DNAprint Genomics (DNAG): What do other board members think regard...

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dejavu

Re: dejavu post# 442

Wednesday, 02/21/2001 12:29:36 AM

Wednesday, February 21, 2001 12:29:36 AM

What do other board members think regarding the contradictory messages we receive from DNAP???
On the one hand: we are in talks with IBM, everything is going well - we are ahead of schedule with our projects and we will present our software in SF, we have one of the best Math staff's assembled etc.
On the other hand: we are offering now through private placement $ 5,000,000 worth of shares for 0.10 a piece!!! With these newly offered shares come warrants to be optionable until January 29, 2003 at 0.25 per share????
If everything looks so good why offer those shares now when DNAP seems to be close to climbing up some important stepping stones?
Why throw in some options which can be executed in 2 years at 0.25 when supposedly DNAP should be already trading at $ 4 +++ for a long while at the mighty NASDAQ??
I don't think they would put out this offer now if they would be really close to finalizing a deal with IBM along the lines with that of MDS Proteomics, which included and undisclosed $$$ investment on top of the access to the supercomputer.
Simply some worried thoughts at the end of a long day.
Regards
dejavu