Worrisome events on RIOT if you are long.Disclosure: I am short RIOT. A few things today .. first, a WSJ article talking about Barry Honig having exited most of hir RIOT position after helping the company make a (in my view ill advised) pivot to the cryptocurrency hype/bubble:
https://www.wsj.com/articles/investor-who-rode-pivot-from-biotech-to-bitcoin-sells-big-stake-1517403600
Second, RIOT announced today that they were cancelling their shareholders meeting for a second time.
https://ir.riotblockchain.com/press-releases/detail/30/riot-blockchain-announces-adjournment-of-annual-meeting-of
Third, today the NASDAQ put them on notice for not holding a shareholders meeting in over a year.
My view is that the stock is going to go sub-$5 in short order. Hope this was interesting/helpful.