Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I would belive Bioserve more than DNAG. DNAG seems to have a little credibility problem when it comes to information.
Highly doubtful - not after that last 8K.
DNAG being heavily day-traded. Huge plunge due very soon.
Sam1933 why would you make such an outrageous statement??
Sam1933 no way. It will take a miracle now. Are any of these latest postings going to help DNAG in any way??
These findings mean nothing - DNAG at .0002 - translation: just about kaput!
Frog someone needs to tell DNAG alot of things. All these findings.
Sam1933 DNAG just about history.
Sam there will be no financing information comning. If the SP has spiraled down this far it's pretty much over.
Chris I know - I can't believe these scheisters did this to us.
It's just a hair away from .0001 and once it falls to that level it's pretty much over. I can't believe those idiots let this happen and screwed us to the wall like they did.
DNAG slipping further into the abyss.
PL1..learned WHAT?? Learned things that are irrelevant to an increase in DNAG share price?
What are all these "research" postings about?? Will it change the course of DNAG?? No way.
Chris LOL!!
MonkeyNinja it's the same old garbage. I appreciate your trying though. I an shocked Louise is still there.
Chris I know - that is the sad state of affairs that corporate Ameica in general has fallen into.
BBBabe that is all good and well but one huge problem that is contributing to the angry outlook on this board is DNAG's total lack of shareholder communication. I mean...what do you expect?? Cheers and smiles??
pma what does that mean in terms of an increase in share price?
Sam1933 what does that mean, "dynamite"?
Stocky I hope you have let the "dickster" and Tony know in no uncertain terms your anger toward them. I have sent them e-mail's and faxes calling them every name in the book. And I mean every name. For us stockholders to just keep grazing like sheep is sickening.
Chris you're dead right.
Just like the Chatty Cathy doll. And yes you are right they are going down rather quickly.
Chiggah screwing shareholders over is immoral and criminal. But it's people like you that justify it and think it's just dandy. All "part of the game."
Chris I know - all we can do is vent our anger and disgust. Never again will I be scammed in pennystock land.
Dick/Tony are you reading this????
Dick & Tony have scams we don't even know about.
Dick is working on a new scam.
It was so sad I saw on MSNBC Business this morning a story on how much the pharma industry needs to innovate (exact words) to survive now. Too bad those jackasses at DNAG screwed up.
Louise (if she is still there) is like the old 1960's Chatty Cathy doll. Some of you may remember that oh so popular toy. You pull the string on the back and she says "I Love You" or something similar. The DNAG version of that is of course Louis. You pull the string and she says:
"We are still seeking financing."
"We are still seeking financing."
"We are still seeking financing."
"We are still seeking financing."
"We are still seeking financing."
"We are still seeking financing."
Stock the board is out of control due to all the daytrading.
Bag good point - that was the time to get out.
Sad - DNAG turning into a daytraders playground like this.
Chris well said. I am still stunned at what a scam this was - even for pennyland.
Quick give me PROOF - give me proof!! THEY ARE DYING!!
God that's a depressing response - business as usual.
Stockboy/Chrisbaskett you are both correct.
Dnapwiner if they had something good to say just share a bit of it with us. God knows we need some positive news from SOMEONE - we're not getting it from Sarasota.
Stockboy and I am still waitin on that synopsis from Dnapwiner on their live phone conversation with Sarasota Hdq.
Posted by: dnapwiner Date: Wednesday, June 04, 2008 4:30:13 PM
In reply to: uccaducca who wrote msg# 78356 Post # of 78384
I had called dnaprint today. They seemed okay. :)
I think some of the people on this board need to read this.
ITEM 1.02
TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On February 25, 2008, the Laboratory for Translational Research at Harvard Medical School gave notice to the Registrant that the Registrant must pay $261,346 that is owed plus interest within 30 days or the exclusive license agreement with Harvard College for sponsored research and the clinical development and commercialization of a diagnostic test targeting early identification of the population at risk of developing vascular diabetic complications would be terminated. The Registrant does not currently have the funds to pay these overdue amounts and anticipates this agreement will be terminated. As a result of this termination, the Registrant will no longer be able to conduct its CD-59 project.
ITEM 2.06
MATERIAL IMPAIRMENTS
Based upon the downsizing of its Richmond, California operations (Trace Genetics, Inc.), the Registrant anticipates that it will write off assets on its balance sheet relating to previous intangible assets associated totaling $75,000.
ITEM 5.02
DEPARTURE OF CERTAIN OFFICER AND COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
Ms. Karen L. Surplus resigned as our Chief Financial Officer on February 26, 2008. The executive officers (Mr. Richard Gabriel, Dr. Hector Gomez and Dr. Tony Frudakis) have not been paid since January 4th, 2008, but continue to perform services.
ITEM 8.01
OTHER EVENTS
The Registrant anticipates that it will not have sufficient cash resources to be able to pay outstanding fees to its auditors and consultants necessary for the preparation of its 2007 10-KSB filing. Accordingly, it is anticipated that the Registrant will become ineligible for trading on the OTC.BB and that its shares will be traded on the pink sheets.
The Registrant continues to be in default of $4.4 million of notes payable to Dutchess Private Equities Fund, II, L.P and has accrued $1.7 million for penalties.
The Registrant is in default of a loan that matured on December 31, 2007 with the Registrant’s Chief Scientific Officer which totaled $257,147 with $22,459 of accrued interest at January 31, 2008.
The Registrant has received a notice of default and cancellation under its service agreement with KBI BioPharma for services to be provided for the production development our Erythropoietin (“EPO”) product. KBI is pursuing payment of $816,671 from the Registrant.
The Registrant is in default of a convertible debenture that matured on November 15, 2007 with La Jolla Cove Investors, Inc. which currently totals $14,805.
The Registrant is unable to pay its accounts payable, capital leases, accrued expenses and accrued compensation of approximately $4.5 million and is expecting to receive legal notifications for non-payment of amounts owed.