DNAprint Genomics (DNAG)

[frogdreaming]

gunnabe,

A few points;

- The '300,000,000 shares equals 30%' statement comes directly from the S2.( You can look it up) It is an interim state in the transaction, before all the shares are allocated, as I inferred.

- As you say the $50 million is based on the termination value based on the $25 million for 51% touted in the pr. However, the reality of the situation is that DNAP gets ALL of the shares, and control, for $2.7 million. They only promise to come up with an additional $8 dollars per share in the next two years. The shares change hands for the $2.7 million. So, as I said, the 'face' value of the company based on that figure is $5 million.

You say DNAP is worth $10 million (rounding down) I was more optimistic and said $15 million (rounding up). Fair enough.

My analysis stands.

regards,
frog