DNA Brands Inc (DNAX)

[jimmy051357]

DNAX is now DTC ELIGIBLE
AND ALSO TRANSFER AGENT VERIFIED once again

UPDATED Share Structure

Market Cap Market Cap
1,966,227
07/08/2020

Authorized Shares
3,613,000,000
07/02/2020

Outstanding Shares
786,490,905
07/02/2020

Restricted
683,958,107
07/02/2020

Unrestricted
102,532,798
07/02/2020

Held at DTC
87,942,585
07/02/2020

Float
88,000,000
06/13/2020



Why It Is Important To Be DTC Eligible



The Depository Trust Clearing Corporation (“DTCC”) facilitates electronic trading of securities in the U.S. through its central depository system known as the Depository Trust Corporation (DTC). The DTC system allows participating brokerage firms to electronically settle trades with other member firms. This is accomplished by holding securities in “street name,” which means that they are held electronically at the brokerage firm that has deposited the securities into its account with DTC. This eliminates the need for buyers and sellers holding securities in street name to produce physical certificates to settle the trades. The Depository Trust Corporation’s automated clearing and settlement system automatically transfers the “net” trades between participating firms. This allows for a dramatic reduction in the costs associated with trading securities.





The benefits of being DTC Eligible include:



1. Increased ease of trading the Company’s securities
2. Lower trading costs
3. Improved liquidity in the Company’s securities
4. Higher valuation


Very importantly, most brokerage firms do not want to execute trades in non-DTC Eligible securities.