Glonghui, Oct. 18, 丨 ALFI plummeted nearly 12% before the market to $0.247. The stock fell by nearly 70% last Friday. Alfi revealed in a regulatory filing that on October 14, “after considering all strategic options,” the company ceased operations and submitted a voluntary application for relief to the US Bankruptcy Court in the Delaware area in accordance with the provisions of Title 11, Chapter 7 of the U.S. Code. “The bankruptcy court will appoint a trustee under chapter 7 of the Bankruptcy Act to take over the company's assets and liabilities, effectively eliminating the power and power of the company's board of directors and its executives to act on behalf of the company. According to the Bankruptcy Law, the company's assets will be liquidated and the claims will be paid.”