Replies to post #55153 on DNA Brands Inc (DNAX)

[slingwing1]

Wouldn't the OTC Markets know what the real amount of A/S is?

OTCM only requires the company to report and if they file the proper paperwork it is good to go. FINRA is the regulating authority not OTCM. That is how the scam can get by.

[Ed the Trader]

"I'm not doubting what you're saying about the authorized shares, -BUT- why would Adrian intentional report the auth shares to be 25B if it's actually only 12.5B? I get it, to sell more shares, -BUT- Wouldn't the OTC Markets know what the real amount of A/S is? The OTC shows 25B. Also wouldn't the TA know?"

The share structure which is reported on the OTC Markets web site is controlled by Adrian through an account which Adrian accesses to set the numbers that are reported.

OTC Markets has no regulatory authority to force Adrian to report the correct share structure.

The transfer only reports the figure for the A/S which Adrian provides to the TA.

The State of Colorado does not monitor the A/S, or that the O/S remains less than or equal to the A/S.

Adrian is gambling that the SEC will not realize that he is defrauding investors.

In the last filing provided to OTC Markets (remember... no filing with the SEC since 2014), the A/S is reported to be 25 billion even though the correct A/S is 12.5 billion.