Maybe you're expecting too much; is Dr. Frudakis a psychologist?
In my opinion, there are three main reasons for the recent prices per share, none of them really valid reasons:
1. A delay in acquiring the new funding they've been seeking (with the credit markets having been so tight, and poised to loosen up, this is perfectly understandable.) People are waiting on news. Also, biotech ventures can stretch the limits of human patience, and DNAG is certainly no exception. Those who lose patience tend to sell, letting others buy cheaper shares (as I'm continuing to do.)
2. Bashers have been preying on this stock for years, in various forums, and poor attitudes exist, resulting from previous declines in price per share. With a stock that's become this cheap, you always have some bitter people who bought earlier, at higher prices. Unfortunately some stock price manipulators (bashers that want the cheapest possible prices for themselves, and other sorts of schemers,) also seem to be drawn to such stocks, like moths to the flame.
3. Around a month ago there was a short-lived rally, following some positive news that came out in the days and weeks prior, including the DNA Direct sales and marketing arrangement. The rally got people excited, but was summarily squashed by some wet blanket(s) who sold millions of shares into the rally with no price limit. Poof. Lasting bitterness. Good for buyers, though.
I think the chances are greater than 50%, that DNAPrint Genomics will become profitable, and my investment will pay off in a major way, despite these factors, and despite certain people who appear to do everything in their power to poison the waters.
Playing the penny stock trading strategy that I am with DNAG, even if DNAG doesn't pay off, all I have to do is keep up this strategy, and it should pay off. 1 or 2 additional stocks that also have 50%+ odds, and my odds get pretty good. With such high potential rewards, just 1 stock like this succeeding, can make it all more than worth it. The gains can be astronomical. That, unfortunately, is one thing that attracts bashers, who want to send the stock into a near-death plunge, so they can afford to buy the largest position in the company that they can. I hope such people all get caught and punished, by the SEC, and also pursued in civil courts.
AI
