Applied DNA Sciences Inc (APDN)

[Foose]

Just re-listened to the call on my way home. What a s**t show. Cotton was supposed to save our DNA bacon, but if that's not coming in until 270 days after a cotton sale......nine whole months to wait for cash to come in......almost as bad as when Louis Dreyfus was around.

I figure Maxim and Euro Capital take their numbers down tomorrow. But that's probably not the buying opportunity. That won't come until they do a PP.

Beth Janten: As of June 30, 2018, we estimate that based on our revenue forecast model, our cash and cash equivalents, along with the collection of our accounts receivable are sufficient to fund operations for the next twelve months. However, if we do not meet these forecasted revenues, we have established a plan with multiple options, which include further cost reductions, as well as financing.

Auditors prolly made her put that in there. Gotta check the 10-Q to see if there's a going concern in there too.


Ugh.