510 FACTUAL Reasons to SELL this DUMPSTER Stock!510 FACTUAL Reasons to SELL this DUMPSTER Stock!
501. Around June 2016, Maxim Group put out a BUY recommendation for APDN.
502. History shows that was a terrible mistake and should serve as a strong lesson to not trust these firms because often there is a conflict of interest.
503. There’s an old saying, “Don’t Bite the Hand that is Feeding You.” In other words, never say bad things about a company that is paying you!
504. Now let’s look at what the Maxim Group had to say about APDN.
505. “APDN On-Boards Synthetic Fiber Producer, Paving the Way for Commercialization in Synthetic Fiber Market.”
506. “Summary: The company announced it has successfully tagged and tracked five million pounds of synthetic fiber in its previously announced pilot.”
507. “The synthetic fiber was provided to a synthetics producer…which used the material to manufacture polyester for automotive, apparel, and industrial applications.”
508. Maxim said the size of the synthetic textile market was more than twice the size of the cotton market.
509. Maxim expected “meaningful” cotton orders for APDN.
510. Maxim maintained its BUY rating.