Applied DNA Sciences Inc (APDN)

[Shail]

I shot out another mail to Debbie and Karol today asking for a response. I now have a reply from Karol, suggesting that call her so that she can address my concerns.

Would anyone like to suggest a few questions to ask, so that I can make the call worthwhile. I know that if I limit the conversation to the stock price, she will say that stock market activity is beyond their control and she will have no comment on the stock trading pattern.

Incidentally, the guy from Maxim called me again today to explain the situation. He was apologetic about the offer price and said that the current volume was from people who had bought into the offer. Though they bought the stock at 3.24 and made a loss if they sold at 2.75, they still had the warrant at 1 cent. This way the new buyers take out all the risk in their buy. This might continue till the offer is still on. He was hopeful that once the offer closes the volume will reduce and in the near term the price could go back to the $5 level. He also expects some good PRs from APDN.

I don't know whether I have understood him correctly but this was the summary of our conversation.