Applied Energetics: A Resurrected Failed Weapons Technology Company Is Set To Implode
Applied Energetics (AERG) became an empty shell in 2014 and remained that way for 2.5 years.
There have been no significant achievements since executives laid out a plan to revive the company in 2017.
The share count has more than doubled since 2017, and the stock price has risen over 400% since the beginning of the year.
A whopping 48.7 million shares that were bought for $0.06 or less are now getting registered for sale.
On 5/24/19, the company issued 2.5 million warrants at a $0.06 exercise price, which we believe indicates what the stock is worth.
See the full report on Seeking Alpha here.