DNAprint Genomics (DNAG)

[frogdreaming]

That is not quite true.

Dutchess promised to lend $35 million. Not 43.

Nevertheless the terms were straightforward from the beginning. It was known to be a convertible debenture from the start. The terms were laid out in the DNAG filings.

They were to provide cash and be given stock in exchange. They would provide as much cash as was asked for up to $35 million. All DNAG had to do was provide the shares in exchange.

The reason that there was only $8 million dollars provided is that was all the shares were worth that DNAG provided. If DNAG had more shares today, Dutchess would be glad to extend the line of credit up to the $35 million.

DNAG knew from the start how the money would be obtained. They knew that whenever they asked for money and provided Dutchess with a 'put', that Dutchess would short the shares into the market (legally) and replace those shares with newly printed shares provided by DNAG.

The DNAG filings specifically report that Dutchess will short shares. They knew about it from the start, there was nothing deceitful involved.

The sooner that Dutchess' stake in DNAPrint can be purchased, the better.

Good luck with that. Don't forget to get an appraisal on the assets first.