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Has anyone seen a resolution to the issue of the stock not reflecting in your account after conversion.
Rather frustrating that after almost two weeks this is still pending.
Yet another pointless PR about awards and recognitions. Gets us nowhere.
Struggling in the $5 range.
Yes you are right. I was only suggesting that after the offer is completed, we might see a dip in the APDN stock price.
However, the warrants still offer you an advantage to the extent of their worth.
The maxim guy claims that APDN will announce a number of contracts in the coming 6 to 9 months and that should help. He also mentioned that there is Institutional interest in the offer.
My gut feel ck is that if you buy the shares at $6, you may not be able to sell them back at $6 post the offer. That might take some time.
When I spoke with Andy of Maxim this morning, he hinted that the warrants may cost about $4/ 4.40.
A1 - He was ready to offer me shares worth 20000. He did not specify a limit.
Spoke with him today and he mentioned that Institutional Investors have shown interest and they are hoping to sell 50% of the offer to Institutions and the balance to retail investors.
Will think of that. Unable to trade right now. Will have to call in and ask TD to sell.
That's right Pasta. It is a good offer and under any other circumstances, I would have invested but I am just maxed out right now. Can't afford to put more money into this stock.
If I can liquidate some money from another stock, I might but looks unlikely.
Yes Pasta, that was the offer he made to me too.
Surprisingly large buys at Ask. Not much Bid whacking seen today.
Yes Mike,
The Bears have been awful in the last few games. Jay Cutler has been disappointing to say the least.
And yes to make the mood more gloomy, we are expecting an arctic freeze this week.
The APDN pps does not help matters either.
Here is Debbie's reply received today, on the matter.
Shailesh,
We have looked into this matter and spoken with AST and DTC. DTC (Depository Trust Company) was waiting to hear back from all the brokers and last Friday was the deadline for that. We have put in calls and emails to them again this morning to expedite this matter and are waiting to hear back from them.
On Mon, Nov 10, 2014 at 11:43 AM, Shailesh Bhosale <bhosalesb@gmail.com> wrote:
Hi Debbie,
I called up the folks at AST and they could not help me in any way. When I spoke with the representative at TD Ameritrade, he told me that they are awaiting some information from the Transfer Agent ( AST ). When I called up AST, they said nothing was pending at their end and did not understand what information was TD Ameritrade seeking.
The fact remains that a number of brokerage houses are facing the same problem. None of them have been able to show the converted shares of APDN. Trading in this period has also become difficult.
Could you kindly look into the matter.
Thanks and regards.
I spoke with the rep at TD Ameritrade. He mentioned that they were awaiting some info from the transfer agent for APDN - AST.
I then called AST and they said they were not aware of anything pending from their end. I had also written to Debbie about this and she too said that it was between the AST and the brokerage accounts.
Frustrating to say the least.
TD Ameritrade is taking for ever. Still not done.
You can sell them Any time in the 5 years that they are valid.
L2 is interesting. Some large buys taking place and now we have 1800 shares at $6 on the Ask.
A1
They only want to know whether you are willing to invest more of your money into the S1 offer.
Yes Mike,
Most of it is a rehash of stuff we have already heard or read before.
Unless we get to know the price at which the stocks or the warrants are going to be issued, it makes no sense.
Not convinced enough to put more of my money into this stock now. Will be happy if whatever I hold shows some appreciation.
Not sure how the up listing and the offer will be synchronized.
Mike and Randy,
Here is a link to the prospectus. It is a 150 page document and I have no capacity to go thru it.
https://delivery.i-dealprospectus.com/aspx/external/?AccessKey=S1g0V2k1dy9sVnB1aVRseHZtUGhxSVJleEJ3TDFMVno%3d
Can someone on the board have a look at it please and summarize it for us.
Thanks in advance.
Looking at the Bid and Ask numbers, I have an eerie feeling that they will pull this down unless there is some more news either on the up listing or some deals.
What's with this single trade after hours. Saw that yesterday too and at the same time.
Mike,
No prices were disclosed but what he was saying is that in the S1 offer, along with each common share, you will be given a warrant too, valid for 5 years. The warrants will be separately listed and traded. Not sure whether I got that right but it is somewhat right.
Was expecting me to put in around $10,000. Just beyond me at this stage. He was however trying to tell me that they believe in the stock and would not have backed it otherwise.
Hi Mike,
These guys from the Maxim Group are reaching out to all existing shareholders of APDN. Got a call myself from Andy Grossman, recommending that I invest in the S1 offer.
Need to read through the 150+ page prospectus that he has sent to me but he was making it out to be a good investment.
The S1 offering will open on the 26th of Nov. Not sure whether we will up list to either the Nasdaq or NYSE before that. Quite likely though.
Not sure where this is headed but certainly not happy with the way it is trading post the split. More of the same shit pre split.
I don't remember having seen anything other than this article.
No one can predict anything about this stock. Only the MMs and the management know where this is headed.
Hi A1,
Here is a link to an article talking about DLA and Chromologic.
http://breakingdefense.com/2014/10/plant-dna-micron-patterns-dla-gets-high-tech-vs-counterfeiters/
Wow. Don't have the motivation to put any more money in this stock.
I hate the way it is being held down right now.
To be honest I have not read the whole document and hence cannot comment.
Will go thru it.
Oh! If they are willing to pay 10.5 then it means a lot.
What is this. I did not understand.
5.64 to be precise and 325 shares.
APDN trading after hours?. I see one trade at 5.6 for 300 odd shares.
By the way I had asked her about the up listing and she said that they are trying for both Nasdaq and NYSE and said that she would let shareholders know as soon as it is done.
No commitments on the timing.
Wow WT,
That's a good rumor to stay with. Thanks.
Hey jd,
I like your rationale behind pursuing a law degree. LOL.
What's with this Ask of 2600 from ARCA. Earlier in the day it was at 5.40 and now it is at 5.29. Why are they messing around with us.
Only the numbers have changed and nothing else. The degree of manipulation continues and the players are the same.
So we have no respite.
Ok . Thanks JLH2
Great. My TD Ameritrade account still does not show my shares. How do I trade.
Would like to sell some and buy back at a lower price point.
The discussion on the dilution % is great but I am worried by the morning's trading. Down to $5 already.
How are they going to retain this above $4 at this rate. What is it going to take make this interesting. Where are the institutional investors who were supposedly waiting for the $5 mark.
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.