{"id":4798,"date":"2014-06-20T15:14:46","date_gmt":"2014-06-20T15:14:46","guid":{"rendered":"\/?p=4798"},"modified":"2014-06-20T15:19:03","modified_gmt":"2014-06-20T15:19:03","slug":"investors-return-to-dna-brands-inc-otcmktsdnax","status":"publish","type":"post","link":"\/articles\/investors-return-to-dna-brands-inc-otcmktsdnax\/","title":{"rendered":"Investors Return To DNA Brands, Inc. (OTCMKTS:DNAX)"},"content":{"rendered":"

\"DNAXchart.png\"In the world of pennystocks it is quite common for companies to issue confusing, misleading or insubstantial press releases. What is a rare sight though is outright lying but DNA Brands, Inc. (OTCMKTS:DNAX<\/a>) did just that.  <\/p>\n

On June 9 they announced that their line of energy coffee products is going to be distributed by Trenton Coca-Cola Bottling Co. The PR stated that an agreement had been reached and even featured a quote from Trenton’s President – Mr. Chuck Jones. Seeing the words Coca and Cola, despite the fact that Trenton has nothing to do with The Coca-Cola Company (NYSE:KO), was still enough to drive investors into a buying frenzy. On the day of the announcement DNAX<\/a> <\/strong>increased its share price by more than 525% on trade volume of 277 million shares.<\/div>\n
On the very next day though it turned out that everything was a lie, or a “misunderstanding<\/em>” as the official PR called the situation. Not only was the agreement not real but apparently Mr. Jones wasn’t the president of Trenton. Well, we reckon that things are a little bit more serious than a simple misunderstanding. Two whole sessions investors were making decisions based on completely false information. <\/div>\n
Despite the fiasco it seems that traders were not ready to leave the company and when yesterday it announced a new distribution deal, we hope that this time it won’t be another misunderstanding, they decided to jump right back in. DNAX<\/a> <\/strong>once again flew upwards and closed 43% higher at $0.0043. <\/div>\n
Even if you disregard the whole situation DNAX<\/a> <\/strong>is still surrounded by red flags. They are in a dire financial state and finished the first quarter of 2014 with:<\/div>\n
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