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ckuratz

11/18/14 2:27 PM

#34570 RE: Shail #34567

Shail....If the silver lining you ask about relates to more liquidity, then yes. However, I still don't believe that the FMV for APDN is being established currently because of the contamination caused by APDNW. Remember, the S-1 caused a new group of traders/investors amounting to 20-40% dependent upon whether warrant holders are included. Those who participated in the secondary are up 11% currently.

An artificial ceiling was installed for APDN at $3.25 when the S-1 was executed. How this valuation came to be is anybody's guess. Only Maxim and management know.

We need some blockbuster news to crack through that ceiling. I remain optimistic that news is forthcoming. GLTY.

apdn1mill

11/18/14 3:10 PM

#34571 RE: Shail #34567

Shail,

I think it is due to secondary still going on. I guess the last date is 20th. Lets see if the volume stays same after 20th.