Replies to post #79153 on DNAprint Genomics (DNAG)

[dgplexus]

At least I can honestly say, I put my money where my mouth is. (I'll leave the rest of this message to the imagination.)

[dgplexus]

The very recent news from California, for anyone who might possibly have somehow missed it, or closed their eyes to it:

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3 DNA test firms get state OK
Friday, August 22, 2008
San Francisco Business Times
http://sanantonio.bizjournals.com/sanfrancisco/stories/2008/08/25/story8.html

Genetic testing firms DNA Direct, Navigenics Inc. and 23andMe Inc. have the state Public Health Department’s swab of approval.

The Bay Area companies are the first to get the state’s OK after 14 firms were told in June to halt their direct-to-consumer genetic testing services. State officials said they wanted companies to prove that the labs that receive DNA-laden cheek swabs or blood samples are certified by the state or federal government and that individual tests are ordered by a doctor.

The cease-and-desist letters came against the backdrop of a push to allow consumers access to their own medical information and to make treatment decisions for themselves — so-called personalized medicine. That’s put regulators, doctors, insurers, consumers and a new wave of biomedical technology companies — many of which reach consumers via the Internet — into conflict.

California has one of the most stringent genetic testing standards, requiring a doctor’s order for tests for a genetic predisposition to a disease.
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Recall this news, that links DNAPrint Genomics with this development:

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DNA Direct Now Offers Genetic Genealogy Testing
http://www.thegeneticgenealogist.com/2007/10/16/dna-direct-now-offers-genetic-genealogy-testing/
Posted by Blaine Bettinger, Ph.D.
16 October 2007
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Also, who is DNA Direct:

http://www.dnadirect.com/patients/about/experts.jsp

And:

http://www.dnadirect.com/patients/tests/genealogy_testing/selecting_our_preferred_providers.jsp

Salient excerpts:

"DNAPrint is a DNA Direct preferred provider for autosomal ethnicity testing. DNAPrint offers the AncestryByDNA 2.5, EurasianDNA 1.0, and EuroDNA 2.0 tests that use innovative, cutting-edge technology to examine single nucleotide polymorphisms (SNPs) ancestry informative markers along all 22 non-sex chromosomes. These ancestry tests can be used to determine the anthropological origins of an individual's ancestry."

"Choosing the right ancestry testing company for your needs is not easy when there are over 20 different companies providing a wide range of genetic tests. DNA Direct has spent over six months comparison shopping and consulting with experts to choose the best ancestry tests currently available and the most reliable companies to provide them."

Ah... I just love good news! Especially good news about a stock I own! :-) :-) :-)

[frogdreaming]

Wrong again.

Second order recommendations ('a' picked 'b' and 'b' picked 'c' therefore 'a' is happy with 'c') are no different than the 'credibility by association' gambits that DNAG used before. We have been told about joint projects with Moffit, we have been told about associations with Scotland Yard, we have been told about programs with IBM, but they all amount to nothing.

Good news cannot be characterized by new and exciting partnerships. It is defined by REVENUE and nothing that you are touting is any different from what we have been hearing for years nor has it provided any revenue.

Don't judge the response to these latest nuggets of 'good news' based on your short association with the company. Those of us who have heard the boy cry wolf over and over like a stuck record are in a much better position to offer a qualified response.