I had gotten out of this at $0.22 and thought I would not get a chance again, but I had a feeling that there would be a dump on earnings due to people not understanding the long term and looking for short term gains.
APDN needs to make $12M a year to break even. Each DLA contract they sign is about $50K of business or 300 chip companies. The numbers from this morning tell me they are at least 1 - 2 years from doing that. Meanwhile, look a second cash infusion with 1 year, when they run out the Crede cash. This company will not breakout of the .18 - .25 range until they make a profit. Until then, new folks coming into the stock will push it up on the promise of a monopoly, then rush out when they realized the pace of transferring manufacturing technology is slow, requiring at least 6 months to implement once approved, rather than fast like software.