Long Blockchain Corp. (NASDAQ:LTEA) taking place in active move after fell down to knees –15.41% to the trading price of $4.06 in latest session.
Long Blockchain Corp. (NASDAQ:LTEA) reported that it has entered into a two-million-dollar convertible debt facility, with an additional two-million-dollar option, to support the shift of the Company’s primary corporate focus towards the exploration of and investment in specific ventures relating to blockchain technology.
The lender of the convertible debt facility, Court Cavendish Ltd., is a UK-based investment firm that has agreed to provide financing to support the working capital requirements of the Company while the Company moves into specific ventures relating to blockchain technology. Pursuant to the arrangement, the lender has been granted the right to appoint two new members to the Company’s Board of Directors, which such members shall be mutually agreed upon between the Company and the lender. Such new board members have not yet been agreed upon.
Philip Thomas, Chief Executive Officer of the Company, commented, “Our company recently reported we would be taking a series of steps relating to the pivot into blockchain technology, including the assembly of a world class team of industry professionals. Our new financing arrangement with a UK-based investment firm that shares our vision is the first step of many, and further validates our commitment to a swift, responsible pivot into blockchain technology.”
Its 52-week range quite noticeable, lower range was $138.84% and hit highest level of $-57.21%. The overall volume in the last trading session was 892824 shares. The firm shares 50 day moving average were calculated 57.06%. The firm’s institutional ownership remained 1.80% while insider ownership included 1.50%.
Microsoft Corporation (NASDAQ:MSFT) trade at $85.68 by eased up 0.33% in most recent trading session with share volume of 5.94 Million. The Xbox Countdown Sale 2017 sees a host of games for the Xbox One and Xbox One X going at a deep discount. These include the likes of recent releases such as Wolfenstein 2: The New Colossus, Destiny 2, and even FIFA 18. Xbox One games are discounted upto 65 percent with an additional 10 percent for Xbox Live Gold subscribers. Windows 10 PC gamers can also get discounts on select titles like Middle-earth: Shadow of War and Cuphead via the Xbox Play Anywhere program which allows you to play certain games on Windows 10 PC and Xbox one.
A one month Xbox Live Gold subscription is also discounted to $1 for the duration of the same. The Xbox Countdown Sale ends on January 4, 2018. As always, these are digital deals not disc, so do check your bandwidth and Internet speed before purchasing.
The share is moved forward to its percent change from 52-week low of 38.30% and hanging back from its percent change from 52-week high of -2.09%. Shares price moved down from its 50 days moving average with 3.18% and remote positively from 200 days moving average with 16.19%.