Applied DNA Sciences Inc (APDN)

[Shail]

GD450- I wonder whether the lower pps helps the management to show an artificially better performance on net loss. I remember the Dr having said that a higher pps leads to higher warrants related cost and hence the lower pps suits the management. This way they keep getting their stock options and money through dilution and yet show the net loss to be lower, thereby managing to hide the inefficiency in their operations.

High expenses has been a problem with APDN. Revenues are not ramping up exponentially to justify the higher expenses.