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Conspiracy theories abound here but one thing that maybe a few have overlooked is there is no reason to try to get the price any lower-if you will remember that as short a time as a few months ago the share price was @ .018! Everyone has had plenty of time to buy as many cheap shares for a lifetime and then some.
I see no reason to have some large scale, well organized smear campaign perpetrated on this and the RB board faithfull just to get the price a wee bit lower. Maybe, just maybe, the share price is where it's at and dropping because there is no big news about to come out and DNA print has issued the final 100M shares that is finally and descisively being perceived as too many?
I may be completely off base here. I also don't know why people have given this Oct. 1 day as the big PR day? Monday may well indeed become a very ugly day for the share price or it may not.
Don't be surprised if somebody from the company checks in from time to time on this and the RB board(guarantee they are not here 24/7) just to get a feel of what is being said and what the general mood is- If there are roughly 25% of the investors who post or read the boards as I think one pole in the past showed of RB faithful, then why not anticipate the
board and to some extent investor sentiment and "trade" accordingly at the company?
Oh, and Ann? I am not Craig Hall.
Manti-Why do you think DNAP is in an oversold position?
Why would the scientists be dumping? If Dr. K left he certainly would be in a position to know how close the company was to any substantive news, wouldn't you agree?
Thoughts and Rumors- If it can be confirmed that Dr. K is no longer at DNAP and I am not positive it can be by his email but if it came from M. Tamborini then it could be indeed true, then a person needs to stop and ask why have two of the three founding members of the company left?(Anybody remember Dr.Kim?)
What can or did they take with them? (intellectual properties?)
Dr. Kim left early in the game but Dr. Kundragunta could have some of the keys to the store if you know what I mean.
Also, why really did DNAP change CPA's? Did M.Tamborini not work well with the old ones?
This plot thickens and I can't be sure what is fact and what is rumor anymore. Perhaps the reason for no more company newsletters is R. Gabriel put the kabosh on them-remember he now runs the company! Watching from the sidelines isn't so bad at this time- I no longer am afraid NOT to have a position in the company and wonder how many others are feeling the same way?
Comments and concerns always welcome!
bag8ger-Good one! eom.
IF TBF were still involved, I'm convinced Dick Grasso would have been named new CEO!
davia-Jim-I wouldn't call holding for over 3 years a sudden switch.If you will remember there were over half the OS's then that there are now. This further and continued erosion of my share value not just in pps but also the amount of shares issued has greatly diminished any possible gain the current share price can ever attain. Shares are obviously being printed for the purpose of just keeping the doors open and without adding any significant revenues will have to continue for the foreseeable future. Quite simply, the slice of the pie I used to own had shrunk and continued to shrink almost exponentially(not really but I think you see my point).
Had we started with only 25Million OS shares and were at say 200M today we would still be higher then most other startup
genomics companies. As DNAP is in the business of finding patterns in DNA, I too have seen a pattern over the last three years in how the share price reacts to the issuance of newly printed shares and it isn't up. I am not sure what the story is anymore(remember my "know what you own?")and therefore am in the process of "rethinking" this investment.
Since I first posted (again) a couple weeks or so ago, we have seen about a 30% decline in pps. We have seen better equiped people come on line in the last 6 months (Gabriel,Gomez,Tamborini) but how are they being paid and with what? I was here long before they were and haven't profited to the extent I'm sure they did after being employed 1 day.
I hope this doesn't sound too much like sour grapes but again I need to watch from the sidelines a while. Don't sell because I have if you see something I've missed or don't understand.
8.2M shares traded today and down to .047 at one point. I can't predict the future but .04 or lower may be coming now that .05 barrier has been broken. You have to wonder who is selling those large blocks that jabberjaws spoke about. My point last week about the PP being paid for by selling old shares is valid. You can't police how people come up with the money to buy their new shares.We are also seeing the reaction to new shares being issued
without a word why they may be needed other then further day-to- day expenses. I would also like to mention lest we forget that Dr. Frudakis is no longer CEO although he is a major share holder along with his dad. I am trying to find the silver lining in light of recent events. I also must state for the record I know longer hold any shares of DNAPrint Genomics AT THIS TIME.
That can change at any time of course depending on share price and any new or positive events that may happen.Not looking to disappoint or bash and would like to here comments on why the price won't go lower or what I've missed in recent events from the company.
Please see my posts dated 9/19-'nuff said!
Bandersnatch12-I knew you were lurking also!
bignbullish-Not a problem. Peace also.
Phil, Ann, et al-Random thoughts-I find myself scratching my head at this last PP. I thought at the last runup a couple months ago to .18 and the increased volume and all that the company had sold enough shares to stay solvent for more then a couple months but I guess I was wrong. I also believe that few people who have been here as long as you guys will buy into the recent PP-and why should they? Further dilution? And, if they should choose to invest in the PP, will sell current positions to pay for their share of the PP shares. We all know what that will/is doing to the pps.
We will soon be staring at nearly 3/4 of a Billion shares outstanding and then what do we have?
3 years have elapsed for the company and they have made some positive progress in certain areas but in other areas remain what is seemingly invisible to the scientific and investment communities. I can no longer buy into the idea that people don't understand the science and therefore are reluctant to pony up some cash. Three years ago that may have been the case but in over 1100 days, certainly somebody would have recognized the science, potential, feasability, etc. This is not a scam company to be sure but is the asking price by Dr. Frudakis for the intellectual properties and their capabilities becoming a stumbling block to any interested suitors?
While I am not completely convinced of imminent bankruptcy and the complete closing of my position, I would strongly encourage considering limiting ones exposure to the risk this investment involves at this time and make adjustments accordingly. We have started to see that aleady since news of the PP hit the boards.
It is of my opinion that TBF Corp. extracted a huge and significant share price devaluation because of the overburdensome OS's we now have and have to deal with on a daily, ongoing basis.Can DNAP recover from the enormous share issuances that plague investors to this day?
While some on this board try to spin the newest PP as a good thing, I would ask the question why is $8M gonna be enough this time when it hasn't in the past?
This is a stock that will continue to be flipped and any gains will never stick until we see that elusive PR with real $$$$ in it- not just by companies like GMED.
As always, comments may be directed in my direction irrespective of what you think it may do to my feelings.
Teamlasvegas-Don't post much anymore. Remember the good old days of only, what was it, 230,000,000 OS? Seems like just yesterday.Take care.
As we approach the magic .05 pps in the upcoming days or weeks,another PR will be issued to try and further delay that
psychological price barrier. If the PR has any material bearing on the companys financial outlook, then the price will indeed rise. If it does not, watch for the price to further drop.
If anyone doubts this scenario, please do some message board investigation and historical price research and see what conclusion you then come up with.
bignbullish-I am an original shareholder of DNAP since AUGUST 2000.You may have not seen me before but believe me when I say I know the history of the company, TBF, it's original officers, every PR, every PP,it's patents, the run up to .46 and it's subsequent departure from that lofty level,and posters on this and two other message boards. This is how dilution has historically been delt with in the past.
Here is why DNAP is down and will most likely further decline- yet another PP at the expense of original shareholders and further dilution. If anyone would want to buy into the PP, they will sell shares now held to fund this new and improved round of PP shares.I'm not bashing-just stating the facts.We've seen it before.If you've been here long enough, you know it's the truth.
Under a nickel may be a comin'-JMHO.
So what are the terms of the new PP?
Another PP? If I remember correctly (and I think I do) the share price dropped to whatever the PP buying price was very shortly afterwards. Any comments or anybody remember differently?