DNAprint Genomics (DNAG)

[frogdreaming]

Dutchess is owed $6 million dollars.

The entire value of the company is not worth that much. What can Dutchess do?

In order to dump shares into the market for their pay, which is what they do, Dutchess needs a higher share price. To get it they need to have the companyrestructured in some manner that reduces the number of outstanding shares and increases the pps. Only then can they realize their money.

They have already done a reverse split without much success, so they need to try something else.

All of the assets of DNAG are controlled by Dutchess as they are owed more than the entire company is worth. Therefore Dutchess permission is needed for the restructure. Not their faith, their permission. As they have no other way of retreiving their money, do they have much choice.

Taking all of the 'pretend' assets of DNAG and rolling them into a new entity provides a number of opportunities. It allows them to shed the existing investor base, by leaving them with the 'old' company in exchange for some token shares in the new company. It allows them to print millions of new shares in the new company and distribute them any way they want. It allows them to start fresh with a new investor base a new pps and a new batch of shares to dump.

Dutchess doesn't care what the symbol on the shares says, they just need them to be saleable. The current ones aren't.

Don't get too excited about the spin-off. You won't like what it does to your investment. I guarantee it.

regards,
frog