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Alias Born | 01/07/2005 |
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Friday, July 08, 2005 4:18:53 PM
I understand that there is nefarious intent in the market. I know it could be here but as of right now I do not think it is. I just question the r/s and Trace. Prior to the split I wrote (last sentence):
I, like many, have voted No on the R/S. Current funding for this company is fine for the short term. Releasing more shares into the market place (as needed) is a MUCH better option due to the FACT that the pps is so low. The only time I will ever vote for a r/s for this company or any other company is to get on an exchange or to get to a level (~>5.00) where more institutional investors look at you. As I have said before, for DNAP to get on a major exchange the r/s would have to get the price to 3 or 4 (depending on the exchange) due to minimum bid requirements and as of right now the minimum income requirements are too high for DNAP (this is a fact). My reasons are sound and factual to oppose the r/s. For those that are considering voting yes, please do some DD and ask the question WHY does the company want a r/s when it can not get us on an exchange. Please review this matter closely.
…I did not like writing that because I do not want to be divisive concerning the board. I would like this board to be a step above RB. As I’ve stated before questioning does not equal disloyalty. ...I don't know why they selected a 20 for 1 and gave a range (or 10 for 1)....I just know I don't like it.
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