Replies to post #58267 on Applied DNA Sciences Inc (APDN)

[Parkmart]

Many investors that go back to the 90’s used to post on here.
They have all left now. As I have posted before, the only way APDN has ever generated positive cash flow is by issuing more shares every year. Then when the number of shares goes beyond 20 million and dilution sinks the stock below a buck, Hayward gets a delisting notice. He then reverse splits the shares to regain compliance.
To my knowledge, the company has never shown a profit.
I am not surprised to see legal proceedings commenced. It should have happened over 10 years ago.

[Parkmart]

Many investors that go back to the 90’s used to post on here.
They have all left now. As I have posted before, the only way APDN has ever generated positive cash flow is by issuing more shares every year. Then when the number of shares goes beyond 20 million and dilution sinks the stock below a buck, Hayward gets a delisting notice. He then reverse splits the shares to regain compliance.
To my knowledge, the company has never shown a profit.
I am not surprised to see legal proceedings commenced. It should have happened over 10 years ago.