DNAprint Genomics (DNAG)

[frogdreaming]

gunnabe, You wound me with innuendo. LOL

Truth is, I don't track that stuff myself. I read it sometimes when it is posted here. Most of the time I respond to the interpretations of others when they post them.

Given my recent interest in the 'coincidental' occurances of the last few days, I was curious as to how much short term influence that DNAP has over LaJolla's effect on the market. As you have pointed out, correctly I might add, LaJolla applies to receive their shares on a monthly basis per their own schedule.

However, there is a clause that permits DNAP to reject the application at any time they wish if the pps is below .025. So in theory they could reject the transfer if they wanted and just pay the interest to LaJolla for the month.

In the event an election to convert is made and the volume weighted
average price of our common stock is below $0.025 per share, in lieu of
permitting the conversion and issuing our common stock, we have the right to
prepay any portion of the outstanding Debenture that was elected to be
converted, plus any accrued and unpaid interest, at 110.0%.

I wonder if this has ever happened?

regards,
frog