Replies to post #37354 on DNA Brands Inc (DNAX)

[tw0122]

Adrian CEO

As it stands, right now I’ve been speaking to three groups regarding acquiring companies. One is a juicing technology, one is a nutraceutical company with sports nutrition and one is a company in the energy business, but that’s actually refining coffee, burning them into energy pellets believe it or not which is a huge business. So my hope right now is to acquire a company. I want to acquire the company, give DNA some assets, give DNA some revenues and when we have that then we can focus on spending some money to relaunch the brand, because even if I were to raise a little bit of money to relaunch the brand, what happens if I have reorders. What happens if Walmart wants to place an order and DNA does not have the resources to fulfill that order. You know it’s putting the cart before the horse.

[tw0122]

do have an LOI but it is not with any of the acquisition candidates. DNA has been offered a multimillion dollar cash equivalent financial instrument to sell the DNA product line. That is who the LOI is with. So I haven’t executed it as of yet. I have it in my back pocket. That instrument if I decide to act on it will be used to put assets back on the books and it will also be used to simultaneously wipe out the creditors and when I say wipe out the creditors I mean off the balance sheet of the company. Creditors will receive the instrument as payment for the money owed to them and simultaneously dramatically reduce the debt on the books… Actually DNA will come out ahead and manage to negotiate a sum greater than the debt

[tw0122]

Adrian McKenzie:

At the moment when I first took over, there were 6 major creditors. At the moment there are 4. One of them has been satisfied in the sense that he received his stock, and is trading it. So his credit position has been satisfied.

There are 4. There are 2 major funds that if you did your due diligence and I don’t want to mention people's names, but if you do your due diligence and check the filings when the company was a filer, you will see two major funds. The two major funds are still in the company and they are the ones that are actually keeping the company alive, and then two other creditors are private mom and pops that had invested in DNA Brands when it was under prior management, and I am working with them to get them something. Like I said my goal is to make sure the investor gets something back. Right now-you know the situation. I took over quite a workload. So my goal is to just make the investor their monies back.

[tw0122]

Adrian McKenzie:

I have the LOI. I can execute it at anytime but I am giving it some time because you know in reality what I would really like to do for the shareholders is I would like to go make my acquisition. I would like to create some revenues. We can launch the energy drink brand again. Therefore we will have 2 revenue streams and like I said I would like to acquire the subsidiaries to have multiple revenue streams.