Nasdaq to Delist Long Blockchain Stock

The firm announced the exchange's decision on Tuesday, sending the stock price down more than 37.14%
12 April 2018   140

Shares of Long Island Iced Tea, whose price jumped in December after the company's renaming to Long Blockchain, is waiting for Nasdaq delisting this Thursday. This is reported by CoinDesk.

The company unveiled the decision of the stock exchange on Tuesday, along with the price of its shares fell by 37% and reached $ 1.10. Long Blockchain shares were traded just below $ 10 in December.

In February, Long Blockchain announced its intention to challenge the decision shares delisting, but its efforts were not successful.

The Company appealed this determination and a hearing was held on March 22, 2018. Following this appeal, the Hearings Panel determined to uphold the Staff's decision. Accordingly, trading of the Company's shares will be suspended on the Nasdaq Capital Market at the opening of business on April 12, 2018.
 

Long Blockchain Statement

The possible delisting of Long Blockchain became known in October last year. According to the requirements of the trading platform, the market capitalization of the company's shares should stay above the level of $ 35 for 10 consecutive working days. At the time of publication, the capitalization of LBCC is about $ 11 million.

In February, Nasdaq issued a repeated warning, simultaneously suggesting that Long Blockchain was not completely honest with its investors.

The notification letter stated that the staff believed that the Company made a series of public statements designed to mislead investors and to take advantage of general investor interest in bitcoin and blockchain technology, thereby raising concerns about the company's suitability for exchange listing. The company strongly disagrees with the staff's determination and, accordingly, has appealed to a Hearings Panel.
 

Nasdaq Statement

According to the latest announcement, Long Blockchain is not going to give up its plans, including the purchase of a British company.

BOScoin sets up a meetup in Amsterdam

The first European BOScoin meetup will be held in Amsterdam on May 13 to introduce the platform to the public
21 April 2018   25

BOScoin is holding its first European meetup session on May 13 in Amsterdam. The venue is chosen to be at Berlage Meet and Workspace. During the meetup members of the team with CTO Yezune Choi and the community manager will be available to answer questions in order for BOScoin community to learn more about the project, and understand how it fits into the broader market. Mr. Choi will be presenting an overview of the BOScoin platform, and going into greater detail about the project's future plans, and technical aspects of the platform.

Among the topics to be covered there will be explanation of the technology and project's business strategy. Currently BOScoin has a working and functional blockchain network called tokenNet, which allows for the transfer of BOScoin from wallet to wallet.

The event starts at 13:30 local time.