Applied DNA Sciences Inc (APDN): After Reverse Split, If APDN wants to ra...

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Applied DNA Sciences Inc (APDN)

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Re: apdn1mill post# 31628

Monday, 07/21/2014 2:20:57 PM

Monday, July 21, 2014 2:20:57 PM

After Reverse Split, If APDN wants to raise funds let's say, they issue 10 million shares at $4.60 that means $4.6 million , then the outstanding shares will be 20.2 million + 10 million = 30.2 million
Market cap will be $4.60 * 30.2 = $1.389 billion

This is the clear picture. I am totally against this proposal

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