Applied DNA Sciences Inc (APDN)

[Go_APDN]

Vince - The authorized shares weren't "proportioned" to 500mm. Rather the company had to obtain shareholder approval to set the amount of authorized shares at 500mm which was a reduction from the previously shareholder approved amount of 1.35bn. This was a separate operation from the reverse split. What will be "proportioned" in a 1 for 60 fashion are the current outstanding shares of 800mm and change along with the non-exercised options and warrants.