DNAprint Genomics (DNAG)

[johnnyfiber]

1000 hrs. this clown gets $155,000 and 3.2 million shares. At todays prices, more or less, $200/hr. My question is: Why did they throw the kitchen sink at this to make it go away.

DNAPrint changes symbol, gets sued: Yesterday, DNAPrint genomics, the genomics research and development company based in Sarasota, announced that as of today, its stock ticker symbol will official change from “DNAP” to “DNAG.” The symbol change is the result of the company’s recent stock consolidation. In other DNAPrint news, the company recently received a lawsuit with some pretty ugly claims against its top executives. The plaintiff, a Montana resident named Lonnie Bookbinder, alleges breach of contract, fraud, and conspiracy, among other claims, against the company, its CEO Richard Gabriel, its Chairman and Chief Medical Officer Hector Gomez, and a now-defunct company called Genbiomics. In the most simple terms, Bookbinder claims that the defendants essentially tricked Bookbinder into doing more than a thousand hours of consulting work for DNAPrint without compensating him properly as promised. The lawsuit was filed by attorney John Chapman of the Sarasota law firm Norton Hammersley Lopez and Skokos.
http://209.85.165.104/search?q=cache:GY1RydjOKGYJ:www.s2report.com/reports/072005/07122005.html+GABR...


On July 8, 2005
The complaint sought
damages arising out of services Mr. Bookbinder claims to have provided on our
behalf. We deny any liability to Mr. Bookbinder. We filed and prevailed on a
Motion to Dismiss the complaint because we believed it did not state a claim.
Plaintiff then filed an Amended Complaint. We have a Motion to Dismiss pending
on the same grounds as that previously filed. If our Motion to Dismiss is
unsuccessful, we intend to defend the litigation vigorously.

http://209.85.165.104/search?q=cache:9O9jwCRKjrQJ:sec.edgar-online.com/2006/05/15/0001231742-06-0003...