Replies to post #32723 on Applied DNA Sciences Inc (APDN)

[Kavanova]

Pasta.... I was unaware that there was a category called, "sub-penny stocks." (smile)

You asked... and I took a few moments to pull up one that I knew of. Perhaps I should not have wasted a few moments of my life.

Now.. take a few moments of yours and look at the price history for this stock. Although now a "not-even-a-penny" stock, this stock was (only earlier this year_ in the $0.60 - $0.70 range.

I simply spent my time bringing it up because you asked. There are many, many "penny" or "sub-penny" stocks out there on the OTC and pink-sheets who are diluted beyond comprehension. Many of those same companies have nothing of real value to offer consumers/companies or shareholders and thus, never move. Other penny/sub-penny stocks have a legitimate product but no avenue to marketability and/or no financial backing to weather the storm to profitability. Others, (my opinion is APDN is in this category) have a superb product and may very well have the financial backing to weather the storm to profitability. That serves the consumer and companies using their product well. The question comes down to the shareholder's profit. If the company is diluted or suffers from a longer-than-expected time to income/profitability, the company has to dilute to survive. If APDN can overcome this obstacle... it becomes one of those rare penny stocks that serves all three categories (consumer/company/shareholder) well.

Look up a company called, "Conectisys" sometime. Symbol was once "CNES"...then conveted to "CONC". This company tauted smartmeters for utility companies and went so far as to have several working test facilities and negotiations with large utilities for test contracts much like APDN does today with the government. Conectisys diluted to survive... contracted loans that converted into warrants and further dilution. Then, after the company's CEO adamantly stated for years he would never reverse/split the company, did so for the very same reasons APDN is striving for today. (exchange listing and institutional investing). The company was on the verge of signing a contract for a utility meter project with some 100,000-plus meters. Conectisys reversed... listed on NASDAQ... and immediately was shorted. The contract fell through and profits failed to come in. The company further diluted to survive and eventually went bankrupt. That whole history lesson above lasted from 1998 to 2010. The price per share fluctuated from $2.00+ to sub-penny... back to over $4.00 with the reverse...and back down to the depths of hell in the sub-penny world.

What's my point here? Simple... There are many penny/sub-penny stocks out there diluted as all get out. They can all spin an amazing story and reverse the course on a dime if they control the stock and choose to do so. This scenario includes APDN at the moment. Does APDN have some very good opportunities to become a "golden child"...? Yes it does. Can it still fail...? It sure can.

Don't base your entire investment on message board traffic. Just as there is good information to be had, there is just as much bad info. If you want to strike it rich.... you have to also do your own homework. If knowing other penny stocks were diluted to the extent of APDN.... you could have easily found that out without arguing it with others here. Without also doing your own homework, I guarantee you will eventually lose your @$$ in the penny market.

Regards,

Kav

[Kavanova]

Pasta... Take a moment to read through the two definitions below. I think you will begin to notice, (especially if you take a few moments of your own research time to look over various other offered definitions for the two terms "penny" and "sub-penny" stock) the two terms often have very little to do with the price of the stock as opposed to the illiquidity, etc.


Investopedia explains 'Penny Stock'...


The term itself is a misnomer because there is no generally accepted definition of a penny stock. Some consider it to be any stock that trades for pennies or those that trade for under $5, while others consider any stock trading off of the major market exchanges as a penny stock. However, confusion can occur as there are some very large companies, based on market capitalization, that trade below $5 per share, while there are many very small companies that trade for $5 or more.

The typical penny stock is a very small company with highly illiquid and speculative shares. The company will also generally be subject to limited listing requirements along with fewer filing and regulatory standards.

Enzinearticles.com explains "Sub-Penny Stocks"...

Many people, who are not too familiar with the world of stock trading, are unaware of the different kinds of trading stocks available. So people often wonder about what are sub-penny stocks, when they come across the term for the first time. This type are those stocks that are traded between the price range of $0.0001 and $1.00. These stocks are generally traded over the counter or by use of quotation services including OTC Bulletin Board and Pink Sheets.