DNA Dynamics, Inc. Issues Clarification on the Capital Structure of the Company
New York, NY. -- August 9, 2018 -- InvestorsHub NewsWire -- DNA Dynamics, Inc. (USOTC:DNAD) issues this clarification on the capital stock formation of the company and confirms the following has been verified by the Transfer Agent as of 3:00pm EST on 08.09.2018:
Authorized Share Capital 5,000,000,000
Issued & Outstanding 4,306,946,928
Restricted Stock 4,033,600,885
Unrestricted Stock 273,346,043
The Company confirms that Mr. Lovatt has returned to treasury his book-entry 39,678,096, undeposited, free trading stock and that return is reflected in the above figures.
DNA will diligently update OTC Markets with these verified numbers today. OTC Markets will review the figures and update their website within a week in line with their terms & conditions.
There are also two additional physical certificates totalling 24,363,095 which are in the process of being returned to treasury but are still in issuance. These are also not deposited and are currently considered by the company to be ‘unrestricted stock’. A further update will be provided when the Transfer Agent has confirmed receipt and cancellation of the certificates.
About DNA Dynamics, Inc.
Headquartered in Grandville, Michigan, and with operations in the UK, DNA Dynamics' business focuses building a sustainable and stable Gaming and Crypto-currency ecosystem.
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This press release may contain forward-looking statements, including information about management's view of DNA Dynamics, Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of DNA Dynamics, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on DNA Dynamics' future results. The forward-looking statements included in this press release are made only as of the date hereof. DNA Dynamics cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, DNA Dynamics undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by DNA Dynamics.