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Saturday, January 28, 2017 9:53:47 AM
If such a person took over DNA Brands, Inc. given its condition as a dormant company at the end of 2015, someone with a really good reputation in the beverage industry would really be putting that reputation at risk. That could be career ending if they were not able to pull a turnaround miracle out of the company.
I think many would consider that risk too high.
Additionally, Mel and company want their own money back out of the company. They are going to get more than eight million dollars from DNA if the company is successful. Very few experienced beverage execs were likely to be willing to pay that kind of money for DNA.
There is good chance that it was Adrian's idea to let him take over the company for no money out of pocket from Adrian with the creation of the Series G preferred stock.
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