Replies to post #2179 on Applied Blockchain Inc (APLD)

[KingsKnight]

Bypassing OTC..
What they did, was by using an IB and S1 SEC filings, they really didn't care about OTC. They were purely looking to list, the OTC issued ticker was essentially only used as a placeholder cusip. The R/S. and then the sharp reprice that was just some extreme levels to kill off the OTC holders. So they enter the NAS with mostly all newly minted shares. All OTC holders are looking at likely a 70% value decline on their company share value. To have 100 shares now you needed 600 before. And those shares went from being worth $10.20 to being $4.50 in a blink. Many got trapped having bought in recently. If you owned this anywhere above $2 pre split [$12 post split] consider your money gone for a few years. Sub $4 when R/S shares get released..

ItalStallion Wednesday, April 13, 2022 2:11:56 PM
Re: KingsKnight post# 2178
1st time in my life I saw a stock go to Nasdaq directly from OTC Yield Sign..I thought it was compulsory to go PINK CURRENT through national exchange first.So strange