THELOGICALINDIAN - After delistings warnings and alike authoritative accomplishments in altered markets about the apple we are now accepting addition adumbration that the blockchain stocks advertising is dying out A TASE carapace aggregation has switched its focus from aggravating to access the blockchain agitation to newer trends like the acknowledged cannabis business
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Fantasy Blockchain
Fantasy Network is a carapace aggregation traded on the Tel Aviv Stock Exchange (TASE: FNTS). On Monday the aggregation appear desperate changes to its leadership, catastrophe all the affairs it ahead had to access the blockchain space. The company’s CEO abdicate aftermost anniversary afterwards FNTS attack to absorb with A2Z Blockchain Technologies failed.
FNTS has switched its focus a cardinal of times in contempo years. At one point it was a Biotech company, specializing in the cryo-preservation of amniotic aqueous axis cells. Later it was in the online gaming business, alms technology solutions to fantasy sports operators, appropriately the name. Its affairs to access the blockchain amplitude were aboriginal appear by Fantasy Network about six months ago.
On December 10, 2017, afterward the company’s address that it was analytical the achievability of operating in the field, the company’s banal amount skyrocketed by hundreds of percentages aural a few days. However, appear the end of December, afterward warnings by then-chairman of the Israel Securities Authority, Prof. Shmuel Hauser, about preventing “backdoor listing” by bitcoin-related companies, the FNTS allotment plummeted aback down.
Cannabis Business
The accommodation by the lath of admiral to abolish the antecedent administration came afterwards several of the company’s shareholders claimed that the lath had fabricated “wrong decisions” in a address that “jeopardized the company’s connected accustomed operations.” They anticipation that the alliance accord was blurred and that “the accident inherent” will abuse the shareholders in the company. “This is a analysis company, with ambiguous technology, and its amount is not based on an assets forecast.”
The shareholders who requested the abandoning of the alliance accord added that they intend to “work to actualize cogent amount for the company.” And for this purpose they “examined a cardinal of another deals in areas that are preferable, for archetype in cannabis, which is an evolving and adapted field.”
What does this development beggarly for “blockchain” companies? Share your thoughts in the comments area below.
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