DNAprint Genomics (DNAG)

[frogdreaming]

mikenickels, If you think that scenario through, it does not make sense.


I think many people 1) agree with me and 2) they believe that DNAP between now and the reverse split, will come out with some news that will push the stock at least over .10, and hopefully close to .20 at a minimum or higher. That way a reverse split would push the stock right off of the pennies and on to a major exchange. Given the risks inherent in a reverse split, I don't think any other reason warrants the move.

DNAP claims that they need to boost their share price and increase their share count via the R/S in order to finance their future acquisitions, programs etc.

If they were capable of pushing their pps to .20 or higher, given the 500 Million shares they still have in hand under the present structure, they would be able to finance $100 Million dollars via share issue already.

The ONLY reason for a R/S is that such a price is unattainable and proportionally many more shares will be needed to keep them going.

regards,
frog