Replies to post #79736 on DNAprint Genomics (DNAG)

[Superbee383]

Here is some info I just found online (but I'm still going to make calls tomorrow and see if I can find out more)

http://www.law.uc.edu/CCL/34Act/sec16.html

http://www.sec.gov/answers/form345.htm

[frogdreaming]

dgplexus,

You clearly do not understand the situation.

But note, even if I can acquire inside information, I'm not sure I would want to do it, because having inside information can be a legal liability, in investing. If I bought or sold at "the wrong time," I could be in legal hot water, and that doesn't sound pleasant.

It doesn't matter if you have any 'insider' information or not. As a shareholder of greater than 10% of any class of stock you are already subject to all the restrictions that apply to insiders. You are legally limited in when you can sell or buy stocks. Read the links posted by Superbee. As long as you have so much stock, you are considered an insider by the SEC whether you have the information or not. (I would advise you to bone up quickly on your limitations as it seems you may already be out of compliance with those regulations.)

Since having the stock entitles you to the information and since the legal liabilities already apply to you, it would seem foolish therefore to avoid the information. Wouldn't it?

regards,
frog