Dan Gannon was CENTRAL to everything that happened...
Hi FrogDreaming...
Good to hear from you also. Actually I was hoping you would stop by and say...Hi... I do hope you are doing well.
We had some great dialogs in the past...and while we strongly differed in our views...I actually appreciated your thoughtful and provocative discussions that always kept us on our toes...
Welcome back to you as well...
Here's a few thoughts on your thoughts...
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Hello Cosmic,
I see you have returned with a 'slightly' different viewpoint than when we last spoke.
Yes...time and further experience has given me a different viewpoint... The events were definitely learning experiences.
No shame. No blame. Lessons learned. Thanks.
My recent posts on iHub suggesting that all newbie DNAG investors do their proper DD and go back and read your posts is my compliment to you for your knowledge and information at the time. Hopefully they can extrapolate to the present and start asking informed questions...
Good to see you back...and I'm very interested in your current insights....
You said: Let me caution you on your list of "what we know and can prove..."
1) DNAPrint is a dead company.- PR - DNAPrint Genomics Closed Business 2/2009. TRUE
2) Dan the Man Gannon was centrally involved in what happened to DNAPrint Genomics and to DNAG shareholders: NOT ENTIRELY CORRECT (see below).
Actually it is ENTIRELY correct.
Dan Gannon's multiple roles as the majority DNAG shareholder, the buyer of the IP assets, and a DNAPrint board member absolutely puts Dan Gannon CENTRAL to everything that happened (see more below).
A) Dan the Man bought millions of DNAG shares to become a majority DNAG shareholder to get some control of DNAPrint Genomics. NOT REALLY.
- Dan bought millions of shares alright but did his best to avoid becoming an 'insider'. Only after he was forced to file his ownership of greater than 5% with the SEC was he drawn into the management mess. Until that time he was convinced that DNAG was a real company with valuable assets.
Froggy...with all due respect... unless you are Dan...how do you know what Dan's real intentions were...when only Dan knows...? Dan's rapid purchase of millions of DNAG shares didn't show that he was avoiding anything. Quite the contrary. He was a proud puppy when he got to file his SEC Form 4's for all his millions of DNAG shares... He loved the stage light on himself.
So...Froggy...How do you know Dan Gannon's REAL purpose wasn't to grab millions of DNAG shares so he actually COULD totally control all that happened to DNAPrint's IP assets...?
Because...that looks EXACTLY like what DID happen...
And Froggy...again respectfully...you seem to be defending Dan Gannon. WHY are you defending Dan now?
Froggy...ARE YOU Dan Gannon...?? Or are you a "deep insider" personally working with Gannon and trying to cover everything up...?
Your comments have made us very curious FrogDreaming...
Please explain just how you know all the things you are stating about Dan...that only Dan would know...?
B) Dan the Man started an investor group to buy DNAPrint's IP assets from Dutchess Capital to save DNAPrint Genomics. ARGUABLE
First of all...NOT arguable... Fact.
DNAG iHub and Yahoo boards are full of Dan's posts about "starting an investor group to save DNAPrint Genomics." Proven Fact.
- After Gomez, Frudakis and Gabriel realized they couldn't squeeze any blood out of him, they walked away, washing their hands of the whole scam. That left DAN, as the largest stock owner as the only one left for Dutchess to negotiate with.
-Dutchess know the IP was worthless (else why wouldn't Frudakis et. al. have leveraged it to obtain continuation capital?) and they also knew that Gannon was a sucker. -They offered to sell him the IP and convinced him he was getting a 'deal'.
Regarding your opinion of the perceived value of DNAPrint's IP assets.
I do agree that the fact Dutchess sold the IP assets clearly indicates that they didn't value them at the time...but at the same time there were other parties interested that DID value them...so the IP assets definitely held value to some people then. However that is way past being an issue for debate now.
Froggy... You seem to have some profound Dutchess insights to what happened back then. Sounds like you have more insider information here that we didn't have back then...??
How did you find out that Dutchess knows Dan was a sucker? Were you privy to Dutchess's discussions with Dan...? How do you know anything about these Dutchess discussions? Only Dan knew about them...
C) Dan the Man was on DNAPrint's board when they gave away ALL of DNAPrint IP assets to DDC... and screwed DNAG shareholders. DDC WAS Dan Gannon et. al.
Could you please explain that further...?
Not sure what you mean by that..."DDC WAS Dan Gannon et al."
Are you suggesting there were covert relationships between DDC and Dan and the board that we DNAG shareholders didn't know about...?
Please help us understand what does that mean....."DDC WAS Dan Gannon et.al....?
-The shareholders were already screwed, they had lost the DNAPrint IP long before that to Dutchess. The shareholders were completely out of the picture by the time Dutchess screwed Gannon.
There is a big difference between "closing the business" and "killing the company" ... The "business is closed" but the "company" still continues even with an empty shell still trading.
Granted Dan was not involved until after the board announced DNAPrint closed for business (PR)....and that Dutchess held the IP assets before Dan got involved.
So I agree that DNAG shareholders were basically already screwed when Gabriel closed the business...
But...when Dan came into the picture and started buying millions of DNAG shares....DNAPrint as a "company" still was salvageable...
Dan Gannon came along to save them...and DNAG shareholders were not...absolutely completely totally...screwed...not yet anyway.
The iHub and Yahoo boards are filled with Dan's promise's tossing DNAG shareholders a lifeline...specifically and very clearly promising to SAVE DNAPrint Genomics... Fact...
And Dan Gannon was the majority DNAG shareholder and buyer of DNAPrint's IP assets from Dutchess...AND...Dan was on DNAPrint's board of directors... Can't get more CENTRAL or more directly responsible than that...
Instead Dan and the board suddenly gave away all the IP assets to DDC and the board resigned and ran away as fast as possible.
Dan Gannon was CENTRAL to those events...and now you can finally say ...with Dan breaking his promises...
DNAG shareholders were NOW absolutely completely totally screwed...by Dan Gannon and the board.
Dan's multiple roles and direct involvement definitely leaves Dan in the middle of all that happened with the IP assets. All Facts.
D) DDC ended up with all of DNAPrint's IP assets in an "exclusive worldwide license" that shut out DNAG shareholders. SEE ABOVE
- DNAG shareholders were shut out long before the DDC license.
Repetitive statement already answered above.
Dan was involved with multiple roles on the board with the DDC license...so that puts Dan central to it all...and directly responsible for it. Fact.
And the DDC license is between DNAPrint Genomics and DDC...so there is clear question if the DNAG shareholders are actually shut out at this point. Who got the DDC license fees...and who is getting the DDC royalty monies...? And who is spending it all...?
-The 'exclusive worldwide license' hasn't netted DDC a single cent above their investment. They are just as screwed as DNAG shareholders. In fact I would bet that if you talked to them they would be more than glad to sell you the IP for pennies on the dollar compared to their cost. LOL
Again it sounds like you have insider information we don't have...are you an insider to all these DDC dealings...?
How do you know exactly that DDC hasn't profited from their "exclusive worldwide license" of DNAPrint's IP assets...? Do you have a copy of DDC's license and DDC's Profit/Loss statement so we can see for ourselves if they profited or not...? How do you know all this stuff anyway...?
E) DNAPrint is now dead and has absolutely no IP assets. DNAG is a toxic ghost shell with nothing but debt. TRUE
- BUT DNAPrint was dead the day after it entered ito the death spiral finance deal with Dutchess. All the management knew what they were doing. They knew the IP was worthless and all they could do was suck the juice out of the stock price, which they did.
So in summary...
We agree Dan was not involved with Gabriel closing DNAPrint Genomics as a business.
However...Dan Gannon DID get centrally involved AFTER the business closed...by buying millions of DNAG shares to become a majority DNAG shareholder, buying the IP assets, and getting on DNAPrint's board of directors... You can't get more central than that...
Now we can talk about the AFTER...when Dan Gannon WAS involved. ...then what happened?
Dan The Man Gannon became our majority DNAG shareholder...
Dan The Man Gannon got on DNAPrint's board of directors...
Dan The Man Gannon puts together an investor group to buy DNAPrint's IP assets from Dutchess...
DDC ends up with a totally "exclusive worldwide license" that buries the IP assets...
Dan The Man Gannon disappears...
The SEC reportable "material events" were legally required to be reported to DNAG shareholders and the public... They weren't.
And all of this is much too coincidental and curiously questionable about Dan Gannon's motives and possible kickbacks in all this...
I'm just a layperson...but it's easy to see a pattern of possible criminal intent to crush DNAPrint Genomics and squash their IP assets...
At the time the new DNA Ancestry and Forensics markets were multi-million dollar potential.
Who knows if DNAPrint's competition did all this to crush them...and Dan Gannon was their hit man...?
Just my humble questions. Lots of speculation. No real answers yet.
Hopefully this is something the DNAG shareholders will pursue and find out.
Maybe even get an attorney's quick opinion about the millions of lost potential revenues...
Even better for the long time DNAG investors to see someone finally held accountable...and hopefully punished...
DNAG shareholders have a legal right to ask and demand answers from Dan Gannon.
Let's see what Dan The Man has to say...
Froggy.... Please let us know...how do you know about all that "insider" stuff that only Dan Gannon would know. Your insider knowledge continues to be very impressive.
Nice talking to you again,
See you.
You too Froggy...!
Take care.
Cosmic
