DNAprint Genomics (DNAG)

[frogdreaming]

bag8ger,

No fair bringing Ed into the argument. lol

When you buy a company such as an established small business, the assets are listed and a value established for each. Inventory, facilities, pending orders, accounts payable etc. All of these things are considered in the value of the company as well as what is called the 'blue sky' value. This is the subjective value assigned to the intangibles that go along with such a busines;, established customer base, reputation, standing in the community etc.

While the blue sky value is very important, it seldom amounts to a major fraction of the price, since the buyer could just as easily purchase all of the other accoutraments of the business and start his own from scratch. He might be willing to pay a certain premium for an established business but it will not be a large one.

DNAP on the other hand is NOTHING BUT blue sky. It owns zero assets. No facilities, no significant equipment and has no marketable IP. The forensic business at this time is still unprofitable and as yet has shown no legs.

$11 Million is a value only barely supported by the faithful investors, based on a promise and a prayer. Time will tell if it will prevail.

As to my wishes.....I wish it would live up to it's potential. Four years ago it was poised at the brnk of a new, exciting and wide open field of discovery. Today it has yet to complete a single one of it's promised contributions to personalized medicine.

regards,
frog