THELOGICALINDIAN - Long Blockchain the above cooler companyturnedblockchain close was hit with a amendment from the SEC according to statements filed by the aggregation on Wednesday
Long Blockchain is allied with the authorities in commendations to the matter, letters from Bloomberg indicate. According to the company, which aforetime specialized in iced-tea drinks, the SEC filed the amendment on July 10 in hopes of accepting a alternation of abstracts accompanying to the firm.
For the Nassau County-based company, this is the abutting in a alternation of woes which includes a delisting of the company’s banal by Nasdaq. Formerly called Long Island Iced Tea Corp., the aggregation has apparent its amount bead almost $65 actor back December. This leaves the aggregation with a bazaar amount of almost $5 million.
The amendment comes amidst yet addition re-branding accomplishment by the firm. Long Island Business News reported Tuesday that:
The aggregation is agreement a aerial amount of accent on these adherence efforts in hopes of bolstering technology and growth. This is according to anew appointed CEO Andy Shape, who boasts a quarter-decade of acquaintance in administration and marketing. Long Island Business News also addendum that “prior to basic Stran Promotional Solutions, he formed at Copithorne & Bellows Public Relations, a Porter Novelli company, as an annual controlling accoutrement the technology industry.”
Despite ambience an cold to “implement confusing technology solutions, including broadcast balance technology,” the close additionally maintains that “the aggregation has not taken any accomplish against developing any such technology and does not apply cadre with the accordant technology expertise.”
In animosity of Long Blockchain’s cooperation, their about aberration is mirrored in a account apropos the matter, which states:
What are your thoughts on the SEC subpoena, and how will affect the business efforts of Long Blockchain? Tell us what you anticipate in the comments below.
Images address of Shutterstock.
