DNA Brands Inc (DNAX)

[boca_bobby]

Looks to me like my post may not be far off the truth:

Until the shares can be registered by the SEC, the majority of the shares are locked up in escrow. I was told that there is about 200K shares that are free trading but it looks like most folks will wait for the dust to settle before taking the plunge.

Remember how DNAB was trading about a year ago? We saw huge spreads with low volume. It wasn't until more and more people decided to believe in the story that more investors decided to buy shares. At about this time we saw the spread tighten up.

So I'd say most folks have to wait for the conversion before they want to trade. And the holders of the 200K of free floating shares may be all the liquidity we see until the converted shares are released from escrow. At least that makes sense to me and seems to follow the PR's released and financials filed.

Since I firmly believe that the company is way undervalued, I will be looking to buy more. But that's just me and I trust my DD. This will pay off, imo.