DNA Brands Inc (DNAX)

[Ed the Trader]

"DNAX products have to fit-in there somewhere, or why do that unless "We" have have some stake in Bitcoindepot? I would rather see a small ATM along side a Energy Drink dispenser, where Tiny Bitcoins can be used? Maybe a few Standard bucks into the ATM, a number of appropriate Bitcoins are retrieved, then to buy a drink or two? But DNAX placing, maybe paying for those machines! Just can't be as stated in that November-7 Press Release? Where do we benefit is what I'd like to know? Give us a complete picture of where DNAX fits in, will ya please? 

I have a number of shares sitting there unmoved over the years, now this? As an aging Dinosaur, I am used to the old way to make a buck, so that transaction between the 2 companies makes little sense to me, sorry to say!"

It is important to understand that Bitcoins are NOT physical money. Butcoin is purely virtual currency kept entirely in the digital realm. The closest that Bitcoin gets to physical money is that one can transfer Bitcoins out of a virtual wallet and print them onto a piece of paper represented as a two dimensional bar code. If the piece of paper is lost, destroyed or stolen, your money is permanently gone. Later, one can scan the barcode and transfer the value represented by the barcode back into a virtual wallet so it can be spent.

As far as how DNA fits into the picture with Bitcoin Depot, DNA does not play an essential role at all. Bitcoin Depot can place their ATMs into locations without anyone else's involvement, and they do not require DNA for this task. Bitcoin Depot already has over 80 ATMs in the field and continues to add more.

Before DNA came along, Bitcoin Depot already had a referral program where anyone can provide a referral regarding some business that may be a suitable location for a Bitcoin ATM. They pay $300 to the referrer for every ATM actually placed.

All Adrian did was call up Bitcoin Depot and ask if he could have a contract with them which states that Butcoin Depot would give DNA the same deal they already give any referral. Obviously, Bitcoin Depot had no reason to refuse signing that contract.

Having a contract to find places to locate ATMs is NOT the same thing as actually locating any ATMs. Adrian is a expert at positioning his corporation to stand next to work so as to provide the illusion that his corporation (or he) is actually doing work when they are not.

Adrian never intended to actually helpplace any ATMs. All he wanted from Bitcoin Depot was the signed contract because he then could write a press release about DNA's involvement with an actual crypto currency business.

Read any press releases that state that DNA has derived any actual revenue from its agreement with Bitcoin Depot? No... you have not, and you are unlikely to read such a press release either. That would require Adrian to do actual work on building a business instead of the only type of work that he actually ever does, which is working on creating the illusion that he is building a business.