Thanks to all who have reported back from the stockholder meeting. I can't say I'm elated with the lack of concrete good news of growing profits or the lack of news on the state of current affiliations with a "BIG" major partner. (One with very deep pockets!)
Longs in DNAP have a certain faith in Doctor Frudakis. He has been our focus and we all feel that he is thinking of us as well. I have been invested in DNAP for less time than many of you, and so missed out on investing in the early days when the price per share was North of .20. I purchased in for many shares at .10 cents and have been averaging my purchases for two years now. I have more invested in DNAP than any other stock because my belief is in the technology and the Doctor Frudakis. I'm averaged down so far that I want to cry cry cry when I see what those first .10 a share purchases would do now that were at .0197. Obviously I am not an astute trader. I still consider DNAP to be that powder keg that will launch all of us to the moon, and I'm not getting out of my seat, to run back to the terminal for a chocolate bar, 'cause I know that's when DNAP will cast aside the surly bonds of earth and leave me with a very crumpled chocolate bar in my sweaty hands and a big big hole in my heart. .., Anyway, looking at this as an investment, uyou have the choice now (as I see it):
1_ To sell out and take the tax loss, and if you want back in, pray nothing happens for the thirty days until you can buy back in.
2_ Sell out and seek greener pastures.
3_ Live with the paper loss and just wait for the turnaround.
4_ Take the opportunity to average down and bring the cost of your holding to a lesser average cost. This of course requires the funds and discipline to act rationally. Do I buy a lot more now today, or do I think the price will continue to descend and I should buy some now and some more next week etc.
It's a tough call for some and a horror story for others. I can't tell you what to do and I don't know enough to even be a valid source for any suggestion. I know I will continue to average down, and I probably will "spend all I can stand to spend in one fell swoop" And then if it goes down again, well I might be tempted to look for more funds from another stock to put over in DNAP.
I believe in the company, I think Doctor Frudakis is a genius, and I think he brought in a management team that is wise, knowledgable, and businesslike. Unfortunately, I believe the businesslike part doesn't bode well for us shareholders, because the heart in the company that was Doctor Frudakis is now in the lab. I think we'll all make money down the road, but the nature, the character and style of the company that I originally invested in has changed. That is my major concern. I first felt this when the private placement was offered to shareholders through Athena and while we who were bound by "silence" during this period, the offer that was originally profferred to us was recinded and a new and very different one took it's place. I chose not to participate and still have a bitter taste in my mouth over this "bait and switch".
Anyway, I'm still long and strong, and I believe we will eventually be rewarded for our patience. My time to dwell and participate on these boards has been curtailed by work and family considerations, and I regret that I have not been able to participate here in some effective manner. Thanks to all who gather the minutae that makes this board so worthwhile.
I guess we will all have to wait a little longer to hear the earthshattering news we all believe is inevitable. Meanwhile, thanks again for all the good company.
Stakddek
AI
