Applied Blockchain Inc (APLD)

[i_like_bb_stock]

4.52 but thats apld Im so confused supposed to be apldd and no one can sell so how is it trading this low?

[i_like_bb_stock]

can anyone even get a quote today?

[Renee]

APLD moved to the Nasdaq from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[i_like_bb_stock]

Yes

[benyam]

looks like nasdaq allready today ?? interactive broker shows status nasdaq / halted ??? real micro float this one now after split but let see

[KingsKnight]

Numbers Say Different...
"B. Riley Securities is the lead underwriter and IPOs led by the firm over the last 12-month period have generated an average return of negative (45.0%) since their IPO. This is a bottom-tier performance for all major underwriters during the period."
https://seekingalpha.com/article/4500809-applied-blockchain-apld-proposes-60-million-ipo
Fun Times Ahead..
"As for valuation, management is asking investors to value the company on its expected future earnings at an EV/Revenue of 825x today for what is essentially a data center company."

ItalStallion Tuesday, April 12, 2022 12:41:41 PM
Re: None
Bad days but still here...remember that APLD is backed by the core of BITCOIN world..BITMAIN.
Mr Bryant R. Riley and his spouse own a lot of shares of this company not by chance
https://fintel.io/doc/sec/1464790/000121390022007064/ea155342-13gbriley_applied.htm
Fyi Virginia Moore, a member of the Board of Directors, is the spouse of the CEO of B. Riley
APLD have a BIG management
GL $APLD

[KingsKnight]

Quite a Slide..
Seems OTC retail jumped off this sinker! Volume went quite high today, tons of trade for this ticker. No one wants to be on board a frozen ticker, the APLDD is now official, so let's see what's next. 1:6 declared official by FINRA today. Any guesses on when this will debut on NAS now that all these things have lined up?? Is a $1/$6 downslide going to be baked in soon enough??

[Renee]

APLD one for 6 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[i_like_bb_stock]

form CERT out NASD on its way https://www.sec.gov/Archives/edgar/data/1144879/000135445722000234/8A_cert_APLD.pdf

[KingsKnight]

Yip That's $6-8, WITH 1:6 R/S
New/latest S1/a- language for 1:6 still happening. Guess they are ready in case it drops to $1 to still go ahead with a listing.
So we've gone from $16.54 to $20.54, to $6 to $8 and we're at the same split ratio 1:6, who forgot the vaseline?

i_like_bb_stock
Tuesday, April 12, 2022 1:05:24 PM
Re: KingsKnight post# 2148
is that 6-8 post RS? that confused me

[i_like_bb_stock]

is that 6-8 post RS? that confused me

[KingsKnight]

You give them too much benefit..
Expect a lockout when they debut!

i_like_bb_stock
Tuesday, April 12, 2022 8:11:12 AM

Re: KingsKnight post# 2143
It depends on when the RS happens it may happen in advance of the uplist

[ItalStallion]

Bad days but still here...remember that APLD is backed by the core of BITCOIN world..BITMAIN.
Mr Bryant R. Riley and his spouse own a lot of shares of this company not by chance
https://fintel.io/doc/sec/1464790/000121390022007064/ea155342-13gbriley_applied.htm
Fyi Virginia Moore, a member of the Board of Directors, is the spouse of the CEO of B. Riley
APLD have a BIG management
GL $APLD

[KingsKnight]

IPO slashed 60%
Well $6-$8 LOL.Looks like they're still overzealous with valuation, more shares going to market. $hit/split show ahead! Perhaps, they'll adjust the reverse split ratio lol..

[i_like_bb_stock]

there was another change in the IPO terms and a seeking alpha article out Im stnding firm

[Grouse Hunter]

Looks like someone got scared out from recent posts and dumped at any price.

[i_like_bb_stock]

It depends on when the RS happens it may happen in advance of the uplist

[KingsKnight]

Alot's been Accomplished here.
Not going to knock the progress made here since this shell got snatched up. A lot has occurred in ~16 Months. Upside is good, sector [and most of the markets] are lukewarm at best for risk. Crypto is in the shake an bake swing sessions mode. Got to see how it plays out. The part that a bit worrisome is that R/S trap of not being able to have liquidity on the ticker. Let's say it debuts at 15 & rockets to 40, but no old holder is able to transact. Then it falls back to 10, or it opens at 15 and tanks to 8..In all those scenarios, holders can do nothing, and that's the unfortunate pitfall trap that R/S present. For several days if/when the R/S occurs none of the [otc]old APLD holders have any liquidity. Esentially, we are non participant to the ipo at the actual debut.

i_like_bb_stock Monday, April 11, 2022 11:34:11 PM
Re: KingsKnight post# 2141

Small rs nothing to freak out about I just made a mint off nutx that just went Nasdaq and did an rs a few years ago it’s all about patience

[i_like_bb_stock]

Small rs nothing to freak out about I just made a mint off nutx that just went Nasdaq and did an rs a few years ago it’s all about patience

[KingsKnight]

Guess Sights are Set Past OTC..
They haven't submitted anything into OTC since November of last year, so roughly 5+ months. OTC will have them in delinquency [pink limited] until a Quarterly is filed. It's strange that no Quarterlys are even on the SEC filings. Over the course of all the S1/a, there have been minor and major changes,,it wasn't up until the 6th revisions or so they mentioned the R/S, and it's been in the tank since. The stock was steady above $4 before the R/S mention, and now it's battling to stay above $2. One bad day & it could revisit that $1.50 low in a blink, hit $1.85 today on the bottom.

i_like_bb_stock Monday, April 11, 2022 5:02:42 PM
Re: KingsKnight post# 2139
they got current via the alternative route while the s1 was working its way through. there are no 10Qs, or 10Ks but I guess thats in the s1. Im use to seeing form 10s to become sec reporting.
also whats up with all the S1 amendments? sounds like it finally took but I dont get why its still yield sign then

[i_like_bb_stock]

they got current via the alternative route while the s1 was working its way through. there are no 10Qs, or 10Ks but I guess thats in the s1. Im use to seeing form 10s to become sec reporting.

also whats up with all the S1 amendments? sounds like it finally took but I dont get why its still yield sign then

[KingsKnight]

Lots Still Up In the Air..
Hmm., I thought they were SEC reporting.. This not it? https://sec.report/Ticker/APLD
Or are you taking about their OTC status as "Alternative Reporting Standard"
I'm guessing the book runners are doing the work & this will get there. But really that valuation is going to be questionable..this is a $12M per 100MW profitable operation which is on it's first 100MW project...Look at others in the space & one could say this is a lil bloated at the current cap.

i_like_bb_stock
Monday, April 11, 2022 3:54:33 PM
Re: KingsKnight post# 2136
they really need to move alot of this OS to preferred to lower the mkt cap

the other odd thing is they still arent sec reporting , where are the audited fins? cant uplist without that

LoL..Look at these trades to close out the day:

[i_like_bb_stock]

the other odd thing is they still arent sec reporting , where are the audited fins? cant uplist without that

[i_like_bb_stock]

they really need to move alot of this OS to preferred to lower the mkt cap

[KingsKnight]

One Can Hope BB...
Not really too confident on APLD [stock] at the moment. If you really look at the numbers & the coming valuation they present. The trading market on the ticker is giving them no where near the valuation they priced the offering at. There is a R/S pitfall trap coming, where most in on APLD will be frozen out of transacting once the R/S is declared. This usually can last 1-4 days, which in the cases of R/S & exchange debuts are critical. Think the $2 mark will get breached soon...really doesn't take much to move it in both directions..We shall see.

i_like_bb_stock
Monday, April 11, 2022 3:17:34 PM
Re: KingsKnight post# 2130
the float will be super tiny they love moving those on the NASD

[i_like_bb_stock]

the float will be super tiny they love moving those on the NASD

[Thugmuffin]

$APLD Applied Blockchain, Inc. Announces Launch of Initial Public OfferingPress Release | 04/08/2022

DALLAS, April 08, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (“Applied” or the “Company”), today announced it has launched an initial public offering of $60 million of its common stock, pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”). In addition, Applied intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the offered common stock at the public offering price, less underwriting discounts and commissions. Applied intends to list on the Nasdaq Global Select Market under the ticker symbol “APLD.”

B. Riley Securities and Needham & Company are acting as book-running managers, Craig-Hallum and D.A. Davidson & Co. are acting as lead managers, and Lake Street and Northland Capital Markets are acting as co-managers for the offering.

The offering of these securities will be made only by means of a prospectus. A copy of the preliminary prospectus relating to these securities, when available, may be obtained for free from B. Riley Securities, Inc., Attention: Prospectus Department, 1300 17th Street North, Suite 1300, Arlington, Virginia 22209, Phone: [phone], Email: [e-mail] or from Needham & Company, LLC, Attention: Prospectus Department, 250 Park Avenue, 10th Floor, New York, NY 10177, telephone: [phone], or by emailing [e-mail].

A registration statement, including a prospectus that is preliminary and subject to completion, relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov under “Applied Blockchain, Inc.” This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Applied Blockchain, Inc.

Applied Blockchain, Inc. (PINK: APLD) is a builder and operator of next-generation datacenters across North America, which provide substantial compute power to blockchain infrastructure and support Bitcoin mining. The Company has partnered with the most recognized names in the industry to develop, deploy, and scale its business.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements”. These forward-looking statements represent Applied’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, which are set forth in Applied’s registration statement on Form S-1, as amended, many of which are outside of Applied’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These include, but are not limited to, statements regarding the terms of the offering and the intended use of proceeds therefrom.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Applied does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Applied to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus filed with the SEC in connection with Applied’s public offering. The risk factors and other factors noted in Applied’s prospectus could cause its actual results to differ materially from those contained in any forward-looking statement.

Investor Relations Contacts
Matt Glover or Jeff Grampp, CFA
Gateway Group, Inc.
[phone]
[e-mail]

[KingsKnight]

That's about right Grouse..
Using the prior stated OTC numbers, it would look like this:


Some tidbits on the ipo:
*launched an initial public offering of $60 million of its common stock
*grant the underwriters a 30-day option to purchase up to an additional 15% of the offered common stock [485,436]at the public offering price, less underwriting discounts and commissions.
*issue 3,236,245 shares of common stock onto the Nasdaq Global Select Market with the ticker symbol APLD.

*The document of application was keen to emphasize that the public offering price would not be determined, or entirely indicative, of the current market value of OTC Pink, but rather by diligent assessments conducted by themselves and the underwriters.

*Saying this, APLD did outline a guidance valuation for potentially interested parties of between $16.54 and $20.54 per share, a range that provides a median of $18.54.

*There is no official timeline for an SEC response, but in usually circumstances it takes months.
https://cointelegraph.com/news/applied-blockchain-inc-files-for-60m-ipo

Grouse Hunter Friday, April 08, 2022 11:00:57 PM
Re: KingsKnight post# 2131
Won’t we be sitting at around 1.5 million shares in the float after the RS?

[Grouse Hunter]

Won’t we be sitting at around 1.5 million shares in the float after the RS?

[KingsKnight]

G.Hunt..

.
Priced $16.60-$20.50 with the 1:6 R/S.
Honestly. not too confident it will be doing great on debut..
Trend is your friend...look at how debuts have been going for the 1Q22 [https://www.renaissancecapital.com/IPO-Center/News/79727/US-IPO-Weekly-Recap-The-IPO-market-heats-up-in-an-11-IPO-week] I'll be eying for the ole spike & plummet or the plain ole plummet. Unfortunately, most holders will be trapped & can't likely trade out on the R/S. Brokers will take their time to re-org shares and by that time it may be down 50% off debut. Just how these games get played sometimes. R/S really are a $h!tshow. GL

Grouse Hunter
Friday, April 08, 2022 5:06:11 PM
So looks like the offering at today’s pricing is $2.75-$3.42. One would assume investors buying the offering are expecting some upside from there. We should be good in my opinion once we uplift.

[KingsKnight]

Getting Closer to The Uplist...
As per last S1/a "On March 9, 2022 we ceased all crypto mining operations and completed the sale of all crypto mining equipment in service. We have no plans to return to crypto mining operations in the future. We still own some mining equipment. However, the equipment is either not online or was previously purchased but has yet to be delivered. We intend to sell this equipment as soon as possible and have no plans to bring the equipment online or use it for mining purposes."

"Based on our limited current contractual arrangements with customers, energy suppliers and construction companies, assuming the terms of current contracts are the same for all future facilities we build, capital expenditures for our hosting operations would be approximately $350,000 per 1MW, revenues from hosting operations would be approximately $49 million per year per 100MW and direct costs of sales for our hosting operations would be approximately $37 million per year per 100MW. Hosting revenues includes only fees from lease of space and access to electricity and not maintenance or other services provided by us. Direct costs of sales from hosting includes operations, maintenance and power related costs. "

"We have entered into contracts with four customers to utilize our first co-hosting facility which was brought online on February 2, 2022 as to the first 55MW, with the remaining 45MW expected to be brought online during the second calendar quarter of 2022. When our first co-hosting facility is fully online, four customers will account for 100% of the revenue from our first co-hosting facility (100MW). These customers have also contracted for 85MW of power at our second co-hosting facility once completed and operational."
" We are targeting bringing 800MW online by May 2023, 1.8GW by May 2024 and 5GW over the next five years."

Getting an unfortunate sneaky suspicion this may get hammered on NAS, if & when an uplist occurs. Essentially in the S1, it sorta states they'll operate at $12M annual profit per 100MW. They are no longer a miner [sucks, seemed like a nice viable profit space to be in] So is a $12M profitable co worth $1B market cap? Know they wish to scale up to ~800MW by mid '23. Guess many on board are along for a ride, but there an upcoming pivot point here where some thought & decisions have to occur with this listing...we shall see.!! Maybe we get lucky & they value it on Price to Sales/Future Sales, that'll be $50M/yr growing to $400M sales by next year if they truly get 800MW online. GLTA, we shall see what happens.

https://ycharts.com/companies/RIOT/ps_ratio
https://ycharts.com/companies/RIOT/pe_ratio

[Grouse Hunter]

So looks like the offering at today’s pricing is $2.75-$3.42. One would assume investors buying the offering are expecting some upside from there. We should be good in my opinion once we uplift.

[Tiger Money]

Agreed. Good dilution

[Tiger Money]

Yes, correct

[Grouse Hunter]

Morning negative Nancy. Haha. You need money to make money. They have lots of projects lined up. Time for them to move up to the next level.

[i_like_bb_stock]

no really dilution per say adds liquidity all uplists do it

[Tiger Money]

Dilution, although known, starts

[i_like_bb_stock]

sweet https://www.streetinsider.com/dr/news.php?id=19893170

[KingsKnight]

Wild Week..net of it +22%
Next week could show some upside confirmation, or it breaks down..

[KingsKnight]

Hard To Figure APLD stock out.
Not sure what to assume with the action of late. Have seen 15k volume drop & rise this $1+. Have seen the volume come in heavy to ~100k then just evaporate soon after. There seems to be a bit of silence out of the company, no even the occasional tweet. I'm going to assume the retail interest here is not that big [ie. moving $350K through this stock yesterday] So there's heavier hands at play & really who knows what the trading endgame for them is. On the OTC side, APLD still hasn't fixed the Pink Limited, so that may limit some retail play as well. Strange week, we'll see if it gives it all back by Friday. A week ago we had days where 2 trades occured, bizarre world of low flaoters

Grouse Hunter Wednesday, March 30, 2022 1:06:34 PM
Re: KingsKnight post# 2119
Looks like a hit and run yesterday. Will they be back?? I still think as the company gets closer to the final S1 approval they will want the price higher. Therefore we will get more days like yesterday to push up and support the price IMO.

[Grouse Hunter]

Looks like a hit and run yesterday. Will they be back?? I still think as the company gets closer to the final S1 approval they will want the price higher. Therefore we will get more days like yesterday to push up and support the price IMO.

[KingsKnight]

APLD Short Interest per OTC site

[KingsKnight]

Interesting Open To The Week!!
I'm not sure what's caused the uproar and uptick, but there seems to be some chase going on here. The volume ramp over the last few sessions is quite interesting. Has anyone looked over the latest revisions to the S1/a?? Haven't had time to check if something material has been noted or changed in there!?! Solid uptick week so far, +66%, healthy volume & dollar value order flow. That was a quick spike into the mid 4s., didn't manage to see the size blocks that took it there. Likely helps that BTC is on the incline as well too!! Hope all is well with the crew on the board!

[i_like_bb_stock]

yep

[F/T]

Someone is excited to buy in right here.

[i_like_bb_stock]

going for $4 wowsa

[i_like_bb_stock]

yes another S1 amendment after hours so odd theyve amended it so many times

[Grouse Hunter]

Interesting big push at the end of day. Something else coming?

[i_like_bb_stock]

new highs getting good volume awaiting S1 approval from the sec for uplisting

[Tiger Money]

Actually it is but the ticker and name change have occurred…. Just happened and moved to BLQC or BlockQuary Corporation from ISWH. Look at the metrics and the study continues