Applied Blockchain Inc (APLD)

[KingsKnight]

Broken Trading Channel...
This stock was steadily trading over $4 for a bit & in the $3-4 range since October. In that time they've released 10 S1 filings, and the reaction was fine up until this last one. If they are seeking a particular share structure [~50M O/S] to uplist at, then really there's nothing to do but watch them R/S. They wish to list at ~50M O/S, not at the current share structure. To achieve that they've laid out their plan. They DON'T want to list at ~$4,they're hoping for ~$24. JMHO

ItalStallion Friday, 01/28/22 01:58:33 PM
Re: KingsKnight post# 2023
Reverse stock split is an action intended to fulfill the stock price requirements for official listing on NASDAQ, which requires that the Company's common stock price be at $4.00 or higher at the time of listing.
SOFO,BRFH,AZ,FNGR,SPRC,IAIC (WAVD),some examples of recent uplisters without R/S at the time of listing.
4 dollars per share are enough to be able to go public and I believe that with the potential this company has, it can do it without any R/S