Blockchain is the buzzword in the financial sector these days. Even companies not even working on this technology will gladly use the term for financial gain. On-line PLC, a British company, try to conduct an experiment. The company added “blockchain” to the name and shares jumped in value immediately So much even the value increased by nearly 400% in quick succession. A rather telling and troublesome sign.
Big was the surprise of On-line PLC when their shares jumped by so much in quick succession. All the company did was announce an upcoming name change. More specifically, the new name will be On-line Blockchain plc. Just the name change alone suddenly made the company a lot more appealing to investors. Such a powerful trend paints a worrisome picture, though. If investors can be tricked this easily, things look pretty troublesome, to say the least…
Read Full: UK Firm On-line Plc Shares Surge in Value due to Rebrand to On-line Blockchain Plc
