Applied Blockchain Inc (APLD)

[KingsKnight]

Ah Yes Tiger...
Well versed in that TSNP move, it achieved 1.3Mx in about 6 months. Truly one of the most incredible runs ever witnessed.
Yeah, anyone new pulling up today's market cap will immediately think some level of bloatedness, or dilution. But far from the case. There are limited shares available to the public market, which with the volume of late signals a bit of churn is going on where the same shares may be flipping over multiple times.
I guess the other thing is now looking at what the top level upside is, at 600M cap, a 4x would get it to $3B or about that $8 range. Lots of good things to happen here, but the OTC does get crazy. Another one is MJWL, great potential but it's been pummeled.

Tiger Money Tuesday, 08/31/21 11:11:36 AM
Re: KingsKnight post# 1601 0

Very good points. Anything is possible in the OTC.

The market cap in my mind is justifiable as HUT and HIVE both have ~$1bn market caps and only use about 30 megawatts of energy to mine while we are already mining and we will have 50 more megawatts up and running by yearend. Therefore, in forward space, which the stock market is forward looking, the market value is more than justified. Not to mention, at scale or at 500 megawatts our market cap should be about 10x higher from current.

The problem is sticker shock if anyone pays attention to the delta today. OTC traders usually work on instinct and seeing most of us have been burnt by the wild west, will sell thinking the market cap is outrageous without doing any DD.

The OTC is a horrible place to be sometimes and as you said anything can happen. We could go below a buck or head to $10 on a short squeeze as there are only 7.7 million shares in float until the s-1 becomes effective in about 2.25 months to the longest.

But last year we saw tsnp go to 3-4 billion market cap on zero revenues without a clear picture without what those revenues would be. Meanwhile, we are already generating revenues and will continue to grow them exponentially.