MORE BLOCKCHAIN NONSENSE
-By Gary Kaltbaum December 21,2017-
-When this ends, do not be the last one in. That’s our motto. That’s my motto.-
-I have written to you about Riot Blockchain (RIOT), a company that changed its name from a NO SALES biotech and watched its stock soar from a never trading $3 to over $40 with the stock trading its float a couple of times each day.-
-Or Crypto Compaany (CRCW) a blind pool that announced coins and watched it stock go from nothing to $600 before the SEC stopped its trading because of accuracy issues from the company.-
-Or Rich Cigars (RCGR) a 1 cent penny stock that never traded (maybe they sold some cigars)…announces a coin and than watches the stock go to $1…now trading at 43 cents.-
-Or Longfin (LFIN), a fast tracked IPO that has nothing but announces some crypto crap. Stocks goes to $5 to $150 trading now at $69.-
-Or Skypeoplefruitjuice.com…no, not kidding going from $1 to $6 in seconds because someone on another business station said it could be a blockchain play.-
-And just yesterday, Net Element (NETE) another hardly trading dead stock rallies from $5 to $19 on you guessed it, blah blah blockchain.-
-BUT…this morning…and again, we are not making this up. A bulletin board stock named Long Island Iced Tea (LTEA), a maker of you guessed it…ICED TEA with hardly any sales and a ton of losses…JUST CHANGED THEIR NAME TO LONG BLOCKCHAIN. No…not kidding. The stock is trading pre-market at $10.50 up $8…from the $2.50 level.-
-But don’t worry, Janet Yellen and the rest of the merry men and women of the central banks around the globe say there are no bubbles. Everything gonna be fine.-