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OT: bag
I agree, you bought the brick building when it was only half built. Unfortunately for you I think they started the construction process at the top. The pro's, on the other hand, start at the bottom.
cowboyd - That is as you say a very logical premise and quite plausible. I would suggest that it is worth much more than I paid for it. lol
It is unfortunate that such a simple and neutral premise could not have entered the discussion earlier. It is also unfortunate that such a seemingly innocent event should come to light at such a vulnerable time.
regards,
frog
Bag8ger - I don't believe he's dishonorable, I don't believe he's honorable. I have mentioned it before but I don't 'believe' anything.
Some things I 'know', most thing I 'don't know'. The only way I have found to get from the 'don't know' state to the 'know' state is to ask questions and analyze the answers.
If you are looking for 'motives' you can start there.
regards,
frog
bag8ger - Tony can do whatever he wants to with his money and his shares. This is, after all, America. What he does with his personal resources is non of our concern.
The conversation started with the announcement that Tony (a corporate officer and an insider) was selling some of his shares.
Insider sales during such an 'interesting' time in the company's history sometimes make investors uncomfortable.
The immediate and knee jerk reaction from the apologists was to reconstitute the previous 'Loan' scenario, in which Tony and George sold shares to obtain revenue to loan to the company so it could remain afloat. Conveniently forgotten in the response was the companies situation at the time of the loan. Specifically that it had no shares to issue and was desperate for operating funds.
Since the conditions no longer apply (i.e. the company has countless millions of shares at its disposal and it has millions in the bank) the explanation is significantly flawed.
So what we have after we have waded through all the BS, is the CEO is selling shares at a significant rate. Since it does not seem to be a forced sale for the companies benefit, it would seem to be of a personal nature and therefore discretionary. That being the case, the question in the minds of many is; Why wouldn't he wait a couple of weeks until the inevitable price hike occurs and obtain a better return?
What does he know, that precludes such a delay?
frog
66fan - Oh THOSE shares.
That explains it.
No, I was talking about the shares that they are going to pay him back with anyway. You know, THOSE shares.
By the way they have just commited a minimum of 130 million shares to the PP, as well as issuing millions of shares to the principals, they still have the rest of the billion approved shares in hand. I doubt that a paltry 3 million shares would be that big of a deal.
So the questions remain; Why is Tony selling shares at such a high rate if it's not to support the company and if it is, why doesn't the company sell it's OWN shares?
regards,
frog
66fan Good Point. Probably explains the sales.
BTW do you have an explanation as to why Frdakis sells HIS shares in order to run the company?
The company always pays him back with shares anyway, why don't they just sell those and simplify the process?
It would save them a lot of money as they wouldn't have to pay the interest that they give Frudakis and they could also avoid the discounted share price that they always give him.
What do you think?
bandersnatch - That's a compelling argument that, unfortunately, begs a question.
You suggest, and rightly so, that DNAP needs to focus on it's target markets, but the reality is, there are non.
While there are significant products in the works, statnome, ovanome etc. There are no established markets for them. While the products have an intellectual appeal, there are no compelling economic advantages for them. Therefore no market. It is not enough to create a clever product, it is equally necessary that that product meet a specific need.
DNAP has for too long relied on it's leading edge science and it's innovative products. Innovative products, however, are only deemed valuable if they solve specific and immediate problems. It's time that DNAP put the horse back in front of the cart and start with specific needs and go on to develop innovative solutions to address them.
frog
re Paternity Testing.
If DNAP is working towards becoming an acredited DNA test facility, they may as well perform paternity testing. While it certainly lacks the lurid attraction of forensic investigation it is a huge market easily eclipsing the fairly minor forensic space.
For an insight into the size of the market, (as well as the significant number of entrenched competitors) one only has to perform a google search.
regards,
frog
A quote often attributed to Voltare goes something like;
"I disagree with what you say but I will defend to my death your right to say it."
All schoolchildren in this country learn this, and learn to accept the wisdom and courage behind the concept.
It is unfortunate that Voltare never actually wrote it nor is there any record that he spoke such words. The reality is that the quote was manufactured later to paraphrase the philosophy inherent in his work.
Perhaps it is fittingly ironic that the quote is a fabrication.
regards,
frog
Miss Scarlet. Thank you for your kind offer, but unfortunately I must decline. I am not superstitious and I am afraid you would be wasting your time.
I am also grateful that you were able to receive my message and respond to it before it was deleted from the board. I apologise to you if you found it offensive.
regards,
frog
LOL! Miss Scarlet.
Whoever you are refering to should change his name to 'Voldemort'. Then we could refer to him as 'he who must not be named' as well as your own choice of 'you know who'.
I'm out!
I doubt that most of you will give a fig, but I wanted to remain honest with the board. I have been long for over two years but this latest move has finally soured me.
It will require a minimum of 200 million shares to complete the PP with no tangible gain in value for the company. The $8 million is a trivial number when amortized over the 750 million shares outstanding. (0.0166 cents/share).
I never expected the pps to go very high, 50 cents at most, but having bought in at just over a nickel it was a valid gamble. However, there does not seem to be much left anymore. The science has not impressed the industry peers, and they are the best judges of it. The competition is better funded and moving just as fast if not faster. (see ming's recent posts).
I have enjoyed my participation here and will continue to "play along" [that's for you, Arch], but I have liquidated the majority of my position at this time. If anything 'ever' begins to move, I will consider rejoining the rat race at that time.
I wish you all the best of luck.
regards,
frog
Question.
Many of the posters here have received an invitation to participate in the PP. It is safe to assume that some of you are considering the invitation and that some will accept.
The question is; How many of you will use "new" money for the purchase of the units, and conversely how many will liquidate existing positions in DNAP to obtain the funds to participate?
Thanks in advance for your inputs.
regards,
frog
DougS - Of course you disagree, that's the point!
Read what I said, the post was trivial fluff, of course it had no substance!
However, if lack of substance is grounds for deletion, then you are certainly not applying that restriction evenly ARE YOU?
What is it about my posts that scares you?
They are fairly trivial in the grand scheme on things don't you think?
Now lets try again.
I don't care that you deleted the post. All I want to know is the 'reason'. So we can compare a few other posts to it and see if you are being even handed, or simply playing by your own sandbox rules.
If you are indeed removing posts from one viewpoint but allowing equally objectional posts from another then you are in fact policing the thoughts of the board.
If that is so hard to grasp then perhaps all you understand are kindergarten comments.
worktoplay - Fair enough. I only had the summary posting on this board to refer to. I have not seen the complete document. Thanks for the clarification.
Manti - I think you have me confused with someone else. I never made any comments about "financial institution" funding. Falling thru or otherwise.
frog
Doug - I sometimes envy you your one sided viewpoint. It is a quality that allows you, without any qualms of conscience, to discriminantly apply your 'rules'.
I didn't ask to have my post reinstated, it was trivial fluff. I have no problems with your powers to limit the discussions on this board. I merely asked for some clarification as to the specific 'rules' it ran afoul of. While I respect your need to apply your filters to the posts on this board, I am in contempt of your discriminatory application of them.
It also is irrelevant which one of the triumverate that deleted the post, as you all speak with one tongue.
I also find it amusing that you can, with a straight face, berate and insult me in the process of complaining about my practice of berating others.
Congratulations,
frog
worktoplay - I could easily be mistaken, but I understood the conversion price to be 85% of the 20 day average price. I estimated that to be about 5.4 cents (85% of 6.4). The only mention of 6.1 cents was as an upper limit for the conversion price.
regards,
frog
Thanks for the support!LOL
Post number #5540 was deleted by the thought police, it's only 'crime' was it's sarcasm!
Careful bag,
Sarcasm is frowned upon here on the iboard.
The thought police will remove your posts.
frog
Yeah, whew! We sure dodged a bullet there! LOL
Bandersnatch12, I couldn't tell you.
I'm just reading post #5880.
It says that the prefered shares can be converted at 'any time'. It does not say if you have to hold them after that.
Relax bag8ger, you are reading it wrong!
You forgot the 32895 shares from the warrant that can be converted for five years as well.
ifida, I think you missed the conversion of 'prefered' shares to common. $10,000 buys you 2000 prefered shares worth $5 ea. You can convert them to common shares at any time at the conversion rate of 15% less than the 20 day average. That means you can swap them 'today' for 183823 shares of stock.
It will require the issue of 147 million shares to cover the transactions if they are able to entice investors to provide the $8 million dollars.
Thats about a 25% dilution of the current shares OS. Or a reduction of the equivalent share value to 75% of todays pps or about 4.5 cents.
So, will it drop the pps to the diluted value of 4.5 cents, or will it 'seek' the level of the PP at 5.4 cents, or will it go up based on the 'potential'? hmmmmmmmm
If I'm reading this right.
Assuming an average share price of .064, you get 183823 shares of stock for $10,000 up front. About $11,764 dollars worth. An equivalent share price of 5.44 cents.
You also get the option to buy 32895 shares at no more than 7.6 cents for 5 years.
Does that sound about right?
It will be interesting to see what effect this has on the pps.
frog
Manti - You may well ask.
I have been long DNAP for over two years, I am averaged at about 5.3 cents.
frog
OT: cosmiclifeform , Thank you for the blessing, it is appreciated.
Your allusion to 'their truths' and 'my truths', as though there are different kinds of truth, is the heart of the dissonance that occurs in these forums.
The reality is, there is only one version of the truth. There has only ever been one, there will only ever be one. The other major part of the reality is that no one here knows what that truth is. Everyone has an opinion but no one KNOWS.
The truth by its very nature is not positive and it is not negative, it is not influenced by opinion nor is it open for debate. It is unassailable. No amount of dour negativity will drag it down, conversely no amount of boistrous exhilaration will pump it up.
For some the search for truth requires a surgical elimination of all of the emotional baggage that surrounds, and therefore clouds the issue at hand. For others the search is threatening, as it might uncover the weaknesses in their own personal paradigms. [Interestingly both camps will identify with this paragraph in the same way, identifying themselves on one side and their opponents on the other.]
My agenda here, is not and never will be the issue. Truth is not held hostage by 'agenda'. Truth is still truth no matter who speaks it, friend or foe, genius or cretin, criminal or saint.
Truth is discovered by asking questions. Questions are answered with facts, not personal attacks or questioned motives. Anyone who is threatened by questions is significantly lacking in self confidence.
Good Luck to you too...
Steve
OT: mjam, You thought I didn't like you?
I'm hurt, mjam.
Why, I hold you at the same level of esteem that I reserve for the many intellectuals on this board. Arch, bagger, Slopster, 66fan. You all have a special place in my heart.
frog
Bag8ger,
You have blown the cover off the plot!
All this time it has been a deliberate subterfuge of the company that is responsible for holding the pps down. What a masterful machiavellian scheme it must be. DO you suppose all of those 'traders' have been secretly in league with the good Doctor all this time?
You might owe them an apology.LOL
A deliberate subterfuge? is that a 'lie' by another name?
LOL Stakddek-
Pleas DON'T smile when you say that!
Give me a break. Most of Sterns listeners are saving up their empties for sale to the recycle yard to either get their front teeth replaced or their mispelled tattoo redone.
Nonsense. The share price of MSFT has never been less than many hundreds of mutiples of 7 cents.
To suggest that it ever was is misguided hyperbole.
Calculating imaginary values based on post split results and making a comparison of those vapor values to present day DNAP is flagrant self delusion.
frog
Miss Scarlet
"It wasn't too long ago MFST sold for .07 a share."
Just how long ago is NEVER!
Arch, It has been known for a very long time that hair color is not specifically genetic. It is doubtful that Dr F is unaware of this phenomenon.
It is NOT a list of drug companies!
It is a large general catagory of companies involved in various degree of the pharmaceutical industry.
It's very own disclaimer states:
This section contains, MORE OR LESS, companies that actually produce pharmaceuticals and biologics.
The fourth 'company' on the list is;-'Allergy Information' which links to a pop-up ad for claritin.
There is a 'company' called; 'Impotence Information'.
The link for DNAP phenomics quotes their web site directly;
"DNA Phenomics Engaged in the discovery and production of genomic-based personalized medical solutions."
The DNA Phenomics web site lists their products as;
"Methods of Discovery" and "Drug Response Classifier Products"
No mention of Drugs!
All in all it's a little thin, don't you think?
bag8ger-
You said,
With respect to so-called "actual" questions, they are designed to plant doubt, elicit speculative answers which never will satisfy the questioner who then, instead of contacting the company for a definitive answer, keeps hammering away.
That is an interesting speculation on your part since you have not taken the time or opportunity to respond with a non-speculative answer. I am amazed at your 'uncanny' ability to determine the underlying 'design' of a question. How do you determine (without answering it) what it's purpose is?
You also said,
Whether or not a poster on a message board is deceitful, there are several ways to vote.
So I will assume that you will vote based on your inate ability to determine a posters motives from the 'design' of his questions. Must be one of those level 4 skills, I guess.
bag8ger,
He sure is an insidious ba$tard, isn't he?
Sounding so reasoned and forthright. He doesn't seem to make any slips that reveal his 'obviously' nefarious agenda. Man he's good!
Don't you hate dealing with an opponent that you can't instantly categorize? I mean after all, he doesn't pump all the time although he seems to sound positive about things. He doesn't bash all the time although he does raise uncomfortable questions. He doesn't seem to be a trader because he mixes the positive and negative issues in the same posts, and how can that work?
It's a dillema all right. We'd probably better leave him for Arch to deal with, don't you think?
We sure don't want to respond to his 'actual' questions do we?
What would that get us?
We sure don't need any body deceiving us on this board. We can manage that just fine on our own, can't we?
frog
CVETT - DOh No!
Additional sales mean additional INCOME. Not profit.
66fan, I'd rather watch you 'tell' your team what you found!
regards,
frog
ps. Don't forget to thank DougS for his efforts. LOL