CLYC: Dr. Tony Frudakis answers here:
Suggest reading the Raging Bull thread Q&A
By: alzaco92 $$
Reply To: 737 by alzaco92 $$ Monday, 24 Jul 2000 at 11:51 AM EDT
Post # of 741
EMAIL RESPONSE PRT 1....
Please see between the lines.
-Tony Frudakis, Ph.D.
Chief Scientific Officer
DNAPrint genomics
1748 Independence Blvd.,
Ste. D1
Sarasota, FL 34234
(941) 351-4543
(941) 351-7388
dnaprint@home.com (home)
dnaprint@gte.net (work)
www.dnaprint.com-
Dear Dr. Frudakis,
I have invested a small amount of money in what appears to be a very
promising company that you head. However, before I invest significant
amounts of money into your corporation I must be convinced that your company
is not simply a scam. Please understand that I am
investing my hard earned money for the future of my children. There are
many investment scams which have unfortunately been very pervasive
throughout the internet.
You are definitely correct here...
Also, if I look at your company with additional
scempticism, please understand that you have been aquired by a pink sheet
company one that has not followed SEC reporting guidelines.
It sounds like you should wait until the company has become fully reporting.
You would be more comfortable then. We are brand new and we are working on
it.
The questions
submitted are not meant to offend but rather to strengthen my belief in your
company and its future. I truly appreciate your anticipated response to
these
questions as I believe that the blueprints for a successful company are in
place, however, this must be proved to me before I continue to invest and
spread the word. Again, thank you very much and good
luck to you and your family.
If you could, please provide infromation concerning the following:
-1.I have had difficulty in verifying your patent portfolio. Could you
please provide documentation or a link.
Provisional patent application no 60/171,688
-2.Are these actual patents or are they pending patents?
With chemical formulations it is best to keep them pending as long as
possible. Once patented others can add something or change something based
on your "patented" idea because it becomes public domain. We will keep it
provisional as long as the deadline allows.
-3.The only journal title that I was able to find was...Strongylocentrotus
purpuratus spicule matrix SM30-alpha protein (SM30) gene, 5'-flanking region
by:Akasaka,K., Frudakis,T.N., Killian,C.E., George,N.C., Yamasu,K.,Khaner,O.
and Wilt,F.H.. Are there more that I just cannot find? If so could you
kindly provide info or link.
There are more. It seems that you did not find even my main thesis paper. My
previous employer did not allow journal publication at all, which is not
uncommon in biotech. As a result I have about 7 papers I have already
written, based on the various patent applications listed on the web page and
waiting to be submitted. Date of publication for these works is out of my
control entirely, and as for now you are going to have to read the patents I
have published which are public domain. As for others here, you did not
seem to find the references provided for Myung Ho Kim or Venkateswarlu
Kondragunta listed on the web page, who were fortunate enough to have worked
previously in an academic setting where publication is allowed. If you
cannot find these works, you are not looking properly.
-4.Why have you decided to merge or be aquired by Pink Sheet stocks?
Stock is a form of currency. It helps you grow by aquisition. Rather than
wait 2 to 3 years to go public via IPO, we reverse merged and now have a
liquid currency. We go to OTCBB later this year, and to Nasdaq when we are
qualified, just like any other company.
-5.Why did you decide to forego a merger with QCL Group, Inc. and rather
decided upon Catalyst Communications Inc. In the news release dated
.--(BUSINESS WIRE)--Feb. 16, 2000-..."QCL Group, Inc.has reviewed certain
documents that GAFF biologic supplied but was unable to complete proper due
diligence at this time. GAFF biologic was unable to continue discussions
through the completion of QCL Group, Inc.'s extensive due diligence process
due to capital requirements to carry out their business plan and both
parties agreed to move forward separately and to leave the future open for
possible business dealings." COULD YOU PLEASE CLARIFY THIS STATEMENT.
This one should be obvious. They didnt have the money.
-6.what financing or stock issuance would be needed to pay for the purchase
of your company. The recent news release provided no additional data or
information.
Call Tampa Bay Financial if you want the financial details. I am not sure
they will give them to you but I certainly cannot.
-7.Do you have any proof that Form 10SB has been filed. I have been
checking the SEC site daily with no luck.
Again, call Tampa Bay Financial for this information.
-8.It is one thing for a company to come up with an idea. . .it is CLEARLY
another for same company to figure out a way to successfully market that
product or service. What is your buisness plan.
I do not have the time to write this out. Please feel free to call me and I
will explain it to you. Stated concisely, we will place hardware and
software systems in personalized medical settings of the future. We will
allow these customers to access our knowledge base of pharmacogenomics
"solutions" for various drug interaction problems, via an ASP model. Each
time a patient's SNP profile is passed through our server, we will be paid.
We will also conduct disease association studies with larger pharma partners
and participate in the downstream potential of having identified novel
disease pathway determinants.
-9.I also understand that your..." company has strategic alliances with
independent scientists at the University of Hawaii, and in Florida and is
negotiating product license agreements with several major biotech
companies." This is from the Jan. 10, 2000--QCL Group, Inc. release.
Please provide infromation.
You can read about our relationships as they are announced. Until then that
is all I am willing to say.
-10.Could you please provide evidence as to... "The company has written an
NIH grant focusing on funding the further development of this software."
I am having difficulty in finding this info on the NIH grant site. Please
provide link and date of filing.
I can send you a copy of this grant if you like. The NIH grant site does
not list applications. It lists funded grants only.
-11.Great article titled Potential profits in DNA Potential profits
newscoast.com. Have you been featured in any
other articles that you know of.
Several new ones are coming.
-12.A article states that you have signed an agreement with venture capital
firm Tampa Bay Financial, guaranteeing the company $1 million in startup
funding and possibly millions more depending on performance. could you
release any info as to the details of this agreement. Is Tampa Bay
Financial listed under another name? I am having trouble finding it.
If you cannot locate their number call me and I will give it to you. They
are in our local phone book.
-13.Have you hired the mathematician that you were looking for.
We have one more opening to fill right now.
-14.I will be in town within the next few weeks would it be ok if i visited.
Please provide directions to the company headquarters, so can I report back
to your thread on raging bull.
From I-75 take the university exit, drive 3-4 miles untl you reach highway
301, take a left and drive about 1 mile until you reach Northgate Center
with a McDonalds at the corner. Take a right and then a left on
Independence Blvd. and then immediate left, then follow the signs to suite
D1.
-More questions will be submitted as they arise. Thank-you. |
