DNAprint Genomics (DNAG)

[frogdreaming]

Sorry Virgil, but the only way such a scenario makes sense is if they expect the shares to fall. Otherwise they would be much better of to leverage their existing shares via a loan. Heck they could even buy insurance, and pay less than the significant penalty they will have to pay, doing it their way.

A loan would cost them $350K for the same amount of cash and they would keep their shares and not risk anything. To sell the shares and then buy them back will cost them an extra $2 Million. Don't you think they could arrange for a better deal than that given the $1.65 Million that they would have to work with?

regards,
frog