Replies to post #17507 on DNAprint Genomics (DNAG)

[ustacud]

Theo - RE: Your last sentence...........me to!!


Dick

[cosmiclifeform]

Theo - DNAP buying a small drug company...AND...getting 51.77% ownership...with "no money down"?

Incredible!

And to finance it with a 2 year term sale of DNAP stock to an investor with no cash upfront...

Awesome!

DNAP has again negotiated excellent positions and terms for us investors! And DNAP begins participation in the drug development channel as it's "own" drug company... $35 million dollars of new funding to buy Biofrontera AND do clinical trials...

Exciting!

I find the structure of the two deals quite fascinating...something that may be a lesson for the text books...

God Bless and Take Care,

Robert

[worktoplay]

Theo...How about this for a financial theory.

According to the PR, this investment makes Biofrontera a $51 Million company, of which we'll own 52+-%. So we are going to be able to show an additional $25 Million on our balance sheet (52% of $26 Million - the current value of Biofrontera, and 52% of the $25 Million we have committed to provide.

It's kinda like taking $25 Million out of one pocket and putting it in the other...lol But in addition, you now will own 52% of a small molecule drug pipeline, and 52% of the development agreements Biofrontera has with companies like Shering.

Not bad for a company that only a year and a half ago had $10 grand in cash.

JMHO, of course.
W2P

[easymedicine]

price has been going down ever since. what else do you need know?