Applied DNA Sciences Inc (APDN)

[dog turd cannon]

True, the company could not issue new shares with a registration, S1/3/8 etc. But, that isn't really the dilution that matters to you as S-3's tie up those new shares.

The dilution that matters to you is contained in the 13G(D)/As. So if you go through each 13G(D) filer and track there 13G(D)/As you can see when the number of actual tradeable shares increases. Which is more important. S-3s are good things because there is usually an incentive (i.e. warrants) which are options priced and this usually mean the stock is going up. Hence, the APDN going up after the last S-3 in November. A few months later.