THELOGICALINDIAN - A baby US cooler companys allotment amount has added by added than 400 in a distinct day afterwards rebranding to accommodate the chat blockchain in its name The aggregation aforetime accepted as Long Island Iced Tea Corp is now alleged Long Blockchain Corporation A Hong Kongbased cooler aggregation formerlynamed Skypeople Fruit Juice has additionally apparent a affecting fasten in allotment amount back rebranding to Future Fintech Group beforehand this year
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Long Blockchain Corporation’s Share Price Increased by 432% in a Single Day After Rebranding
The aggregation has declared that although it will abide to aftermath algid tea-based beverages, it is “shifting its primary accumulated focus appear the analysis of and advance in opportunities that advantage the allowances of blockchain technology.”
The company’s arch controlling officer, Philip Thomas, stated “We appearance advances in blockchain technology as a once-in-a-generation opportunity, and accept fabricated the accommodation to axis our business action in adjustment to accompany opportunities in this evolving industry. We will, in the advancing weeks and months, be demography a alternation of accomplish accompanying to our efforts to accumulate a world-class aggregation of industry professionals to advice us apprehend this vision. We are advancing our new administration in a anxious and advised manner.”
Long Blockchain Corporation Has Not yet Partnered With nor Invested in Any Entities in the Cryptocurrency or Distributed Ledger Technology Industries
Despite the assured rhetoric, there is little affirmation advertence that Long Blockchain Corporation’s “pivot” will comprise annihilation added than a change in name. Although the close states it is gluttonous “potential partnerships, investments or acquisitions” in the blockchain industry, the company’s columnist absolution states that “The discussions are alone in the basic stages,” and “There is no affirmation that a absolute acceding with these, or any added entity, will be entered into or ultimately consummated.”
Skypeople Fruit Juice Share Price Doubles After Renaming to Future Fintech
Earlier this week, CNBC appear the Hong Kong-based cooler company’s shares had angled in amount amidst a aberration of Twitter-based belief that the firm’s June rebrand was advised to reflect a newfound focus on cryptocurrency on blockchain technology. Although the aggregation attributed its name change to a admiration to focus on banking technology, CNBC appear that “there is no acknowledgment of ‘blockchain,’ ‘bitcoin’ or annihilation crypto-related in the absolution or the company’s November presentation to investors.”
Future Fintech’s website states that the company’s mission is to “develop a awful chip agronomical articles and accounts aggregation that promotes advantageous active through […] high-quality alimental products.”
Do you anticipate that Long Blockchain Corporation will accomplish acceptable on its claims and advance in the broadcast balance technology space? Or will the company’s focus abide on bearing algid tea? Share your thoughts in the comments area below!
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