DNAprint Genomics (DNAG)

[frogdreaming]

O.T. Chig

In any undertaking when the situation gets critical, high risk desperate measures are sometimes required. It doesn't matter whether lives are at stake as on a battlefield or only the score late in a football game, the same rules apply. In order to succeed you must first survive.

It is quite likely that without La Jolla, the company would be doomed. Just as before with the huge share authorization, the survival of the company was at stake.

Such measures are absolute necessities.

Having said that, however, it does not mean that the measures taken are a reason for exhuberance and celebration. We seldom throw a party to celebrate the fact that someone lost a leg on the operating table, even if the operation saved his life.

I am only trying to temper the rampant and unfounded hype that seems to accompany any moves made by the company. Hype that tries to turn even minor accomplishments into major historical events.

The funding arrangement is a desperate and high risk gamble that is fraught with danger and potential pitfalls. The fact that it was absolutely necessary does not cancel out the inherent risk.

Having added the additional risk to the equation has moved the odds of success from the backjack table to the lottery. The return is much better but the chances are lower.

regards,
frog