DNAprint Genomics (DNAG)

[johnnyfiber]

Chris...The cardinal rule in business is: "Never" use your own money to invest in your dreams. Frudakis knows this all too well...as can be evidenced by his associations with Quetzal Capital, Valley Forge Composite, Coast to Coast Equity, and World BioPharma:


http://www.secinfo.com/d11Q1u.u57.htm#Dates

http://sec.edgar-online.com/2006/07/11/0001108017-06-000511/Section24.asp

http://yahoo.brand.edgar-online.com/PeopleFilingResults.aspx?PersonID=2258818

Johnny, I was hoping you would answer my question which again is how do you feel about management granting themselves a deal which could result in huge profits for them at no risk? Does that seem fair or just to you?

"Fair or Just"

Fair...I'm not sure "fair" has anything to do with it. This isn't Wall Street but the same principles apply.

Just...If you could garner huge profits "legally" with little or no risk, would you do it? Frudakis certainly has.

Without getting into the futility of "fair and just" in the 21st century, I certainly think we can look at some of the numbers as they are always..."fair and just".

One certainty is this: Management will retain control of the company.
The question is: How are they going to do this, while reducing the # of outstanding shares? I believe the "options" granted by us, (the stockholders to management) will carry forward to the new entity (DNAPP), while reducing shares of DNAG; by granting a stock dividend in DNAPP to existing holders of common; effectively retiring shares in DNAG; giving management the same options in the new entity. JMHO

Notice the small # of shares beneficially owned by the principles to date. Why would they own common at this point?

Is this fair to existing shareholders? It was right in the filings that they didn't own many shares nor did they exercise their vested options.

You have to ask yourself:

Why is Dutchess now "investing in common" by convertible debenture? They could demand the 30% of face value for the notes in default and walk away with millions. They've already made money all along the way. Instead they "invested" in the company at prices higher than they are now.

I have to assume this is beneficial to common holders as all common will be treated equally.

Regarding the option structure being granted to management: we cannot ascertain the ramifications to common at this point other than "they will always be in control".

I am considering any price under .01 to be a bargain.