Applied DNA Sciences Inc (APDN)

[Bowser]

That sounds like reasonable logic. The only scenario that I could see that might be a fly in the ointment is as follows:

During the recent cc, Dr. Hayward indicates that a pp or financing is being delayed even though cash burn will eat up remaining monies very shortly. Perhaps this was done as a calculated risk because he believes the company is on the cusp of a significant announcement even though no agreement has yet been signed (and therefore cannot be publicly announced). Then a future pp could be accomplished at a much higher per share value.