Replies to post #25613 on DNA Brands Inc (DNAX)

[sin vester]

I think he has something is cooking. The financials came out and yes DNAx is broke but there has been no news to follow but it's still current . Makes you think. But it would be nice to see what direction the company is headed because being broke makes one think of bankruptcy.

[Ed the Trader]

"MA MA MA MA MELL!!!!!

We need news !!!!! Even if we r broke !!!!"

We just got news with the November 12th filing:

1) As of September 30, 2015, the total share authorized is still at 6,000,000,000 (6 billion).

2) As of September 30, 2015, the total share outstanding is 4,818,345,165.

3) During the three months ended September 30, 2015, the Company issued 220,000,000 (222 million) common shares to reduce convertible debt.

(So we know that the only thing on which DNA management spent money from new shares was paying back financiers. No new projects or initiatives were funded.)

4) Currently, the company has no revenue or any cash available to operate the business. The company does not have any inventory on hand and does not have the financial resources to produce any new inventory or products. The company is essentially dormant except for paying required bills to remain open. These bills are being paid exclusively from the proceeds of officer loans made by Darren Marks and Mel Leiner.

5) The company leases its facilities and has no real property or assets. The company leases office and warehouse space in Boca Raton, Florida at the rate of approximately $5,589 per month with minimal escalation clauses and is committed to these payments until June 2017 when the company's lease expires.

(So, Darren and Mel are paying at least $5,589 each month out of their own pockets just to maintain DNA headquarters. So much for those here who have suggested that DNA has vacated their headquarters.)

6) The last quarter of total operating expenses for DNA Brands, for which Darren and Mel are paying out of their own pockets, costed $66,324 or approximately $22,108 per month.

(Do you think that spending $22K of their own cash each month on just maintaining DNA's existence suggests that they have enough skin in the game so that perhaps they still want to revive this corporation?)

7) DNA Brands currently lists assets totaling only $1,324 and liabilities totaling $1,817,443.

The latest news about the company is all there. You people just have to actually do a few mouse clicks to open the document and then actually read it.

(Reference: DNA Brands Inc., Quarterly Report for the Quarter Ended September 30, 2105, http://www.otcmarkets.com/financialReportViewer?symbol=DNAX&id=146798 )