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german dak more crooked than otc
important reading from recent K..........
All of these paragraphs can be found in the last K released by DNAP http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3370094
We also face serious competition from competitors in the forensic DNA testing
market, consumer DNA products market and the contract services outsourcing
market which we are also a participant. Accordingly, we may be unable to compete
successfully with our competitors in said markets to generate revenue
significant to sustain our operations.
We may never become profitable and continue as a going concern because we have
had losses since our inception which may negatively impact our ability to
achieve our business objectives. We may never be able to reduce these losses,
which will require us to seek additional debt or equity financing that may not
be available to us.
Our independent auditors have expressed doubt about our ability to continue as a
going concern, which may hinder our ability to obtain future financing.
We may need immediate funds and may not be able to obtain any additional
financing in the amounts or at the times that we may require the financing or,
if we do obtain any financing, that it would be on acceptable terms.
Accordingly, we may have to curtail our business if we cannot find adequate
funding.
We currently have no legally binding commitments with any third parties to
obtain any material amount of additional equity or debt financing. However,
management intends to continue its relationship with La Jolla Cove Investors,
Inc. and it will continue under its agreement to receive funding totaling $8
million. As of December 31, 2004, La Jolla Cove Investors, Inc. (LJCI) converted
$310,000 of convertible debenture into our common stock and exercised
non-detachable warrants to purchase 4,650,000 shares of our common stock. The
combined transactions resulted in us receiving cash of $4,752,169 net of
$397,831 of cash stock issuance costs. We also received $255,000 prepayment for
future warrant exercises. It is anticipated that the minimum conversions of the
outstanding debenture into common stock and the related exercise of the
non-detachable warrants will fund our operating activities through 2004 and that
together with the additional funding anticipated to be received from Dutchess,
our operations will be funded through 2006.
Despite the LJCI financing, we may need immediate funds and may not be
able to obtain any additional financing in the amounts or at the times that we
may require the financing or, if we do obtain any financing, that it would be on
acceptable terms because of the following:
- we have no assets to pledge as security for the loan
- we are in poor financial condition
- we may be viewed as a high market risk
Our failure to obtain sufficient additional financing could result in the
delay or abandonment of some or all of our development, expansion and
expenditures, which could harm our business and the value of our common stock.
you forgot the part about................
fully exploited technology/products have no market or revenue. it's a dog.
you forgot the vague and ambiguous language concerning future possibilities in research, potential markets, fda approvals, superior competition, etc - no dates, no time tables, no promises, no nothing. it's a dog.
you forgot the part how share price goes down repeatedly on supposed good news and suicidal financial arrangements.
you guys intentionally forget a lot of stuff. it's a dog.
we have you full of crap too
gee.... tell us what it means. (lol)
you do that a lot, huh?
eb...............
.
Your paranoia is getting the better of you. I am not dr. fru nor will I acknowledge him. It appears he is imformed with irrational leans.
no team............................
.
All of DNAP K's are the same - lies, theft, kinky sex with the shareholders. I was just pointing out how important these incredible officers are to this "industry leader" and the imperative nature of their survival and corelated company success. (LOL) A .0001 share price is coming.
more subtle stick beatings??????????????
Hilarious!
If we are unable to retain the services of Ms. Monica Tamborini or Messrs.
Richard Gabriel, Tony Frudakis and Hector Gomez, or if we are unable to
successfully recruit qualified personnel, we may not be able to continue
operations.
Our success depends to a significant extent upon the continued service of
Mr. Richard Gabriel, our President and Chief Executive Officer, Ms. Monica
Tamborini, our Chief Financial Officer and Chief Operating Officer, Mr. Tony
Frudakis, our Founder and Chief Scientific Officer, and Mr. Hector Gomez, our
Chairman of the Board and Chief Medical Officer. Loss of the services of Ms.
Tamborini or Messrs. Gabriel, Frudakis, and Gomez could have a material adverse
effect on our growth, revenues, and prospective business. We have employment
agreements in place with Ms. Tamborini and Messrs. Gabriel, Frudakis, and Gomez,
which are incorporated by reference from our Form 10-KSB, filed March 30, 2004.
We do not maintain key-man insurance on the lives of Ms. Tamborini or Messrs.
Gabriel, Frudakis, and Gomez. If Ms. Tamborini or Messrs. Gabriel, Frudakis, and
Gomez were to resign, the loss could result in loss of sales, delays in new
product development and diversion of management resources, and we could face
high costs and substantial difficulty in hiring qualified successors and could
experience a loss in productivity while any such successor obtains the necessary
training and experience. In addition, in order to successfully implement and
manage our business plan, we are dependent upon, among other things,
successfully recruiting qualified personnel who are familiar with the specific
issues facing the deciphering of complex genetic traits. In particular, we must
hire and retain experienced management personnel to help us continue to grow and
manage our business, and skilled genetic technicians to further our research and
development efforts. Competition for qualified personnel is intense. If we do
not succeed in attracting new personnel or in retaining and motivating our
current personnel, our business could be harmed.
<PAGE>
WSTM............................
uncx.............................
.
ever wonder how many people you talked into "investing" in this crap stock with your bs? you need tell them how fine their decision is now. if the share price is .006 or less right here, imagine what it will be once they unload all of those new shares with all the warrants and convertibles coming. a real orgy, baby! bend over.
I find it entertaining how..................
.
DNAP always notes how they do not incorporate cost accounting in any analysis of their products, technology, sales, or marketing. They offer some ridiculous excuse about how they are a research company bologna crap. But if in business or any kind of manager whatsoever, you must know your costs above all else. They must not be in business or management of any kind, I guess. Then what might be the purpose of this "industry leader"? This pos is a bad bad joke.
unxc.............................
.
Yer the guy who knows everything. I netted 34% on my last DNAP trade. How much did you lose, pumper? Don't you and yer buddies have something several years old you can cut and paste that'll make it all better?
dorsey........................
.
I doubt anyone wants to see people clobbered by these crooks. It's easy to throw a jab when your friends here have called those of us with a negative bias liars and worse.
Many very valid points have been raised about DNAP behaviors and practices. None are good. Many positive posters here have defended, pumped, touted, and lied for these thieves - ignorance or intentional does not matter any more. Most who "invested" probably have to stay "invested" now. That sucks.
Good luck
what were they gonna say................
.
we are scamming you? we made a mistake? we didn't research the deal? we are a bunch of goofballs?
you guys just keep on making excuses for these crooks.
extreme................
.
Don't you think it odd all this was not considered before even announcing the last contemplation of the deal?
What purpose could BioFrontera serve to DNAP if it did not fit and meet all criteria necessary for successful business companionship? Look at all the little lies surrounding the match.
It seems the aim is solely to acquire a new entity in which to bond. What purpose could that serve? Why does DNAP always include their 'gotta have the new share distributions or you are destroyed" phrase in reports? These are questions you should be asking.
This pooch is screwed big time. .0001 is coming.
frog.............................
.
Very good post.
If I am going to be part of any kind of conspiracy I want to belong to a leopard-skin thong wearing ultra gay sorta big pharma conspiracy.
I told you so eom
stockboy..........................
.
In other words, this company doesn't have diddly-squat and has to sponge from the name of someone else to keep the scam alive. .0001 is coming. If that was a copy of a pr this thing is sicker than I thought. Death is absolutely certain. What a joke!
take a peek at DSS, FONR eom
now that's funny eom
OT: mac....................
.
Yeah. I'm doin' alright, I guess. Stupid lungs.
you guys are funny eom
scan idea.........................
.
multiple macd event results for todays close:
DFTS Defense Technologies NASD 0.110 0.120 0.110 0.120 247300
HOM Home Solutions Of America Inc. AMEX 1.670 1.700 1.620 1.620 177900
NESS Ness Energy Intl NASD 0.220 0.228 0.210 0.220 470360
OWENQ Owens Corning NASD 2.320 2.400 2.250 2.400 114092
PYXP Pony Express U.S.A., Inc. NASD 0.025 0.040 0.025 0.040 113235
SMRA Somera Communications, Inc. NASD 1.410 1.550 1.410 1.520 205918
WDAM World Am, Inc. NASD 0.161 0.190 0.161 0.190 155800
ZHNE Zhone Technologies, Inc. NASD 2.700 2.780 2.650 2.700 528731
Count: 8
This is just one example of the funny business...........
going on with DNAP. They allow TBF to buy close to 5 million shares at a 61% discount off the market. That allows TBF to short the stock for a free 61% gain. Nice, ain't it? They do this stuff all the time. Anywhere you see convertible debenture, placements at a discount, or warrants in these reports, consider yourself getting screwed.
AGREEMENT WITH TAMPA BAY FINANCIAL, INC.
On June 24, 2003, Tampa Bay Financial, Inc. exercised a right to purchase
4,763,662 shares of our common stock at a price of $.05 per share. Because the
fair market value of our stock was $.082 at the date they exercised their right,
we have recognized $152,437 of expense during 2003. This amount has been
reflected as a settlement expense as this right was granted to Tampa Bay
Financial in connection with the termination of their funding agreement. In
accordance with the terms of this agreement, Tampa Bay Financial, Inc. retains
the rights to purchase an additional 14,786,018 shares of our common stock at a
price of $.05 per share at any time through February 2005. These shares remain
in escrow pursuant to such agreement.
debt is supposed to be.................
.
just $3.3 million. The killer is the new shares being given away to bedfellows and loan sharks. Last K states that number is over $16 million and rapidly climbing. Considering this company has no real value, those numbers are catastrophic. They only turn six figures in annual revenues with all technology fully exploited.
ann...........................
.
I wouldn't doubt it at all. But it would be a photo three or four years old, huh?
yes. sorry. ann. my bad eom
wow. yer too clever for me.................
aren't ya gunna cut and paste something three or four years old today? the share price needs some help.
oh, sorry. you must be short (LOL) eom
yep. ya ain't makin' money here eom
OT: snap........................
Sorry. I was not aware Washington was a "Huskies" too. My bad. Washington will be back too.
OT:snap............................
.
I'm a UK Alumnus, although living in Louisville, and working for the UL baseball program from 1998 through 2001. Local people are sky high as is the whole atheletic department.
I went to high school for a while in Saybrook, Connecticut. Are you familiar with that area? I had the Huskies going to the 8 cut. Too bad. You guys will be back.
GO UK WILDCATS!!!!!! happy merry Easter eom
at $400 a pop, that's only $5.20mil..........
that demonstrates limited practicality and use with only a couple thousand sold each year. open a hot dog stand and turn better numbers.
the year 2000? (lol)......................
What has share price done since this grand announcement?
dorsey....................
.
You are too much. And quite comical.
I get paid by the public schools here for confusing teenagers with mathematics on a part-time basis. I'm retired from a Fotune 500 company. I am a part-time technical trader. And I post on Ihub to share opinion on two topics: Technical trading and now, DNAP. You are my friends. Why are you so negative?
I told you DNAP was going to go up pretty good. But DNAP drowned the move with new shares and it flopped. But the move was big enough to make money - almost 50% if nimble enough.
I told you the BioFrontera deal was a huff. It was.
I told you Dutchess was still on. You haven't seen otherwise and questionable volume appears "in-between" on a regular basis.
I told you DNAP was still unloading new shares from way back. Ammended reports have increasing outstanding share quantities each time.
The list goes on. I'm not lying fella. I'm your friend. You are just having trouble through the denial phase in accepting DNAP has pulled you pants down.
OT:investo...........................
Howdy!
MLXO - It appears new volume was administered most of February and early March. If it continues today, it is using a distribution method I cannot see in the charts. For the near term, the stock looks to suffer. If you were to hang candles a bearish formation completed Thursday. Of course, MXLO is an otc issue and technical conditions can rapidly change.
How's it going? I still have a finger in CDVJ, although not exactly by design. My full order never executed. They too have made massive strides in new share distributions. That's how these companies make money - sell new shares.
Sorry for not responding to your email. That box gets many messages a day. Answering all the mail would be very time consuming.
Good luck with all you do.
GO UK WILDCATS!!!!!!!!!!!!!
easy
wow! 2-3000 indivuduals a year (wink) eom
this appears as skew and uneven.............
playing fields will ultimately result. Only the big boys really play. They will be forced to participate or march to others drums. Such is life in business........ as if Gates and peers do not have enough. Beta or VHR? The one with money wins.