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Useful table Mike. Gives one a perspective.
The close today at 5.25 is equivalent to .0875 pre split and we did manage to reach a high of 7.7 the other day, which was like 0.128 pre split.
Wonder how long this game continues and when the hell will we uplist. I hope it is not 90 days from the day we did the RS. Can't take 90 more days of this crappy manipulation.
That is also my biggest worry. If we are pulled down below $4 then everything goes for a toss.
No uplisting, shares down to 1/60th of our original holding and price continues to fall because of the lousy OTC neighborhood.
Hope that is not the case. Sad to see it drop from a high of $7 today.
You do have a point and I am no expert either.
In any case Maxim will make money by being able to sell the shares to its investors at a premium to the price at which it got the shares. At the same time investors will not pay more than market.
What is critical out here is at what price have the shares been allotted to Maxim. That figure is not declared in the S1
That will decide the way this is manipulated in the next few weeks. Sad.
It is critical to know at what price have the shares been allotted to the underwriters, by APDN. Only then we will be able to make some guess about the way they will play with the pps.
As I said before, the underwriters will add their margin to the allotted price and offer the shares to investors.
Not happy with the way it has dropped below 5.70 today. Scary.
Unless we get out of this shitty OTC, the manipulation will continue.
CDEL is the biggest culprit. Like we were stuck at 9 cents, we are being held in the 5.70 to 5.99 range.
What's causing the drop this morning. High volume but a drop to $5.25 low.
This is bad.
TCMB,
I expect the actual offering to take place at a higher value than the current pps as otherwise the underwriter will not make any money.
Hence in all probability the actual dilution % may be even lower than 20%. Just my gut feel.
Yeah Mike. Quite agree with you.
Tried looking at some online videos on plant DNA extraction and figured that it was easier to simply look at the pps every morning and just hope that it rises.
Let's lave the theory to the scientists and worry more about how he pps can go up everyday.
LOL.
Whatever be the case, TCMB, I am just waiting for this to get out of the pit that it is in.
Hope at least now, we see a steady increase in pps. If after all the hulla bulla of the RS, we remain on the OTC and get manipulated by the shitty MMs, that will be sad.
We should be able to see $8-$10 in a week or so before the up listing.
That is precisely why I said that I do not have a direct answer to your question about manufacturing methods.
From the quoted statement, one could only assume that since they talk of scalability and ability to create a large number of marks, there must be some level of automation in the process.
As the volume of parts/components marked goes up, they will need a certain level of automation in the process of creating the individual marks.
I don't have a direct answer to your question but the extract below, might partly answer your concerns.
Scalable. DNA taggants can be produced in essentially infinite variety. Individual taggants of defined sequence can be manufactured in large scale. For example, in a single batch APDN recently marked 500,000 lb. of raw cotton fibers before ginning. DNA-tagged, individual fibers could be traced throughout the manufacturing process to the completion of retail garments and apparel.
In fact TCMB, as I was telling A1, there will be more than one mark per car.
They will probably mark different components of each car with their mark. This way even if the car is stripped down to parts and sold, they could trace back the parts.
Moreover, each car will be marked at multiple points. So I don't know how that will translate in terms of charges per car.
Either way this one is the first application which comes closer to the consumer sector and hence the likelihood of high volume. I hope they catch on to something like a mobile phone brand.
The Ask of 2500 at 5.99 just does not change. Vol has gone from 13,000 to 20,000 but CDEL with a Bid at 5.98 and ARCA with an Ask at 5.99 seem to be strangling this stock. The next level of Ask is $7.00 if only ARCA lets it go.
Hi Mike,
Well the fact that it will take about a week to 10 days for the whole thing to be regularized, is frustrating but that is what TD Ameritrade told me. It seems APDN has to get back to them with some date. Didn't understand much of what the guy said.
Nevertheless, I feel that APDN is looking better after the split. Though we are still on the OTC and some of the regular MMs like CDEL for eg., try to pull it down, at 7.70 that we touched yesterday, it was almost a 27% increase. Have not seen that kind of jump before.
We are actually hovering around the $8 mark but keep getting pulled down by some *^%#s. Hopefully once trading settles down to normal, we should be on our way. I also expect a series of PRs from now till earnings.
Cheers and Good Luck.
No trading for some time now. Vol is at a standstill.
Also the case with my shares in TD. Rather surprised that in this age of electronics, it takes them so much time.
What if there is a huge spike and one wants to sell shares.
A pretty positive extract from the article. Justifies why the DLA is choosing to make the components themselves.
"
Today, 34 suppliers provide DNA-tagged microcircuits to DLA. Currently, some apply the tags themselves while others outsource the tagging, in both cases using Applied DNA’s equipment. To save money and to simplify the process, however, DLA plans to move the work in-house and have government employees do all the tagging by the end of the year. Overall, Metz said, DNA tagging of microcircuits is “a mature program for us.”
But because counterfeiting extends well beyond microcircuits, in August DLA awarded $2.97 million in Rapid Innovation Fund (RIF) contracts to develop authentication techniques for six broad Federal Supply Groups from abrasives to tubing. (By contrast, microcircuits are just a single Federal Supply Class, FSC 5962, within the Electrical and Electronic Equipment group). The six categories, in order of risk, are Electrical and Electronic Equipment Components (FSG 59); Bearings (FSG 31); Vehicular Equipment Components (FSG 25); Engine Accessories (FSG 29); Pipe, Tubing, Hose, and Fittings (FSG 47); and Hardware and Abrasives (FSG 53)."
Also, they give no guarantee of up listing. The next few days will be painful unless there is a planned effort to pump up the stock with more PRs and TV commercials.
That was what I feared. I don't know how these jokers will keep this above 5.7
If it falls below $4 then all that bull shit about institutional investors will also not work.
Painful
TD L2 data shows low buying interest. Bid at 5.30 followed by 4.20
If the interest and vol does not pick up, it can quickly fall to these levels.
What's with this volume of 23 shares. Are they still trading it like it was at 9 cents.
My TD account has it yet updated my position. I get a quote if I separately search for APDND.
TD shows a vol of 15 shares and a current price of 7.5
If one assumes that the RS happened at a pps of .095 cents which is like 5.7 post RS, then 7.5 is almost a 30% rise.
A1- it was acting weird last night but this morning everything seems okay.
Last night it had moved out of my watch list and I could not see the posts on the board. I could only see the quote.
I am not able to see the posts on my iPad. Are you facing a similar problem?
Just by doing a huge RS, we can get to $6 but do we have the credentials to sustain a price of $6.
I have my doubts. Just hope that the up,siting happens quickly and the underwriters are able to pump up the stock price further.
I agree with you. The drop in number of shares held is sad. I always felt that the RS ratio was very unfavorable to existing share holders though many like to say that the net total in terms market cap remains the same.
There is always the risk of this falling further down from the $6 levels.
A1- you have to divide by 60. Hence Mr Big may be right.
I am worried about their being able to sustain this $6 price. If they could not hang onto the pps at 9 cents, how long will they be able to keep the pps at $6 or higher.
Any drop from here will be a disaster.
Hi Mike,
I still don't understand why the DLA's decision to mark products themselves is being seen as bad news.
Yes we will lose out on the set-up revenue of 35k per supplier but on the other hand, this has taken the wind out of all the objections that the industry might have had to being forced to DNA mark their components. Now the DLA can merrily expand this requirement to all the FSGs and mark all incoming components. This way they also save on some set-up fees that they would have otherwise have to pay to all the suppliers.
APDN gets to provide markers to a. Ugh larger volume of components thereby increasing their universe of marked components. I think this is their ultimate game plan which relies more on the authentication business.
Hence though in the short term, it might be a loss of revenue, it suits their long term game plan. Correct me if I am wrong.
Yes but then since the S1 will be executed after the RS, they need to hold it at a good level for at least some days after the RS.
I would have expected them to get APDN to release a few juicy PRs during the run up to the RS.
I also wonder who the hell was the buyer who bought at .1190 today. There were many who bought above .11 cents today and all these past few days.
Has to be a reason.
Simply awful Mike. Hate it.
Like I had said, for the underwriters to make money, they need to be able to sell the stock at a pps above the allotment price. We do not know what that is but I am guessing that they will try to raise the pps to be able to profit from this deal.
But this whole thing stinks. People are just playing around with this stock. Sucks!!!
Yes you are right. I was looking at the L2 data and there are only about 72,000 stocks on the Ask at various price levels ranging from 10-14 cents, before that Ask of 700,500 at 17 cents.
When you compare 72,000 with the vol of nearly 2 million today, it does not look much but as you say, they keep coming up with small Asks every now and then at lower price points.
You are right TCMB.
I was simply referring to Pasta's manipulation comment and hence mentioned the large Ask at 17 cents.
Does it mean anything at all.
Back in the dumps. Short lived.
But I still see the Ask of 700,500 at 17 cents. Makes no sense.
Weird pattern. Spread is too much. Good volume though.
The Ask of 700,500 at 17 cents still remains. What do you make of this?
The high was actually 11.9 cents but I have a feeling that it will cross 12 cents today.
As I said yesterday, for the underwriters to make money on the secondary offering there has to be a spread between the allotment price and the offer price to investors. They will take this up.
There is an Ask of almost 700,000 at 17 cents.
Looks like they want to pull this up significantly before the RS.