Applied DNA Sciences Inc (APDN): Thanks abew4me. Looks like the reset for...

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Applied DNA Sciences Inc (APDN)

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Re: abew4me post# 53340

Saturday, 08/25/2018 8:34:16 PM

Saturday, August 25, 2018 8:34:16 PM

Thanks abew4me. Looks like the reset for Sabby’s warrants would be the price per share of any new offering rather than the higher price of any attached warrants assuming the new issue is done below $2. If the pp is done above $2, then no impact. So Sabby’s warrants continue to hold their original value relative to any new issue. Is that the way you see it?
If so, the eventual money APDN gets, assuming Sabby at some point exercises its warrants, will be less than before a sub $2 new issue. But it will still be signicant new money into the company’s coffers. Plus the new issue money. A nice scenario for Sabby for sure but not that bad for the rest of us.
Do you know how many warrants Sabby currently owns?

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