Post by turner20001on Mar 01, 2024 4:15pm
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Post# 35910256
BOD are Incompetent!
BOD are Incompetent!STRONG SELL RECOMMENDATION - 600 Reasons to Sell this Dumpster Stock
181. “With such a gloomy outlook, investors feel the potential for an improvement in revenue isn't great enough to justify paying a premium resulting in a higher P/S ratio.”
182. “Typically when industry conditions are tough, there's a real risk of company revenues sliding further, which is a concern of ours in the case [of APDN].”
183. “Given the current circumstances, it's difficult to envision any significant increase in the share price in the near term.”
184. Risk Factors include: “Earnings are forecast to decline by an average of 15.5% per year for the next 3 years.”
185. APDN “does not have a meaningful market cap ($9M).”
186. APDN is currently “unprofitable and is not forecast to become profitable over the next 3 years.”
187. “Shareholders have been diluted in the past year.”
188. APDN’s auditing irregularities are worrisome and are currently being investigated by the SEC and edited audits could produce worse financial results when released.
189. APDN’s false and misleading press releases and APDN’s lack of transparency markedly increases investor risk.
190. Too much money is going into insider compensation and not enough money is left over for meaningful R & D.
191. Demodulation, Inc. v. Applied DNA Sciences, Inc.
192. This was a Patent Infringement case against APDN.
193. Defendant APDN challenged the Plaintiff’s allegation regarding patent infringement.
194. Specifically, the Plaintiff alleged that, APDN “infringed those patents by making, selling, and using ‘DNA Embedded Amorphous Micro Wire security products.’”
195. The court ruled Against APDN.
196. Applied DNA Sciences has 14 Competitors!
197. Moderna is one of APDN’s competitors. It’s hundreds of times bigger than APDN.
198. A company by the name of Custom Array is another competitor that does research on DNA.
199. Touch Light is a company that uses proprietary db DNA and its sales are exploding on the upside.
It recently received VC funding of $125 million and is licensing its technology. APDN is no match to db DNA.
200. True Tag Tech, uses DNA tagging. APDN is no match to their superior technology.