DGAP-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Miscellaneous
Advanced Blockchain AG: Statement on the ad-hoc announcement dated 21.06.2022
23.06.2022 / 12:08
The issuer is solely responsible for the content of this announcement.
Due to the recent setbacks in the crypto market, the company has issued a profit warning, as at the current level realizations of profits from investments neither seem reasonable nor can be considered secured to a significant extent. The operating business will be strategically adjusted to the current market situation. It is planned that current CEO Michael Geike will take on a new leadership role in a recently founded company. In order to fulfill this role, it has been agreed that his previous responsibilities at Advanced Blockchain AG will be continued by Mr. Telian.
As the new CEO, Mr. Telian intends to put a special focus on the management of the investments as well as internal cost optimizations and adjustments of the...
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