Tiny company which owns some Hooter's restaurants says it will use blockchain, boosting stock by 50% [CNBC]
CHANTICLEER HOLDINGS INC (BURG)
Last chanticleer holdings inc earnings: 11/14 04:00 pm
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Source: CNBC
The speculative mania on anything related to cryptocurrencies is happening again in the new year. Chanticleer Holdings (BURG), an owner of burger restaurants, said Tuesday it will use blockchain-related technology for its customer rewards program. The company also owns 9 Hooter's restaurants and is a minority investor in Hooter's of America. We wanted to expand our existing loyalty program with something that really changes the way our customers can leverage their rewards; Mobivity Merit is real cryptocurrency, leveraging the same infrastructure and principles of Bitcoin, Ethereum, Ripple, Litecoin, and more, and will enable our customers to make use of their rewards in entirely new ways, Michael Pruitt, chairman, president and CEO of Chanticleer Holdings, said in a release . Chanticleer Holdings rose nearly 50 percent in Tuesday trading to almost $4 a share. The Nasdaq-traded stock had a market value of only $8 million through Friday so it's clearly buyer beware.
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