DNA Brands Inc (DNAX)

[Ed the Trader]

"...none of us really know the share structure because of the fact that the TA is gagged."

We know with certainty that the A/S is 25 billion. The authoritative source of the A/S is the Colorado Secretary of State, and they publicly and freely share all corporate filings.

For the nearly 1 year history we have with Adrian, the general consensus is that Adrian is being honest about sharing the O/S. The last official O/S provided in the most recent filing with OTC was 7.4 billion. There is no reason to doubt that is the correct figure for the time of the filing.

Smart money would acknowledge the likely probability of dilution with the recent high trading volume. We have not yet seen an update from Adrian concerning this dilution but there will likely be an updated O/S figure included with the upcoming end of year filing. Unfortunately, that figure will not include January's dilution.

A good estimate for the current O/S is in the 8 to 10 billion range.

Adrian did verbally provide his estimate of the float during his last conference call, Unfortunately, the way he chose to define the float was an approximation of the unrestricted shares which the shareholders may be inclined to trade rather than the correct definition of the float which is a count of all unrestricted shares.

Thus, the intelligently defensive trader should consider the float to be equivalent to the O/S.