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Bollywood 2 BitCoin : The Story Of  LongFin

|Includes: Bitcoin USD (BTC-USD), GBTC, LFIN

Summary

Fairytale IPO where stock spikes from $5 to $142  within 2 weeks in middle of Bitcoin mania.

CEO appears on CNBC  chokes on interview stock tanks to 30's.

Stock gets added to Russel rebounds from 30's to 80's.

Russel admits error and Citron Research tweets they will short Longfin stock tanks to single digits.

Day traders or fear of SEC stock rebounds to 28's before SEC T12 halt.

The story of Longfin is Summarized by this Bloomberg chart 

image credits : Bloomberg Source

Fairytale IPO where stock spikes from $5 to $142 within 2 weeks in middle of Bitcoin mania.

Longfin claims to work on forex Exchange derivatives  using  AI for 700 trillion $ Shadow banking market checkout their IPO video

Two weeks post IPO buys Ziddu stocks rips to 142

Longfin Corp. Acquires Ziddu.com, A Blockchain-empowered Global Micro-lending Solutions Provider Soruce

CEO appears on CNBC chokes on interview stock tanks to 30's.

Stock gets added to Russel rebounds from 30's to 80's

Longfin Corp. Joins Russell 2000® Index and Russell 3000® Index

Russel admits error and Citron Research tweets they will short Longfin stock tanks to single digits

Longfin loses more than a third of its value after the controversial cryptocurrency stock is booted from the Russell 2000 index

Citron Research calls Longfin a 'pure stock scheme'

Day traders or fear of SEC stock rebounds to 28's before SEC T12 halt.

Was it short covers or day traders who got in make a quick buck on thursday and Friday were left holding the bag after T12 SEC halt 

More Reasons to worry

US watchdog reckons blockchain bods Longfin were wrongfin, maybe this is their swansongfin

BRIEF-Longfin Corp Announces Receipt Of Nasdaq Non Compliance Letter

Controversial crypto company Longfin says accounting firm has resigned amid SEC investigation

Now it looks like Bachans own 250,000 $LFIN shares with their Ziddu.com investment 

FORM 8-K/A

What's in future?

Will it be back, grey market or OTC or CEO going to jail who the hell knows 

Disclosure: I am/we are long LFIN.

Additional disclosure: i just have a few call position for $LFIN