Applied Blockchain Inc (APLD)

[KingsKnight]

Troubled Waters Here Keep.
This one has been cratering [-60%] due to the release of the latest S1 amendment. Will it rebound? that will depend on management of this company, who essentially shot themselves in the foot by the mention of an Reverse Split of 1:6. It was uncalled for, unnecessary at that time (price was at or above $4) Now the stock will struggle to achieve any resemblance of stability. Retail investors are going to bleed here until they take action [new S1a, news, partnership etc]
There is no floor & in reality, $1 may be next. They essentially now NEED an R/S to make the price to uplist. Maybe this was their inside way of killing off all the legacy shareholders here. Everyone that bought now above $1.50 is holding a loss. Hard to believe. Those with any profits will bleed until they say enough and bail out. This can go as low as .66c and would hit the $4 Nas minimum on the stated 1:6 R/S.

KeepOn Monday, 01/31/22 05:50:36 PM
Monday, 01/31/22 06:00:39 PM
Doesn't this rebound from here?
Crickets.
Doesn't this have to bounce back in a big way?