Right JLH. This company is too long in the tooth to be financing operating expenses.
I have said several times before, APDN is not capitalized for rapid expansion.
If just 3 of the feasibility tests pan out, and according to Hayward, two already have, APDN might need to expand its capital base. I'm all in favor of that.
But I would much rather they raise the capital $20 a share rather than $2.
IMHO that two or three major announcements happen this week.