Friday, September 20, 2013 9:45:24 AM
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shanghaishark • 14 hours ago Flag
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9/17/2013 "New York State Comptroller Thomas P. DiNapoli today announced that nearly $400 million is available for investing in New York-based companies through the New York State Common Retirement Fund's In-State Private Equity Program. Since taking office in 2007, DiNapoli has added $624 million, or more than double the amount for investing, to the program for a total commitment of more than $1 billion."
Thought of APDN when I heard this on the news yesterday.
Bankruptcy is highly unlikely. Maybe it'll take longer, though, than folks expect for the stock price to go up. IMO APDN will start branching out over time with regard to innovating new products, thus creating new sources of revenues/profits. Dr. Hayward appears to be a savvy entrepreneur. I think the s/p will be stuck in the .09-13 range for quite awhile unless a big announcement is made, which I don't think is imminent. Hyper-revenue growth on an absolute basis (not percentage basis) is still a ways off IMO, and so the s/p will probably continue treading water. Now some of you might consider all this superficial conjecture on my part, and you'd be right. Less
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