Replies to post #21568 on DNAprint Genomics (DNAG)

[easymedicine]

workboy.........................

DNAP can release a pr about a community college visiting their facility (how freakin' ridiculous is that), but they can't confirm the BioFrontera deal on the dated deadline of the deal. That information is not available because the deal broke down or there was no deal. What a fool!

The deadline is public knowledge, of course. Boo-hoo!!!!! (LOL)

The purchase price of the
shares is 20 million Euros, payable in twenty-four monthly installments of
833,333 Euros. The first installment is due five days after subscription and the
subsequent installments are due on the same day of the following twenty-three
months. On October 13, 2004 the exchange rate was .8114, which translates into
$1,027,031 with respect to the 833,333 Euro payment.

In the event that such registration statement does not become effective on
or before February 7, 2005, the Biofrontera Agreement will terminate without
liability to either party. Once the registration statement has become effective,
we are obliged to consummate the acquisition of the shares, and Biofrontera will
issue all of the shares to us. In the event that we default in payment of the
purchase price installments, Biofrontera has the right to redeem from us those
shares as to which the purchase price has not been paid in full. In no event
does Biofrontera have the right to recover the unpaid purchase price from us in
cash.

You know if they qualify they'd be screaming at the top of their lungs. A million bucks a month is a lot of share dumping, huh?