DNAprint Genomics (DNAG)

[bag8ger]

Frog,

As I read it, you get 2000 preferred shares for $10,000.

If you ever want to convert to common stock--you may not want to, since preferred has a stronger hold on assets than common shares do--then the formula applies.

The only thing I see that raises my hackles is the right to convert at no price above .061 for the seven years. This thing could be at $50.00 per share in seven years. 163,942 shares at $50.00 per share is a bit much.

Talk to me worktoplay!