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Re: frogdreaming post# 20333

Thursday, 01/06/2005 11:38:26 PM

Thursday, January 06, 2005 11:38:26 PM

Post# of 82595
frog...In the Biofrontera agreement, Gabriel and Tamborini are listed as owning 12,600 common shares each. Given that prior to DNAPrint coming to the table (and that's where we currently stand) there were approximately 1,870,000 shares outstanding (the exact number is in the filing I'm just too lazy to look it up right now...lol), their combined 25,200 shares of Biofrontera would equate to about 1.3% of the total.

Their ownership interest in terms of share ownership would appear to me to be consistent with the <1% each statement.

That's all I can tell from the filing...and I agree it seems odd that they would be listed as "major investors" based on such little interest.

Later,
W2P