Applied Blockchain Inc (APLD)

[KingsKnight]

Interesting..
They effectually priced the offering at "$22.50" which was $3.75 November priced*6 the reverse ratio. At this point we're looking at $2, or a "$12" offering at best. That ratio might screw us all if it has to shift even more. Reverse Splits are death nails to holders who have a nice size share holding, your dollar gains drop so dramatically on price moves. For ex. if you held 6000 shares here, for every $1 move you would be up $6k. On a 1:6 R/S you now have 1000 shares & $1 move only makes you $1k. I can see why some bailed. Wonder if Beener still on board, moves like this hurt guys like him