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you are looking at another meaningless press release. There should be one more before the earnings release by my estimation.
Similar to the December 8 press release when APDN was celebrating the Turkish fertilizer initiative, failing of course to mention that they had lost the project...
there will be one more right at the beginning of August. That's the pattern. About one a week starting on the 10th of the month following quarter end. Never fails.
I don't think you understand what IDT does. If anything, IDT competes directly with APDN. APDN made a big deal about their large scale DNA production capability which is, unfortunately for them, not really viable from a cost stand point. IDT does large scale DNA production out of their Belgium facility, amongst other things. In any case, APDN never really had a business in DNA production (do you even remember that PR? that has fallen by the wayside and that was going to bring Fuji on board, etc. etc)
And for the life of me I cannot figure out how you all decided that Danaher is a possible acquirer. You realize that "news" was fully generated and distributed within this board? There is no other evidence of that anywhere. Just a home brewed story...
Are you suggesting that APDN is a startup? Because they have been around... what?... 25 years?
When I gave you all the heads up about the Turkey project (and I am curious why you think it is a treacherous acts, seems to me that APDN fair and square lost a business) you told me that I was making things up and questioned the validity of my sources, etc... the usual.
So I will tell you one more thing and let the ridicule begin. The UL agreement is not what you think. It is an essentially meaningless piece of paper, another PR that APDN releases post a terrible quarter close to shore up their SP prior to what is expected to be a brutal conference call. Mark my words, not a dime of new business will be generated by this "collaboration."
what seems strange to me is that you read what is essentially a corporate ad for Danaher and Videojet and somehow you relate that back to APDN. That is really strange...
Alas, you are light years off...
so wait...
did you take another bite of the delicious apple as you were planning on Sunday or did you dump a bunch of shares as you are claiming on Monday. Or, you know, both?
So a 50kg bag of ammonium nitrate in Turkey sells for about $8. If someone charges $0.013/lbsfor DNA tagging, then the 50 kg bag would be burdened by $1.3 just for the tagging,. Do you really think that anyone is prepared to accept a 16% increase in the price of a commodity just for DNA marking? Now you understand why APDN cannot get any traction. It does not have a viable business model unfortunately.
Shouldn't you first perhaps ask if the company believes whether its patents have been infringed upon? My guess is that if the company believes that, they are taking action. And if they are not taking action, this would probably suggest that they do not see an infringement.
you realize that another company already announced that they got the contract right?
Are you suggesting that 2nd, 3rd and 4th quarter numbers have been stellar? Not obvious to me.
Socialist??? Really? Because a lot of the rest of the world thinks Erdogan is a right wing Islamist dictator.... Good to have different perspectives though
So in your mind if they have not won a single source contract, they are lying? Who said anything about single source? All I said is that they have won a contract and APDN has not. Maybe they will win something in the future but at this point they are probably the underdog.
As for making money on them, I doubt that many people have made money with APDN. You don't know where or how I invest and it is possible to invest in startups, in case you are wondering.
Their January 9 press release says that they have already delivered twenty systems. The APDN December 5 press release says that they have received no orders. I am not sure what you are suggesting but I think you are trying to read between the lines and what is between the lines is the same thing as it is in the lines. Safetraces got a contract and delivered. APDN did not and has not delivered. Are you suggesting that someone is lying? And if so, who?
I think that's the definition of sour grapes....
How will APDN scale the business? It is not like they've had any kind of volume in recurring business. I guess you need to decide if you put your faith in a dinosaur who has been unable to get any traction in 15 (or is it 20) years and a startup that seems to have gotten a contract that APDN bid for and lost.
Well what we have is one company (APDN) that releases a press release unequivocally stating that they have no orders from Turkey. And another company (Safetraces)that releases a press release that states that they delivered a number of systems to a country that sounds a lot like Turkey. Somehow people here seem to think that there more here than it meets the eye and somehow APDN has come out on top in this. I don't think that is rational.
Here is something on fertilizers that probably answers the question as to where APDN stands wrt Turkey
https://www.prnewswire.com/news-releases/worlds-first-dna-based-traceability-system-delivered-to-secure-fertilizer-production-300579638.html
It's actually about 15% higher than last year
the company was clear that as of December 5 (and then December 27) they had NOT received an order from Turkey. Where do you see the clamming up? You want to believe that they have an order but logic says that if not getting an order was newsworthy, then getting an order would have definitely been newsworthy. If they have not released any news it is simply because there is no news, they have not received an order. As I hear from Turkey a number of factories are already up and running. APDN does not have a presence. Sorry to disappoint you but that is the reality.
If there is a phantom customer/middleman then they are paying with phantom dollars because nothing is reflected in APDN's bottomline. And with the tagging system up and running on January 1st, APDN would have recognized the revenue already. They have a history of recognizing revenue a year in advance, I don't think they would have waited for this one.
I think you are stretching.
So if it makes no sense to you, is it a good assumption that you are missing something? Because this is what is happening here. The article leaves no doubt that the system is in place and is starting operations on January 1. APDN by their own announcement has not received any orders from Turkey. What is this telling you?
I do but sorry I can't share. You will find out within the next week or two - there will be an announcement, I believe.
You seem to be overly concerned about alternate truths. Don't be. If I am wrong I am wrong and if I am right I am right. You just sit tight and wait for the January 2nd (or is it 3rd) announcement that will never come. You have been in the same predicament before with announcements about DLA mandates and ginning seasons and pharmaceuticals and recycled plastics etc. etc. etc. Maybe time to hedge your bets a bit.
this conversation is pointless and we both know that. You will believe what you want to believe and I will believe what I have seen with my own eyes. I am sure the company that won the contract will make some sort of announcement at some point or another. But if you hold hope for an announcement by APDN on January 2 or 3, there just a couple more days to wait.
Doing OK, thank you, Hope the same for you.
I don't really have anything else to share, sorry. APDN did not win that Turkey contract, as I understand it they did not even submit a formal bid. I am not sure why my insight contributes anything you don't already know. You know the DNA tagging is going into effect on 1/1/2018 and as of December 5, 2017 APDN had not received an order from Turkey. Same applies as of 12/28/2017 (conference call). So not much can really happen between 12/28/2017 and 1/1/2018 particularly considering the weekend... The people in Turkey have committed to a different vendor and they will be up and running in a few days.
As I have mentioned before I don't own any APDN shares and have no reason to contribute anything positive or negative unless I believe it to be accurate. I am just interested in this field and I try to remain impartial. I really do think that the ship for APDN has sailed but I truly hope I am wrong and I stay somewhat connected to keep the hope alive.
Happy New Year.
right of ignore feature exercised
Although there is no doubt that there are people on this board whose faith in the stock is inversely proportional to their understanding of the market, business and technology, your comment remains pointless at best, mean spirited at worst. If you have something material to contribute go for it, although that is also generally pointless as I have found out myself. If not, embrace the holiday spirit and let people be.
'As of this date, the Company has no specific orders from Turkey."
And you expect that as of December 5 APDN had no orders from Turkey but as of January 1 they would have a fully deployed system tagging fertilizers there. Ok I'll let you decide if that is rational or not. You can think of me as an agent of evil forces who is here to manipulate this powerhouse stock, create fake news and basically drive the US economy to its deathbed. Because a chat board is the best way to do that.
Signed
Vladimir P.
Just trying to help out here. The Turkish contract has already been granted, to a different company, not APDN. They will be up and running next week. Perhaps the African contract is up for grabs, if there is a tender.
I admire your conviction. Good luck to you
Well, but you would not really expect APDN or any other company for that matter to acknowledge the competition in a press release, at least not in any positive context. Anyway, the Turkish Fertilizer business is already taken by another company. I have confirmation of that and perhaps you think I am making things up but I expect that either the APDN conference call or the other company's announcement will confirm that for you. They will be up and running around January 1, per the mandate.
I am not sure about that. On December 6 2002, Applied DNA Sciences had a NASDAQ IPO as, you guessed it, Applied DNA Sciences.
Which really begs the question, what they have been doing for the last twenty five years? I think it is a constant stream of bait and switch, quite frankly.
I think that means that APDN has lost this business. Their last press release was explicit in that they have received no orders from Turkey so I don't think they can receive an order and deliver in two weeks.
"The technology is still in its early stages."
"Again, the technology is in its infancy."
You know that the company has been in business for - what? - twenty? twenty five years? And some of the patents date back to the 90's. Probably approaching expiration.
If the technology is still in its infancy I think it was a still birth.
No interest in making fun of anyone or anything. But you know it is not possible to be all things to all products. you are a smart guy, I think you are letting your passion for this technology cloud your judgement.
I sure wish it is a big leap ahead but how many times have the people on this board held their collective breaths for that elusive big leap ahead? How many times did one of these joint efforts in a huge market, etc. etc. generate any revenue? It's good to be optimistic but this company is taking everyone to the cleaners. Maybe it is time for some tough love?