Applied DNA Sciences Inc (APDN)

[mcsharkey]

Yeah welcome aboard Go APDN.
On your post:"the reverse split ratio will be determined prior to the conclusion of the offering..... And I think there's an "over allotment" of $1,800,000 that Maxim has the option of exercising after the $12,000,000 deal is done."

I'm in agreement with you that the shares will be purchased at the "uplisting PPS" after the RS. On a positive note with the $1.8M "over allotment", finding several entries where this may be a common tactic in IPO or in our case Reverse IPO actions. Used as a measure for price stabilization, evidently.

Here's a "positive" excerpt on that[/quote]Greenshoe Option from an Investopedia Article by Ana Gonzalez Ribeiro
Companies that want to venture out and start selling their shares to the public have ways to stabilize their initial share prices. One of these ways is through a legal mechanism called the greenshoe option. A greenshoe is a clause contained in the underwriting agreement of an (IPO) that allows underwriters to buy up to an additional 15% of company shares at the offering price. The investment banks and brokerage agencies (the underwriters) that take part in the greenshoe process have the ability to exercise this option if public demand for the shares exceeds expectations and the stock trades above the offering price.
[/quote]A lot in that prospectus that's murky to me. I may be over-reacting to the full underwriter costs because I don't understand a lot of it.

Prospectus gets pretty damn glum in detailing out the most dire of possible consequences. Then balanced with the unending positive possibilities. Right now, I'm on the direst consequences running around my head.

Still of the opinion, though, that this Reverse Split and Uplisting was necessary to survive.

Got a young labrador bumping me for a walk. May help to take care of her "options" now.

Looking forward to your perspectives here.

GLTU and To All
VR
mcsharkey