Replies to post #47794 on Applied DNA Sciences Inc (APDN)

[Parkmart]

Right. And at this level they are gambling value only. If the stock goes to 10, the warrants are worth 6.50.
That's a great return for 50 cents (13x).
If the stock goes to 10 it's only approximately (5x).
How lucky do you feel??

[JLH2]

While you are right here, abew's original post on warrants indicated that once they hit strike price of $3.50, company get $17.5 million.

Reality is that the company could get $0 if the warrants are never exercised.