Gundlach: "I Should Change My Firm's Name To DoubleBlockchain" [zero hedge]
LONG BLOCKCHAIN CORP COMMON (LBCC)
US:NASDAQ Investor Relations:
investors.longislandicedtea.com
Company Research
Source: zero hedge
Many others had done it, but nobody quite as blatantly as beverage maker Long Island Iced Tea Corp, which in late December, bizarrely but profitably changing its name to Long Blockchain Corp, which sent its shares soaring by 500%.In an ironic twist, we previewed LTEA's hilarious "pivot" just one day earlier when - discussing a similar surge in microcap stock Net Element - we said:Now that it is abundantly clear that for a stock to explode higher, all that is necessary - and sufficient - is a press release mentioning the company's name and throwing in the word "blockchain" in the same sentence (see Riot Blockchain and LongFin Corp), other public microcaps have decided that if that's all it takes, then by all means they will gladly take investors' money.Indeed, as the value of Bitcoin has skyrocketed in recent months, companies previously focused on making fitness apparel, bras, cigars and beverages (and many other unrelated things) have rebranded themselves as virtual currency or block
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