Like absolutely every previous press release, I question whether they can get this done:
"The Company today also announced that today's name change as well as a number of additional corporate initiatives in the pipeline are being implemented in advance a strategic acquisition of a leading cryptocurrency platform prior to its highly-anticipated Initial Coin Offering (ICO). As of today, the target acquisition's valuation has already exceeded $30 million."
If you read that press release, it is actually pretty good stuff in there. However, no one bought it. I imagine it was because of failures throughout the year.
There are only 2 ways I can think of to fulfill that acquisition. They either take a loan, or they dilute.
I guess you can remain optimistic and bullish. Maybe that 50 million really did exist and that is why the "No ICO" has been floated around.
Who knows. But, they certainly have given no reason to have faith or believe in them.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.