Applied Blockchain Inc (APLD): They needed to fund growth. The convers...

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Re: KingsKnight post# 1458

Sunday, 08/15/2021 5:58:56 PM

Sunday, August 15, 2021 5:58:56 PM

They needed to fund growth. The conversion can't happen until they uplist onto an exchange. It looks like they want to uplist to the NYSE. At that point we will be much higher in price and it will welcome in a ton of institutional investors who can take the converted shares out easily. it is very friendly for current sharholders.

Everything I say is my educated opinion and is NOT investment advice

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