Home > Markets > Stocks > RIOT

RIOT

  1. Riot Blockchain. $10.35
    Formerly Bioptix. A biotech https://finviz.com/quote.ashx?t=riot
    If it wasn't $10.... Magna would ban this thread. This is has all the makings of a pump and dump.
    Or maybe not.
    It was up 27% yesterday. This is gonna be another DCIX.

    From their website:

    Riot Blockchain Inc is a first mover on the NASDAQ focused on blockchain technology.

    Riot Blockchain intends to gain exposure to the blockchain ecosystem through targeted investments in the sector, with a primary focus on the bitcoin and Ethereum blockchains. The rollout of this strategy has commenced with strategic investments in Coinsquare.io, Tesspay.io, and Verady.com.

    Riot Blockchain has also launched its own Bitcoin mining operation.

    The Company continues to maintain its legacy Bioptix business segment, including its royalty license stemming from an Exclusive License Agreement with Ceva Santé Animale S.A.
    http://riotblockchain.com/
     
  2. Traded a volume of 12MM shares today and almost hit $13.
    Look at a 15 year chart on this thing. Its done more reverse splits than DRYS.
    Hahah.... I love a good scam stock.
     
  3. Meet Riot Blockchain, Wall Street's Latest Trendy Stock

    November 21, 2017, 12:14:00 PM EDT By Ryan McQueeney, Zacks.com

    [​IMG] Shutterstock photo
    Riot Blockchain RIOT briefly gained more than 15% in morning trading Tuesday, extending the stock's strong run and lifting it to a new 52-week high. Shares quickly fell from that peak, but the former biotech equipment company, which now focuses on buying cryptocurrency and blockchain businesses, have still soared nearly 50% in the past five days.


    If you are feeling left out of the fun-or if you are thinking 'What the heck is a Riot Blockchain?'-don't worry, you are not alone. The company has exploded into popularity on investing social media forums only recently, and for many, Riot's business model is still relatively unclear.


    Let's start with what we do know. On Wednesday, Oct. 4, a small firm focused on manufacturing biotech diagnostic machinery, Bioptix Inc., changed its name to "Riot Blockchain Inc." in the hopes of more accurately representing its new focus.


    Based in Castle Rock, Colorado, Bioptix found itself in dire straits recently. The company was once known as Venaxis Inc., but it changed its name after buying out BiOptix Diagnostics Inc. in 2016. According to company management, that acquisition turned out to be a mistake.
    "When I got on the board, they had made an acquisition that we decided as a board did not make sense, so we closed that down and then decided to change our focus," Riot Blockchain CEO Michael Beeghley told Bloomberg last month. "We looked at the sector and said, 'How can we participate in this, and how can our shareholders participate in this very exciting industry that's like the beginning of the internet?'"


    But what exactly is this exciting new industry that Beeghley speaks of? We know that Riot's new focus is to invest in companies that utilize blockchain technology or engage in the cryptocurrency business, but what does that even mean?


    Let's define some key terms here. First up, the word "cryptocurrency" refers to any form of digital currency that uses cryptography to secure transactions, verify transfers, and control the creation of new units.


    A blockchain is basically a continuously-growing record book that uses cryptography to link and secure individual records, which are called "blocks." By now, you have likely heard of bitcoin, the world's most popular cryptocurrency. Bitcoin helped revolutionize digital currency because it utilized blockchain as the public ledger for its transactions.


    According to Riot Blockchain's official website, the company has launched its own bitcoin mining operation and intends to "gain exposure to the blockchain ecosystem through targeted investments in the sector, with a primary focus on the bitcoin and Ethereum blockchains."


    Riot's first move under the new name was to invest in Coinsquare Ltd., a Canadian company that operates an online cryptocurrency exchange. Riot also boasts stakes in Tesspay, a blockchain-based escrow service for wholesale telecom carriers, as well as Verady, a cryptocurrency accounting service.


    In the near term, Riot Blockchain will face questions related to debt and revenue. The sale of the company's Bioptix assets might have generated some cash, but after a problematic acquisition and a minimal revenue year, Riot is likely deep in the red.


    Nevertheless, management has already made some attempts to answer its critics. On Tuesday, Riot announced that it appointed Frank M. Bishop, a former top executive at Invesco IVZ , to its advisory board.
    Bishop's experience at one of the world's largest investment management companies should be valuable, and his appointment could add legitimacy to Riot's new business direction. Still, with share prices skyrocketing, investors will want to see results fast.
    Want more stock market analysis from this author? Make sure to follow @ Ryan_McQueeney on Twitter!
     
  4. $17.74 now. :D
    Wonder what Soeswasbetter thinks of this one.
     
  5. $17.96 in the after hours. :D
    On Thanksgiving eve lol.
    Damn!
    Where the F is Soes when you need him?
    Grouchy old man talks all that smack but he misses a beaut like this.
    I'm gonna have to put him on ignore.
     
  6. Over $21.
    This reminds me of the .com bubble, Co's adding ".com" to their name.

    MARA another pump.
     
  7. Blockchain companies are the marijuana or 3-D companies of years past. There is a trader, Mark Melnick, of T3, who on his free nightly recap, called RIOT, XNET, whatever the ticker is for Stitch Fix, and GROW, last week. Crazy thing is he says he makes way more in Forex. GROW apparently owns 7% of some publically traded blockchain company Hive Technologies which, last week, was worth more than its market cap. Today, GROW is up 40%!
     
  8. So is this a biotech company or not? Or did they tank as biotech and are just jumping on the block chain buzz word bandwagon?

    You make a buck off it?
     
  9. FOMO
     
  10. "Riot Blockchain Participates in Coinsquare Private Placement; Coinsquare Receives CAD $430 Million Post-Money Valuation "
    https://www.prnewswire.com/news-rel...0-million-post-money-valuation-300595589.html

    "This valuation for Coinsquare is over fifteen times the valuation from Riot Blockchain's initial investment in September 2017. Riot Blockchain additionally exercised its previously acquired warrants at a CAD $94 million valuation, and now owns approximately 12.5% of Coinsquare after the latest investment."

    So RIOT's stake is worth approx. 0.125 * 430 = 53.75 million CAD.

    ***********************************************

    My previous post about RIOT on January 30 here:
    https://www.elitetrader.com/et/threads/crypto-stocks-list.316203/page-8#post-4594771

    The most important points to note are:

    September 29, 2017
    3 million USD investment plus warrants
    https://www.sec.gov/Archives/edgar/data/1167419/000107997317000569/bioptix_8k.htm

    December 4, 2017
    "Riot Blockchain's Coinsquare Receives Milestone Investment"
    https://www.prnewswire.com/news-rel...-receives-milestone-investment-300565711.html
    " Riot Blockchain, Inc. (Nasdaq: RIOT) (the "Company") today announced that one of its strategic portfolio holdings, goNumerical Ltd (dba "Coinsquare"), has closed a CAD $10.5 million investment at a CAD $110.5 million post-money valuation. The new valuation for Coinsquare is over 3x the valuation from Riot's investment in September, 2017. "

    .
     
  11. Riot Blockchain Inc (NASDAQ:RIOT) was the target of a significant decrease in short interest in the month of January. As of January 12th, there was short interest totalling 2,389,468 shares, a decrease of 6.6% from the December 29th total of 2,557,335 shares. Currently, 38.6% of the company’s stock are sold short. Based on an average trading volume of 3,171,673 shares, the days-to-cover ratio is currently 0.8 days.

    In related news, CEO John R. O’rourke III sold 30,383 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $28.61, for a total transaction of $869,257.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is currently owned by corporate insiders.
    Get Riot Blockchain alerts:

    Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in Riot Blockchain during the fourth quarter worth about $7,042,000. Millennium Management LLC purchased a new position in Riot Blockchain during the fourth quarter worth about $2,704,000. Geode Capital Management LLC purchased a new position in Riot Blockchain during the fourth quarter worth about $1,419,000. Perkins Capital Management Inc. purchased a new position in Riot Blockchain during the fourth quarter worth about $568,000. Finally, California Public Employees Retirement System purchased a new position in Riot Blockchain during the fourth quarter worth about $480,000. 3.31% of the stock is owned by institutional investors and hedge funds.

    Separately, BidaskClub downgraded shares of Riot Blockchain from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th.

    Shares of Riot Blockchain (NASDAQ RIOT) opened at $11.46 on Monday. Riot Blockchain has a 1-year low of $3.06 and a 1-year high of $46.20. The company has a market cap of $110.70, a PE ratio of -5.97 and a beta of 2.55.

    About Riot Blockchain

    Riot Blockchain Inc, formerly Bioptix, Inc, intends to gain exposure to the block chain ecosystem through targeted investments in the sector, with a primary focus on the bitcoin and Ethereum blockchains. The Company also provides Enhanced Surface Plasmon Resonance (SPR) platform for the detection of molecular interactions.