InvestorsHub Logo
Followers 10
Posts 4220
Boards Moderated 0
Alias Born 07/10/2003

Re: cosmiclifeform post# 24026

Tuesday, 04/12/2005 4:14:18 PM

Tuesday, April 12, 2005 4:14:18 PM

Post# of 82595
Cosmic,

You are most probably right. The filing that mentions SDE Holdings refers to there being '0' shareholders, and that is impossible for DNAP.

The uncomfortable aspects of the filing are minor but annoying. SDE Holdings was the vehicle that DNAP used to obtain it's OTC listing. It was a clean, wholely owned shell. IF it is abandoned how is DNAP still connected to the OTC? Will there be a new filing?

Secondly, the OTC registered a change in DNAP status today. Whether it is the 'new' direct connection to the OTC or something else, is not clear.

Whatever the final resolution, the market did not like the news. The on-going rally was stopped in it's tracks. Whatever the news, the timing was inopportune.

regards,
frog