DNA Brands Inc (DNAX)

[Tx Girl]

I think I may be wording somethings wrong because I don't know all the proper terms, but I know what I'm thinking in my head. The Series G stock is a loan the company owes to whomever, because the company does not have any money to pay the "creditors/original investors". Instead of giving the stock directly to them as payment to convert and just flood the market all at once to recover their money, Adrian issued them a convertible note in 2016 and they are receiving their stock through out 2017. One group received stock in February, another group is scheduled to receive stock in April, and so on. That's why those notes are spaced out to coincide with how the Series G stock is supposed to be distributed.

If those people who where issued notes in 2016 actually gave Adrian/DNA Brands actually cash in exchange for the note, the money should have shown up on the balance sheet, but it did not. Adrian only had about $61,000 at the end of 2016, but close to $400,000 in notes were issued.

Now of course I don't have direct proof but this what it appears to be happening from what I can tell.