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Biotech / Medical : DNAG - DNAPrint Genomics -- Ignore unavailable to you. Want to Upgrade?


To: jmhollen who wrote (94)12/3/2000 2:23:28 PM
From: CerealMan  Respond to of 409
 
To: cavan who wrote (73102)
From: CerealMan Sunday, Dec 3, 2000 2:20 PM ET
Reply # of 73104

that was a pretty good post from RB. the only thing i could add is that the new building won't be ready for a couple more weeks. tony said he didn't anticipate paying jan rent for the current building. btw...i stopped in @ the old office and was amazed as to how very small theit lab space was. i would guess the room size was about 10X 20feet...they wouldn't be able to walk around in there with the orchid machine in there...LOL...tony said their mission was to find solutions to reactions from medications already in use. he showed a huge dictionary size book with thousands and thousands of drugs that doctors prescribe to their patients that have some kind of side effect. before i forget again...LOL...he said revenues for the current year would be in the mid 6 figure range...(my example...$625,000)
tony also said he was suprised at the reaction of shareholder value when the news that orchid paid $350,000 for the right of first refusal or acceptance for DNAP's proprietary info...imagine someone paid the company so they would be asked first if they want to comercialize a project. tony said DNAP would name the price they wanted and we would have the larger portion ($$$$$) of any deal made. we don't have to commit money for marketing and all the risks associated with a new product. we provide the info and our partner takes all the risk of developing it into a comercial product...and DNAP GETS MORE THAN HALF OF OUR PARTNERS $$$$ ON WHAT IS DEVELOPED BY THEM!!!!....if they refuse to pay the price we want we have the option to take it to other companies and get the price we're asking...hmmm and this stock is priced @10 or 11 cents...i need to go rob a bank...LOL....just joking...and tony says "we will be a fortune 500 company one day" there is no doubt in my mind...now with all this info available about the company do you think the share price could "POP" on monday?
good fortune...
pops
ps. i think i just made it harder for me to buy more shares at current levels...so lets not tell anyone until i can frontrun a little bit...LOL...i currently own less that 25,000 shares...just wish it was closer to 250,000 shares ;-))