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Even after reverse split on April 23, it crashed down to 40 cents. Get ready for another RS soon. This is the company with history of endless Revrse Splits.
Getting ready for reverse split.all of you get out of this POS. Check my prev posts.
I also have been waiting since it went down to $13 thinking it will go down to $11
But I have few hundred shares though wanted to accumulate more at low prices
Not sure why Dr still running this company. He did not show any profit in past 20 years. No significant revenues in 20 years. Stock pricing gone to zero in 20 years. Multiple reverse splits happened. There is nothing positive to write about .
Now they are spending more than $9 million a quarter? This was supposed to profitable quarter if they spent like they usually do like $4 to $5 million a quarter
All the employees of APDN should resign
This company is a BS company surviving on retail investors money and reverse splits. No revenues in past 20 years.
Down much today now.
Not many active anymore. This company management are reckless about shareholders. No revenue no contracts in past 20 years. what is the use of investing in this company.
LOL at blanket PO. Where are the numbers from this blanket PO?
This had reverse splits 2 times and I lost 97 percent of my investment. I have few shares left. I had so many hopes on this company. Company never focused on increasing the revenues. They always focused on diluting the shares. I m trying to recover my money from other stocks now.
It went down from 12 something to 10 some thing. Bullish to the maximum gone
Same stuff.Different names
On what basis, Roth financed. Do they believe in the company.Nah. Company gave the word that you can short the shares, once you make 30 percent minimum you can cover them. That's what Maxim did all these years.
They print shares and sell shares . They have been doing this for past 20 years. They generate approx one million revenue. How are they surviving? They release potential PRs but never materialize in terms revenues. POS company. I gave 11 years for this company to deliver goods and increase share price. But they did nothing.
Here AG, you still trading this POS. I am healthy by God grace. I am selling all my shares for 98 percent loss. As usual this news does not help the share holders at all.There are no numbers attached to the PR. I m doing little better with other stocks. When other stocks are giving 20 percent profit with each trade every month why should I bother this one.
Not yet. I totally ignored this stock. Suddenly I saw email from SA when I was checking my emails. Then came here to see it's up 100 percent. Still there are no numbers attached to the news. Don't know why it's going up. $5 doesn't make any difference for me.
Lost 98 percent from this investment. Slowly selling all shares.
No more APDN for me.
Yes for zero dollar revenue from this agreement.
Are you guys shorting this stock?
You know company not generating any revenues, no contracts , share price not going up. Why are you guys pumping this?
Mrbiggles,
You thinking about profit. I am slowly selling my shares for 97 percent loss. There are other stocks where you can get your money back. Sell whatever is left and move on. But that's hard truth. This POS going for another RS soon.
From $300 to $5.00 destruction of shareholders investment. Which company does like this with two Reverse splits??
Just less than a million as revenue.
Just 300k revenue for the quarter.
Are these guys nuts? Dr salary alone 300k. What are they doing wi th all the cash got from funding. Management are crooks here. They are cheating retail investors like us. 2 times reverse split and looking for 3rd one.
Revenues decreased 81% for the fourth quarter of fiscal 2020 to $314 thousand, compared with $1.7 million reported in the same period of the prior fiscal year and decreased 27% from $432 thousand for the third quarter of fiscal 2020. The decrease in revenues year over year was due primarily to a decrease in product revenues of approximately $1.1 million, which was primarily from shipments of DNA concentrate to protect the cotton supply chain during the prior fiscal year. The year over year decrease is also due to a decrease of $231 thousand in service revenues. The decrease in revenue quarter over quarter was due to a decrease in service revenue of $183 thousand, primarily related to the textile industry.
Total operating expenses increased to $4.2 million for the fourth fiscal quarter of 2020, compared with $3.2 million in the prior fiscal year’s fourth quarter. This increase is primarily attributable to an approximate $313 thousand increase in payroll. This increase in payroll is primarily attributable to a reversal of voluntary salary reductions and increased staffing at Applied DNA Clinical Laboratories, LLC., as well as an increase in research and development expense of $353 thousand centered on the Company’s Linea™COVID-19 assay kit.
Net loss applicable to common stockholders for the quarter ended September 30, 2020 was $4.1 million, or $0.82 per share, compared with a net loss of $1.5 million, or $1.44 per share, for the quarter ended September 30, 2019
Excluding non-cash expenses, Adjusted EBITDA was negative $3.8 million and negative $1.6 million for the quarters ended September 30, 2020 and 2019, respectively. See below for information regarding non-GAAP measures.
Cash and cash equivalents stood at $7.8 million on September 30, 2020. Subsequent to the fiscal quarter, the Company received two exercises of warrants associated with its November 15, 2019 underwritten public offering (the “2019 Warrants”). The first exercise totaled net proceeds of approximately $1.7 million to the Company that was used to repay all outstanding secured convertible notes of $1.7 million. In accordance with the 2019 Warrants exercise agreement entered into in October 2020, the Company issued approximately 159,000 replacement warrants at an exercise price of $7.52. The second exercise totaled approximately $1.05 million in net proceeds to the Company. Also, in accordance with the 2019 Warrant exercise agreement and the second warrant exercise, the Company issued approximately 100,000 replacement warrants at an exercise price of $6.57 for 50,000 replacement warrants and $6.46 for 50,000 replacement warrants. Approximately 460,000 2019 Warrants are outstanding as of December 10, 2020
Yes APDN will get chickpeas packet as payment. BS company
Good. Now put that money in cloud stocks like CRM,ADBE, etc
Get out now. This POS is waiting for another RS soon. 1:40 coming in couple months because they are running out of funds to run the operation
Dr get financing and those people short it and make money.
I am closing my positions with 96 percent loss.
I had so many hopes on this stock. But Dr never tried to push the stock up or get more revenues for the company. He always wanted to dilute the shares and make money for himself.
10000 tests.Thats it??how much are they getting paid? Peanuts and chips?
Dr. Has been putting BS PRs for past 10 years. People think they are genuine and company gets massive revenues and SP will skyrocket. I bought shares at $240 now its trading @7.30
Because no revenues for past 20 years
Park, you know about Dr. He does not change. All talk no work.
Not double triple timeline, they wont even happen. Look at all PRs in past 12 years. Except for one $4 million corron contract and $900k yearly contract with DOA nothing happened in past 12 years.
So many fake PRs fake contracts which does not generate any revenues.
I dont know who approves Reverse splits and how investors give loans to this company
When they lost 20 percent how can they hold
$262 now
If we would have been shorting since 2009 we would be multi millionaires by this time
I keep telling these folks are crooks. They are eating our money and cheating with every PR. I lost several thousands of dollars by believing this company and trusting their PRs Hundreds of PRs with no numbers on it. Why don't they shut the shop and go home.
They keep doing RS and make the shares worthless. Total POS
When is the nexr reverse split..I cant wait to see the price change.
APDN secured $49k funding LOL
All gone.. you dont hear any revenue from so called agreements.
Its waste of your time investing in this POS.
Price came down from $5000 to $9.00 in 20 years due to multiple reverse splits. Dr should be ashamed of himself.
Disruptive technology for 20 years and just 500k revenue per quarter..now 50million mixed shelf...where does it take investors from here.
Dr Hay is using the company as printing press .He and other board members getting handsomely paid on the mercy of investors like us. He wants 50 million to pay themselves and staff for next 2 years. He will burn 25 mill each year.Mark my words.Third RS is on the pipeline soon.
Beware of Dr.He uses this strategy so many times.
Keep dreaming.I did all calculations for APDN before I was wrong. Let s see how many kits they will first make then how many they could sell.
Yes..this perfect POS
One day 70 percent up .next 2 days down 80 percent
Wait for 3rd RS soon
They don't have money to run the operations
All feasibility studies hone. They are not making any money even after so many pilots in so many verticalz