Applied DNA Sciences Inc (APDN)

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Are We Looking At $.216 ? But Then It Went To .12's. Question Was Crede Already cashed Out ?
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As announced in November 2012, when the Company closed on the initial $2 million in financing, Crede was obligated to invest an additional $5,500,000 in convertible preferred stock of the Company on the first business day following the date a registration statement providing for the resale of the shares of common stock issued and issuable to Crede was declared effective by the Securities and Exchange Commission. The registration statement was declared effective January 4, 2013. The closing, on January 7, 2013, was at $1,000 per share of preferred stock which preferred stock was subsequently fully converted into 25,462,963 shares of common stock by the Company on January 8, 2013 at a conversion price of $0.216/share.