https://finance.google.com/finance?q=NASDAQ%3ALTEA
Whether or not the press release is a fake, the spike is real.
So, it would show it, because it shows the company name. And the company name is not "Long Blockchain", so the link proves nothing and the gp is full of shit.
It seems far more likely that the name change hasn't been made formal, or if it has, it hasn't trickled into Yahoo's database yet. The press release says:
> The Company intends to request Nasdaq to change its trading symbol in connection with the name change.
It's an intention. It hasn't formally happened yet.
No, I'm not.
I am claiming the spike did happen, which means even if the press release is a fake, people were happy to spike a company's value massively just on a name change that mentioned the blockchain.
http://www.nasdaq.com/press-release/long-island-iced-tea-cor...
Is this the withdrawal it talks about?
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Pursuant to Rule 477 under the Securities Act of 1933, as amended, Long Island Iced Tea Corp. (the “Company”) hereby makes application to withdraw its Registration Statement on Form S-1, File Number 333-221737 (the “Form S-1 Registration Statement”), relating to the offering of the Company’s securities.
The Form S-1 Registration Statement was filed in connection with a proposed public offering of the Company’s common stock and warrants. The Company has determined that at this time it will not proceed with the registration and sale of the securities as contemplated in the Form S-1 Registration Statement. The Company has not offered or sold any securities under the Form S-1 Registration Statement.
Accordingly, we request that the Securities and Exchange Commission issue an order granting the withdrawal of the Form S-1 Registration Statement as soon as possible.
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Looks like it [is a joke!]. I mean, the new website is only a day old, hosted with "Hostgator", uses a free theme (http://websites.simplesphere.net/piupiu/) and NGINX has directory listing switched on! That and all the news reports are syndicated from the same place, so its just propagating all over the place.
That - or I am mistaken, in which case - "All Hail our new Blockchain overlords" :)