Applied DNA Sciences Inc (APDN)

[hock1]

mcsharkey...The purpose of appearing at that tech conference was purely an effort to build institutional interest and ownership (i.e., open-market purchasing). Given more than 12 months of cash (with present burn rate), the Company will not be selling shares at the current share price level. Depending on the degree of EBITDA profitability in the second half of this FY, they may not need to raise again. However, IMO, at a stock price of $5-7.00, they might sell a bit for general purposes.

Bottom line: there is no need for a capital raise in the near term.