Previously, as long as the relationship with the blockchain or virtual currency, the company's stock price to move up, it is easy to remind the Internet bubble period 'prefix investment', US stocks Long Island iced tea is such a company. After the tea 'rub block zone fever', the ending of this story has become an alternative sample.
According to overseas media reports, the United States Long Island Blockchain Group has been notified recently, if the status quo then no improvement, its shares will be delisted from the Nasdaq.
In fact, the story about the Long Island Blockchain Group took place in nearly three months, and in December last year, New York-based maker Nagashima Ishima announced it would change its name to Long Blockchain Corp with a change of company name As the "long block chain", will apply for a new ticker symbol to its NASDAQ-listed exchange and has registered a new domain name on the official website. Long Island Iced Tea Company said at the time that the company would also operate Long Island branded beverage business But only a wholly-owned subsidiary. In the future, the company will focus on exploring investment opportunities brought by the use of blockchain technology.
Crashed into the upsurge of the blockchain, the company's stock price was approaching 15 dollars during the pre-market trading session on December 21 last year, up more than 500% from the closing price of less than 2.5 dollars on the previous trading day, and its market value has risen from 23.8 million U.S. dollars Surpassed 100 million U.S. dollars, after which the rate of increase slowed down. After opening more than 240%, it still ended up more than 180%.
However, the rise and share price heights seem to have become 'history' to the Long Island blockchain clique.
Subsequently, the Long Island blockchain group did not announce a specific development plan.Perhaps the pressure given by the market, Long Island Blockchain Group finally announced the first blockbuster strategy details: plans to raise shares through the issuance of up to 8.4 million US dollars And then used part of the money to buy 1,000 Antminer S9 bitcoin miners.In early February, the Long Island Blockchain Group announced that it had decided to abandon its plan to purchase 1000 bitcoin mining equipment Ant Mines S9 and related APW3 + + power supplies, The procurement contract was terminated but the company said it will continue to evaluate purchases of bitcoin and other digital currency mines as part of a larger blockchain operation.
Some analysts said that no matter whether it is forced to stop the blockchain hot or really 'transition', the company originally focused on soft drinks rub blockchain only temporarily boosted the stock price.Once the market fanatical concept of the blockchain Quickly subsided, the company hopes to save the stock price will be dashed from the technical development to the market fanatic, and then tide retreat bubble began to burst, those steady and steady company will survive, and ultimately will become the industry's leading representatives.
As of February 21 US trading hours, the long-term blockchain shares closed at 3.05 US dollars.
Nowadays, investors compare the fanaticism of the blockchain to that of the Internet bubble, in the wake of the dot-com boom in the late 1990s, when some companies wishing to become the next Amazon have prefixed their names with an 'E' or '.com' Suffix, to show that they are related to the Internet.At that time, as long as a company hooked up with the Internet, no matter what the stock price will be speculative, was called by some people as a "prefix investment." But, as the Internet bubble burst, Some companies pursuing 'prefix investment' are also scrambling to get out of the relationship with the Internet.
Of course, domestic and foreign technology giants have set foot in the block chain, which is an indisputable fact recently, the market came a mysterious person spent 1 billion US dollars to buy 96,000 bitcoin, the specific buyer information is unknown, then came the name Spent billions of dollars in the mysterious gold Lord may be CEO Ding Lei Netease .According to this rumor, Ding Lei rumor said: a bitcoin never owned before, but said that very concerned about the development of the blockchain.