The US SEC Revokes Registration of Long Blockchain Corp’s Securities
The U.S. Securities and Exchange Commission (SEC) says it has revoked the registered securities of Long Blockchain Corp (LBCC) after the company failed to file annual reports since Dec. 31, 2017. In addition, the SEC says LBCC, which made the switch from soft drink production to activities related to blockchain technology in December 2017, is also “delinquent in filing quarterly reports.” Non-Existent Blockchain Business In a document that reveals the proceedings against LBCC, the SEC, which cites the Securities Exchange Act of 1934, says its decision (to revoke securities) is....
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The beverage maker turned Bitcoin mining company has failed to file its financial reports with the SEC. Shares of Long Bitcoin Corp (LBCC), a beverage company turned cryptocurrency mining company, have been officially delisted by the United States Securities and Exchange Commission, or SEC. The company was ordered to delist its stock after failing for years to produce any financial reports. Long Bitcoin Corp’s last earnings report was for the quarter ending Sept. 30, 2018, according to Bloomberg. Long Bitcoin Corp is registered in the state of Delaware, according to SEC filings. Originally....
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