Applied DNA Sciences Inc (APDN)

[mcsharkey]

SWAGGING a bit on Theracann's IPO Otis, and what their convertible offering may mean to us. BTB (Before Trusted Brands) and still listed as underwriters for NEXT MOVE, Laurentian Bank Securities was providing some data on an IPO. I pulled out about 14 Million shares to be offered with price target from Can$7-to-Can$8 on initial offering.

From there, my factors bring us to ˜5% ownership with the current exchange rate around at 1.3times; Canada to US.= 5.2 mill ÷ C$7 (PPS) ˜ 750K of TheraCann convertible preferred stock).

Issue currently is NO ACTION on the amalgamation with Trusted Brands. I still think POT is going to be our savior. Maybe this "AMALGAMATION" will make us more appealing as a buy-out candidate.

My 2¢s