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Bullboard - Stock Discussion Forum Applied DNA Sciences Inc APDN

Technology Scientific & Technical Instruments
Applied DNA Sciences, Inc. is a biotechnology company that develops, and markets deoxyribonucleic acid (DNA) based technology solutions. The Company is utilizing its LinearDNA large-scale polymerase chain reaction (PCR) based manufacturing platform. The Company’s proprietary platform produces large quantities of DNA for use in the nucleic acid-based in vitro diagnostics and preclinical nucleic... see more

NDAQ:APDN - Post Discussion

Applied DNA Sciences Inc > Latest SEC Filing - APDN approaching INSOLVENCY!
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Post by turner20001 on Feb 01, 2024 4:44pm

Latest SEC Filing - APDN approaching INSOLVENCY!

Latest SEC Filing = Date: 2/1/2024 Form: 424B5 - Prospectus [Rule 424(b)(5)]

Folks, today's SEC filing indicates 2 private placements which could more than double the number of current shares of stock.

This is SEVERE DILUTION!

This could drive the stock price below $0.30!

It's obvious that APDN is seriously running out of cash and approaching insolvency.

I see 2 possible scenarios:

(1) APDN becomes insolvent in which case the stock price falls to 0, or

(2) APDN raises money to continue operations a little longer and the stock price falls due to equity dilution.

Strong Sell Recommendation.

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