Applied DNA Sciences Inc (APDN)

[hock1]

Mike....In answer to your post of a few days ago: The $15M in cash available to the Company for FY2017 derives from a) the Imperial presentation---about $9m in cash as of November 30 and b) the long term receivables of $6M from the 2016 10-K.

Regarding the daily trades of shares initiated short vs. long, etc., I have at certain times in my 50 years of investing and/or managing money, paid attention to this data. But no more, too many games allowed by trading rules that have changed over the last 10-15 years.

An analysis of the APDN financial profile is, unusually, pretty simple. The current quarterly burn rate is about $4M. Any revenues below this number, by and large, define the cash burn. At $4-4.5M, the Company is breakeven to slightly profitable. EBITDA, in APDN's case, is not much different from non-EBITDA. I.e., the Company pays little to no interest, has no tax liability (due to large NOL) and depreciation and amortization are de minimis.

Happy Holidays to you and all here (even those on the dark side!).
Hock