A paid trading alert for DNA Brands, Inc. (OTC:DNAX) stock will try to push its share price up from the six-month bottom. The stock has been on a downtrend since August this year, but despite this fact the company still appears overvalued by the market. 
Yesterday, DNAX closed the trading at $0.51 for share, which is the lowest share price for the past six months. It is not the first time that the stock falls to that level, however, it is actually the third time for this month only. The trading volume was much higher than the average with 26,000 traded shares, which together with the share price decline of almost 9% is not a signal that DNAX could not fall further down.
One thing that could prevent it, at least for the coming session, is a trading alert that came into our database last night. Though the low compensation of merely $2,500 for one day of advertising service, the promoter’s e-mail provides quite an extensive description of DNA Brands, of course only talking about the positive side of of the company’s business.
At the same time, the company’s financial report for the third quarter of the year does not looks optimistic at all, and suggest that DNAX current market cap of $22.5 million is too high. At the end of September this year, the company had a working capital deficit of almost $2 million, outstanding notes convertible into common shares at a 80% discount to the market price and a net loss of $871,000 for the quarter.
