Replies to post #31631 on Applied DNA Sciences Inc (APDN)

[apdn1mill]

JLH2 ,

My math is totally screwed up. Posted that soon after lunch. Thanks for fixing it.

[Shail]

Their burn rate is pretty high. Right now they are losing about $5 mill per quarter after removing the non-cash loss.

Hence I would guess that in order to sustain their operations, they would need at least 10-15 mill per year, assuming some revenue growth and control over expenses.

Given their precarious financial situation, they would like to secure themselves for at least 2 years instead of looking for funds quarter on quarter.

Getting up listed allows them to do that with a lower number of shares though it will be interesting to see who would be willing to pay the, 4.8 per share. Maybe some big fund will agree, based on the future potential that they see.

Either way it is not as straightforward as it appears. There are the advantages and the risks associated with this RS. My main concern being, do they have the revenues to sustain a $4.8 pps for long. Current revenue growth compared to expense growth has been pathetic

[mcsharkey]

Thanks for the "market correction" JL, and $10Mil we do have a lot of questions need some answers. Getting the math rite, write, ahh right always helps.

Don't know what the case would be for us if that market manipulation against us the whole last quarter of 2013 hadn't happened. I'm still claiming a combo SHORT STRANGLE/SHORT STRADDLE held us deliberately low, then the FAILS TO COVER debacle on December 19th (or right there abouts around).

Healthy PPS gives the company liquidity. I still believe this to be a great product for National Defense. Low PPS forced us into extended credit terms nobody liked with Crede or Terence Pizer. I still stand by the short sale/failure to close attack hurt our National Defense by fiscally crippling a promising company.

My 2¢'s any way.
vr
mcsharkey