Mike,
Here's what I would ask. I have no issues with the reverse split but where was the need to rush with that announcement now.
You have a quarterly result round the corner. There is the financial year end after that. Let's just assume that due to good qtly and year end results the pps had risen to say 20 cents. Would they still speak of a 1:40 /60 ratio.
Even after the year end, they had a good three months till December. Would it not have been prudent to let the results do some talking, get a few more positive contracts under the belt and then announce the RS. If APDN and all of us are confident about doing well, the RS announcement later would have helped all of us digest it better.
Today, like it or not, we all have our share of doubt about how this is going to pan out. They could have done a better job of selling the RS to investors instead of just shoving it down.
Just my opinion. May be wrong.
News 
Market Data 
Discover 
