Monday, April 01, 2013 1:06:48 PM
Dan Gannon was an uninformed investor from Oregon who came into a lot of money quite suddenly. (google?)
He dove headfirst into DNAG without listening to a single word of caution from those who tried to warn him but bought into the hype from those who would not admit their mistakes. (cosmic?)He was a negligible individual in the dying days of the company and had absolutely zero effect on the plight of the existing shareholders.
After the company was completely dead.
-After the big three had printed all the shares they had and diluted the pps to nothing.
-After they had traded away ALL of the IP and remaining assets to Dutchess.
-After they had exhausted every avenue available to keep their money machine alive.
-After they had walked away.
The company was nothing but an empty shell that was seven million dollars in debt. A clean shell would have been a possible asset worth a few tens of thousand dollars. Being $7 mil in debt made it nothing but a liability.
The shareholders had NOTHING left at that point. No claims to the IP, no share of any future business. Everything of value was OWNED by Dutchess, who had paid for it fair and square.
Only then did Dan Gannon enter the picture.
You can dig into the death throes all you want and you can work through all of the machinations of Gannon and his investor group, but you will find not a single thread on which you can hang any liability to the existing shareholders.
His ridiculous promises to 'save' the company and his 'secretive' cabal to obtain the worthless IP might give you some fodder for a scapegoat, but whatever he did, he did AFTER DNAG was dead.
Hire a lawyer if you want, hire a detective, but don't expect a single 'crime' to be discovered, or any possibility of redemption for the lost investment.
Gannon is and was irrelevant.
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