Applied Blockchain Inc (APLD)

[KingsKnight]

Laying It Out..
Guess we'll all be parting ways soon on this one, but I guess I had to punch in the numbers & see how exactly we got the no vaseline treatment from the Hosts with the Mosts.

So as per that last S1/a, and well there's been so many out of the banksters. What they really did was kill us on the issuance, which in turn reduced the value on all the legacy shares [which there were only 1,283,978 after the split. The R/S should have created a 54M Share O/S entity, but they went ahead and issued 45M shares on top of that, for the ole pocket lining & cash printing press.

I suspect the one redeeming aspect of this result [as of now] is that they're only 15% below the true market cap value the R/S alone would have created. But for most legacy holders, we got thick shaft, the 1:6, and a ~85% share dilution. So the damage will only be seen once your shares reset & see you lost 85% just on total value. And now you have a whole lot less shares, so a $1 move is making no one any money here. So the murder scene is developing, as in a few days the 1.2M shares or what's left of retail OTC will likely head for the exits as well...But I'm sure they'll be a party scene in Dallas!! Bottoms Up! Congrats surely in order there for them!

Grouse Hunter Wednesday, April 13, 2022 4:15:13 PM
Re: KingsKnight post# 2180
With the current market conditions I’m sure potential buyers of the IPO were shrinking fast so they took what they could get. They still need to raise a lot more money for the current and future projects. I think someone will come along to support the price once things settle out so they can get another offering together down the road.

Coolbeanss Wednesday, April 13, 2022 4:22:18 PM
Looks like everyone got murder.