Replies to post #82497 on DNAprint Genomics (DNAG)

[Cuda426]

Cosmic-You never answered my question about the top secret Yahoo members only board. Was you then or now a member? A lot of decisions were made by that group that others would not have know about. See screen capture below: This is the message group Dan started after he went underground and used for support and to work under cover

[frogdreaming]

I don't have any insider information cosmic, I just seem to pay attention more than you do.

Dan Gannon was an uninformed investor from Oregon who came into a lot of money quite suddenly. (google?)
He dove headfirst into DNAG without listening to a single word of caution from those who tried to warn him but bought into the hype from those who would not admit their mistakes. (cosmic?)He was a negligible individual in the dying days of the company and had absolutely zero effect on the plight of the existing shareholders.

After the company was completely dead.
-After the big three had printed all the shares they had and diluted the pps to nothing.
-After they had traded away ALL of the IP and remaining assets to Dutchess.
-After they had exhausted every avenue available to keep their money machine alive.
-After they had walked away.
The company was nothing but an empty shell that was seven million dollars in debt. A clean shell would have been a possible asset worth a few tens of thousand dollars. Being $7 mil in debt made it nothing but a liability.
The shareholders had NOTHING left at that point. No claims to the IP, no share of any future business. Everything of value was OWNED by Dutchess, who had paid for it fair and square.
Only then did Dan Gannon enter the picture.
You can dig into the death throes all you want and you can work through all of the machinations of Gannon and his investor group, but you will find not a single thread on which you can hang any liability to the existing shareholders.
His ridiculous promises to 'save' the company and his 'secretive' cabal to obtain the worthless IP might give you some fodder for a scapegoat, but whatever he did, he did AFTER DNAG was dead.
Hire a lawyer if you want, hire a detective, but don't expect a single 'crime' to be discovered, or any possibility of redemption for the lost investment.
Gannon is and was irrelevant.

[Porgie Tirebiter]

The majority shareholder of DNAG was not central to anything. He bought his ahares after everything had happened.

Dan Gannon came into some money (lottery winner?) who fancied himself as becoming a big player in the stock market and multiplying his fortune many times over. During 2008 he was pouring money into Fannie Mae just as fast as he was buying up DNAG. That's where I met him on-line in another place and time.

I, and others, told him his pouring money into FNMA probably wasn't such a good idea, but he had a hard head. Of course, as events played out it was the fault of "evil short sellers", and not his showing up to invest in a bubble that had already burst, that was the cause of the problems.

At the same time, he was extremely enthusiastic about the "World's Most Undervalued Company" (DNAG). I visited DNAPrint in December 2008, and found the doors locked and old stickers from UPS and FEDEX on the door. The "DNAPrint Genomics" sign was on the ground. The place had obviously been locked up for some time. I reported this on another forum and Mr. Gannon's responses were typical.

At that time, he actually didn't even want to know anything about DNAG. He thought that he would then have "insider information" and could be prosecuted by the SEC for buying more shares.

As for the secret club on Yahoo boards, there was never any real business discussed there. It was simply a place where he and a few others could safely post platitudes about how wonderful the world's most undervalued company was in an environment free of any pesky realism.