Replies to post #10550 on Applied DNA Sciences Inc (APDN)

[2020 hindsight]

Yes, but is that revenue from a 7.5 million financing deal which closed this quarter in which they have already received $2,000,000,000.00 in exchange for stock, or revenue from sales?

[rifmemory]

Does anyone remember 'apdn1mill's post today. Why no excitement. Are you all bored with financials in favor of being detectives about who worked with who.

"Dr. Hayward will receive an initial annual salary of $225,000, subject to annual review. Dr. Hayward’s annual salary would be increased to $350,000 per annum after the first quarter in which our revenues exceed $1 million. The Board of Directors, acting in its discretion, may grant annual bonuses to Dr. Hayward."

[johnsyn]

very nice confirmation A1.

[LoveAndLight]

Excellent find apdn1mill!
Thank you posting this. Provides some clarity and justification
for the salary increases which were based off of past agreements that if the Company achieves certain milestones due to the efforts of those officers, they would be rewarded. Totally acceptable! The bonuses are justified for doing the work to obtain the financing and they'll amount to less than 4% of 7.5 million. This is also acceptable and totally fair in my opinion.

Best wishes,
LoveAndLight :o)