Applied DNA Sciences Inc (APDN)

[abew4me]

That's incorrect JLH2. I never said that "once they hit the strike price of $3.50, company would get $17.5 million."

I said once the share price gets above $3.50/share...

See below.

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Five Million warrants x $3.50 = $17,500,000 (That's $17.5 MILLION)

One thing is for sure...if the share price gets above $3.50/share APDN is going to be receiving millions upon millions of dollars because of all the outstanding warrants.

Each warrant holder will have to pay APDN $3.50 to exchange their warrant into a share.

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So even if the stock price hits $3.75/share, I would have a profit of $2,500 for every 1,000 warrants I redeem.

Doesn't make sense for anyone to hang onto a warrant once it exceeds $3.50/share because you run the risk of hitting the expiration date - which would make them worthless.

As I said in my last post, the warrant price will mirror the stock price once it gets above $3.50/share.