Applied Blockchain Inc (APLD)

[KingsKnight]

Straight Capp'n
Honestly, if TSNP/HMBL could peak at $7B Cap on the OTC with not a penny of revs, but just a coming app, who knows what could happen here with APLD on the OTC. What we're seeing is the market cap being maintained. As we stand on OTC, with 320M O/S this is a $676M company. We have ~ 206M shares left to show up on OTC after the S1. At $2, with those 206M it's a $1B company. So your hedge is going to be that this should be priced less than $2, and at $1B cap it's bloated. Against peers, it's small at $1B, much less the $676M current. There's something happening on this ticker. Those here long enough are seeing a transition into more daily volume & more dollar/order flowthrough. It is trading more dollars now than in the past, due to the high price. I am going guess, and it's purely a guess that this is going to go higher before it goes lower. Maybe we pull an ARAT & hit $10, lol. We shall see.
Lets not forget they are projecting $140M in revs for '22 at $1500 Ether...we are near $4K ether. $1B cap doesn't seem that alarming.
Guess my final question is where is your "super cheap" price at on APLD, where you'll load the boat??

Tiger Money Member Level Friday, 09/03/21 04:23:28 PM
Re: KingsKnight post# 1661
Hey bud. I have no desire to be correct in the sense i want the stock to go down as I never wish bad upon anyone. But but but, the best scenario would be if it did crash like it should and we all get a chance to buy the living crap out of this at super cheap levels so we can all make millions. I want everyone to make money.

Honestly, with your $3 coming, I would be surprised if it doesn't go much higher than that like I mentioned. 7.7 million shares is only $15 million and someone could take charge of this easily. Obviously, the more they do, that $15mm numbers goes up as one would chase their own tail.

We are now 5 weeks away to have 500 million shares jump into the float....as we filed on 8/13/21

Page 61 of the S1
"Upon completion of this offering, 526,281,452 shares of our common stock will be outstanding. We currently have 7,703,873 shares of common stock outstanding that are unrestricted and may be readily sold by the various holders thereof. After effectiveness of this registration statement, 213,567,688 will be freely transferable without restriction or further registration under the Securities Act, except for any shares purchased by our “affiliates,” as that term is defined in Rule 144 under the Securities Act. The remaining 320,381,519 shares of our common stock outstanding are “restricted shares” as defined in Rule 144. Restricted shares may be sold in the public market only if registered under the Securities Act or if they qualify for an exemption from registration under Rule 144."