Long Island Iced Tea changing name to Long Blockchain

22 December, 2017, 01:21 | Author: Gladys Mathis
  • Long Island Iced Tea

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.

LTEA said that as part of this change in direction, it plans on changing its name from "Long Island Iced Tea Corp." to "Long Blockchain Corp.".

The company, which will ask Nasdaq to change its trading symbol in connection with the name change, said it will continue to focus on the ready-to-drink segment of the beverage industry.

Notably, management has not yet secured an agreement with any blockchain entities, and it intends to retain Long Island Brand Beverages as a wholly-owned subsidiary.

"I am incredibly proud of what we have accomplished in the beverage industry and we are committed to growing our business both on a national and worldwide scale..."

Senate Panel Rejects Trump's Nominee to Lead Ex-Im Bank
Scott Garrett, who once was a member of the House Freedom Caucus, was rejected by the Senate Banking Committee by a vote of 10-13. According to The Hill , the Banking Committee did approve four other nominees to the Ex-Im board.


Facebook's face recognition AI is totally not scary, says Facebook
The new feature is based on the same technology Facebook has used to suggest friends you may want to tag in photos or videos. If you've already opted out of that feature, you will also be automatically opted out of the new facial recognition features.


Pentagon confirmed existence of UFO program, incident videos released
The program publicly released a video apparently showing an encounter between a Navy F/A-18 Super Hornet and an unknown object. Upon leaving the Pentagon , Elizondo said he left a successor to keep running the program, but did not reveal their name.


Though the company says it doesn't have any agreements in place, the company has switched its domain to http://www.longblockchain.com and the new site says Long Blockchain is in the "preliminary stages of evaluating specific opportunities".

As investors, we know that the news moves the market.

Even though it's named after the popular mixed alcoholic drink it appears the company sells non-alcoholic iced teas, according to its website. So, it's no surprise that LTEA is seeing massive gains in the pre-market this morning after making the announcement.

But for now, it remains a tiny beverage company based in Farmingdale that reported total sales of just $1.6 million in its latest quarter and whose stock was down more than 40% this year before it made a decision to become a blockchain player.

Stop wasting your time! Finding stocks that look good on paper but have fallen out of favor with certain investors may be a good place to start doing some further number crunching. In particular, we're interested in following the company's shift to the blockchain and excited to see the results of this shift. Join the CNA Finance mailing list below!

Recommended:

  • AT&T plans to give employees $1000 bonus after GOP tax bill passage

    AT&T plans to give employees $1000 bonus after GOP tax bill passage

    How's AT&T going to pay for it? The bank also said it would distribute a one-time bonus of $1,000 to about 75% of its employees. On a call with analysts, FedEx CEO Fred Smith praised the tax legislation as a "pro-growth" plan that will "power the economy".
    WannaCry cyberattack: U.S.  says it has evidence North Korea was 'directly responsible'

    WannaCry cyberattack: U.S. says it has evidence North Korea was 'directly responsible'

    Whenever possible, we will work with partners, industry and allied governments, who share our market based values. The US is not the only country that attributes the WannaCry attack to North Korea, Bossert adds.
    Newcastle need January signings, says Benitez

    Newcastle need January signings, says Benitez

    Newcastle are now in the midst of their longest winless run since May 2015 when they went 10 games with a victory. We just have to be sure we have the options and see if they are possible because sometimes January is very hard ".
  • Trudeau's tropical vacation broke rules, says ethics czar

    Trudeau's tropical vacation broke rules, says ethics czar

    On both occasions, the report states that Trudeaus were told that the Aga Khan and his family "may or may not be present". We need to make sure that the office of the prime minister is without reproach'.
    Chrome will start blocking 'intrusive' ads starting February 15

    Chrome will start blocking 'intrusive' ads starting February 15

    Google joined the Coalition for Better Ads , a group that publishes quality standards for display ads on the web, in 2017. In addition, FireFox browser also comes with extension to effectively block unwanted popups, popunders and overlay ads.
    Japanese Cabinet Approves Two Aegis Ashore Systems Deployment

    Japanese Cabinet Approves Two Aegis Ashore Systems Deployment

    The new Aegis stations may not, however, come with a powerful radar, dubbed Spy-6, which is being developed by the United States. In late November, North Korea launched an unidentified ballistic missile that fell in the exclusive economic zone of Japan.
  • Government Wants More And More User Data From Facebook

    Government Wants More And More User Data From Facebook

    The social media company also took down 217,265 posts from Facebook driven by counterfeit claims, and 108,094 from Instagram. Some 70,000 solicitations for copyright came to Instagram , with 685,000 bits of substance evacuated.
    Atlanta Airport Recovering After Power Failure

    Atlanta Airport Recovering After Power Failure

    At Evansville Regional Airport, one flight from Atlanta arrived and departed on time, but another departure had a two-hour delay. Because the fire was in a tunnel "adjacent" to the backup cables, the fail-safe system was knocked out, too, Georgia Power said.
    WWE announce details regarding first ever Women's Royal Rumble match

    WWE announce details regarding first ever Women's Royal Rumble match

    Female performers are role models, inspiring and empowering women and girls to be confident and strong. We've had women Hell in a Cell matches, Money in the Bank matches and more.
  • European Union  court rules Uber a transport service

    European Union court rules Uber a transport service

    The decision by the Luxembourg-based European Court of Justice in theory applies to ride-hailing services around the 28-nation EU. This ruling will not change things in most European Union countries where we already operate under transportation law.
    First PUBG patch on Xbox One goes live

    First PUBG patch on Xbox One goes live

    And now we wait for the inevitable patch that improves the performance of PUBG on Xbox One by a significant amount. Players of the phenomenal game " PlayerUnknown's Battlegrounds " may soon be able to pick maps for their matches.
    Pension War Could End Toys R Us This Week

    Pension War Could End Toys R Us This Week

    All the company's 84 toy stores, along with 3,200 jobs, would reportedly be at risk if the CVA is blocked. But it is believed Toys R Us does not have enough cash to meet this requirement.


Popular

Trump Reportedly Considered Pulling Supreme Court Nomination After Gorsuch Criticized Him
Gorsuch declined the Post's request for comment, but White House spokesman Raj Shah did provide a statement. But it quickly became apparent that Trump had not been informed or bought into the strategy.

As Nashville Awaits MLS Announcement, Sacramento Still Playing Waiting Game
Multiple sources confirmed MLS will announce it's expanding to Nashville , with the team probably beginning play in 2020. If either Sacramento or Cincinnati doesn't get a franchise now, they're nailed on to join a year later.

Nokia 9 features in yet another leak, this time without a case
If the renders turn out to be accurate, the Nokia 9 may very well be Nokia's first foray into adopting the popular design element. As far as the leaked specs go, it is likely that Nokia 9 will be a competitive flagship device under this price segment.

Evan Longoria trade marks end of remarkable era for Rays
Louis Post Dispatch that Cardinals execs "leave the Walt Disney Dolphin resort with good feel for what Tampa Bay would be willin". UPDATE, 4:02: It doesn't sound like the Rays and Cardinals will be making a deal today, Derrick Goold writing for the St.

Bitcoin derivatives makes smooth debut on CME
The CME exchange may see higher volume overnight as markets open on Monday morning in the US. Although there can be a decline of a thousand and more it is always short-lived so far.

Synaptics: In-display fingerprint sensor to launch in 2018 'tier one' flagship
Embedding fingerprint sensors in displays has proven tricky and was why the Apple iPhone X lacked Touch ID in its OLED display. Synaptics is planning a demonstration for January 2018 on a full-production, soon to be announced "tier one" customer phone.

Holiday travelers may see lower prices at the pumps
So far this year, the highest average price in Florida was $2.73 on September 9 and the lowest was $2.13 on July 17. Though the gas price will be the highest in years, it's also down from where prices were at Thanksgiving.

Pentagon recognizes existence of UFO investigation program
Despite the Pentagon's claim that the programme has been shut down, its original backers say that the investigations are ongoing. The U.S. government has been secretly investigating unidentified flying objects - UFOs - since 2007.

Cyril Ramaphosa elected president of the ANC
Keeping the ANC together has been a key talking point at the gathering. "Unity is what will make the ANC and South Africa succeed".

Track Palin arrested, charged with domestic violence-again
Sarah Palin's eldest child, Track Palin, was arrested on charges of domestic violence for the second time in two years. Track Palin, who his mother has said suffers from post-traumatic stress disorder, has been arrested previously.