Applied DNA Sciences Inc (APDN)

[Shail]

That has been the experience of most on this board.

Regarding the letter, we can keep it short and crisp by raking up only those issues which bother all of us. I do realize that we have differing opinions on some. We can leave those out.

For eg. An understanding of their business model. How do they generate their revenue from a typical customer? I am sure we all lack that clarity and hence the gross difference in the estimates that this board made and the actual figure.

Another point would be some transparency on their progress in other verticals. What kind of revenue are they generating from some of their partnerships. What did they achieve by acquiring RedWeb or by partnering with Smoke Cloak or Nisha or Markem Image. They claim to have a better ability to forecast revenue by customer. If so why can't they give us a better picture about their performance customer wise.

One of the reasons given for lower revenues in this qtr compared to the previous two qtrs was delays in signing of contracts. If certain contracts were already in place for the previous two qtrs, I don't get this.

I am sure we can find a lot more.