jdjlaw...From what I've read, it usually takes 90-100 days to accomplish a secondary offering from the S-1 filing. That takes us into January.
Two things should happen in mid-December. First, the 10K will be filed and the investment world will be able to see how ADNAS did for 2014. We are all expecting a good Q4 and that total revenues will show 50% growth over 2013. Few companies can boast this degree of growth, so it should create some investor buzz. Hopefully, Agora and Zacks will chime in and stir interest. Second, the new deal with the DLA begins on 12/15/14. We have been kept in the dark about any details for this up to now. It would seem that management will be obliged to become as transparent as it is allowed after mid-Dec. since government-sourced revenues are a substantial part of its expected revenue stream. I have no idea what this news will be. Whatever is divulged (if anything is divulged) could be good, bad, or neutral IMO.
This is the backdrop that Maxim has to work with as it sells $12-13.8M of APDN to prospective investors for the secondary offering. If the roadshow has already started, the reason for the recent rise in stock might be related to someone interested in loading up prior to when he can lock up a portion of the secondary...just a guess. What is not a guess is that someone has been buying this stock since last Friday mainly purchasing through ARCA - I've tried to watch the daily activities over the past week and this is something that I've observed.
I have no idea why the stock fell so deeply and now why it is rising, but the recent trend has put a smile on my face as I have continued to slowly increase my holdings over the past month. GLTA.
