Yup...the 1.8 million shares represents about 5% of the outstanding share count.
Since Sabby is NOT in the business of holding shares, you can expect them to be selling everything until they're liquidated.
APDN's 10-day average volume is about 230,000.
I think the .40's are coming for sure.
Nice to see some progress with the pending MOUs though. A couple more and things could get interesting!
Haven't been following this stock much...but I keep it on my radar. Is APDN's expenses still $3 Million per quarter?
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We got $1.7 Mill today Otis.
Unfortunately, Sabby and Monty diluted us a bit.
From the PR
Quote:
Concurrently, the Company announced that it received $793 thousand through the cash exercise of 1,773,100 common stock warrants.
Quote:
Warrants were exercised to purchase 1,558,100 and 215,000 shares of common stock at the price of $0.44 and $0.50 per share, respectively.
The warrants were originally issued as part of financings completed in December 2017* and December 2018**.
No inducements or incentives were offered to the parties exercising the warrants, and no commissions or placement fees have been paid related to the funds received from these exercised Warrants.
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