Applied DNA Sciences Inc (APDN)

[Shail]

Drr- I can understand your frustrations as I a. Going through the same myself.

Year in and year out the Dr has only sold us pipe dreams and quarter after quarter he has disappointed us with the results. Though on paper we see growth the numbers are not at all where they should be.

Expenses have been always on the higher side. I do understand that a start up or growing company has to spend but at any given point the revenues generated have to be proportional to the expenses or vice versa. If they cannot ramp up revenues, they have no right to spend so much or add so many people.

Quarterly revenues have been measly. Even crossing a million in a quarter has been difficult. I feel that their revenue per contract is very low and the potential for revenues through authentication is only futuristic. How the hell are they ever going to sell enough to exceed the astronomical expense figures.

I had written to Karol about the expenses and the shortage of cash and she gave me some standard political answer.

I have stuck with this shit for 6 long years thinking that the next quarter will be a good one but it is always a moving target.