Tiggs Money,,
peep this post for the details at IPO point..
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168543548
Subsequent to that there was this reduction: https://ih.advfn.com/p.php?pid=nmona&article=88317065
They should be sitting at ~94M Shares O/S.
Far cry off the top market cap they had on the OTC

Dead alive Dead Alive again..
nothing to see here..

Insider Pockets..
Would think that with all the money insiders were buying in with they would be lining up at these levels. Buy everyone's pockets in the space must be quite light at the moment.
What an IPO this has had, might be a few sub $1 days from de-listing notices if they can't pump the dump. No tears for any of the management here- they shafted many & they deserve the shaft they got as well. Market cap I think is now sub $100M. By the same token, in some regards by being full hosting, their revs should not be affected unless their clients back out. But days of cheap money might be over, let's see how expansion goes..

Not Sure What You Expect Bradster..
iHub is predominantly an OTC board, and APLD screwed over every one of their OTC holders a few times over how they did the uplist/ipo. Most lost 85%+ instantly, so there's little to say on it..Maybe twits would be better for you..look at the iBox on this stock & you get the bigger picture for those that were here for more than a few years. Tragic ending to a promising position for most.
https://stocktwits.com/symbol/APLD

Quiet
Seems this ticker is well maintained, always some level of bid/buy support that props it up. Nothing of note/news. But a solid share structure if a partner can be found to merge in,,Limited trading in bad trading environment, so can't expect much.

Yawn.,,,
crazy spread here.

Promo Tour..
Looks like part of it is the premier US tour of Bravo's show. TCRI has held the 50c line, guess it's all going to hinge on what's to come. Not a word has been said in regards to that mining order/hosting setup. It's getting close to a year. Would think someone would have said something by now. Wait & wait some more.
https://www.aol.com/entertainment/andy-cohen-bravo-slammed-human-174834469.html

Nah Tiggs..
Reference this post [https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168543548] to get a better understanding of the shenanigans wes&co pulled off on this one. It'll give you the O/S and you can take it from there. This is going to go under pre-split price. & in 6 months will be getting delist notices.

Circle Jerk.
Seems like they're desperate is more like it. When the underwriters are in the pump room things got to be looking bad. Guess that over subscription is not happening as well. Classic RileyCo IPO though, usually good for 60-80% drops. They really $h!t the bed & took out everyone on this ticker. They deserve every drop down to delisting. Never trust the smartest a$$clowns in the room!

Me today after being short garbage stocks for the last few weeks. https://t.co/MSfvD8NcBk

— Wes (@WUSTL_Bear) June 8, 2021

Sub $1...
That's where all the IBs want this to go. and with that minimal share structure, they will swallow all the available shares and sit & wait on that patent litigation. It may take years, it may get to delisting points, but that possible gamble on the potential payout from the betting app giants could net billions..Let the turd float, until they flush it!! Then load if you can..

Great Reversal Week Happening...
again this will require patience, But it's good to see the bit of upward traction due to filings/changes. Let's close out the week holding most of this solid uptick & keep it moving! Would be interesting to know what's the status on all those ordered rigs. Might need some sleuths to go hunting on maps LOL. GLTA

How To IPO like a Bawse!
Well Done By The Suites

These Waters Get Murky Tiggs..
you never know how close to the sharks you're swimming. Might need a recovery tip play after that one LOL, quite a slaying they did to old shareholders.

4/13-Nas Debut/Prior Month Trade Log
Look at the decapitation! Well done by the banksters & co! This is how you do an IPO LOL

Laying It Out..
Guess we'll all be parting ways soon on this one, but I guess I had to punch in the numbers & see how exactly we got the no vaseline treatment from the Hosts with the Mosts.

So as per that last S1/a, and well there's been so many out of the banksters. What they really did was kill us on the issuance, which in turn reduced the value on all the legacy shares [which there were only 1,283,978 after the split. The R/S should have created a 54M Share O/S entity, but they went ahead and issued 45M shares on top of that, for the ole pocket lining & cash printing press.

I suspect the one redeeming aspect of this result [as of now] is that they're only 15% below the true market cap value the R/S alone would have created. But for most legacy holders, we got thick shaft, the 1:6, and a ~85% share dilution. So the damage will only be seen once your shares reset & see you lost 85% just on total value. And now you have a whole lot less shares, so a $1 move is making no one any money here. So the murder scene is developing, as in a few days the 1.2M shares or what's left of retail OTC will likely head for the exits as well...But I'm sure they'll be a party scene in Dallas!! Bottoms Up! Congrats surely in order there for them!

Bypassing OTC..
What they did, was by using an IB and S1 SEC filings, they really didn't care about OTC. They were purely looking to list, the OTC issued ticker was essentially only used as a placeholder cusip. The R/S. and then the sharp reprice that was just some extreme levels to kill off the OTC holders. So they enter the NAS with mostly all newly minted shares. All OTC holders are looking at likely a 70% value decline on their company share value. To have 100 shares now you needed 600 before. And those shares went from being worth $10.20 to being $4.50 in a blink. Many got trapped having bought in recently. If you owned this anywhere above $2 pre split [$12 post split] consider your money gone for a few years. Sub $4 when R/S shares get released..

Has It Gone Quiet Yet?
Tiggs you holding down the fort here? Is it safe in the water? Can't be like the sharks swimming over on APLD

The Writing Was On The Wall.
They did what they had to do to get this to IPO, regardless of price they list at, they ALL get paid on it. So for them it's nothing but wins. At the same point, the older ticker holders are frozen with likely a 50-70% haircut on value coming as their shares get live over the next few days.
BitMain isn't in the business of buying these businesses...I know you wan't to be hopeful but they manufacture hardware. They still get the better end of all deals they step into. Essentially, they already own a major chunk of it through joint financing.

They'll Be Popping Bottles!!
Big after work party today to celebrate the IPO, lots of of smartest guys in the room will be comparing stock grants/options & the millions they just made on the listing. They'll probably chuckle at the plight of those that got royally screwed in the process. Just another case of the sheistyness of most company executives & associates. OTC/Big Boards/ don't really matter. This was one of the most botched IPOs, iley & Co really did a number to get this done and over with to cash them checks. But true to form, they have another IPO that will return -50%+ as is their history. Day 1 return is already -50%, give it a week and it will probably be down 70% as retail gets their shares from R/S from the brokers and can then offload.

Losing 3x Over..
Float really doesn't matter here bud, they just floated 8 million to the market. What really killed this was they R/S'd at $1.70, which was $10.20 pricing, but then revised the listing to $5. So I'm not sure how many screwings that was. Went from 16-20, to 6-8 to 5, and the R/S combined made likely many go down 70% in the red on this. They really f'kd holders over. But enriched themselves plenty on the IPO,,.smartest guys in the room!

Applied Blockchain, Inc. (NASDAQ: APLD) announced that yesterday it priced an initial public offering of 8,000,000 shares of its common stock at $5.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on April 13, 2022, under the ticker symbol “APLD.” In addition, Applied granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on April 18, 2022, subject to customary closing conditions.

The Beener..
Quite a robbery got commited. That 1:6, and a reprice from $10 to $5 made everyone lose 50% automatically.

You Got Fleeced..
Your entry price is now 6x what it was, your shares are 1/6th of what it was and now the stock will not go over $5. Yeah they really did a bang up job on holders.

Why The Confusion Fellas?
So they got the FINRA 1:6 through, and new CUSIP, so all shares are now non accessible until the brokers re org them. They got the APLDD and we all got the D. But erased it with the effective IPO.
They cut the IPO to $40M, and priced at $5 [83c w/ 1:6 R/S].
Now no OTC holder can transact on it due to the R/S. This is all pretty common place with R/S, but this comes with the now effective S1/ Listing on NAS..
Quite a way to lose money here. So shares are 1/6th less & the price has barely moved. Oh and you can't sell LOL..but you have the IPO issue with liquidity

Straight Garbage Actions..
https://finance.yahoo.com/quote/APLD?p=APLD&.tsrc=fin-srch
Cut IPO price to $5, 8M issued... $40M raised... What trash dealings this turned out to be... Guess we'll be under 4 soon.

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."

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??

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?

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

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..

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.

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.

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.

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.

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?

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

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

Like Your Thinking..Still.

These R/S either in rumor, filing, or actuality (getting hit with that LEAs"D" will not make this a fun one to be in. So most should prepare to hold the fancy bag if they stick in. Some might find the trade opportunity to play it down here. But, only management can take away or ratify what's been put out there. So bag hold or fold.
LEAS seems like it can't shake the fleas! From the former crypto play, to this new spin..Les't not forget them Broker "re-org" fees for R/S,,,never fun..

Not Getting Excited Here...
It had a week where volume woke up a bit, but it was likely someone dumping & exiting. Not really much to go on,,,dice roll is all it is. Share structure is the only thing I'm betting on. Other than that it really is nothing much ado about. GL

Another Week in Wait..
LEAS can't seem to get that mo mo going for more than a day. Weekly chart looks primed to get a lift, but it's failed so many times before. Weekly PSAR looks like it's flipped to the upside and had a 1 week confirmation. We shall see, if the uptick comes. Good Loading Zone I suppose...

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