|THIS ARTICLE CONTAINS MATERIAL ERRORS. CEO ACTUALLY SUGGESTED THE COMPANY WILL SHOW AN ADJUSTED PROFIT IN QUARTER ENDING SEPTEMBER, NOT DECEMBER. PLEASE SEE THE EXPLANATION AND CORRECTION HERE.|
This is a fast-breaking and developing update to our refutation of the APDN short piece written on SeekingAlphha. There are 3 catalysts TODAY causing the stock to pop:
- This morning, APDN issued a press release reporting that they have identified the short author of the SA article along with his co-conspirator. Both have been reported to the Fed and the state for manipulating the market through the publication of FALSE information.
- This morning at the SouthWest Ideas Investor conference in Texas, at approximately 12:20pm EST, the CEO strongly suggested that the company will be profitable in the quarter ending December 31st. To hear it in his own words visit the replay of the webcast and go to SLIDE 28 and MINUTE 26:30. While discussing the below EBITDA bar chart, he said “if you plot that out past Q4 & into Q1 ending December, you will see that it WILL cross over.” (please note – Q1 will be reported on or around February 10th, 2016)
- Most significantly, the person responsible for the short attack “The Pump Stopper” has taken down his website! His website used to be located at http://www.pumpstopper.com – the domain is no longer available as of today. This URL is still linked to from the SA hit piece. There may now be an expectation in the market that SeekingAlpha may retract and delete the article in question.
3:07pm update: his Twitter handle @pumpstopper has now also been deleted – it appears he is on the run!
Most importantly, since the short attack, I have poured over the last 6 quarters of 10Qs and conference calls, I have met CEO Dr. James Hayward, and I will soon be getting a tour of their headquarters in Stony Brook, Long Island.
In my mind, there remains NO DOUBT that APDN is at an inflection point in it’s business and is on the cusp of a major breakout to profitability. It’s worth it to read the refutation article linked above if you haven’t already. This is a fast breaking and developing story which could cause the stock to surge to the high $4s or above by tomorrow. Join us in our chat room to discuss further.