Applied Blockchain Inc (APLD)

[horst]

Thanks pieterken.

[horst]

Great that Cummins is taking all those officer positions, but I wouldn't jump to the conclusion that this will be a public vehicle for his investment firm. That's not the usual outcome when someone with an investment firm takes over a shell. I'm looking into this over the weekend and will post whatever I come up with....

[StockHobit]

Shares Outstanding 9,102,659

[StockHobit]

Current market cap only $1,410,912

[StockHobit]

“Mr. Cummins is currently Chief Executive Officer of 272 Capital L.P., an investment advisory firm which he formed in February 2020”

Looks like we may have ourselves an investment firm.

[StockHobit]

Thanks for posting pieterken. That’s great!

[ProfitChaser]

Thanks for the info. Looks like they are getting there ducks in a row.

http://investor.telenav.com/board-directors/wes-cummins

Wes Cummins

Wes Cummins has served as a member of our board of directors since August 2016. Mr. Cummins is currently Chief Executive Officer of 272 Capital L.P., an investment advisory firm which he formed in February 2020. Mr. Cummins was previously an analyst with Nokomis Capital, L.L.C., an investment advisory firm, a position he held from October 2012 until February 2020. From March 2011 to September 2012, Mr. Cummins was an analyst for Harvey Partners, a hedge fund. From February 2002 to March 2011, Mr. Cummins held multiple positions including senior research analyst covering technology hardware companies, director of research, head of capital markets and, finally, president of B. Riley & Co., an investment banking firm. From 2000 to 2002, Mr. Cummins was an associate analyst at Needham & Company, an investment banking firm. Since 2007, Mr. Cummins has served as a member of the board of directors of Applied Science Products, Inc., formerly known as Flight Safety Technologies, Inc., a publicly traded company engaged in developing technologies for aviation safety and efficiency. Mr. Cummins holds a B.S.B.A. from Washington University in St. Louis, Missouri. Mr. Cummins has extensive experience in the investment research process, public and private capital raising, mergers and acquisitions, corporate restructuring and shareholder activism. We believe Mr. Cummins’ expertise in investment research and analysis brings valuable experience and perspective to our board of directors.

[ProfitChaser]

Nice post Horst with the dates all laid out for us. Look like the next court date is quickly approaching. Feb 24th 2021 at 9am..

I agree with this part of your post also/ Thats what makes it so attractive.

Folks, this ticker's been dead for 10 years, so it's highly improbable any old debt is still valid (statute of limitations is 6 years on promissory notes etc. in Nevada). So this is a clean shell, no debt, 9M outstanding, 7.7M unrestricted, 150M authorized. Getting this ticker through the custodial car wash should be pretty easy...

[pieterken]

New officers APLD :
President Added: Wesley Cummins
Replacing Barbara Bauman
Secretary Added: Wesley Cummins
Replacing Barbara Bauman
Treasurer Added: Wesley Cummins
Replacing Barbara Bauman

[Welcome2Pinkyland]

Yes it was $$$ $APLD $$$

[StockHobit]

Strong Friday Close!

[DTGoody]

I agree! ;)

[StockHobit]

Sure was. You came along just at the right time. :)

[DTGoody]

Awesome DAY!

[ProfitChaser]

Ditto to you.

[ProfitChaser]

Any new investors looking for information on the magnitude of the potential of this stock should start reading from post #175 to post #192. Much thanks to those who brought the DD. Risk verses reward.

Awesome opportunity to get in a Bauman Custodian play at the bottom. Super low floater. Reinstatement on 12/03/2020


Start with post # 175 below

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160065093

and all post up to #192 below

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161649607

[StockHobit]

Nice Close! Have a great long Weekend Everyone. $APLD

[ProfitChaser]

Awesome. This could be one of those very few stocks you could actually lock the float up with it being so small. LOL

[DTGoody]

What I put in here I can just let sit. Have enough in the trading account to play other stuff. This is a very nice stock though.

[ProfitChaser]

Same here. Bought most of mine in my Roth account and like to hang onto them long there.

[DTGoody]

I got a deathgrip on my small bundle of shares!

[C5FVA]

Thanks. I am used to waiting, but usually because I am down and trying to get out. I don't mind.

I set a goal for the year and have already surpassed it three-fold in two months so I might take a break here soon. I need to plan ahead for when the frenzy is over. This one looks promising.

[ProfitChaser]

Welcome. With less than 8M il the float shares will be scarce here. I think most here will be holding onto their shares for awhile. Could go crazy here when things start to come together. Looks like a pretty safe bet tho. Just never know how long it may be. Days/Weeks/Months. Horst may have a better idea of a timeline here. I am just a sheep. LOL

[C5FVA]

Making an attempt to get in here. Might have to get some more funds and wait until next week.

I've been following some of you and must say thank you for your picks. I am new (relatively) and have made some bad choices in the past but the last two months have been nuts and I have made all the money that I lost back and then some. Had to change up my strategy but it seems to be working. In fact I could stand to not sell so soon!

[DTGoody]

I agree and I will probably Bid some more.

[StockHobit]

No kidding... 7.556M in the Float. Just over $1.2M Market Cap.
I don’t think its staying at these levels for a great deal longer.

[DTGoody]

Float must be all locked up here. Almost impossible to get shares. I took the .12's this morning.

[DTGoody]

Thank You my Friend! It's Great to be in Good Company Here!

[StockHobit]

Great group of investors. Looks like interest starting to increase... quite undervalued at this point imo. Looking forward to see what Barbara can do with this :)

[ProfitChaser]

Awesome and welcome aboard.

[DTGoody]

Thank You StockHobit! Excellent Group we have here! I am hoping this becomes a nice runner for us in weeks to come. I Absolutely love the share structure here!

[StockHobit]

Welcome Aboard DTG. $APLD

[DTGoody]

I joined you guys on this one too! Love the small float here!

[StockHobit]

I totally agree with that and I'm not selling any of these for sometime to come.

[ProfitChaser]

Agreed. I added more there myself. Someday they gonna look very cheap.

[StockHobit]

Hey Profit! Very excited for the potential this one holds. Picked up more this morning at .0105 and happy to do it.

[ProfitChaser]

Looking to take a mod spot here. Not sure if I ever been in a stock with this small of a float. LOL. I like the custodian plays because you know somewhere there is someone working on something with the company. A nice catalyst always helps.

[ProfitChaser]

Hello StockHobbit. Nice to be in a play with ya again. Good times are here.

[ProfitChaser]

Wouldnt suprise me to see over a dollar here when the action starts with this SS. Not sure if the SS updates daily here or not but looks like it was updated yesterday. If it does update daily that is another plus.

APLD Security Details
Share Structure
Market Cap Market Cap
637,186
02/11/2021
Authorized Shares
150,000,000
02/11/2021
Outstanding Shares
9,102,659
02/11/2021
Restricted
1,398,786
02/11/2021
Unrestricted
7,703,873
02/11/2021
Held at DTC
7,556,491
Float
Not Available
02/11/2021

[ProfitChaser]

Thanks horst for all your dd. Accumulating some shares here. Love the custodian plays and this is the thininst one I have seen and the most promissing one I have seen. Just gotta buy and have some patience with these type plays.

[horst]

Just noticing that another Bauman custo , WIN*, is at $1 per share with a $50M market cap and 3x the OS as APLD. That's not to say the same or better is inevitable here, but I like the risk/reward personally...

All my opinion,
H

[Welcome2Pinkyland]

Works for me

[StockHobit]

One dime at a time $$

[Welcome2Pinkyland]

$APLD upward and onward

[Welcome2Pinkyland]

Same here

[StockHobit]

It really is. Pretty ideal in every regard. Looking forward to what Barb brings to the table.

[Welcome2Pinkyland]

Moving up nicely

[StockHobit]

Looks like a Winner $APLD

[Welcome2Pinkyland]

$$$ $APLD $$$

[horst]

Agreed. It's the cheapest custo play by market cap I'm aware of with a huge spread all the way up the ladder on L2. Next stop after .06 is .09 - that can always change of course. But that's exactly why I play these - the big spread and low market cap (for now anyway). But they certainly don't provide an easy exit for a short term flip.