Applied Blockchain Inc (APLD)

[KingsKnight]

Yeah It's strange,
I have seen some R/S that created that illiquid scenario you presented. But most times the company go ahead and run right into it without regard. For ex GAME/TOMZ those two did 1:15, 1:8 respectively for their uplists. They brought their O/S down to 15M & 19M, got their uplists done & both are in dire straights after getting uplisted. I suspect at a certain point the "float" just becomes hedgies/funds/etc playing circle jerk with one another. The whole "float is locked" is the ole loch ness of the markets LOL.
If their aim here is to get to a 50M O/S company, then they will do what it takes to get that, and at the moment that will require an R/S. WE shall see..

i_like_bb_stock Friday, 01/28/22 01:00:21 PM
Re: KingsKnight post# 2021
with a 7.5M float anything bigger than 1:5 would make it illquid I hope they are considering that. also I hope they are going to either retire some of the OS or convert it to preferred the mkt is quite high articifically