DNAprint Genomics (DNAG)

[frogdreaming]

The company may be in a financial pinch but that is not what we are talking about.

The principals, Frudakis, Gabriel and Gomez aren't missing any meals. They all have other income streams, not to mention the money they get from DNAG. Gomez is on several boards and consults all over the place. Frudakis has other businesses and Gabriel is a major stockholder at Biofrontera (and was so even before he came to DNAG).

The question at hand is; Why aren't they buying shares in the company with their own money? Don't they think it is a good investment, or do they not think it has bottomed out yet? Which is it?

Someone claimed, recently, that the board members were selling off their shares. As far as I can tell, that is a flat-out lie.

Of course it's a lie. They have so few shares anyway there would be no point. At the time of the reverse split the entire float including all of the shares owned by management and all of the shares owned by investors at the time, was 61 million shares. Frudakis and Gomez and Gabriel owned only a small fraction of that number. Since then they have bought none. As a historical note, you now own fifty percent more shares than the holdings of every investor at the time of the reverse split just a couple years ago. Way to go. lol

regards,
frog