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4 days to be precise. Results will be posted on Monday evening.
The conf. Call is on Tue 2th.
Guess they have nothing to announce. Either they are sitting on spectacular results by Dr's standards or they might post something on Monday morning.
The other thing that comes to my mind is that having announced a 40:1 ratio, is the pps being artificially nailed down to ensure that the RS happens at this ratio.
Is the higher ratio only a ploy to substantially reduce the outstanding shares from 800 million to 20 million????
Food for thought.
I am getting pissed of by the fact that we cannot sustain a 11 cent pps after all this news. Look at the way we are struggling. No volume and a drop from almost 12.50 to below 11 cents.
How the hell are we going to sustain a $4 pps after we do the RS. If we start dropping from $4, the drop could be killing. Dread to even think of it.
I hope these guys have something genuinely solid to back the move to RS or else we have had it.
No doubt, the trading over the last week or two has been disappointing to say the least.
With the pps where it is and APDN hell bent over implementing the RS, wonder how that will worsen the ratio further.
Frustrating.
Yes Mike,
The MDA is a big plus for us and I was seriously expecting the pps to climb on the basis of the MDA news.
Hope we cross a million dollars in revenue in the qtly results. That will be a psychological landmark for us.
Here is the text. Not very clear.
STONY BROOK, NY, July 15, 2014. Applied DNA Sciences, Inc. (OTCQB: APDN), (Twitter: @APDN), a biotechnology firm that provides DNA-based authentication and security solutions and services, noted today that the Missile Defense Agency has awarded APDN a research project that would expand APDN’s technology platform established in the Phase I Small Business Innovation Research (SBIR) contract to accommodate as many as 100 electronic component manufacturers. The contract provides for monthly payments to APDN totaling approximately $975,000 over a two year period.
APDN has already developed proprietary SigNature® DNA inks supplemented with optical markers to provide authentication marks that are of a higher standard relative to other taggant technologies. This reliable DNA-optical adduct is impervious to copying and is required by the Defense Logistic Agency (DLA) for the marking of FSC 5962 electronic components.
I think the MDA Phase II award is more of a research grant for APDN to fully establish and prove their technology.
Once completed, the MDA could well apply it to all classes.
Very true Pasta.
If not for their poor financials, I don't see one good reason for this stock to sky rocket.
They are addressing a global problem with cutting edge technology across virtually all product segments, have government endorsements and some great private partnerships. This technology has mind blowing applications.
I can't believe that we are struggling to stay above 11 cents.
Mike
I am playing the Devil's advocate. My criticism is in the best interests.
PPS growth would not have given us money for operations. It would have only increased market cap and possibly blind-sided us.
Spending on R&D is fine but one has to be within means and that should not justify being left short of funds. In fact the only reason why the pps has not shown healthy growth, besides manipulation, is that quarter on quarter, the results have not truly impressed. Had that not been the case, it would have been difficult to keep this down. Everything else is fine with this company except the expense control.
I want this to succeed as much as you do brother but we have not seen that happen so far.
I can assure you, we will not see a significant drop in expenses.
You might see a record growth in revenues, which again is very relative but I do not see any focus on expense reduction and they will always have some reasons ready to explain the increase in expenses.
A responsible management cannot put themselves in a situation where they barely have money for the next quarter. Has always been my concern.
Great technology, great opportunity but we are financially screwed up.
No Mike
I meant it in a good way because we just don't get a hearing, as you rightly fear. Even in the conference calls none of our questions are addressed.
So when it comes to the vote, if all the insiders and major holders like Crede are in favor of the RS, our votes may not matter.
I only hope that qly results cause a spike in the pps and that in turn makes the RS a little more favorable.
Wonder what is Crede's stand on the RS.
If they are supporting it then all of us lesser morsels do not matter.
The retirement can happen only when we have a sizable chunk. ????
Cheers.
Yes again but always feels good to have 400000 shares instead of 10,000 shares, when it comes to Dividends or Forward Splits.
But again I also agree that we need to get out of the clutches of the OTC manipulators.
Theoretically yes but there are a lot of insiders who hold sizable chunks and they would not like their holdings to come down by more than what is necessary. More so if they are confident of the future and no pretty well what lies ahead.
I am sure that they are also doing this because they have no choice and need to do this to get much needed finances.
A1- from my conversation with Debbie, they intend to go for the RS as soon as it is voted for in the meeting on Aug 28th.
Once it is cleared, the only delay will be the time taken to complete a few formalities. We could well see it done by end Oct.
If the pps goes up after the results, it will be good for us as the ratio required will not be as bad as 1:40.
Mike,
At the end of the day, the only concern I have, now that the RS is inevitable, is whether we can sustain the post RS pps after getting up listed.
If we start slipping again, then it will be tough. Scrutiny of their financials by investors, will be even more stringent on the Nasdaq/NYSE. I have hope that they have something big on the horizon and have thus mustard the courage to move forward with the RS.
We will get some hint of that in the qtly results on the 11th. If these are good, it could also boost our pps further, thereby making the ratio required to make it to $4 a little less harsh.
A very fair assessment of the harsh reality of this stock. Though this takes away our hopes of a multi-bagger, this is our only hope of seeing some sensible play and not being manipulated up and down by some
A1- you know how it is. When I cornered her with some uncomfortable questions about previous quarter financials being not so good and revenues being lower than expected, she just got away by saying that she expected better results in the coming quarter with some positive announcements.
In short she did not name a figure. As usual a political answer but a little more forthcoming.
Guys,
In the past few days we have seen some heated outbursts and emotional rants on this board. All in good spirt though.
I guess all of us are emotionally attached to this stock and hence find it difficult to accept a negative viewpoint. Can't help it.
No two doubts about the technology and the tremendous potential that it has. Certainly some doubts about whether the management is able to exploit the best out of it in financial terms. Maybe we could have seen faster revenue growth and profitability if a few things were handled differently. Can't put my fingers on any, other than expenses.
Having said that, I had a long chat with Debbie about the impending RS and the ratios. Here is a summary of my discussion:
1. From my conversation with her, the RS is likely to happen soon after the vote and she seemed pretty confident that shareholders will support it.
2. She maintains that the RS is in the best interests of shareholders and is being done for the sole purpose of up listing and thereby attracting larger investors, who otherwise do not invest on the OTC
3. I am not sure but I think she hinted that it might be the NYSE. When I queried about the pps and the ratio, she said that they will do what is necessary to get above $4.
4. I mentioned to her that financials have not been upto the mark and what is the guarantee that the pps does not fall further. She mentioned that the next qtly results will be announced on the 11th of Aug. and she expects the results to be good.
On the whole she was pretty upbeat and confident that the RS would work out well for APDN.
What happened? Did they miss the numbers?
Well said drr.
Many who have just got into this stock do and can afford to talk about patience but some of us have been hear for more than 6 years now. That is reasonable enough to expect some returns.
What bugs me is that despite positive news and claims, the pps trend has been disappointing. If we could touch 30 cents after the DLA mandate news then with all the developments post that event, we should have been easily above that level.
Revenue figures have been disappointing and no where at the level they need to be when compared to the expenses. Every quarter we talk of record % growth but that is misleading as we calculate that on a low base. So many interesting contracts and partnerships have been announced but their revenue impact has not been seen. Has always bothered me.
Now to make matters worse, comes the RS announcement. I do agree that we need to get out of the OTC but at what cost. Even if we do get listed on the Nasdaq , can we hold on to the listing?
Another point to be noted is the fact that the Authorized Share capital will be almost 25 times the Outstanding share capital. Does this ratio look lopsided? People are worried that this could lead to further dilution.
When will we ever get out of this mess.
Yes I agree with you.
I would like to have just one chance to exit with a decent gain. I have had enough of this one.
Yes Pasta. Agree but I would have expected just the hype of that order to cause a rise in pps. Just like the DLA mandate did at one point of time.
Even that mandate has hardly generated the kind of revenues we would have liked but it was an endorsement of the technology. That is why we were all anxiously waiting for the MDA announcement.
I have a feeling that this RS announcement has nullified all the positives. They need to present that in a better fashion by negating all the fears that investors may have.
Yeah drr. I find this to be a little scary. Earlier pps drops have been due to less than expected results but now we are witnessing a drop even after some pretty positive news.
Does this indicate that the market at large has not reacted favorably to the reverse split news? Or are we expecting poor results.
I am intrigued by what is causing this alarming drop to almost 10 cents. That is a level which we should have left far behind.
Yes A1- I agree we are helpless but I am unable to see anything positive out here.
Many seem to be bailing out and that is one of the reasons for the drop in pps.
I am quite amazed by the fact that no one seems to be too concerned about the pps dropping below .11 cents.
And to imagine that this has happened after the MDA Phase II award news.
Wonder where we are heading and what's happening.
Good article WT. Thanks.
Can you provide the link please.
A1- I agree that everything about APDN is unlike any penny stock but their financials have been a mess. Expenses are way above the revenues and that has been the whole problem.
This whole reverse split thing is for nothing else but getting finances and could have been timed better. I have yet not understood the logic of using the current pps for calculating the reverse split ratio for Dec time frame.
I don't think you deserve an answer. You are taking it on a tangent. We are talking of simple investment out here. You can take your pseudo intelligence somewhere else.
The point that I am trying to make is that Andy's talk during these meetings has never elicited a good response from the market.
We live in a real world and one has to cater to the masses and what they want to hear. You are not catering to an elite crowd who understand words of wisdom. Investors come in all types. If you can't impress the market then better stay silent. That helps more.
Any way that's my opinion.
That has been typical of Andy. Bank on him to screw up these meetings time and again. Stating what is not necessary and not stating what he should.
These meetings of Plug have never produced any good. Has always made sense riding the wave upto the meeting and exiting at a high the day before.
Have seen this happen every time.
Struggling now is it ? Any more news.
Well said Randy.
I am in the same situation and thus share your thoughts.
Hey Mike,
I like your constructive summary.
Yeah A1 & Mike,
I have been banking on those glorious plans for 6 years now. Don't get me wrong. I love this stock as much as you all but it has not given me the kind of returns I expected and now I feel cheated even more.
Rephrasing my question for the board.
Why assume a rate of 12 cents for a RS which is planned after 6 months. Are we saying that we expect no upward or downward movement in the PPS till Dec.? If so, that is strange.
Mike,
Here's what I would ask. I have no issues with the reverse split but where was the need to rush with that announcement now.
You have a quarterly result round the corner. There is the financial year end after that. Let's just assume that due to good qtly and year end results the pps had risen to say 20 cents. Would they still speak of a 1:40 /60 ratio.
Even after the year end, they had a good three months till December. Would it not have been prudent to let the results do some talking, get a few more positive contracts under the belt and then announce the RS. If APDN and all of us are confident about doing well, the RS announcement later would have helped all of us digest it better.
Today, like it or not, we all have our share of doubt about how this is going to pan out. They could have done a better job of selling the RS to investors instead of just shoving it down.
Just my opinion. May be wrong.
Why the sudden drop to 5.85??