PANews reported on November 18th that, according to Decrypt, KindlyMD (NASDAQ: NAKA), a Bitcoin vault company, saw its stock price fall nearly 10% on Monday, closing at $0.55, after failing to submit its third-quarter earnings report on time. The stock has fallen 25% over the past week and has accumulated a decline of over 95% since six months ago.
The company filed a notice with the U.S. SEC last Friday, stating that it would take more time to complete its financial reporting due to the complex accounting treatment of the Nakamoto merger transaction.
