Friday, March 08, 2013 11:11:21 AM
SigNature(R) DNA, the well-known APDN evidentiary marking product, is now used to protect over 26% of the cash in the United Kingdom as money is moved to and from banks and retailers. The cash in transit technology was also adopted last year by the Scandinavian security firm Nokas AS to be used nationally in Sweden. The company's DNANet product, a tactical forensic marking system, is used by law enforcement in the United Kingdom and Sweden for covert police operations. smartDNA, an anti-intrusion forensic marker, is used to protect over forty jewelry stores in Sweden, and to defend against copper theft in that country.
Revenue last quarter - $317,670.00 What the ____???????
Several years ago, APDN signed an $8.7 million, five-year agreement with a luxury pen manufacturer. On average, that's 1.74 million per year, or $435,000.00 per quarter.
And that's for ONE company, FOR STINKIN' PENS!!!!! They can't do better than $317,670.00 after several years of doing business and after several new customers, some of which are COUNTRIES, not companies!?
I say again...What the ____???????
I would be very surprised to find out they were reporting all of their income. They can't be. A lot of it has to be getting shuffled under the accounting carpet that connects the hallways of APDN, Applied DNA Operations Management, Inc., APDN (B.V.I.) Inc. and Applied DNA Sciences Europe Limited.
From every 10Q - "The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Applied DNA Operations Management, Inc., APDN (B.V.I.) Inc. and Applied DNA Sciences Europe Limited. Significant inter-company transactions have been eliminated in consolidation."
I'm interpreting "eliminated in consolidation" to mean swept under the carpet to avoid taxes and/or to line certain individual's pockets (not stockholders).
I really think that APDN has made more money than they show. WAY more money. I think they screwed up saying Dr. Hayward would get a large raise after the first quarter in which financials were over 1 million.
I'm guessing they made more than 1 million in a quarter, Dr. Hayward got his raise, and when the revenue they showed on their financials was less than a million, it got everybody saying "What the ____???"
Dr. Hayward probably got all over whoever put that "deal" down in writing for all of us couch potato heads to see. It was such a major screw up on their part, he couldn't NOT mention it in his conference call or it would really look like they were hiding something.
To have the raise be the exact amount mentioned in previous SEC filings that he would receive if revenues exceeded 1 million in a quarter, and then to have Dr. Hayward say it was for something else, or previous years work....just doesn't fly with me.
I think we need to call up Clark Griswold's cousin-in-law Eddie Johnson to go round up Dr. Hayward for us so we can all ask him some questions face to face. lol
P.S.
____ = heck
Recent APDN News
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 08/21/2024 01:45:07 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 08/21/2024 01:43:01 PM
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 08/19/2024 04:12:51 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 08/05/2024 08:27:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 08:30:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/15/2024 08:31:35 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 06/10/2024 08:55:34 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 06/07/2024 08:44:05 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 06/07/2024 08:01:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 08:33:44 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 05/29/2024 04:15:04 AM
- Form 424B4 - Prospectus [Rule 424(b)(4)] • Edgar (US Regulatory) • 05/29/2024 01:44:16 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 05/24/2024 08:12:25 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 05/22/2024 08:26:53 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 05/21/2024 05:05:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 09:25:33 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 05/15/2024 01:50:38 AM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 03/04/2024 10:18:33 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/12/2024 09:25:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 09:05:22 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/08/2024 09:01:31 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/01/2024 09:05:28 PM
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