http://xbtprovider.com/lang_en/news
So it seems Scam didn't even tell this company (that he is an executive of) that kfc were about to go bankrupt. I hope they pay him a bonus
Quote
Instruments trading halted pending approval of new guarantor
Monday 30th May
STOCKHOLM, Sweden., May. 30, 2016 -- Trading on XBT Providers bitcoin ETNs, Bitcoin Tracker One and Bitcoin Tracker EUR, will be halted pending approval of a new guarantor
XBT Provider is currently in discussion with multiple interested parties and is planning to present a new guarantor to Nasdaq as soon as an agreement has been reached
The reason for the trading halt is the bankruptcy of KnC Group AB, XBT Providers former guarantor. That event does not, however, in any way affect investor assets, since the notes are always fully hedged by holding the underlying (bitcoins) in secure storage.
XBT Provider is working hard in order to resume trading in the instruments on Nasdaq Nordic and will keep the markets informed on any developments.The value of the instruments can be followed on our web-page xbtprovider.com.
If there will be no quick resolution, XBT Provider will offer a redemption program for investors to accommodate those wishing to exit the instrument before a new guarantor is in place.
Bitcoin Tracker One and Bitcoin Tracker EUR are designed to provide investors with convenient and liquid access to the returns of the underlying asset, bitcoin, and exposure to blockchain technology. XBT provider is at all times fully hedged, and always hold bitcoins equivalent to the value of ETNs issued. XBT Provider's prospectus is approved by the Swedish FSA (Finansinspektionen) and is issued for trading on Nasdaq Nordic.
Monday 30th May
STOCKHOLM, Sweden., May. 30, 2016 -- Trading on XBT Providers bitcoin ETNs, Bitcoin Tracker One and Bitcoin Tracker EUR, will be halted pending approval of a new guarantor
XBT Provider is currently in discussion with multiple interested parties and is planning to present a new guarantor to Nasdaq as soon as an agreement has been reached
The reason for the trading halt is the bankruptcy of KnC Group AB, XBT Providers former guarantor. That event does not, however, in any way affect investor assets, since the notes are always fully hedged by holding the underlying (bitcoins) in secure storage.
XBT Provider is working hard in order to resume trading in the instruments on Nasdaq Nordic and will keep the markets informed on any developments.The value of the instruments can be followed on our web-page xbtprovider.com.
If there will be no quick resolution, XBT Provider will offer a redemption program for investors to accommodate those wishing to exit the instrument before a new guarantor is in place.
Bitcoin Tracker One and Bitcoin Tracker EUR are designed to provide investors with convenient and liquid access to the returns of the underlying asset, bitcoin, and exposure to blockchain technology. XBT provider is at all times fully hedged, and always hold bitcoins equivalent to the value of ETNs issued. XBT Provider's prospectus is approved by the Swedish FSA (Finansinspektionen) and is issued for trading on Nasdaq Nordic.
So it seems Scam didn't even tell this company (that he is an executive of) that kfc were about to go bankrupt. I hope they pay him a bonus