APDN's Obsolescence and Failing DNA Market Position: Synthetic DNA and Competitor Superiority
Now that you understand the quality of the people behind APDN, let us evaluate the product they are touting so you can begin to understand the bigger picture of what is happening here. It seems many APDN shareholders and touts believe APDN has something unique or the best DNA authentication offering available. I think research shows that nothing could be further from the truth. While APDN's failed CEO apparently compares their obsolete technology to penicillin and Thomas Edison's light bulb (q1 2015 call), real investors who have done deep work talking to competitors in the industry know APDN's technology is obsolete and failing.
Remember APDN's product and technology was created in a late 1990s Chinese lab, which apparently gave up on it and sold it to APDN in exchange for penny stock shares. Since then APDN has spent virtually nothing on R&D so you should not be surprised to learn APDN is now hopelessly behind the technology curve while other DNA tagging and authentication companies dominate APDN in this small niche market. Not only are there other superior plant-based organic technology based products and companies available but a whole new class of "Synthetic DNA taggants" have been invented since APDN came on the scene, which offer vastly superior security and functionality at a structurally lower cost.
Source: APDN 2015 Alpha Report, pp. 28-29.
"OUTRAGEOUS! Can you imagine that Dr. Hayward compared his company's product with the invention of the light bulb by Thomas Edison! Is this man an IMBECILE? Is this man an IDIOT? This actually took place in a conference call in 2015 and as far as I'm concerned this is unmitigated FRAUD. Does Dr. Hayward think we're all a bunch of fools? Well I got news for you Doctor Hayward I'm not a fool and I'm calling your bluff. You're a dangerous con man."
Source: Yahoo Finance Message Board
