Replies to post #31611 on Applied DNA Sciences Inc (APDN)

[mcsharkey]

Yeah Shail, to get to $5 ÷ .121, our close on Friday is a 40-to-one ratio. We need the $5 share price for the NASDAQ. 33-to-1 for a $4 pps requirement.

Looking for ADNAS to give me more assurances. Back in 2011, major banking corp went through a reverse split that still hasn't worked out. Long time retail shareholders got pretty _____ beat up after being stead fast through the hardest times. Not beat our own drum, some look like they'll make a fortune on any positive news from expecting events to pan out.

We're going to take a bit of a beating. Excerpt from THE STREET from what I now consider an equivalent corporate move to cover their assets while taking ours. Trying not to be overly dramatic. I actually did OK with this whole deal on Citi. Just not the break I expected.

All submitted for perspective. I do agree to this corporate viewpoint entered down below:"It was done to reduce volatility and to get shareholders out of the stock who were using it as a trading vehicle." For our own benefit. I think we have to move off the OTCQB (over the counter trading boards)

I am hoping we can raise some justifiable concerns our board will listen to. We've been very supportive, I feel an allegiance is owed. May be way off. Here's a story I know about.
:

THE STREET
C___group Reverse Split Still Irks Shareholders
BY Shanthi Bharatwaj Follow | 04/24/13 - 03:03 PM EDT

NEW YORK (TheStreet) -- It has been nearly two years since ^?^?^?^?^ decided to do a 10-for-1 reverse stock split, but it is still a sore point for Citigroup's long-time shareholders.

At the bank's annual meeting in New York on Wednesday, shareholders repeatedly urged management to consider a stock split, a move they hope would restore the money they believe they lost as a result of the reverse stock split.

One particularly irate shareholder clamoring for the 10-for-1 stock split claimed to have lost more than $1.5 million as a Citigroup shareholder of more than 30 years. "You guys know what the price of the stock is. It is the same price when we did the reverse split. This stock has to reach $600 for me to break even. Bring it down to $4.65 and then maybe it can climb back up to $60."

However, CEO Michael Corbat and Chairman Mike O'Neill said they backed the reverse-split move. While they remained focused on bringing the share price above tangible book value, the bank won't consider "splitting our way to prosperity," O'Neill said.

"This[reverse stock split] wasn't done to engineer the stock price," Corbat said in response to shareholders. "It was done to reduce volatility and to get shareholders out of the stock who were using it as a trading vehicle."

Citigroup's then CEO Vikram Pandit and former Chairman Richard Parsons said the purpose of the reverse split was to increase the share of institutional investors holding the stock. Many mutual funds, they argued, are prevented from holding stocks that trade below $5, while others don't buy stocks that don't pay a dividend.

vr
Mike

[mcsharkey]

Agreeing with you Shail, I want to be uplisted, however. I want to go with the lower priced per share index. I can certainly handle a $4 pps of the NYSE (now 33 to 1) vs. NASDQ at 41 to 1 for $5 minimal listing.

Another factor is the variance from Day to Day. I'd be more inclined to the NASDQ if we rose to .25 suddenly. I certainly don't want to concur to a blank check approval for the board. They have some selling to do.

VR
Mike Sharkey