DNA Brands Inc (DNAX)

[Ed the Trader]

"Did anyone notice Adrian has not made any type of statement in a PR about possibly having to file bankruptcy and his name is no where on the document filed yesterday. It says it was written up by investor relations."

The supplemental filing which discusses the possible bankruptcy talks about the former CEO without naming him. Don't assume that it is talking about Mel.

It is possible that Adrian is now the former CEO. Perhaps, Mel has retaken control of the company. It is also possible that a third, as-yet unidentified person has taken control of the company.

It is even possible that Adrian is out, but NO ONE has yet taken control (as CEO) of the company. That would explain why the document states it is from "Investor Relations." Considering that people here were acting like the financiers notes from Mel's time were basically already paid off, why would it be necessary to have a bankruptcy filing to discharge them? Wouldn't it make more sense that it is necessary for a bankruptcy filing to discharge the notes which have accumulated while Adrian has been CEO? However, the document says the notes are from when the FORMER CEO was in control. So, does that mean Adrian or Mel?

Anything is possible...