DNAprint Genomics (DNAG)

[Porgie Tirebiter]

The majority shareholder of DNAG was not central to anything. He bought his ahares after everything had happened.

Dan Gannon came into some money (lottery winner?) who fancied himself as becoming a big player in the stock market and multiplying his fortune many times over. During 2008 he was pouring money into Fannie Mae just as fast as he was buying up DNAG. That's where I met him on-line in another place and time.

I, and others, told him his pouring money into FNMA probably wasn't such a good idea, but he had a hard head. Of course, as events played out it was the fault of "evil short sellers", and not his showing up to invest in a bubble that had already burst, that was the cause of the problems.

At the same time, he was extremely enthusiastic about the "World's Most Undervalued Company" (DNAG). I visited DNAPrint in December 2008, and found the doors locked and old stickers from UPS and FEDEX on the door. The "DNAPrint Genomics" sign was on the ground. The place had obviously been locked up for some time. I reported this on another forum and Mr. Gannon's responses were typical.

At that time, he actually didn't even want to know anything about DNAG. He thought that he would then have "insider information" and could be prosecuted by the SEC for buying more shares.

As for the secret club on Yahoo boards, there was never any real business discussed there. It was simply a place where he and a few others could safely post platitudes about how wonderful the world's most undervalued company was in an environment free of any pesky realism.