DNAprint Genomics (DNAG)

[worktoplay]

DRCAL...Don't be too quick to apologize! lol In the first place, that 400,000,000 represents 150% of the shares that would be issued at the then current price (by regulation, that's the way they have to present it in the filing - it is so stated in the notes to the table). Secondly, the actual number that would be issued is share price dependent, just as are the Dutchess shares. If the price appreciates, not nearly that many would be issued. Thirdly, I stand by my earlier argument, that if I'm Dutchess, I'm not going to purchase $35 million worth of shares at 96% of market, knowing that LJ can convert and sell immediately, thereby undercutting my investment.

Of course, this is purely my speculative judgement after looking at the various deals from a business perspective. Just don't see how any of this works without a rise in the share price (so that's what I'm expecting), and don't see how that happens if the La Jolla financing remains as is (so I'm expecting it to go away). But again, it's JMHO.

Later,
W2P