Applied DNA could be setting up for a Monster Run here!
Update: APDN ticker symbol was changed to APDND after the Company announced a 1-for-60 reverse split of its common stock that will be effective at 12:01AM on Wednesday, October 29, 2014 and in effect at the opening of trading on Wednesday, October 29, 2014.
Once the stock split has taken effect the symbol will change back to APDN.
OTCMAGIC has been covering Applied DNA since the stock was trading at $0.03 per share. At that time I was impressed with the company's strong revenues and explosive technical indicators.
To find out the inside scoop on APDN subscribe to OTCMagic.com right now. Also everyone should know, we have something HUGE coming!
Applied DNA Sciences, Inc. has been trading on the OTCBB for years and traded as high as $3.50 per share close to a decade ago. I initially wrote this article when APDN was trading around $0.03 I was encouraged by the Companies strong revenues and technicals. Since then the stock has exploded after the provider of DNA-based anti-counterfeiting technology and product authentication solutions, announced its financial results for the third fiscal quarter ending June 30, 2012, generating revenues of $528,574. This represents a revenue increase of 130% from the year before and is higher than their prior record revenue in any complete fiscal year.
One of the factors that initially contributed to this run (besides the steady accumulation that has marked this run from the beginning) were the now confirmed rumors that Applied DNA has been named by DoD Defense Logistics Agency as the provider of authentication services for microcircuits supplied by defense contractors.
Already on track to do over $2M in revenues this year, it is becoming clear that there is a huge need and demand for Applied DNA’s technology. This is a penny stock that has flown under the radar for a long time but it looks like that is changing and fast. Currently under heavy accumulation APDN looks primed for a significant breakout to much higher levels. This is one stock that needs to be on every penny stock speculators watch list because it just might provide a spectacular trade opportunity in the coming weeks and months ahead!
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Applied DNA Sciences, Inc. (OTC: APDN is a provider of botanical-DNA based security and authentication solutions that can help protect products, brands and intellectual property of companies, governments and consumers from theft, counterfeiting, fraud and diversion. SigNature(R) DNA and smartDNA(R), our principal anti-counterfeiting and product authentication solutions that essentially cannot be copied, provide a forensic chain of evidence and can be used to prosecute perpetrators.
DNA Authentication Process
Product authentication is essential to businesses because it helps to:
- Build trust and credibility
- Protect reputation and intellectual property
- Assist in quality control and assurance
- Assist in compliance with applicable laws
- Promote legal enforceability of transactions
- Minimize losses by reducing illegal activity
Power of DNA Authentication
Strong authentication is the foundation of a successful business. Applied DNA Sciences works with you and your business to develop and implement an authentication system that best suits your needs. This means a DNA Authentication system that is:
- Easy to implement and maintain
- User friendly
We provide 3 Levels of Authentication:
1. Non-Forensic Level 1: Instant Screening
2. Forensic Level 2: PCR-Based DNA Analysis
3. Forensic Level 3: Full DNA Sequencing