Applied Blockchain Inc (APLD): I'm most of the way through digging...

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horst

Re: None

Tuesday, 02/16/2021 2:21:16 PM

Tuesday, February 16, 2021 2:21:16 PM

I'm most of the way through digging up all I can on APLD and Wes Cummins, but won't have my full DD post quite ready today.

A few points of interest: Cummins is on the Board of Directors of three NYSE/NASDAQ companies with market caps in the hundreds of millions each. His own investment fund has $88M under management, and he's been a director of APLD and its controlling shareholder since 2009. There *might be* some legacy patents still under the APLD umbrella from the Flight Safety Technologies days. Also, both APLD and its subsidiary Advanced Plasma Products have CAGE codes for doing business with the U.S. Government/military agencies.

I'll post the whole story once I've had time to connect a few dots and research a bit more...

H

Nothing I say is a buy/sell/hold recommendation or financial advice. My posts are opinion only. Always review SEC and OTC Markets filings yourself for balance sheet, income vs. expenses, and especially toxic debt.