DNA Brands Inc (DNAX)

[Ed the Trader]

"122 out of say about 9,500 OTC companies. That is a little better than 1%. I am going to out on a limb and guess there are many more OTC companies out there SCAMMING."

That is because taking shareholder cash with no intention of actually growing a business, what we commonly here call "scamming," can be done in a completely legal manner.

The SEC takes actions against companies for illegal actions, or if they think something is improper. Stating business intentions, and then failing to execute those intentions does not count.