Applied DNA Sciences Inc (APDN)

[hock1]

AG...This is the way I think it went down:

When APDN's stock price was soaring, the Company notified Maxim of their interest in doing a secondary. This was done probably around 6 weeks ago, before the PS article. Maxim, in their customary sliminess, conveyed to a couple of their equally disreputable clients that APDN was looking to do a secondary. These entities, (with or without Maxim's cognizance), enlisted PS to do his hatchet job. In collusion, massive shares were shorted contemporaneously with the article. When the dust cleared, they had a 3- or 4-point profit that could only be covered by the size of this offering. This is why, as I said in a previous post, that they were more than eager to sign up for the $3.49 price, regardless of where the stock went after the announcement of the secondary.