DNA Brands Inc (DNAX)

[Ed the Trader]

"Adrian bought a ticker up until he had majority of the shares. Does that give him control. I thought I did in his case. Can't remember the ticker"

If you looked at the Articles of Incorporation, you would find that one of the very first things that Adrian did when he took over the company in February of 2016 is to create the Series G preferred stock.

There are 2 million shares of Series G preferred stock. Each share has a declared value of $4.00.

Series G preferred stock is configured as if it were a loan.. basically, it appears to be secured loan which is secured with Series G preferred stock.

The best guess is that Adrian took an 8 million dollar loan against the corporation to pay Mel and company (the previous CEO and management) so that Adrian could buy the company without using any of his own money.

The debt described by the Series G preferred stock is to be repaid on a quarterly basis with a 14% interest rate.

So, not counting the interest, it would take 80 billion shares of DNAX common stock to equal 8 million dollars. Double that is 160 billion shares and quadruple that is 320 billion shares. That would be the typical ratio for a typical toxic financiers used by OTC Pink corporations.

So, unless Adrian executes some plan to actually produce profit, he will likely need to blow the A/S from the current 25 bilion shares to between 160 billion and 320 billion shares. Yes, Adrian would actually need to fill that entire headspace with an expanded O/S.

Hope you all are ready to keep placing those buy orders because Adrian needs hundreds of billions of additional shares worth of dilution.