Applied DNA Sciences Inc (BNBX)

[mcsharkey]

I'm in total agreement with you Shail on penny stocks on the OTCCQB exchange are primarily POTENTIAL stocks whose pps reflects that.

Unfortunately, the lack of DLA expansion or other services coming out with their own purchasing/labeling mandates or requirements has really hurt us when the extent of limiting marking to 5962 circuits really became understood.

And many of us (me) assumed the DLA mandate was enough. I saw Sea Pigeon's post back about another year, and I'm agreeing with him. The earnings report is coming, my concern is the shorters looking at APDN as an easy target to bring down on a poor report.

Patrick Cox alluded to this type of action in an article I posted here. Don't want to cause heartache, I think APDN is too visible, but killing the stock for a tax write off is a possibility. We can fight back by keeping FINRA focused I think.

Writing off a worthless stock By Kay BellLink to full article on Bankrate.com
Taxes » Investment Taxes » Writing Off A Worthless Stock
Although it may not seem so in volatile markets, investing in stocks is a sound, long-term way to build wealth. It also offers some tax advantages. In the best scenario, your holdings appreciate and you sell them for a nice, and lower-taxed, capital gain. Even when a few assets don't do as well, you always have the silver lining of being able to use those losses to offset your taxable gains.

But what if your shares of a corporation dropped off the stock-market radar before you were able to unload them? You might be able to write off the holding on your tax return as a worthless stock.

Worthless means zero value
Before you can use this tax break, the stock must be totally worthless.....