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Aug 22, 2016 total dollar volume
By Peter Hristov
Mar 14, 2011

Applied DNA Sciences Inc. (APDN.PK) Starts A New Promotion

APDN chart.pngApplied DNA Sciences Inc. (PINK:APDN) crowned the headlines of two promotional newsletters last week. It seems that the company, which was promoted for $156 thousand in January, is back in the game with another round of promotion.

The first newsletter from last week came from Penny Stock Shark, which claimed that ADPN would be a power play on Friday. Indeed the volume of the stock rose considerably, but it was sellers that dominated the trade. Thus, ADPN fell 7% to $0.06 on Friday.

The second newsletter arrived yesterday and was issued by Market Caliber pointing out the fact that ADPN received its initial order for its anti-counterfeiting product. Unfortunately, none of the newsletter arrived with a disclaimer part to indicate the most essential part of the promotion. Therefore, it is not clear how much compensation stands behind the promotion and who ordered it.

APDN logo2.jpgThe effect of the last newsletter was additionally enhanced by a publishing which came out today through the marketwire system. It stated that ADPN had found new clients within the government, banking and insurance industries.

The combination of fresh news and promotional letters to spread it around as much as possible turned very effective for the company as right form the start of the session it gaped up by 20% and then climbed even higher.

It seems that ADPN counts on the promotion to change the downward direction of the stock chart.  The coming week will show if the old formula of promotion plus press release will be of benefit to ADPN.

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