Post by turner20001on Mar 04, 2024 2:57pm
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Post# 35913975
Everything About APDN STINKS!
Everything About APDN STINKS!STRONG SELL RECOMMENDATION - 600 Reasons to Sell this Dumpster Stock
281. Unlike the vast majority of legitimate companies, APDN uses most its money to pay executive salaries.
282. And there's very little left over for R & D.
283. Twenty years of failures, 20 years of raising money, 20 years of paying salaries and at the end, there’s not much to show.
284. Hayward – You almost got away with it!
285. EVERYONE'S ASKING - HOW COME YEAR IN AND YEAR OUT THIS COMPANY KEEPS ON LOSING MONEY?
286. APDN has a long history of shady deals that go back to its inception and that benefit the insiders including Hayward.
287. The company money has all along been siphoned off to pay the insiders/cronies outrageous salaries and bonuses.
288. With what little money is left, there's not much for R & D.
289. Warren Buffet’s mantra is “Free Cash Flow.” That’s the decisive factor for success.
290. Every successful company I am aware of puts a lot of money into their R & D from free cash flow. But what happens when you don’t have free cash flow like APDN? You FAIL!
STRONG SELL RECOMMENDATION - 600 Reasons to Sell this Dumpster Stock
291. It's a virtual certainty that APDN will post another quarterly loss.
292. We all know now that APDN lost its $35 million contract with CUNY.
293. However, what many investors don't know is that 2 to 3 companies make up about 80% of APDN's revenue stream.
294. That's a very precarious situation. Losing just one contract would be catastrophic for APDN.
295. Investors need to understand that APDN is a house of cards and could collapse at any time.
296. But I can guarantee you one thing; CEO Hayward will never tell you this.
297. The evidence I have presented to you is quite compelling. I believe it is fair to say that all long-term investors (excluding short sellers) of APDN have sustained extremely severe losses. I believe it is fair to say that CEO Hayward is extremely disingenuous. He cannot be trusted.
298. I also believe that the Directors of APDN have conducted themselves in a grossly negligent manner by having not replaced CEO Hayward. This is inexcusable.
299. I understand some people are bullish on this company. They are entitled to their opinion. But without supportive evidence to back their bullish position, their opinion fails in the “Court of Public Opinion.” These people are ignorant and delusional. Unfortunately, they make up a significant proportion of our society.
STRONG SELL RECOMMENDATION - 600 Reasons to Sell this Dumpster Stock
300. Conclusion: It’s only a matter of time before APDN goes out of business. Good riddance evil Hayward. You have destroyed $1/2 billion of investors’ hard-earned money. In my opinion, you join the ranks of Bernie Madoff, Elizabeth Holmes, Michael Milken, and Sam Bankman-Fried. I wish I never heard of this rotten company and its scandalous CEO, by the name of James A. Hayward.