Replies to post #21390 on DNA Brands Inc (DNAX)

[Fedmax123]

Do you happen to be a CEO of a business that screwed thousands of people out of millions of dollars? What did the house sell for?! BTW, if you would please be so kind as to post for all of us the net worth of the company, I would greatly appreciate it and prove my point at the same time. Don't even know why I post on this dirty (no integrity) website...it's only going to get deleted as being " off topic".

[DNAX_Crusader]

"Just because it has been reported he sold his house means nothing. People move all the time. I just moved, what does that mean?"

Not necessarily....it could mean something big depending where he moved to.

What if he moved far away from the warehouse in a different state? One normally doesn't leave away from his office only to manage their company from afar or to telework.

Could he have sold his property to use the profit to fund DNAX? Maybe (hopefully), but he may not necessarily have made a profit. Public records show that his property was bought back in 3/16/98 for 335,000 and then sold on 04/13/15 for a cool $1,100,000.

On paper, you would think he made at least a profit of $765,000 minus taxes. We don't know this for sure, because we don't know if he had any additionally liens on the property. He may have gotten a couple of equity loans off the principle, we don't know for sure.

Could he have bought a new house in Colorado to be closer to the infused THC research facility or wherever the new research is for whatever new product that may or may not be announced soon? Maybe, but I doubt it.

The housing market is picking up again in FL, so chances are he's taking advantage of making a descent profit and just buying a smaller property somewhere around the previous neighborhood he just moved out of. He may have had kids who have already left the nest and he's downsizing on the house. Some people just simply downsize before retiring.

After the recent home sale, we can probably make a safe assumption that he's at least not planning on filing for bankruptcy any time soon.

Of course this all speculation, but I suppose we'll find out soon enough what's going on with DNAX. I'm confident that Mel is a hustler and will not give up on DNAX without a fight. Go DNAX go!