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Tuesday, June 21, 2005 11:06:11 AM
"Trace shareholders exchanged all of the outstanding shares of Trace for 25,000,000" DNAP shares.
At a share price of about .012 to be consolidated with the rest of us? Or at a price of (15 to 1) consolidation of about .16 cents a share. This would of course represent a significant difference in the price being paid. Now I do not address the .02 cents a share 5 million addittional shares. Would this be "consolidation" adjusted?
The math on this deal is not really addressed in the PR. Obviously it has gone beyond the letter of intent stage. We'll have to wait and see the appropriate filings on this, or if rhose filings are to be delayed, get some answers from DNAP about the financials involved, as there is apparentley a revenue stream from our new acquisition. It will be interesting to see just how much this "west coast" toehold will cost us. Doctor Frudakis had made the decision to locate in Sarasota, feeling the "climate" would be beneficial. This going for a toehold on the left coast may be a very viable and who knows, we might just end up benefiting greatly from this arrangement, if the two new members of DNAP are not raking us for sweet sweet finanancials, but rather willing to join in with the existing board for the betterment of all in the future. The financial details that are involved here will trll us much about the future of DNAP, and our portion of it.
Stakddek
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