DNA Brands Inc (DNAX)

[Ed the Trader]

"Well here it is " DNA Brands Considering Chapter 11" 


http://www.otcmarkets.com/stock/DNAX/filings";

Usually, a Pink corporation with a stock structure so bloated that they are unable to sell more shares just executes a big reverse split... and then the dilution continues and the note holders are happy.

However, in this case, Mel and company don't want a reverse split for some reason. It is likely it would destroy their own stock positions in the company somehow.

It could also indicate that even the toxic financiers will not buy any more notes from this bloated pig because they see what a horrible job Adrian has done of flip flopping on decisions. They also can see that Adrian is an idiot when it comes to pumping the company, and without any effective pumps, the toxic financiers cannot unload dilutive shares which provide them with a profit. So, this is a vote of no confidence by toxic financiers against Adrian.