Applied Blockchain Inc (APLD)

[KingsKnight]

Losing 3x Over..
Float really doesn't matter here bud, they just floated 8 million to the market. What really killed this was they R/S'd at $1.70, which was $10.20 pricing, but then revised the listing to $5. So I'm not sure how many screwings that was. Went from 16-20, to 6-8 to 5, and the R/S combined made likely many go down 70% in the red on this. They really f'kd holders over. But enriched themselves plenty on the IPO,,.smartest guys in the room!

Applied Blockchain, Inc. (NASDAQ: APLD) announced that yesterday it priced an initial public offering of 8,000,000 shares of its common stock at $5.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on April 13, 2022, under the ticker symbol “APLD.” In addition, Applied granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on April 18, 2022, subject to customary closing conditions.

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Wednesday, April 13, 2022 11:39:22 AM
Re: KingsKnight post# 2167
actually never one this bad before and Ive been through quite a few uplists from the otcbb, the float was so low, that any additional shares are gonna make it ugly