DNAprint Genomics (DNAG)

[Porgie Tirebiter]

Sam: While it's seems true that equity issued doesn't seem to explain the company's cash burn rate, keep in mind there is also the debt side of the equation.

In the 8-K filed last February, shortly before the company entered the "cone of silence", they list over ten million in debt obligations.

So. the destruction of wealth comes from both sides of the balance sheet.

I would imagine that cash from the debt side is no longer available, hence the reduced level of activity. The dwindling equity issues and whatever revenue is coming in is probably all that remains to support a cash flow.

Of course, I'm just guessing here.

It's unfortunate though that we have to guess about the financial status of a publicly traded corporation.