Wednesday, March 02, 2005 12:34:54 PM
They said that they were going to sell shares that they didn't have to a company for $35 Million dollars. The sum total value of DNAP at the time of that revelation was $10 Million dollars. That is chicanery.
The company that is supposedly being bought is giving up all control of itself for an initial input of $2.7 Million dollars. Oh really? Do you think they knew it was BS from the start and were just playing along? That would be chicanery.
Try to explain the installation of the new board members without even SEC approval of the registration, let alone any money changing hands. Possible chicanery?
Try to explain Tony's disingeneous DD 'discovery' of Biofrontera technology weeks after the deal has been announced. Aren't clever people supposed to do their DD before they make commitments? Not necessarily chicanery but at least stupidity.
As to the obscene spoils...those exist only in your fantasy.
And as to the patents..
They are the single most important ingredient in DNAP's quest for not only acceptance, but undeniable recognition of their progress.
If that is so...then they are doomed.
regards,
frog
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