LBCC - Riot Blockchain's Brazen Disclosure Issues Continue
Introduction
Riot Blockchain (NASDAQ:RIOT) and one of its key backers, Barry Honig, have come under a tremendous amount of recent scrutiny over the past couple of months, capped off by a CNBC investigative piece on Friday that precipitated a drop of over 33% in the company’s share price.
Despite the fresh warning signs highlighted by CNBC, that same evening the company filed an 8-K during a market ‘dead zone’; Friday after the close heading into a long holiday weekend. The filing detailed a transaction that strikes us as intensely questionable, and raises brand