"frogdreaming,"
That doesn't appear to be true. It doesn't even make sense. If DNAPrint knew, from the start, that Dutchess would obtain the funds in that way, it would have made much more sense for DNAPrint to just sell their own shares on the open market, the traditional way that publicly traded startup companies often raise money. Why would they involve Dutchess at all, with all the disadvantages that Dutchess introduced, if they knew what Dutchess would actually do? No, I don't believe that is the case. From what I am told, Dutchess said that they would hold the shares, not dump (or pseudo-short) them, and that the money loaned would be Dutchess' money, not the shareholders' money. (If the shareholders were to be the source of the funds, then DNAPrint would have ignored Dutchess altogether, and gone straight to the shareholders. Why would they do otherwise, unless Dutchess deceived/betrayed them?)
Daniel
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