Replies to post #45188 on Applied DNA Sciences Inc (BNBX)

[speed_of_light]

Thanks for the information.

It turns out we were reading the same thing, only arriving at different interpretations!

I think the "variable rate transaction" reference means APDN is agreeing not to issue common, along with any other types of security that could be converted into common (warrants, convert debt, etc.) -- during such time as Sabby holds warrants.

So, a subsequent financing might take the form of APDN buying back Sabby's warrants if they still are in possession of them.

I don't think there's a "make whole" issue at play here, but I'm no expert in these matters.

Didn't one of the posters here indicate he was a broker?

He may have a better handle on this.

GL

[Snafoo]

Although this is my first post, I'm a longtime investor and am underwater like everyone else. But I am very encouraged by the last shareholders meeting that was on video.

onin2 - please note that the PIPE was based on common stock shares and not preferred shares, so it is not subject to all of the egregious stuff you were outlining.

Also note that it plainly states that APDN agreed not to effect the variable rate transaction on any common stock or securities convertible into common stock.

Am I misinterpreting this or not?

[mcsharkey]

Appreciate You Brother, you've brought Sabby's arbitrage method of manufacturing shares several times. Pay day lending terms seem better.

I'm still on the fence with this. Painful line of credit. Sabby made clear they had active voting rights. I can't discern if they voted.

May be waiting out till July deadline you give us.

I ain't going to talk you out of it. The terms you present are clear (kudos) but they're within what I look at are many lender options.

Wouldn't mind a moonshot announcement at anytime. Bout a month for our 2nd quarter report.

Still mulling over Speedz multi- million option claims for last year. My claim there is it's been accumulated to date.

And it's daunting there as well.

Thank You for tracking this with Sabby's options. I feel it hinges on their strike price vs our PPS in July. Coming up pretty quick.

VR
Mike Sharkey