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Saturday, November 06, 2004 4:34:16 PM
Perhaps you have some insight into the following question.
If there are no ramifications of DNAP ownership at stake in this transaction, why does it include the addition to DNAP's board of directors?
Who has the right to force a change to that structure?
The board of directors is elected by voting shares. It takes major ownership to appoint a member. What party in this transaction has any influence over DNAP as a result of share ownership? Biofrontera?...They have zero ownership of DNAP, and yet they are apparently providing a board member.
Is there any one else who has a major stake in DNAP as a result of this deal.....A stake big enough to get a board member? What about Dutchess....who will own a minimum of 30% of DNAP at the outset of this deal? Hmmmmm.
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