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Yes drr or could be Dec. those will be the final quarter and annual results for the full year.
Mike, we just had the 3rd quarterly results declared on the 12 th of Aug. The 4th quarter ends on the 30th of Sept. How will they declare results on the 9th of Sept. I don't get it.
The Aug 28 meeting was only to approve the reverse split by taking a vote. It was voted positively and the reverse split will happen any time between now and Dec.
The ratio of the split will be anyone of 1:40, 1:50 or 1:60 but the timing will be decided by the management. Must waiting for some exchange approvals.
This information is from someone who attended the meeting on the 28th.
I have around the same number of shares and I am quite frustrated with the way this stock has been trading of late.
Nothing seems to be able to move it. Not even the news of the recent award, which according to me was great news. Almost the equivalent of a mandate expansion. This stock is just being held in a strangle hold for some reason. I am unable to understand the game out here.
Yeah SP. Couldn't agree with you more.
For APDN the trend has always been inverse. Just when you think it should go up it goes down.
Agreed. Most probably it should happen sometime in Dec.
By then we should have a few more positive announcements and the results for the full financial year ending Sept 2014.
All the more reason that the pps should go up so that your wife can shop to her hearts content.
Good to see you feeling positive about the latest development AG.
There have been a number of such positive developments in the recent past including the MDA award. I get a feeling that APDN has been selectively releasing news to time it.
Mike - a few folks who attended the meeting, informed that the Reverse Split was voted in by voters.
I am told that the actual split may take place at a point of time that APDN feels is appropriate. Also, irrespective of the prevailing pps, the ratio will remain one of 1:40 or 1:50 or 1:60
An increasing pps will therefore not change the ratio. It will only give us more cushion.
Pasta- the 190 million debt that you speak of - are these accumulated losses over the years or is that money owed by APDN.
To cover that, APDN will take ages at this rate.
One more lousy trading day passes by.
Stock price growth is inversely proportional to news in our case.
There goes your answer A1.
CDEL is always there to screw up things. Now at .1130. Just don't get it. Why do they screw it so much instead of letting it fly.
I don't buy the "DLA marking their own parts " theory. If they do that then the tracing and the authentication will begin from that point onwards.
Unless they ask APDN to provide a mark for each supplier and each class and just handle the marking themselves instead of forcing it onto the suppliers. This way the marking infrastructure will be at one point. However, will the suppliers accept responsibility at a later stage if something goes wrong.
Just throwing in some points for discussion.
Great work A1.
Ideally APDN should highlight this fact to the media through another PR. The ramifications of this contract should be understood by all investors.
GLTA.
Wow A1
Are you saying that the FSCs' are within the FSG classes. The PR mentioned about 5/6 FSG classes.
That would be great news if so. I hope APDN explain that once again in a better way through a PR. They probably timed it well to go with today's meeting and the conference round the corner.
By the way any update on what happened today??
Yeah TCMB
That's what I was saying. Our appreciation is all hard earned. News like today's should have seen us jump to about 15 cents or more.
Hope we get there.
You don't always need a CNBC to get a penny stock up. I have seen one recently climb a 100% without any CNBC intervention.
All we are asking for us at least a good 20 to 50% rise.
Yes because this is as good as a mandate expansion. It only means that the DLA is all out to expand this technology to the other classes.
The trial run is only a farce as APDN have already proven their technology with 5962 class.
Any other stock would have jumped significantly on such positive news. But APDN is being systematically held down.
We should have soaring to the mid/higher teens by now with increased volume.
Just don't get it.
Great post WT. Thank you. You always post only positive stuff on APDN. My compliments to you for that.
This is good news and as kbar says, it should move the dam pps above this sickening 10 cent range. Hope it heads into the the teens now.
Cheers and GLTA
Wondering where this is headed.
Despite reasonably good qtly results, the pps has not moved much.
Seeing a pre-market trade for the first time.
20 million is not too many!!! Right now they have ore than 800 million. But I so understand that it will be good to be above $4 by a good margin so that we do not fall below that mark in a few months.
In fact all the more reason why they should at least play this up a bit to say 15 cents so that if they do a 1:40 split, we will be at $6 after the RS.
I understand the $5 limit but that is for new buyers.
Why can't they let this go above $5 with a lower ratio? Let's assume they allow this to get to say 15 cents then we can be above $5 with a lower RS ratio.
Pasta,
I am unable to understand why this is being held at around 10 cents. Who would benefit by ensuring that the reverse split happens at a ratio of 1:40 or more.
What's the game out here. Clearly the volume does not make sense to me. There are other penny stocks trading more with nothing on the horizon.
True Mike. Nothing seems to move this stock.
Just no volume, yet we are very systematically kept on a leash.
God knows whether we will see some action after the 28th.
Hi AG
Not worth selling at this price range. If it touches mid teens then it may be worth reducing a bit.
Wonder what your opinion is A1.
Just the two of us today.
Now the Ask of 750,000 is gone. What the hell!! Stuck in the 10 cent range. Even crossing 11 is a challenge.
Hi Pasta,
Quite agree with you. Did you notice the huge Ask of 750,000 shares at 12.50 cents. What do you make of this one?
215,000 shares on the Ask at 11cents. What's up? No one online today?
And another lot of 1000 shares Pasta.
Regret having missed the ENCR opportunity to buy at 08 cents. Could have made a killing.
Yeah could be.
Holy Cow!!! An 8% gain. That feels like a 200% jump for APDN after having seen nothing but 10 cents for the last so many days.
I had forgotten the other digits and recognized only 1& 0.
No word from APDN. Absolutely no news or PR and we sit here twiddling our thumbs, waiting for the slaughter.
This 10 cent range sucks. If they want a cushion, they should have at least pumped it up a bit.
I don't see that happening TCMB.
Although we may have the approval on the 28th of Aug, I doubt whether we will be able to complete all formalities before the conference which is early Sept ( around the 5th or 8th I guess).
I don't know what the rules for NYSE are but for Nasdaq, for a non-profitable company, the share price has to remain above $4 for 90 days to be eligible for uplisting.
However, they will just go ahead and announce the reverse split on the 28th of Aug and get the pps to >$4. Also, that could be the reason why they are considering such a high ratio of 1:40/60. Will give them enough cushion to sustain the price above the bench mark level for a longer period. I get a feeling that we might also see some PRs to push the pps a bit so that we are well above $4 after the split.
You are most welcome Mike. You don't have to stop. I was just clarifying.
Mike
That was more about the killing that some guys made today in another scrip. 85% increase in a day. God!! When will APDN ever see something like that.
That was a wise move Pasta. Wish I had reacted fast enough.
Hi Mike,
I am very much there but hesitate to post because the pps gets the worst out of me.
Kind of intrigued by the way we are held in the 10 cents range. Almost appears planned.
I completely agree with you Pasta. I am frustrated with this stalemate too. That forces me to post my frustrations on the board.