Replies to post #9781 on DNAprint Genomics (DNAG)

[frogdreaming]

mikenickels,

I'm not missing any such thing. It is entirely possible that LaJolla is privy to exceptional news and jumped at the chance to invest. Let all hope so.

I began this thread by amplifying a concern expressed by bag8ger regarding the risks inherent in debenture financing. The risks are significant and they should be taken into account by any serious investor.

I have no argument with those that see the attainment of financing as a positive move. It is a clear and obvious necessity for the companies survival. I take issue with those that suggest that it somehow is a guarantor of success. The position seems to be that LaJolla would not invest if success wasn't already guaranteed.

Nothing could be further from the truth. La Jolla will not lose any money on this deal, no matter what. While they may have some level of confidence at this point, you can bet they already have their trigger prices locked in. Should the company falter very far from it's present course and they will pull the trigger and escape unscathed.

To do other wise would be irresponsible.

Don't fool yourself, they will be loooong gone before the pps ever gets anywhere near your imaginary price of .0001.

regards,
frog