Post by
turner20001 on Mar 01, 2024 4:11pm
Another 20 Reasons to SELL this Dog!
STRONG SELL RECOMMENDATION - 600 Reasons to Sell this Dumpster Stock
101. The legal system and science are based on evidence. Agreed? Without evidence, you will lose in a court of law and your science will fail. An ignoramus by the name of Nino claims to be Bullish on this stock. Okay so far. Yet Nino has NEVER provided one scintilla of evidence to support his/hers/its Bullish position. Conclusion: Nino’s Bullish position FAILS miserably! You Lose Nino!
102. On Nov. 7, 2022, The City Newspaper (Reporting to New Yorkers) published an article, “A Big Bill but Little Payoff for CUNY’s COVID Testing System.” It’s another scathing article implicating APDN.
103. It’s subtitle, “As the university struggles with declining enrollment, an intrusive PCR testing system with no clear purpose has become one more obstacle for faculty members and students — especially those at community colleges.”
104. In the summer of 2021, CUNY “awarded a small testing company, Applied DNA Sciences, Inc. a $35 million contract.” (emphasis added).
STRONG SELL RECOMMENDATION - 600 Reasons to Sell this Dumpster Stock
105. Some companies (but not APDN) use rapid COVID testing, providing immediate results.
106. APDN’s “PCR tests take 24 hours (or 48 on weekends) to process at Applied DNA’s Long Island lab — leaving some students to go to class while the test results are still unknown.”
107. “Those [students] who miss their email alerts find themselves locked out [of class].”
108. One student “was not able to return to campus until registering a negative test result.” “I was infuriated,” she said.
109. “When the Omicron variant emerged that fall, Applied DNA had to stop using its proprietary test, it told the U.S. Food and Drug Administration.”
110. CUNY eventually cancelled APDN’s $35 million contract because there were so many problems. Sound familiar?
STRONG SELL RECOMMENDATION - 600 Reasons to Sell this Dumpster Stock
111. Two private placements will nearly double the number of outstanding shares and will likely cut the stock price in half!
112. On March 18, 2005, CNN Money published, “Giuliani firm deal questioned.”
113. Its subtitle, “Consultancy inked multimillion-dollar deal with company whose investors had legal run-ins.”
114. The report stated, APDN “has logged $35 million in losses from 2002 to 2004, and no revenue.”
115. “Curiously, the company's "penny stock" has risen rapidly, despite the company having no cash for operations and no customers.”
STRONG SELL RECOMMENDATION - 600 Reasons to Sell this Dumpster Stock
116. “Several of Applied's financial backers have had run-ins with regulators, [USA Today] said. Among them, federal authorities charged co-founder Richard Langley in a 1996 case involving a kickback scheme of stockbrokers. Langley pleaded guilty.”
117. “[USA Today] said Langley personally owns 5 million shares of Applied.”
118. “Under the one-year agreement …Giuliani Partners will get $2 million in fees to advise APDN.”
119. “[USA Today] said Giuliani's firm stands to get 21 million shares of the company, amounting to about $10 million, making it the largest shareholder.”
120. Former federal prosecutor Lee Rubin suspected that APDN was involved in stock manipulation that could put APDN on the SEC’s radar. Sound familiar?