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Who makes here money are the insider, the company them self!!! Attention
You may be right. I have no opinion either way on the trading of this stock
Congrats to anyone making money trading it. I just wouldnt touch it myself because its worthless garbage at these prices.
I think the high premarket was around $11 when I first looked. Maybe even higher
It's a crypto play this will go up regardless
The goal here..
In my thinking is to find other companies which are apt to benefit from utilizing the blockchain in their business, before they announce.
Of course, nobody could predict such a thing with a CPG company.
Fintech and companies that move around data are a natural fit. And will benefit. So we'll be launching the BlockChainStockReview this weekend.
QIWI had news related to that and MoneyOnMobile (a client) is another candidate which could explore the benefits. And I have a list of medtech companies which would benefit.
We started the InternetStockReview in 1998 and one of our picks was Sportmens Guide which sold stuff via a catalog. When they announced they were launching a website, the stock took off.
That's the concept. Nothing scandalous or fraudulent. It's just an enhancement to certain business models.
Better hope they down list to the OTC, to hook the type of investors that fall for this BS long term.
12.13.17 news. New partnership with juice company. Now Blockchain. Chen Chen. Do not forget to leave this kamikaze
What a bull shit!!!!!!! 99% of this renamed companies you will never see on the market!!!! Warning
Ice tea company changing name to blockchain for a quick spike in share price and then crash
Waiting for Coca-Cola BlockChain to come Next.
In this Market... anything is possible.
Just put BlockChain on the end of anything.
BlockChain.
Catch-phrases.
$LTEA: What are you calling a Fraud ?
$LTEA or $NTFL ?
Not sure what you are referring to ?
One is a boutique broker-Dealer.... the other isn't.
I’m asking you honestly how you can pump such an obvious fraud
Our business model is dead but you just made money. You're welcome.
Cheers for shareholders.
Insiders can't easily monetize the move with their personal holdings, but everyone who bought into their numerous rounds can.
So say thanks for the Christmas present. It is funny though.
Fine... Have a good Day then.
Was just making a point.
Are you really gonna pump this?? Lmao come on bro
$LTEA: $NTFL just saw there $LFIN position pop too
Guess what $LFIN is........ Blockchain.
Guess what $LTEA became today.... BlockChain.
Connect the Dots.
Get a Clue on what $NTFL is trying to do.
Thats why there is a $NTFL board member now on $LTEA's board.
$LTEA
Whats it matter a Netw1 rep is n the board? They underwrote a beverage company. Their DD this beverage company was properly valued and would be successful was DEAD WRONG!
Just because LTEA does a name change to shift from a failed business to a new hyped industry is no feather in the cap of Netw 1, just the opposite
$LTEA: Guess who's on the Board-of-Directors for $LTEA right now
Thats right....
$NTFL PEOPLE.
REad the news.
https://investors.longislandicedtea.com/sites/default/files/Long%20Island%20Iced%20Tea%20Corp.%20Appoints%20Two%20New%20Members%20to%20its%20Board%20of%20Directors_12.1.17.pdf
**************************************
Mr. Hayde has spent over 25 years in the investment banking and securities industry, primarily focused on the
CPG sector, and is Executive Vice President and co-founder of IBC, a New York based merchant bank focused
on the beverage and CPG industries. He has successfully raised growth and acquisition capital for middle
market companies, and facilitated mergers, acquisitions, financial restructurings and divestitures. Through his
experience, Mr. Hayde also has extensive knowledge of FINRA, NASDAQ and other regulatory bodies and
issues. He is also a managing director at The Interim Opportunity Fund LLC and its advisor, Waterside Capital
Advisors, Inc., a newly formed fund focusing transactions with a defined strategy for exit with a heavy emphasis
on the consumer markets. He is currently a registered agent for Network 1 Financial Securities.
That IPO turned out to be a complete failure. The beverage business was a disaster. So much for Network1 lol
SCARED MONEY DONT MAKE MONEY BABY
sell set at $12 for a cool 50% ,,then will re-enter at the retrace..and trade the pattern.
$LTEA: $NTFL owns a bunch of $LTEA shares
From the Underwriting process.
$LTEA
Awesome! Take the dumb money and run!
Congrats!
i put a market sell on the bell!!!i cant believe that!!!a lot of luck to me!!!
Nice, congrats. Sell that chit and run... lol
Its up huge premarket.. who knows how its going to trade s/t but most understand this is nothing more than a hype job. Hiring world class team to a broke company of failed beverage execs lol
The party is almost over fellas. These late stage runners won't even last an hour anymore. First movers always have the best sustainable runs. Then it trails off
Are u freaking kidding me?!?!?
amazing!!! i had 1000 shares @ 2 bucks!!!!ouu yeaaaaa
One would have to have a hole in their head to buy this garbage...
Philip Thomas, Chief Executive Officer of the Company, commented, "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. We are committed to enhancing shareholder value and believe that our new focus is the best path towards this goal. 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 realize this vision. We are pursuing our new direction in a thoughtful and deliberate manner."
Looks like LTEA fast fowarded the process of ceasing operations and seeking a new reverse merger candidate and did what most sleaze ball companies do... redirect their business to the flavor of the day
Im sure the expertise they bring from a failed beverage company will take the blockchain industry to new heights lol
Complete Dow Jones news >> Long Island Iced Tea Corp. to Rebrand as "Long Blockchain Corp."
28 minutes ago - DJNF
Long Island Iced Tea Corp. to Rebrand as "Long Blockchain Corp."
- Corporate Focus to Shift Towards Opportunities Strategic to Blockchain Technologies -
Farmingdale, NY , Dec. 21, 2017 (GLOBE NEWSWIRE) -- Long Island Iced Tea Corp. (NasdaqCM: LTEA) (the "Company"), today announced that the parent company is shifting its primary corporate focus towards the exploration of and investment in opportunities that leverage the benefits of blockchain technology. In connection with the shift in strategic direction, the Company has approved changing its name from "Long Island Iced Tea Corp." to "Long Blockchain Corp." and has reserved the web domain www.longblockchain.com. The Company intends to request Nasdaq to change its trading symbol in connection with the name change. The Company will continue to operate Long Island Brand Beverages, LLC as a wholly-owned subsidiary and maintain the focus of this business on the ready-to-drink segment of the beverage industry, specifically, premium, 'better-for-you' brands marketed at an affordable price.
In conjunction with the shift in business strategy, the Company has submitted a request to the Securities and Exchange Commission to withdraw its previously filed S-1 registration statement relating to a proposed underwritten public offering, which was filed on November 11, 2017.
Focus in Blockchain
Blockchain acts as a public, decentralized ledger. This ledger provides a single, unified source of data, creating a clearer audit trail and consistency across parties. The Company believes that emerging blockchain technologies are creating a fundamental paradigm shift across the global marketplace, with far reaching applications across all industries from financial services (smart settlements) to consumer packaged goods (supply chain verification) to healthcare (electronic medical records).
The Company is already in the preliminary stages of evaluating specific opportunities involving blockchain technology. The discussions are only in the preliminary stages but indicate the areas of focus for the Company. These opportunities include potential partnerships, investments or acquisitions involving:
-- A blockchain software developer building blockchain infrastructure for
the financial services industry
-- A London-based FCA regulated, institutional provider of FX services that
is building multiple blockchain and digital crypto currency technology
solutions for global financial markets
-- A new smart contract platform for building decentralized applications
that provides scalability beyond currently available options
However, the Company does not have an agreement with any of these entities for a transaction and there is no assurance that a definitive agreement with these, or any other entity, will be entered into or ultimately consummated.
Philip Thomas, Chief Executive Officer of the Company, commented, "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. We are committed to enhancing shareholder value and believe that our new focus is the best path towards this goal. 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 realize this vision. We are pursuing our new direction in a thoughtful and deliberate manner."
Long Island Iced Tea(R)
The Company will continue to leverage its ownership of the iconic Long Island Iced Tea(R) brand name and its existing beverage portfolio, and remains committed to improving the cash flow profile and efficiency of the beverage business through recently adopted operating initiatives.
"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 international scale," Mr. Thomas continued. "I want to assure our beverage industry customers, suppliers, and partners of our continuing support of the Long Island Iced Tea portfolio of beverages. 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."
About Long Island Iced Tea Corp.
Long Island Iced Tea Corp. is now focused on developing and investing in globally scalable blockchain technology solutions. It is dedicated to becoming a significant participant in the evolution of blockchain technology that creates long term value for its shareholders and the global community by investing in and developing businesses that are "on-chain". Blockchain technology is fundamentally changing the way people and businesses transact, and the Company will strive to be at the forefront of this dynamic industry, actively pursuing opportunities. Its wholly-owned subsidiary Long Island Brand Beverages, LLC operates in the non-alcohol ready-to-drink segment of the beverage industry under its flagship brand 'The Original Long Island Brand Iced Tea(R) '.
Forward Looking Statements
This press release includes statements of the Company's expectations, intentions, plans and beliefs that constitute "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of the Company's business strategies and its expectations concerning future operations, margins, sales, new products and brands, potential joint ventures, potential acquisitions, expenses, profitability, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These statements include any statement that does not directly relate to a historical or current fact. You can also identify these and other forward-looking statements by the use of such words as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "thinks," "estimates," "seeks," "predicts," "could," "projects," "potential" and other similar terms and phrases, including references to assumptions. These forward looking statements are made based on expectations and beliefs concerning future events affecting the Company and are subject to uncertainties, risks and factors relating to its operations and business environments, all of which are difficult to predict and many of which are beyond its control, that could cause its actual results to differ materially from those matters expressed or implied by these forward looking statements. These risks include the Company's history of losses and expectation of further losses, its ability to expand its operations into blockchain technologies, its ability to develop or acquire new brands, the success of its marketing activities, the effect of competition in its industry and economic and political conditions generally, including the current economic environment and markets. More information about these and other factors are described in the reports the Company files with the Securities and Exchange Commission, including but not limited to the discussions contained under the caption "Risk Factors." When considering these forward looking statements, you should keep in mind the cautionary statements in this press release and the reports the Company files with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and the Company cannot predict those events or how they may affect it. The Company assumes no obligation to update any forward looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws.
Contacts:
For Investors
Philip Thomas
Long Island Iced Tea Corp.
1-855-542-2832
info@longislandteas.com
(END) Dow Jones Newswires
December 21, 2017 08:32 ET (13:32 GMT)
« Back to Stocks News
DOW JONES NEWS WIRE: Long Island Iced Tea to change name to Long Blockchain Corp.
10 minutes ago - DJNF
(END) Dow Jones Newswires
December 21, 2017 08:47 ET (13:47 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
We already know that. It is in today's filing. LTEA is a go!
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Market Value1 | $5,889,214 | a/o May 02, 2011 |
Shares Outstanding | 19,630,714 | a/o Mar 24, 2011 |
Almost entire O/S owned by insiders and institutions..
http://www.fatpitch.biz/cgi-bin/f.cgi/psp/extn/lmt_entry/cik.1471256.828.html
Eric J Watson CEO 34th richest man in New Zealand
http://www.stuff.co.nz/business/farming/2992064/Eric-Watson-to-milk-US-market
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