Replies to post #26068 on DNAprint Genomics (DNAG)

[geob]

fROG........

this statements seems that the first payment to beth has already been issued?

In exchange for the license, we paid Beth Israel a $25,000 signing fee and
agreed to make certain milestone payments linked to their progress in developing
marketable products from the licensed technology. The total of payments, if all
milestones are reached, is $2,150,000. The milestone payments are nonrefundable.
Up to $200,000 of this amount is creditable against future royalties. In
addition to the milestone payments, we must also pay Beth Israel an annual
royalty of 4% of the net sales of all products developed from the licensed
technology. A minimum royalty payment of $100,000 a year is due upon the
commencement of commercial sales in any territory worldwide.

Thats what I have that suggests the Beth patents are in "the bag" what have you got that implies differently?

IN GOD WE TRUST---GEO