If the crap CEO didn't file that bullshit s3 then DNAI would be a very good bio-tech stock! Now he put a endless huge dilutions time-bomb on our head which put more and more heavy selling pressures to the stock price! In this way DNAI will gradually shift to the lower and lower price levels because the existing shareholders have to face a hard fact: up to 100M shares Giant OS dilutions will kick in anytime which will soon crash the current BV from $4.xx to $2.xx... When the BV was $4.xx we could say DNAI was a Hyper Undervalued stock. But when the BV hits $2.xx as you said DNAI is no longer a really undervalued stock unless the price hits $1.00 ~ $1.20 area or even $0.xx. For example, the peer (gbsn) did hit the endless "new" 52-week lows after the endless huge dilutions while another peer (tkai) could still hold the same bottom even its BV became the lower and lower due to no OS dilution! Should the company withdraw that BS s3 (I doubt it) we should see a strong bounce like the Hyper Undervalued peer (cbyl) did. DNAI is the worst bouncer among all the crashed bio-tech peers and the reason is very clear now!
Why this extremely greedy and very stupid CEO filed that BS s3 to destroy all the shareholder's Equity Value which is aginst all the shareholder's interests here? He seems not care the shareholders at all! He is robbing all the innocent DNAI investors to satisfy his endless greedy desires! Both FBI and SEC surely need to investigate the matter to protect all the DNAI investors...
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