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Thursday, September 18, 2014 6:31:37 PM
My answer was, "No." So, I took a $4,500 loss selling my shares at about $0.0011. By doing that, I avoided the further 50% drop to $0.0005/6. Because I think that the PPS will ultimately drop to about $0.0002/3 (if one billion shares have a value of $0.0011, then 6 billion shares should have a value of about $0.0002), even though taking that kind of loss sucks, I think I made the right choice.
I hope to see an opportunity to acquire new shares of DNAX later after the dilution has finished dropping the PPS. I still strongly believe the company has excellent products that can become very competitive with their competition, but that will require some excellent management of the company.
If I saw DNA management start to get open and honest with shareholders by ungagging their TA, and a release of some details of a business plan that explained how DNA management intends to address boosting sales (ex: expanded advertising), THEN a person might be inclined to throw some spare bucks their way to ride things out for the long haul, including absorption of some dilution. Unless that happens, there is no point to buying or holding this stock until the PPS bottoms. Until that happens, this stock is only good for possible one tick flips, and with the constant downward pressure on the PPS due to dilution, even that is risky.
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