Applied DNA Sciences Inc (APDN)

[Shail]

Mike,

My explanation - May or may not be right.

Any company will have an Authorized Share Capital and an Outstanding Share Capital. In the case of APDN, their Authorized Share Capital is currently about 1.35 billion and their Outstanding Shares ( shares which have been issued ) are approximately 800+ million.

The Authorized Shares gives the company the liberty to issue additional shares if required.

With a RS of 1:40, the Outstanding Shares will reduce to about 20+ million and correspondingly APDN intends to reduce the Authorized share capital to 500 million.