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LongView..
Got to look at the rewind here, 12/3/2020 this ticker got reinstated, it traded around 2c then. 1 year later it's above $3. And this has been in mostly silence, not the uproar of the likes of TSNP/HMBL/ALPP or other OTC mega runners. True limited attendance here. Go back on the board here & see many posters have dropped off, many took the gains and ran. But the potential here is too much to sell early. Just look at this daily 1 year. It would not be obscene to see this at a 10-20B market cap in time. That would be ~$30-$60, crazy, but so was 2c to $3.
Mark9..
Think you had a post about expecting this to attract more attention. Honestly, the OTC has been slipping down the slope since February when it achieved the peak volumes. Since that time there's been many actions that sought to limit trader activity on these markets & many abandoned it. Throw in the rampant social media manipulation that occurs on penny tickers, traders have just found greener less restrictive pastures in crypto. The cost of trading/flipping on OTC has increased dramatically, and the days of TSNP/HMBL type returns on shells seem like way in the rear view. Currently holding quite a few shells, and wondering if I'm playing the shell game or it's playing me LOL. The volume on many OTC ticks have just evaporated. So with these low o/s, low float you really can't expect much. With all shells, I say prepare to wait a year, so really this is a play for late '22. Some deliver fast [APLD] and others you twiddle your thumbs & nothing ever happens.
Good Day, bid stayed above 9c again! But very little follow on volume from previous day.
Tig3r
Looks like it bounced off the mid 2s lows, back into 3s. Volume is paltry, so until I see a larger volume day than the 100k that took it down last week, can't say for certain it's moving on strength. There's also ETH looking to take out highs soon enough. As for fair value, APLD is really looking to do alot, it's moving quite rapidly on their plans. Honestly, this whole timeline is less that 6 months so far. Question is will the next 6 months be as good or better than the previous 6. As for fair value, I will say start with $1B cap & add on. How many pure play ETH tickers are out there???If ETH goes bananas to 10K-20K where will APLD be?? I stand with BeeNs, Moon or Dust!! LOL!! JMHo
You've Been Hoping For a Drop..
Profit is Profit, but the best is yet to come here. You may call it dilution, but new shares are still locked up. There's a battle for the few trading shares. ETH price is holding firm & inflation is chomping away. I'm not going to say ~500k shares that dropped this over the last few sessions/month will be it's end. I stand with BeeNs, it's all or none here!! LOL
Not Sure..
For sure not the trading fees coming. But this may have been a bit overextended on the green side.
Got to realize they peaked at nearly $1.6B market cap & were running with the big boys MARA & RIOT.
Plus the OTC been a burial ground lately. Will be interesting what happens in this high 2s, low 3s zone.
Wow..Broke Under $3.
Interesting goings on, seems there's a shake going on for shares here.
As an unfortunate aside, seems the big brother brokers are stopping the free ride on the OTC.
Fidelity maybe the last free otc broker around, that likely will end as well.
Share loading will become a pricy affair soon enough.
Hey Pots.
This ticker is one of those slow accumulation ones, there just seems to be limited liquidity to gather shares quickly. I guess it takes time to build a strong position on it & then just sit & wait for things to happen. I do have one concern in that the A/S here is in excess on 9B, seemingly leftover from the 2019 1:1000 reverse split on the ticker. This essentially allows them to print shares at will. Having been in APLD, they started with a 9M O/S &500M A/S structure, but now sit 320M O/S & 1B A/S after share registrations. It will be interesting how they maneuver the share structure & issuances here to raise capital. At this time the share structure is great, but expect it to change dramatically over the next year if things begin to play out. The risk certainly is worth it.
Heads Up To Fellow APLD Longs..
For all of us on here for a while [sub 25c] I urge you guys to give TCRI a look over. It is a recently acquired shell that was taken by one of the fellow presenters at that Bitmain conference in Dubai[Pheonix Group]. Bit of a mystery as to what assets will merge in, but the share structure is quite tight & there may be a robust return available there in '22. Early stages, much like APLD at sub 25c!!GLTA.
Yeah Beans,,
There was a nice bounce off that low onto the close. Got to figure some are selling as year end comes & gains are there to lock in. APLD has been quite resilient around this $4 mark. Get a feeling the name certainly got more exposure from that Dubai conference where all the players in the space were.
Funny...
You must be new to the GAME, straight P&D off those numbers, your $4.18 quote is a new bag. Saw the weBull & rHood crowd orchestrate a wonderful pump last night & this am, saw near $6 prints, and now the bag holders will gather to compare bags. Good Luck to You! Entire 15M O/S has been churned 1.25x over the last 24hrs- that tells you all you need to know.
This is interesting as well.
"B. Riley Securities is the sole bookrunner on the deal. No pricing terms were disclosed."
https://www.renaissancecapital.com/IPO-Center/News/88904/Crypto-miner-and-hosting-developer-Applied-Blockchain-files-for-a-$75-milli
Hard to get Shares..
The bid & ask are way wide, not sure what's really happening.
Thought it was getting a bit more organized but the volume seems wonky at best. Guess there were some heavy volume days a while back and maybe then some bought it up, been sparce since. Least they are filing stuff. GLTA
Hey Rocko!
If that's the reality that happens, NSAV & MJWL might be big winners too. There's a bright future on APLD, it's moving along, got to see what catalysts are ahead for it.