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.