Applied DNA Sciences Inc (APDN)

[mcsharkey]

Thanks for the Secondary Filing info CK, along with explanation and timeline. I feel a little warmer and fuzzier about this whole damn thing now.

A post earlier in the week on the Yahoo board caught my attention, suggesting Marcuum was up to it's ass in alligators trying to get anything further done. Known troll with that post, but it was effective at bringing on the doubts. Secondary filings part of the normal process that I don't understand. Helps generate underwriting fees too:)

Trying to tie some pieces together. Just taking me to the dogs though.

Nuther source I book marked. Actually, Investopedia provided a simplier explanation needed for me:
DEFINITION of 'Secondary Offering' A sale of securities in which one or more major stockholders in a company sell all or a large portion of their holdings. The proceeds of this sale are paid to the stockholders that sell their shares. Often, the company that issued the shares holds a large percentage of the stocks it issues. <Link to full article.

Till I thought this through a little better, couple of cups of coffee and screwing around with my dog, I was going to contact Debbie Bailey immediately, and tell her I'm ready to sell out in the secondary offering, just hold it down to a couple of bucks a share ✌

I'm thinking now the $1.8K loan floated by the Doctor in September and the options given just a few weeks earlier going to be sold out in the secondary sale. Can't find the options given. Here's an excerpt from the form filed for the $1.8 Mill Float handed out by the Doc!

Form 8-K for APPLIED DNA SCIENCES INC
Link to 8k
17-Sep-2014
Unregistered Sale of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities
On September 11, 2014, Applied DNA Sciences, Inc. (the "Company") issued and sold promissory notes (the "Notes") in the aggregate principal amount of $1,800,000 and bearing interest at a rate of 12.5% per annum to Dr. James A. Hayward, its President, Chairman and Chief Executive Officer (in the amount of $1,000,000), and another individual (in the amount of $800,000), both of whom are "accredited investors" as defined in regulations promulgated under the Securities Act of 1933, as amended (the "Securities Act").

The Notes have a ten month maturity. Interest may be payable in cash or in shares of the Company's Common Stock, $.001 par value......

Thanks again for the update CK!
Peace
mcsharkey