Applied Blockchain Inc (APLD)

[Tiger Money]

Yes, after I read the s-1 and actually comprehend it, I had to bail. We have over 500 million shares coming into the float here once the s-1 is deemed effective by the sec. yes, I know a large chunk of those are held by term investors and partners. For example, Wes has 130 million shares and the partners have 100-200mm and institutional are about 45 million. Regardless, the float is going to balloon to a multiple of nearly 65x on the current 7.7 million. In full disclosure, being in the otc, that freaked me out as that is a ton of shares. Not to mention once the extra 213 million come in that k
Jack’s up the market cap by a couple hundred million as well. I just fear that 100-200 million shares could hit the float anytime and sink this ship.

To the buyer now, have they read the s-1?

Don’t get me wrong I will be buying this stock again and a lot of it but I can’t seem to reduce my fear after reading the s-1