DNAprint Genomics (DNAG)

[frogdreaming]

retro, It would be very close to the edge, so close as to be unreasonable, even ridiculous.

However, the alternatives seem to be just as unreasonable. $35 Million from the sale of shares with a current pps of less than one cent (assuming that the pps WON'T drop due to the dilution) will require three and a half billion shares. That's unreasonable.

The purchase of any number of shares by Dutchess at a discount of only 4% (to sell for a profit), is unreasonable, as the pps drops more than that as a direct result of the dilution from the issue of those same shares.

The purchase of only $5 Million dollars worth of shares at present prices (0.007 x 96% = .00672) converts to about 750 million shares, or 50% of ownership.

The purchase of only $2.7 Million dollars worth (the initial payment in the Biofrontera deal) yields 400 million shares, more than all of senior management combined.

I obviously don't know if there is an agreement to transfer ownership, I just can't see how even a fraction of the announced financing can occur without ownership transfering whether planned or not.

It is all well and good to suggest (as some have done) that a rise in pps will occur and answer all the nagging questions, but if that is the plan why are they talking about another 1.5 billion share authorization?

Too many questions....zero answers.

Is it just my imagination or is there the sound of a clear but faint drumroll in the background as we all wait for the denouement?

regards,
frog