DNA Brands Inc (DNAX)

[Tx Girl]

After reviewing the annual report, it looks like at least half of that was probably notes that was converted to stock. As far as who bought them, I don't know. My gut is telling me that the company and/or insiders and MM's are trading this stock back and forth between themselves when the notes convert until they can get a sucker, I mean regular investor, to buy on hype, then the regular investor is stuck. This may not be the case, but why are we only seeing the large volume around the time shares are issued because of the note conversion. If someone really wanted to buy this stock in large quantities, wouldn't they also be buying on days other then when it's time for the notes to convert. The next set of notes are scheduled to convert the 2nd and 3rd week of April, let's see what type of volume we get then.

My Opinion