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Johnny, is this already included in the current O/S or will the O/S incresae when these options are excercised?
Precious, have you heard from anyone at DNAG? Its been a while. Can you drop by and see if we're still in business. Thanks a lot.
It seems like everyone on this board is intelligent and there is no need for immature posts. Whether you are pro DNAG or con DNAG, we can all post relevant information on this board. DNAG has both pros/cons and we all know that. We are all aware of its acheviement with some of its technology and its fumbles with financing and PPS. There are quite a few of you that I look forward to reading their posts when I log in. I just hope that this board doesn't deteriorate with its informative posts of both pros/cons of DNAG.
I would like to see 2008 bring some movement with our pipeline, at least one going to clinical trial.
Monica got paid twice as much as Karen but she also held the COO title too. Did she do anything?
So it seems like their 2007 salary is higher than previous years but a portion of it has been deferred until the BOD determine a date to pay them. So in reality they are getting paid less cash now, but have options to be paid to them in the future.
Wrl, can you tell me where I can find the salaries for the officers of DNAG? Any links will be appreciated.
Ann, what do you mean?
Precious, have you had a chance to speak with management lately?
Altarboy, the Bioserve alliance, DNA Direct, Beckman agreement, Not for profit company are all great strategic moves but we haven't seen any results yet and I think the share price won't increase until then. According to this article DNAG wll analyze the 600,00 samples:
Genome Technology Online mentioned the new partnership between DNAPrint Genomics, Inc. and BioServe, a company that offers “the Global Repository®, a growing library of over 600,000 human DNA, tissue and serum samples linked to detailed clinical and demographic data from 140,000 consented and anonymized patients from four continents.”
As part of the partnership, DNAPrint will analyze the 600,000 human samples in the Global Repository using the ANCESTRYbyDNA test. According to Richard Gabriel, the CEO and President of DNAPrint Genomics:
“By removing the question of ancestry from a clinical sample researchers can more readily evaluate which medicines will produce side effects within certain ethnic groups, and which medicines will work for the widest spectrum of a population.”
The CEO of BioServe, Dr. Kevin Krenitsky, stated in the press release that “now that we are able to add the genetic ancestry component to our samples, a new layer of sample data quality and analysis can be provided that was not previously available to researchers.”
An order of 600,000 ANCESTRYbyDNA tests will be quite a boon for DNAPrint Genomics, which has been actively seeking markets other than traditional genetic genealogy consumers. And it is possible that this initiative will create a demand for this type of data in many more studies of biological samples.
http://www.thegeneticgenealogist.com/2007/10/18/dnaprint-and-bioserve-600000-genetic-genealogy-tests/
If we can see an increase in revenues than I'm sure the PPS will incresae. We also need to see how DNA Direct will affect AncestrybyDNA products. I don't know what the Beckman agreement and the Not for profit company will do yet. Hopefully the company will let us know.
Shares are still issued for services and consulting agreements.
There shouldn't be another reverse split. I did some research on the previous reverse split and this is what I found. The previous reverse split was approved by shareholdes at the 2005 meeting. At the time the outstanding shares were approaching 1.5 billion shares and DNAG just signed a contract with Dutchess for the $35 million but they did not have sufficient shares to issue to Dutchess therefore a reverse split was required in order to get the capital from Dutchess. Since now DNAG is done with "toxic financing" there shouldn't be a reverse split.
"In order to use our $35 million funding facility with Dutchess Equity Partners to fund our operations and complete future acquisitions, we had to restructure our capital. During our 2005 annual shareholders meeting, we received shareholder approval for a reverse stock split. Pursuant to the reverse split, every 20 shares of common stock issued and outstanding on July 12, 2005 was combined into one share of our common stock. The number of shares outstanding at July 12, 2005 after this reverse stock split was 63,442,890, and the number of authorized shares remained at 1,500,000,000. Also, the Dutchess Equity Partners financing facility required us to register a sufficient number of shares that can be issued to Dutchess in return for up to $35 million in cash over a two-year period. These shares were registered during July 2005."
http://www.thomsoninvestortools.com/component/firm/msn/resources/asp/getReportPdf.asp?docKey=168-06668186-6FBF2OR1QAI063CAJ6TUI28OH0&docType=PDF
Look on page 51.
If I'm intepreting this wrong someone let me know.
Genome Technology Online mentioned the new partnership between DNAPrint Genomics, Inc. and BioServe, a company that offers “the Global Repository®, a growing library of over 600,000 human DNA, tissue and serum samples linked to detailed clinical and demographic data from 140,000 consented and anonymized patients from four continents.”
As part of the partnership, DNAPrint will analyze the 600,000 human samples in the Global Repository using the ANCESTRYbyDNA test. According to Richard Gabriel, the CEO and President of DNAPrint Genomics:
“By removing the question of ancestry from a clinical sample researchers can more readily evaluate which medicines will produce side effects within certain ethnic groups, and which medicines will work for the widest spectrum of a population.”
The CEO of BioServe, Dr. Kevin Krenitsky, stated in the press release that “now that we are able to add the genetic ancestry component to our samples, a new layer of sample data quality and analysis can be provided that was not previously available to researchers.”
An order of 600,000 ANCESTRYbyDNA tests will be quite a boon for DNAPrint Genomics, which has been actively seeking markets other than traditional genetic genealogy consumers. And it is possible that this initiative will create a demand for this type of data in many more studies of biological samples.
http://www.thegeneticgenealogist.com/2007/10/18/dnaprint-and-bioserve-600000-genetic-genealogy-tests/
sam, I am an investor. I am long dnag but honestly I am becoming a little weary. some agreements that have been made previously by dnag has not come to fruitation. I also was not pleased when the o/s went from 644 to 670 million. I hope some good news comes out soon with the agreements made with good revenue.
were these recent partnerships or previous ones from years back? thanks.
Thanks Precious for the info.
OT: Precious, check your email. I asked some questions that I hope you can answer. Thanks.
I tried calling the TA but the number was busy. Has anyone else tried to see if the OS increased?
dmceng, so what signals are the MM's saying?
johnny, its great to hear everyone is using DNAG's technology but how does that benefit DNAG? Does DNAG have patents on them? If they do shouldn't people be paying royalties to DNAG by using their technology? i just hope we're not figuring out all this new technology just so others can just smooch off of DNAGs hard work.
OT Interesting post on purchasing OTC stock. I think DNAG is one of the few real companies out there.
THE BASICS
BEFORE YOU BUY AN OTC PENNY STOCK
There are several key areas to look at when doing DD on an Over-the-counter pennystock. And it doesn't even include looking at the financial information.. . that is the leastimportant thing to look at.
Share structure and distribution is the FIRST place our eyes should go when looking at an OTC stock. Don't even READ the news until you know whether or not 5 million shares were sold at .005 to a company in the Cayman Islands.
If so, you can rest assured that there will be heavy selling on any run up, as each new buy is met with an insider sell. And the stock will probably then get heavily shorted near the top. . and driven down to nothing. . and I do mean NOTHING.
And if the company does not report their financials to the SEC. . .RUN AWAY. Don't even consider them, because they will surely rip you off any way that they can. And if they SAY that they will soon be reporting their "audited" financials. . .run even faster. . .this means they have NO INTENTION of filing with the SEC. And even if they say "we will be filing with the SEC" or even "we HAVE submitted our financials to the
SEC." DON'T BELIEVE THEM.
MDCE put out a half dozen press releases telling shareholders that they
filed their financials with the SEC. . .but somehow. . .as if by magic. . .they have never appeared on the Edgars.
This stuff is the BASICS of penny trading.
SECOND, look at the HISTORY of the stock. . .was there a reverse split or reverse merger in its past? If so, there will probably be more problems or more reverse splits in the future. How long has the company been in business? It is one thing for a company to come up with an idea. . .it is CLEARLY another for same company to figure out a way to successfully market that product or service. . . and it is another thing yet, for the company to properly manage their money.
Take down the names of the officers of the companies, the investor relations people or firm and any other important parties. . .and do a "entire website" search at the SEC. This is not an Edgar search. . and can be found on the main page of the SEC, which EVERY penny trader should know very well. If your party comes up in the search, you can know their history. . if not, it does not mean they are "clear". . .they still could be under investigation or have played a smaller role in other scams, etc. . . .or just have never been caught. Be UN-trusting as a defense to loss and you will increase your chance at gains.
The easy way to do searches on SEC is to use "adj" between names like
John Smith. . ."john adj smith" . . if it is an odd last name, it should be fine by itself. . "stephanapolous" or "gianapolitana" or "santodominguez" etc. . .otherwise use adj on firm names like "La Jolla adj Capital" or "La adj Jolla adj Capital" . . this will keep the thousands of uses of "capital" or the city "La Jolla" from coming up in the search. It means literally adjacent" words.
THIRD, read the press releases with a cynical eye. . . if they say that the industry is reported to generate 14 billion in revenues each year and we estimate that our revenues in the coming year will be between 40 million and 60 million dollars. . .. RUN away.
If there is no LOGICAL and detailed explanation of HOW the company plans to make ANY money. . .then they don't. . . they just plan to sell shares. . to you? . . hopefully NO. . to the suckers that don't have a clue what they are doing. ANY reports of "projected" revenues should be based on PRIOR performance. . .if not, it is just a pie-in-the-sky arbitrary number picked out to make them look good to prospective penny traders.
If the company headquarters is in Vancouver, Boca Raton, La Jolla, Denver or Las Vegas. . . . RUN AWAY. There is an old saying in the record biz, where thousands of demo tapes are sent every week. . . "if we reject 100 percent of those wanting a record deal, we will be correct in our decision 99 percent of the time. . .and that ain't bad"
By catagorically denying ANY company hailing from these cities, thus
rejecting 100 percent of them. . .we will be correct in our decision 99 percent of the time. And that is not bad.
Other suspect cities, which would require EXTENSIVE DD to justify,
include New York City, Dallas, Houston, Palm Springs or other cities of the Coachella Valley, Ft. Lauderdale or other cities in South Florida, any city in Nevada, ANY city in Canada where everyone can short-sell penny stocks, any other "resort" city. . .
If Gucci has a store there. . .then chances are your company does not
operate a 50,000 square foot building in the same town. . but rather is just one of many operations out of a small office there.
FOURTH. .INVESTIGATE. . . A good way to find out about the company? CALL THEM. NO, I don't mean to call the number they provide you. . .I mean call the local area directory assistance and ask for the company name. . . I have even gone as far as asked for the numbers of each of the officers of suspect companies, only to find that NOBODY had a listed number. . not even the company.
If the company has an unlisted number. . .think about it. . their customers or clients will not be able to find them. . they are absolutely bogus. If the CEO or his wife answers. .or there is a baby crying in the background. . .guess what? The company is being run out of the kitchen table of a house, and they want your money. . .why?
There are bills that need paid, that's why.
Another good trick, is to offer to visit the company headquarters on
short notice. . .say something like I will be in town first thing in the morning and would like directions to the company headquarters, so you can report back to your thread on AllStocks.com . .yes they all read our threads.
If they say the company is moving, under construction or give ANY reason whatsoever for not allowing you there. . . you have your answer. . they are bogus. .don't believe them. . .if they offer to meet you elsewhere or to guide you in. . . decline and say, you may be late and insist on getting precise directions to the company headquarters. You will be amazed at the number of companies that will refuse to tell you.
If you are still interested in the company at this point. . .then you must ask yourself how much you are willing to lose. . . if you are "investing" 2,000 or more dollars, then go to Southwest Airlines website on a Tuesday thru Thursday and book a 33 to 99 dollar "internet special" flight there and go and see them for yourself. For just a same day trip. . or overnight if you feel adventurous. . .for just a few hundred bucks. . you can get a first hand account of where your money is going.
If they sell goods. . .you want to see the warehouse, shipping, receiving
department. . .it should be impressive. . even if it is tiny. . if they sell services. . you want to see the laborers performing these services. . .if the company is nothing more than a small office with no laborers, because they "farm out" or their workers work "out of their homes" . . .RUN away. That is a lie. . the company is in business just to sell shares. In which case, be sure to note the leather interior of the CEO's car. . because that is what your 2,000 bucks bought.
Note the name or names on the door. Instead of the company name, does it say "capital.. .equity. . .investor. . .relations. . .financial". . etc??? Do
you know why? Because they operate NUMEROUS companies from the same office. . . in which case, your presence is not only NOT WANTED. . .it is threatening to their livelyhood.
If that is the case, I would not bother to even enter, as it may be a
potentially dangerous or threatening situation. . . I would turn around and never look back.
But here is the part of penny trading that is the most important of all.
. .and what I expect from each of us here on the fishing thread. . . when you have information about these companies like that described above. . and someone else is getting suckered into the same company. . . have the decency to tell them.
You don't need to go on the thread and tell eveyone they are invested in
a bogus company. . .chances are good that they have already figured that out. . . but in the course of daily discussion, when the name pops up. . and you can shed some light. . do not hold back.
If they were unlisted. . say so. . if they have convertible debentures
from an offshore placement. . say so. . .if there was a 1 for 100 reverse split a year ago. . .say so . . etc etc etc.
Not every company on the OTC or the Nasdaq is bogus.. . . but as I said
on the Scammy Awards:
Welcome to the Over-The-Counter market of Electronic Bulletin Board and Pink Sheet stocks.
Out of 100,000 issues,
90,000 are scammys
9,000 are clueless
900 are really trying
Leaving 100 that might be worth buying.
johnny, i see you post a lot of information and links regarding DNA. Is this just general information you're posting or do any of this have to do with DNAG?
jever0, why the sudden change of heart? are you simply out of patience or did you find out or read something to change your opinion of the company?
Precious,
Some of us do appreciate the information you bring to the table. I do not think you're here to deceive anyone but to provide information to all those who will listen. I think some of the attacks on the board is due to frustration from the company and all it has promise but has yet to deliver. With DNAG in a quiet period right now, some just need to focus on other things then the current PPS.
jever, did you shoot an email to DNAG to ask them???
Maybe they didn't have money to launch the program???
Ann,
The partnership was from 2004. Is it still happening?
We just need some more information on the recent collaborations with Bioserve, Beckman, and DNA Direct. If the partnerships can net in some decent revenue, we should see an increase in PPS. I also wonder how they're doing on the financing end. I'm guessing Dutchess won't want to wait forever for those pharma shares.
It says Dutchess has the right to exercise the 30% right, but they haven't. If DNAG was going down, they'd probably exercise that right by now. This was already stated in the 2nd qtr 10Q.
The 10q did not mention the launch of doggieDNA.
Who sold 253 shares to bring it to .0049? Thats like $1.24, plus an average of $7.00 commission. You'd be in the hole like $6.
Does anyone know the current O/S?
So what does this have to do with DNAG?
Johnny, what does deCODE have to do with DNAG? Doesn't DNAG already have the technology to predict eye color? Isn't the technology patented? Will deCODE infringe on this technology?
It looks like DNAG is in quiet mode. Lets hope the next few weeks, there will be news on the financing and also with the Bioserve agreement. When do they usually put out their 10q?
OT: Precious. I asked my questions. If you can respond, I'd appreciate it. Thanks.
bag8ger, i would agree with your assessment. Sounds the same to me just like the knife example frog gave us a while back.
The 5 min video really touched me. I've fallen so far away from him these past years. I'm actually surprised to have found this board. Thanks Precious. I was checking your posts and found this.
OT: Precious, can you shoot me an email? I have something to ask you but I don't have PM privileges. jkids210@yahoo.com. Thanks.