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.
Let's face it, again the MM's did their job very well. Hold the stock in a sub-penny trading channel until a suitable buyer comes along who can purchase the company for Hundredths of a cent on the dollar.
Cease operations and take all of the technology that original shareholders paid for over the years to keep the company hobbling along and paying it's officers, then close the doors and take the company private until the technology we paid for is ripe for reintroduction into the market as something new and sexy.
At least in Florida if you declare bankruptcy you get to keep your house. Enjoy Tony.
Frog,
Do you happen to recall when the reverse split took place? Trying to do my taxes and can't recall the when or what the reverse split was. Any Help s appreciated.
Thanks
Dan,
Being the owner of a "substancial" number of shares, and adding more to your position, wouldn't you be the first to know 'if' the company is operating properly?
Due Diligence is paramount to a sound investment. So, the question I have is why you of all people be unaware of any performance issues at the company?
Dan,
It would appear that you really chasing this one. I for one am surprised that no new shares have been issued to keep you on the low end.
I don't know what you strategy is but I hope it holds. If you find yourself in a position of influence, it would be nice to see some real revenue figures in the near future, that is unless it's contrary to DNAG's strategy to hold a low profile until some break through news is ready.
I the past I think hat DNAG found that by dribbling out little insignificant blurbs brought on the short sellers and destroyed their share price.
However, I still see some unwarrented trading by certain MM's like NITE, VFIN, etc. playing with the price and keeping it in a narrow channel.
Sure would be nice if someone at the SEC would see these vultures and their impact on microcap stocks.
Well maybe the next Administration will give the SEC a bit more clout to remove these bandits and their manipulative bilking of small investors.
I wish you all the best for a Happy new year.
Stockboy.. As the saying goes. If the horse is dead....get off.
Microcap stocks such as DNAG and others have liitle if any chance of "rocketing" to stardom. In most cases that I have researched these types of stocks will ultimately seek to bring in new investors(money)with additional shares of stock when they find the appropriate buyer.
As last minute window dressing, a few hundred thousands shares will be placed into the market to pay down existing debt before the sale is consumated.
Sadly the shareholders will be let holding worthless shares, since the company will not have capital available over and above their debt requirements.
Looks like a private company that is held by a German Conglomerate. No mention of Public stocks anywhere.
Well let's hope this 'Amended' regulation actually works. Since the original implimentation of Regulation SHO the SEC has had no TEETH in going after these broker/dealers that have ruined so many fledging companies.
I've been reading this board for 9 years... the song is the same but only the names have changed.
Good Luck
Knight has been fined before...
Finally...NITE essentially ruined this and other small stocks, unfortunately it may come too late for some companies :(
S/P $0.001 that is one HUNDRETH of a cent...at that price we couldn't even afford to print a stock certificate
Sam ...I don't offer a solution, propose failure, speculate as to the future of the company, I read what the company has done historically and is doing currently and form my own opinion based on logical steps and past experience.
I wouldn't tell God what to do or you or anyone else what to do... Dnag now being relegated to Pink Sheets may be the best thing that has happened since pink sheets are not widely traded, maybe the short sellers and other manipulators of this stock will go away and things turn around.
The science that DNAG is involved with holds great promise for getting the right drugs to the right patients with lower risk of side effects, I hope it finds it's way to the mainstream sooner rather than later.
Good Luck.
altar..I am not a lawyer and by no means would offer anything but JMHO.
But if DNAG has nothing but debt, what would you sue for? Lawsuits are expensive and when there is nothing to win you can only lose.
Well let's put it this way. In bankruptcy all debts and obgligations are paid before the shareholders receive anything.
So, if DNAG is not able to service it's current debt, liquidated assets will be used to pay-off debtors in order of priority, shareholders are last in line, leaving them with fond memories of high expectations.
When United Airlines went Bankrupt a few years back, common shareholders got ZERO.
When United Airlines emerged from bankruptcy, new shares were issued and sold to NEW shareholders. Still leaving 'old' shareholders with worthless shares or ZERO.
DNAG filed an 8-K stating that both the NNBP and Harvard agreements have been terminated.
sam1933,
Up until 2 months ago I held 175,000 shares of DNAG stock for almost 7 years.
Watching DNAG accumulate a substancial amount of debt, some how they always managed to keep their head above water with various forms of financial deals.
Development of their "products" was steadily progressing, in the last 2 years there has not been any significant break through's reported; outside of "Doggie DNA". The time lines to market have not budged.
In their last report they were in default of many obligations that halted some of their most promising developments.
I can only speculate (rationalize) that NNBP is the one who will come out on top in this deal, if and when that may or may not occur.
IMHO
I also want to point out that by no means did I provoke you into your unkind response. But have watched this board for many years I have seen certain individuals stoop to less than a cordial/intellectual banter that delivers no meaningful or scientific or financial benefit to this board.
Peace to you.
sam1933,
Exactly. There will be synergies, however, if NNBP was to offer a stock swap to DNAG Shareholders , which has 600M shares outstanding,NNBP would need to pony-up $1M at current shareprices,to buy the stock of a company that is in default of MILLIONS of dollars they would also need to assume DNAG's debt.
If DNAG goes bankrupt, then NNBP would only need to buy their assets out of liquidation, a much more lucrative scenerio for both Tony and NNBP.
JMHO
DNAGQ on it's way.....easier for nanobac to buy liquidated assets than issue boatloads of new stock, diluting it's own EPS Ect.
UMmmm...by the way where is DNAG's 10Q ??
FF777, in 30 days it won't matter if it's above .003 or not
I think that the buying is some folks loading up in anticipation of the stock swap that should amount to several thousand DNAG shares for 1 share of NNBP. With the possibility of making a half a cent per share or so on the transaction.
Given the last 10k the debt load that was in default is stagering for DNAG and NNBP will need to pick through the ashes to find any value.
Todays news is of no real value.
It would be interesting to, after all these years, know who is behind all of the trades at NITE and OLMP that force companies like DNAG into these narrow channel trades.
Since there is a consistant pattern of keeping the stock in a channel a couple of hundredths of a cent wide.
It would have to be a licensed broker who pays a couple of pennies per trade, since an average trader paying regular brokerages fees would go broke making these miniscule trades.
The SYNERGY of the combined companies will boost their ability to share resources, particularly the huge tissue sample banks held by the major medical centers that they have relationships with.
Mayo Clinic specifically owns one of the largest tissue banks in the world.
Having access to these samples will provide a DNA reference center for just about every disease known to man.
I don't see that this combination of NNBP & DNAG and their individual resources are found in combination with their ability to perform biomarker analysis is found in any other organization.
This is a winning combination.
JMHO
February 2006???? I guess we missed it. LOL
WOW, Pershing LLC has a $1000 ask on level 2. That's a first for them.
Tony F. Interviewed in January issue of Wired Magazine.
Wow..Someone just bought a million shares..maybe it's Santa?
PL1 I would hope that someone at DNAG would think that at least an updated letter to shareholders or an update timeline would reflect at least some progress on the company
Too late to trade it and 'make up' losses. ride it into the sunset.
JMHO
Wired Science(PBS)the broadcast version of Wired Magazine, hosted 23andMe, on Wednesday PM. Interesting discussion. This company, who charges $999.00 for a personal DNA analysis, requires you to FILL a test tube with saliva, and expects you to retrieve the results from their website.
Now why couldn't DNAG get on this program and show the development of the "fuzzy" photograph from a DNA sample from a simple cheek swab.
Wow NASDAQ shows DNAG down .515 ! Does this mean we owe DNAG money? LOL
Looks like the market wants an ANSWER
PL1,
Next time you run into Dr.F ask hime to update their website, including the pipeline timeframe.
Enthusiasm is one thing, however action is the most important.
Why complain? DNA testing is getting more and more press every day, which tells me that we've had the science for along time but are just now getting the recognition we sorely deserved.
We should be looking for DNAG to step up their test kit sales and building a good data base of patient DNA samples and the associated adverse reactions and position ourselves for a demanding future.
Long and holding on.
The European Cancer Organization reports that Genetics to change cancer treatment.
The treatment of cancer patients will one day depend on the patients genes.
At a meeting of the European Cancer Organization in Barcelona Spain, experts said that cancer patient DNA will determine not only which patients wil most likely develop cancer, but even those that will relapse or be suitable for specific treatments.
The presenters also explained that "we will be able to provide more effective treatment based on a patients genes and tailor treatments, which is now in use in some eurpoean countries on a limited basis".
stockholder101....a bit tense? I am only asking IF ANYONE has...
Stockholder101....never assume anything
Stockholder101 next time you call DNAG, ask for Tony Frudakis and / or Hector Gomez and see if they still work there. I am beginning to find that it's quite odd that these two gentlemen are never seen or heard from. Don't you?
I am an 8 year DNAG shareholder, still holding on but......
Interesting...HUGH buying at the close......???
Where's OVANOME?
“If we had an effective early detection tool that would allow us to routinely diagnose ovarian cancer at its earliest stage, stage I, we would expect survival for this disease to be 85 to 95 percent — in the same range as for other stage I cancers,” Leiserowitz said. “It is imperative that we develop an early detection tool for this disease.”