Nasdaq wants to boot iced tea maker for taking advantage of bitcoin craze [CNN]
LONG BLOCKCHAIN CORP COMMON (LBCC)
US:NASDAQ Investor Relations:
investors.longislandicedtea.com
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Source: CNN
Nasdaq wants to boot iced tea maker for taking advantage of bitcoin craze Nasdaq wants to boot an iced tea maker off its exchange for allegedly trying to fool investors caught up in the cryptocurrency mania. Last year's rebranding of Long Island Iced Tea into Long Blockchain symbolized the moment that the bitcoin movement went from a boom to a craze. The bizarre makeover from Long Island beverage company to blockchain powerhouse sent the stock spiking nearly 200% the same day. Long Blockchain ( LBCC ) , as the company is now known, said in a filing on Wednesday that Nasdaq has accused it of making a series of public statements "designed to mislead investors." Nasdaq wrote a February 15 letter to Long Blockchain saying it believes the company attempted to "take advantage of general investor interest in bitcoin and blockchain technology." Citing "concerns about the Company's suitability for exchange listing," Nasdaq said it plans to use its "discretionary authority" to delist Long B
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