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Shail

11/05/14 6:32 PM

#34039 RE: apdn1mill #34038

To be honest I have not read the whole document and hence cannot comment.

Will go thru it.
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mcsharkey

11/06/14 9:04 AM

#34045 RE: apdn1mill #34038

Yeah $10Mill, thanks for digging all this out. I'm thinking it's a partial repayment to Crede, not full. Hopefully, Crede will be satisfied to hold on to the remaining warrants.

This is the type and total they now hold.


Security Initial Purchase ||Second Purchase
Type Shares Price($)||Shares Price($)

Cmn Shar 10,752,688 .1860 ||10,695,187 0.1870
Series A 10,752,688 .2232 ||10,695,187 0.2431
Series B 29,569,862 .2232 ||29,411,764 0.2431
Series C 26,881,720 .2232 ||26,737,967 0.2431
A Pref. 5,500 1,000 || N/A N/A
B Pref 5,500 1,000 ||

[/quote]Each warrant type has different variables. None of 'em to work out in an equation with the total you found for us. Going with the Black Scholes factorizing and JDLaws Abacus ++ upgrade on that. Some, come marginally close. Not all of them do.

I do think this is great news. Closer to 75% rise from the initial $6 pps after the split.
Al Jo Brother,
Thanks again
Mike