Applied Blockchain Inc (APLD)

[KingsKnight]

Not Liking It Much..
50% wiped out this week. And this is trending lower on heavier volume. Not a fan of R/S, and here it's no different. Tradeable float means very little if the other dynamics are failing. While I was worried prior about the "high" market cap at $1.3B, it's now $600M & I can see it going to $300M before it goes to $900M. Low volume can drop this to $1 in a blink. There's nothing to support an uptick right now. And the looming R/S is not going to help, nor an uplist.

Grouse Hunter Thursday, 01/27/22 07:12:06 PM
Re: KingsKnight post# 1998
Yeah I was wondering about that offering too. Was hoping they would hold back until the markets settled down. Unless they have someone with deep pockets that can prop this up again while we still have a tiny tradable float