Las year an ice tea company changed its name and corporate focus to “blockchain.” Now that company is on the verge of being kicked off Nasdaq and was recently subpoenaed (I needed spellchecker for that word) by the Securities Exchange Commission. Go figure. I’m not going to spend time discussing why the stock went from $1.70 before the change to $6.91 immediately following the “change,” to $0.34 today – because it makes no sense to me.
Long Blockchain Gets Hit With SEC Subpoena After Nasdaq Ouster
https://www.bloomberg.com/news/articles/2018-08-01/long-blockchain-gets-hit-with-sec-subpoena-after-nasdaq-ouster