Replies to post #56362 on Applied DNA Sciences Inc (APDN)

[mcsharkey]

Two_citations from_very_recent EDGAR filings_on_Hayward's holdings to consider here Abew:

August 22, 2019. Hayward 2,431,671 shares of the company.

August 30, 2019, James A. Hayward claims to own 7,991,870 shares....

That's a pretty damn impressive jump! From yesterday's notification, there was a cautionary caveat about possibility of errors.

Thinking yesterday's is really a correction to an error made on the 22nd August record. AND yesterday's ACTIVIST clause as a pre-emptive filing for a yet-to-be-announced PROXY ballot we'll be having soon on a reverse split to remain on NASDAQ.

Buck a share PPS. I think that's the key requirement, not $35 million in cash, which is unattainable.

MHO.

Also, Jim's letting us know his votes are the ones that count.

GLTUA

[mcsharkey]

A little more from the Form 13D correction/report filed after close for the week Abew. First, here's
THE LINK. Effed up view on that page when you don't have a account or subscription (just a scroll-able view displaying a couple of lines at a time), but in that restricted view, SELECT ALL, copy, then paste into whatever text editor you like.

We've had significant dilution since the 35 Million oustanding shares of June:

The percentage calculation is based on 43,221,209 shares of Common Stock outstanding as of August 21, 2019

That is ~8 Million shares held by Hayward divided by (÷) ~43 Million O/S (Outstanding Shares) = ~18% of our shares are owned by Jim. No purchases recorded since the 22nd of August. Nuther thing to note about further dilution, or positively, funding:

...as part of hies equity compensation for his service to the Issuer, the Issuer has issued....2,279,168 shares of common stock which may be exercised within 60 days.....

Ahhh, dunno. Jimmy's bailing us out. I'm finding his support at this time comforting.

GLTUA