Blockchain Loyalty Corp (PINK:BBLC) Stock In Focus After The Recent News

As the midweek trading continues, there are a certain basket of companies that would be in significant focus among investors today, and one of those could be Blockchain Loyalty Corp. (OTC PINK:BBLC). On Wednesday, the company came into focus following a key new announcement addressed to its shareholders. It may be a good time to take a look.

Frustrations with Transfer Agent

The company, which is also known as Belle Bonica Luxe Corp, is a non-reporting, publicly traded entity listed on the OTC Markets. In its news release yesterday, the company announced that it was aware of the fact that shareholders were frustrated with Legacy Stock Transfer Inc., its previous transfer agent, with regards to cooperation about the daily transfer needs.

Assurances

The company provided assurances that it was considering all the possible options available to it and was also considering the possibility of legal action and approaching the regulatory agencies about the transfer agent’s conduct. In November last year, the company had terminated its association with Legacy Stock Transfer through the cancellation resolution. Following that termination, the company engaged the services of Transfer Online Inc. as the new transfer agent. It remains to be seen if the assurances lead to any optimism from investors.

CEO Quote

“While we are hopeful that Legacy Stock Transfer will comply with our requests, we are also evaluating all legal remedies to hold them accountable for their actions,” said Joel DeBellefeuille, CEO and Chairman of BBLC. “Our shareholders deserve transparency and accountability, and we intend to take the necessary steps to ensure these principles are upheld.”