Your Company Struggles? Just Add "Blockchain" To Its Name And It Will Soar
So, let' say your company is in BioTech - which is, if you ask me, a hot place to be these days - but its shares are trading at a mere $4.5.
What to do, what to do?
Got it: let's add some "blockchain" to the name, rebrand it as a fintech company and see what happens.
Well, this is what happens, according to this 5 days chart from nasdaq:
Company's stock went from $4.5 to a bit more than $9 in a couple of days and it's currently trading at $7.2. Not bad, for a company who decided to liquidate its biotech patents and focus on the crypto world.
Their first acquisition seems to be a Canadian exchange, with a daily volume of around $300.000, according to a material published by Bloomberg.
Oh, and the new name of the company? Just because "Bioptix" is so 2016, baby, let's call it "Riot Blockchain".
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Hahaha! :D The new name literally floored me with laughter :P The only names that are aloud to have Riot in their name are punk bands and nothing else, not even skating gear!
JPMorganBlockChaseChain
:)))
Lol! Nice.
That's hilarious, but I guess they are just using marketing very effectively. A bit grimy for sure.
blockchain
Fishing for upvotes using the word block chain, interesting. In the spirit of the article you succeeded, lmfao.
+1 :))))
"blockchain" should be added to bullshit bingo as well.
www.companyculture.com/502-bullshit-bingo/ (for those who've never played!)
It's still early days, I think a lot of small companies will flirt with this possibility. Blockchain corner store :))
The gullible fall for the same tricks they always did.
This is really funny, so you are basically saying adding "blockchain" to a company's brand is a stock price doubler?..... Interesting>>>LOL
I wonder if that would work for me......
Trev-the-blockchain-George....... that has a nice ring to it ;-)
a-blockchain-solutely :)
Lol..... i cant believe it :D