During the internet bubble, some companies were able to boost their stock prices simply by inserting a "dot-com" in their names or, virtually overnight, refashioning themselves as e-commerce companies.
Bitcoin-related stocks like NVIDIA and AMD are capitalizing on the craze, but so are little-known companies like Riot Blockchain, which was a struggling biotech company that had gone through several name changes (most recently Bioptix) but saw a smaller, yet phenomenal rise in share price after switching focus to crypto and adding "blockchain" to the name.
As part of the company's pivot to blockchain, a previously filed offering with the Securities and Exchange Commission for up to US$10 million in stock was withdrawn.
Long Island Iced Tea is a company which focuses on, you guessed it, iced tea (and other ready-to-drink non-alcoholic beverages) and that doesn't immediately scream blockchain technology to me, but the connections between the two do not seem to matter to everyone else. "Even when legitimate companies enter a hot, new sector, con artists nearly always follow suit", Gerri Walsh, FINRA's senior vice president for investor education, said in the statement.
Evan Longoria, the Rays' Stalwart, Is Traded to the Giants
In exchange for Longoria the Giants will send Denard Span along with Christian Arroyo , Matt Krook and Stephen Woods to the Rays. He arrived halfway through its 20-season history, just as the team rebranded itself as the Rays, from the Devil Rays, in 2008.
This is the New 2019 Jeep Cherokee
Blue interior backlighting gives way to white on the new model, and the gauges look to have been slightly redesigned as well. Jeep repeats the theme in back, where the updated taillights also go the Compass route.
People allergic to eggs, safe to get flu vaccine
Even ask about egg allergy before giving the vaccine. "It's very rare to see an adult with egg allergy - not impossible", he said. For more information visit beatflu.org or follow Beat Flu on Facebook and Twitter .
The company said Thursday that it plans to ask the Nasdaq to change its trading symbol from its current "LTEA", but didn't disclose what it wants the symbol changed to. It didn't say what the new symbol would be.
Long Island Iced Tea said it was in the "preliminary stages of evaluating specific opportunities" for blockchain. CEO Philip Thomas in a statement.