Iced Tea Company Changes Name to "Long Blockchain", Stock Immediately Skyrockets

Iced Tea Company Changes Name to

Iced Tea Company Changes Name to "Long Blockchain", Stock Immediately Skyrockets

Representatives of Long Island Ice Tea Corp did not immediately respond to an AFP request for comment.

Blockchain, the technology behind the current cryptocurrency craze.is a ledger sheet where transactions involving bitcoin, litecoin and other digital currencies are recorded.

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 chose to become a blockchain player.

Short-seller Citron Research on Monday said it had taken a short position on Riot Blockchain, and challenged the company's CEO, John O'Rourke, to a live debate on CNBC.

Because "blockchain" is one of the hottest corporate buzzwords you can summon in 2017, Long Blockchain's stock "zoomed" almost 200 percent after the Thursday announcement. According to Business Insider, shares were trading at around $13 prior to the opening bell Thursday morning, representing a more than 400 percent rise from Wednesday.

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Last week , the GP consultation rate for ILI increased to 20.3 per 100,000 population, up from 6.8 per 100,000 the previous week. Burton has been in nursing since 1989; and has worked in infection prevention for the past seven and a half years.

"We view advances in blockchain technology as a once-in-a-generation opportunity, and have made the decision to pivot our business strategy in order to pursue opportunities in this evolving industry", said Long Island Iced Tea Corp.

"We will, in the coming weeks and months, be taking a series of steps related to our efforts to assemble a world-class team of industry professionals to help us realise this vision".

The company says it's "already in the preliminary stages of evaluating specific opportunities involving blockchain technology" and even goes onto say they're looking at buying an FCA-regulated FX broker.

"Your support over the years has helped to drive our growth and elevate our brand, and we remain committed to maintaining and fostering these relationships", he said.

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