(worktoplay) Round and round we go!
Firstly, why won't you answer my question directly? Did the man lie to his shareholders or didn't he? If you answer "no", then we can continue this debate. If you answer "yes" then....you'd be telling the truth!
Secondly, I didn't ask for some ridiculous philisophical scenario. Why would you plan a vacation to an area where wildfires have been burning for months? What are you talking about? RUBBISH!
Let's use facts as our foundation to make this conversation flow smoothly. This is all taken from the January letter to shareholders. I've bolded the important parts because that seems popular on this board.
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Management is not the target beneficiary of the plan, and it is an opportunity for each of you to do what George and I have been doing for
the past year.
What is the warrants plan? This is a mechanism by which we can raise funding to help us reach self-sufficiency.
Each shareholder as of a set date, which is yet to be determined but will be very soon, will acquire the right to purchase a unit which is comprised of shares and a warrant. The warrant gives you the option to buy another unit if the price of DNAPrint stock makes it profitable for
you to do so, and so on. It is a means by which we can make it profitable for you to invest in the company, and for us to raise operating capital. If you want to
have access to the warrants program you will need to be in possession of your shares as of the set date for the plan. The idea is to make the plan profitable in
the short term for investors, but if you are a long-term investor you will benefit by being among an exclusive group of people able to maintain and possibly
grow their position at discount to market. If you are a short-term trader, since the shares would be registered, you could possibly profit soon after purchase, depending on our share price. The shares purchased would be registered and freely trading.....
Wait until you see the warrants plan. I think you will be very pleased. The final details have not yet been worked out, but it is designed to make it profitable for
you, the existing and loyal investor, to fund DNAPrint and profit in the process. I'll put it this way: I am an investor in DNAPrint, and though I will not be able
to participate in the warrants plan, I am excited for what it could do to our market cap and cash position.
However, since the warrants plan is to shareholders themselves, it does not require this approval so we are going to execute it as soon as the increase in shares is
approved, if it is approved.
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Now explain to me how this wasn't a lie!
_spook
sweeterthanhoney
AI
