Applied DNA Sciences Inc (APDN)

[Shail]

No kbar. With a proposed RS ratio of 1:40, just 10 cents can get us to $4. The problem will be with sustaining the $4 price for some months, to remain listed.

Hence a cushion above $4 will be welcome. Hence APDN might use the highest permissible ratio of 1:60, if the share price is low. If the pps is in the teens, then we benefit in two ways:

1. We could do with the lowest ratio of 1:40 and
2. Even a pps of 13 cents will put us at $5.20 at this ratio.

Anything higher will be even better. Unfortunately, I understand that the lowest ratio to be used will be 1:40. Hence even if we reach a pps of 15 cents by luck, we will be listed at $6 but they will not reduce the RS ratio further.