Riot went on a massive run after changing its name for the 5th time to Riot Blockchain to capitalize on crypto mania. was a $3 Stock less than a year ago and nothing has changed except its name and insanely overpaying for some crypto deals to keep the hype going. CEO cashed out a lot of shares and Pump and Dump investor Barry Honig that got them to change their name to Riot Blockchain has cashed out as well, at a much higher price than currently trading. Honig is a career Pump and Dump investor. The Wall street Journal wrote an article on him and his involvement in Riot. The company has also adjourned and postponed its last two shareholder meetings, changed accounting firms 4 times in the last couple years, and its headquarters are in a strip mall. They have 5 employees, valued at 142M, have $52,000 in revenue, and a net margin of -16,564%. Looking for that break to the downside and a short term test of $8.
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RIOT Was just featured as an Investigation on CNBC for Fraud. Broke the bear flag yesterday per my chart and down Sharply pre-market. Going to be a nasty day here.