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Thanks Mick. That puts into perspective where the hope is.
And that’s enough promising developments for any company.
We would all like to see hard core, money gushing contracts.
Well, once again everything seems positive. We’ve been here before.
Two years ago Cotton and Defense Logistics.
Last year Videojet, Colorcon, Techmer and ACG.
Now Car-T, Synthetics, designer goods etc.
First time I’ve heard the name.
I do know from dealing with clients that the finest Synthetics come from Taiwan. Since TexRay is in half of the words fabrics, I’d rate this MOU as a big deal.
Calling this company a startup is like calling Betty White an Ingenue.
Christ sakes, Hayward’s been hawking this brand for over 20 years.
My grandmother bout stock in APDN.
It looks likely another $3,150,000 is going into the coffers.
I expect the Sabby warrants to be exercised..
A real, hard-core, money making contract surely would be a welcome event.
He bought 140,000 yesterday and 160,000 2 days ago.
There are other parties/ forces at work here. I say they are pharma related.
I have long stated on this board that there is no reason to do a buyout. Just accumulate controlling interest on the cheap.
He just filed another form 4
27 million shares have traded in 21 trading days or almost 150% of the float.
Nothing should be surprising.
Apparently there is not going to be an end to Montgomery and associates purchases.
Pharma needs something here and they’re going to get it cheaply
1.1 million shares traded in an hour.
Shark, I did get some information today from a forensic analyst at RJ.
It seems my research was close and he is in Pharmaceuticals.
All I can say.
Assuming the technology is “proven” and if management consists of marketing incompetents, these three licenses don’t make any sense: Videojet, Techmer and Colorcon.
The licensee has contracted the right to sell this technology to their clients. This would mean the licensee is doing the marketing.
So, that only leaves the technology. Hayward has chosen not to come clean and explain what the glitches are.
He also chose not to come clean about the cotton fiasco.
We don’t know till 45 days after the quarter end. And then any conference call gets cancelled.
This Rode. This is an interesting tie-in making the system even more fluid:
https://www.iiotevent.com/news/articles/440921-5g-turns-wireless-service-providers-into-indispensable-players.htm
There hasn’t been any meaningful news in over 2 years.
We now know that licensing agreements have no $$ meaning.
A hedge fund recently raised its stake in Applied DNA Sciences stock. Vanguard Group Inc increased its holdings in Applied DNA Sciences Inc (NASDAQ:APDN) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 745,500 shares of the technology company’s stock after purchasing an additional 12,402 shares during the quarter. Vanguard Group Inc owned approximately 2.48% of Applied DNA Sciences worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 6.01% of the company’s stock.
It is surprising and frankly doesn’t make sense.
This high volume so long after the December crash would make sense with any positive news, but we didn’t get any.
You get a notification letter after “30 consecutive trading days under $1.
We are at day 18. Then this happens:
“Return to Compliance
After receiving a deficiency notice, a company has 180 calendar days to return to compliance. A company warned about its shares' minimum bid price must achieve a closing price of $1 or more for 10 consecutive trading days during this period. Report-filing offenders must file the required reports, and then must file subsequent reports by the due dates.
Additional Grace Period
If a company with a minimum market value of $1 million in shares held by non-affiliates satisfies the other listing requirements, it may receive a second "cure period" of 180 calendar days. To receive this, the company must notify Nasdaq of its intent to correct the deficiency. Nasdaq may exercise its discretion in determining whether it believes the company can cure the deficiency.”
This can all take over a year.
I believe a 10% owner does not have to report warrants.
They do have to report when they exercise.
Here is a bit of SEC 16:
“A Form 4 should be filed for any purchases, sales, gifts, or exercise of options that result in acquisition or disposition of the issuer’s equity securities. With limited exceptions, Forms 4 must be filed within two days.”
Looks like he is updating acquisitions every 7-10 days. I expect more.
We also don’t know what related individuals have bought.
And we don’t know the purpose.
I’ll be in Sacramento next week. I’d drive up to Eugene if it were t a vacation home. It’s beautiful country there.
Thanks Rode. That is what I call a detailed explanation of the holdup was about.
Looks like the ARMY CRADA is about to pay off. Hopefully big time.
Can’t find listing of grandchildren:
“His survivors include his wife, Diane Montgomery; five sons, Lynn, Scott, Stuart, Leslie and Robert; a sister, Jane Montgomery; and seven grandchildren.”
Yes it is a stretch. But I think the deceased. Harvard Dr. May be grandpa of the same family.
Doctor, Pharmaceuticals and APDN . If it walks like a duck.
I couldn’t find much through internet searches. Used an alphabetic file of all corporate officers who file with their state of incorporation. It’s not on the Internet. We have in office.
I figured Monty has other interests. Came up with a few guesses based on deduction. Then went to property files and narrowed it down to one.
Still, could be wrong. But the best interest I came up with is Pharmaceuticals.
It looks like he (his group) are still able to buy large amounts below .50 which is his warrants price I believe.
If he continues at this rate and exercises warrants, pretty sure he can demand and get some board seats. Or run his own slate.
Well, one thing seems obvious. All the naysayers and negabobs have a ready purchaser for their shares.
Based on that additional filing, I have to believe it is the same family who run a Pharmaceuticals distribution company in Ohio. The address in Eugene is a vacation home.
What I could dig up isn’t much since the company is not public but family held.
Any other members of that private business can buy up to 9.9% and remain anonymous.
Was a vague possibility two weeks ago, now given further possibility.
Based on that additional filing, I have to believe it is the same family who run a Pharmaceuticals distribution company in Ohio. The address in Eugene is a vacation home.
What I could dig up isn’t much since the company is not public but family held.
Any other members of that private business can buy up to 9.9% and remain anonymous.
Was a vague possibility two weeks ago, now given further possibility.
True. And we still don’t know the story with Pimacott.
And we never get any idea of revenues from GHCL or any other contract
The only thing I can think to say...it recycled PET bigger than cotton?
The Rekoop website looks great for apdn
https://rekoop.pet/
Rekoop is already being sold on Alibaba.
My purpose in drumming Sanjay about cotton was to avoid legal entanglements later.
I tried for over a year to impress on the management at APDN that, an undisclosed “significant event” had likely occurred. Hayward and APDN reported consistently that cotton revenues and the volume of marked cotton was increasing. In fact , cotton had become the major source of revenue.
Then suddenly during the summer of 2017 cotton updates ended. I sensed something was wrong, early on.
When some circumstance takes place effecting a majority of a company’s revenue, the SEC and aicpa consider a significant event to have occurred requiring adequate disclosure.
In fact, as we have seen, the level of this event actually precipitated a “going concern” financial episode.
It is obvious to me , it caused this entire crash.
To date, the company has not divulged this sognificant event. It is a problem with either the application or identification of cotton taggants.
I believe Hayward and the BOD are in violation of SEC rules and regs.
Frankly, we don’t have to listen to the ramblings of ignorant people. Put them on ignore.
I have a shirt that claims to be organic cotton. It has dye in it and an inked on label.
It is not 100% organic. BUT, it meets legal requirements to use such labeling.
The use of a dna Tagant at the ginning stage would not alter this legal requirement.
Organicott has not contracted the use of APDN Taganrog because they don’t want to.
Tell me you’re not proposing that chemicals aren’t used in the cleaning, ginning, and weaving process of Organicott.
Or that the fabric dyes and label inks are organic?
Isn’t that notion preposterous. You do know the air is full of gmo pollen??
What if that lands on your Organicott shirt? Is it still non gmo??
Not true. He is not an insider.
He only has to update quarterly after the initial filing.
Yes, it appears there is a Pharmaceuticals connection between that 5.6 million shares and the Montgomery buying. And it is coming from the vertical I predicted a year ago.
It’s a lot cheaper to buy APDN on the open market than to make a takeover bid.
It’s not necessarily a takeover attempt.
I bought over 10% of a public company and has to file from 3. My reason?
I had a strong feeling a merger was coming.
It did.
Montgomery home location , after some research, shows the property is over 20 acres outside Eugene Oregon.
Bought in 1994 , the property had a 1 bedroom house.
A new house was built in 2005 with no details.
He may have a son involved in Silicon Valley and the family may have some interest in Pharmaceuticals.
It took a lot of research to connect some fuzzy dots on all this.
It looks like steps have been taken to remain fairly anonymous.
But you have to figure, if Montgomery bought over 5 million shares at the crash, and may have another 11+ million from the shelf offering..... it doesn’t look like the level an ordinary investor would would aspire to.
In other words, Montgomery is not a fund, institution or insider. Why would a retail investor in Eugene Oregon invest on such a large scale?
If my research is correct and he is involved in Pharmaceuticals, then I do understand his interest.
By the way, the only way to take a public company private, it to buy the existing shares. Or, gather enough shares to insure success in a takeover.
If you recall past CCs, Hayward always stacked the phone ins with patsies from Maxim , Goldman, etc.
I believe they were given a list of meaningless questions.
I don’t recall an actual retail investor getting through.
Hayward didn’t like the “tone” of retail investors who had submitted questions in advance, and cancelled.
I believe “tone” is a euphemism for “meaningful “.
That allows a lot of warrants to be exercised which will add to the cash.
I’m quite sure the Board is expecting this .
I’m only interested in lucrative contracts this month.
Hayward cancelled the 4th quarter conference call because he has failed to deliver any substantial contracts. Given all the hoopla with these press releases and ever expanding verticals, the fact that Hayward has failed to deliver in any of them , he better consider cancelling the next CC.
That will be a nightmare since the failure alone in Pimacott is glaring.