DNAprint Genomics (DNAG)

[frogdreaming]

gunnabe, Good Question!

why would dutchess commit $35mill to dnap whose current market cap only = $8 mill?

Perhaps they don't have to. Consider the possibility that the $35 million value is only a PR number. As you have quite effectively explained, Dutchess cannot sell their discounted shares into a falling market and make money, therefore there is something else afoot.

Given that Dutchess must be holding their shares, as soon as they have bought up about $4 Million dollars worth (of an $8 Million dollar company) they will have gained complete and unchallengeable control of the company and they will have purchased that control at a discount to market price. At such a time they can easily change their mind on the $31 Million dollars still left in the kitty.

I would like someone to explain to me how it will be possible for Dutchess to provide the funds in question WITHOUT gaining control. Even if they didn't want it, it would be unavoidable.

regards,
frog