> UBI Blockchain didn’t do an IPO. Instead, in October 2016, it acquired a publicly traded shell company registered in Las Vegas, called “JA Energy.” It then changed the name and ticker symbol to what they’re now.
> Over the six trading days starting on December 11, 2017, its shares soared over 1,100%, from $7.20 to $87 on December 18, as the word “blockchain” in its name and sufficient hype and speculator-idiocy took hold. By December 21, shares had plunged 67% to $29. They closed on Wednesday at $38.50. At this price, it still has a ludicrous market cap of $3.64 billion.
https://wolfstreet.com/2017/12/28/im-in-awe-of-how-far-the-s...
SEC froze their stock temporarily and it's down to $9 now.
https://www.google.ca/search?q=OTCMKTS:UBIA&tbm=fin&gws_rd=s...
^ Viewing their stock price graph by "1 year" is quite interesting.
Oh and the CEO + 5 other individuals were trying to sell a ton of stock without investing anything back into the company, not sure if they managed to or not...