Replies to post #55090 on Applied DNA Sciences Inc (APDN)

[mcsharkey]

Yeah Mr. Big, I was hoping we'd hear from Monty. Hoping for MORE from him, but I'll take it.

Soft pedaling his position as being PASSIVE, no intent of shaking things up.

Got a minor Y-o-Y decline that our market makers are reacting to (SHORTERS, and they're causing personal pain:). Claiming the cause being revenue reporting methods they're shuffling around. Here's some GAAP** chicanery we have to look forward to on May's earnings call (don't want them cancelled again, I still gotta bitch to Sanjay about that:).

Under the new guidance the order would have met the criterias to be recognized in full as revenue upon shipments in June. I want to emphasize, however, that while revenue and direct recognition of this one cotton order has changed cash payments are being received in line with the trends of the orders, and we expect our third and final payment by March 31st.

Also, revenues under certain of our research and development contracts now are being recognized over time on a cost basis based on the work performed during the period as compared to evenly over the contract term as we did historically. If we had not adopted topic 606, we would have recognized additional revenue of approximately $391,000 during the first fiscal quarter of 2019, which would have resulted in total revenue for the first quarter of fiscal 2019 of approximately $1.3 million....

**Generally Acceptable Accounting Practices. Maybe we'll haul in Colorconn's second installment before end of this quarter too.

Maybe....

We're alive.
GLTUA