SEC Suspends Trading In Bra Maker-Turned Crypto Company

And so it begins. The SEC has now suspended trading in The Crypto Company’s common stock. Earlier this month, the company revealed a private placement to accredited investors priced at just $7 per share. That would be an enormous 97% discount to where the equity was trading at the time. This is from the 8K: On December 12, 2017, The Crypto Company, a Nevada corporation (the “Company”), issued an aggregate of 1,150,280 shares of common stock, par value $0.001 per share (“Common Stock

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5 thoughts on “SEC Suspends Trading In Bra Maker-Turned Crypto Company

  1. I just read a study that suggested that memories we have of our children are better remembered than those that aren’t. When I re-read the article above it reminded me of when my kids were four of five years old and playing make believe with their friends.

    In their imagined realities, there was this constant exchange of the new rules to shape their make-believe reality fit their four year old’s perception of a functional reality. Listening to them, it was amusing because you were struck by how few constraints that real adult world realities existed in their four year old mind and or placed on their make-believe reality existence.

    “Ok, Ok, Ok, (brains tactical delay while minor reality conflict/challenge is resolved in the four year old imagination) — so, so, so… now I have wings and I can fly to get a way from you.” Which of course would be countered by their playmate — “Yeah, but my wings are bigger and faster than yours and I can spit fire at you.” and on and on.

    There seems to be an analogous relevance in this remembering of my children’s reality perceptions and the lack of real world financial and economic reality limitations that ultimately doom private cryptocurrencies. There’s that familiar feeling of watching those with as yet unfamiliar with adult (financial and adult) realities as the rapidly increasing number of crypto coin companies/stocks continue to both expand and dilute the millennial mania necessary to propel individual crypto stock valuations — in their limited imaginary reality.

    When blockchain transaction processes become the norm for banks and credit card companies, where will the legal need (or use) be or impetus for private cryptocurrencies come from. This is the reality that is happening right now as blockchain technology expands into the financial world unrestricted by patents or any other kinds of intellectual property restrictions. And yet, some still insist crytocurrencies like BitCoin can “grow wings to escape.”

  2. The strength of the dollar is in Americans. Not a piece of paper. Not gold. Not Silver. Not Crypto Currency.
    Crypto currency has no working class driving it.

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