DNA Brands Inc (DNAX)

[Ed the Trader]

"OK if Adrian did take out new notes (which I know he has to). Why not take the typical 6-12 month time frame. Before they can convert?"

The reason that 6 or 12 months is the typical time to wait before converting is that Rule 144 REQUIRES it.

That is true unless you can get a lawyer to write an opinion letter that claims that one of the available exemptions to Rule 144 applies to your case. If you have such a letter, you can convert your brand new restricted shares to unrestricted IMMEDIATELY, and then sell them IMMEDIATELY.

Different financiers have different circumstances so that some might be eligible for an exemption, while others are not.

Further, some financiers are more aggressive about their claim for Rule 144 exemptions than other financiers because they know about reality. The reality is there is virtually no oversight on the claim for Rule 144 exemptions.