News for hackers. Stuff that matters.
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by mystcb on Thursday December 21, 2017 @10:02AM (#15979156)
My comment from: https://news.ycombinator.com/item?id=15978994

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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" :)

Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by ceejayoz on Thursday December 21, 2017 @10:35AM (#15979461)
Hard to fake a NASDAQ listing:

https://finance.google.com/finance?q=NASDAQ%3ALTEA

Whether or not the press release is a fake, the spike is real.

Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by mystcb on Thursday December 21, 2017 @11:28AM (#15980104)
Yeah, I agree - that spike is amazing and worrying at the same time. I wonder what the outcome will be from this.
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by tokenizerrr on Thursday December 21, 2017 @10:41AM (#15979513)
Maybe I'm blind. Where does that page show their new name (other than the news ticker on the side)?
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by rkcr on Thursday December 21, 2017 @10:43AM (#15979529)
They didn't change their name (it's just a publicity stunt), yet they still got a 200% spike in stock value. It's just absurd.
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by falsedan on Thursday December 21, 2017 @10:45AM (#15979551)
Why would their stock ticket show anything not related to the financials of the stock?
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by tokenizerrr on Thursday December 21, 2017 @10:55AM (#15979665)
This person is claiming that the NASDAQ listing proves that they've changed their name. Yet the link itself clearly says "Long Island Iced Tea Corp", not "Long Blockchain".

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.

Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by roywiggins on Thursday December 21, 2017 @11:20AM (#15980006)
The price spiked after the press release announcing the name change. The press release caused a real spike.

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.

Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by ceejayoz on Thursday December 21, 2017 @11:25AM (#15980078)
> This person is claiming that the NASDAQ listing proves that they've changed their name.

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.

Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by roywiggins on Thursday December 21, 2017 @11:26AM (#15980083)
It's an pretty lucrative "joke" if you happened to own LTEA yesterday. Putting out fake press releases to move a stock price is less a "joke" and more "fraud"
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by kuschku on Thursday December 21, 2017 @10:53AM (#15979648)
> 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.

http://www.nasdaq.com/press-release/long-island-iced-tea-cor...

Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by mystcb on Thursday December 21, 2017 @11:07AM (#15979807)
https://www.sec.gov/Archives/edgar/data/1629261/000149315217...

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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Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by chomp on Thursday December 21, 2017 @11:10AM (#15979875)
Where do you see that directory listing is enabled?
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by mystcb on Thursday December 21, 2017 @11:21AM (#15980017)
Just curled into one of the subfolders, got a list of everything in that directory! (http://www.longblockchain.com/js/ for example)
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by chomp on Thursday December 21, 2017 @01:58PM (#15981724)
Nice!
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by hordeallergy on Thursday December 21, 2017 @10:42AM (#15979520)
It's got what plants crave.