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Thursday, June 15, 2006 8:19:35 PM
Your excerpt is one of the main points of my agreement with Frog and its why I thanked him. If one understands how an IPO works, DNAG will still very likely have major dilution and add to the float. If the PPS goes up we would see less dilution but they would likely still need to sell shares to stay operational. DNAG could sell the Bio shares for cash but I don't think that they would sell too much because their partial buy-in bought a board seat at Bio... I would think that they would want to keep that for possible future deals/mutual interests.....selling all the shares may not mean the loss of the seat but it would not help.
Regards,
Big Blue
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