{"id":4225,"date":"2014-03-27T10:14:52","date_gmt":"2014-03-27T10:14:52","guid":{"rendered":"\/?p=4225"},"modified":"2014-03-27T10:24:04","modified_gmt":"2014-03-27T10:24:04","slug":"red-giant-enterntainment-inc-otcmktsredg-breaks-its-own-record","status":"publish","type":"post","link":"\/articles\/red-giant-enterntainment-inc-otcmktsredg-breaks-its-own-record\/","title":{"rendered":"Red Giant Enterntainment, Inc. (OTCMKTS:REDG) Breaks its Own Record"},"content":{"rendered":"<p> The stock of Red Giant Enterntainment, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a>) is being bought up like a hot comic book- as the sub-penny company managed to grow seven times in two days, and even post record share volumes. On Wednesday, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a> added more than 153%, most of the gains happened early in the day. The price is still extremely low, $0.0071, though dollar volumes were a respectable $3.19 million. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/REDG2703.png\" border=\"0\" alt=\"REDG2703.png\" title=\"REDG2703.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>Now, the question for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a> is like the one for your new comic book: is it worth holding it with the hopes it would gain value with time, or would it turn into junk in a few days. Considering how <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a> managed to wipe out most of its value following the exuberance of the pumps in 2013, the negative scenario is much more probable.<img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/LVGI2703.png\" border=\"0\" alt=\"LVGI2703.png\" title=\"LVGI2703.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>Unfortunately, the last time we checked, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a> had most of its titles in various stages of pre-release. While the website is full of good ideas, hinging around supernatural stories for movies or comic books, mass marketing success does not seem much nearer than the last time the company made its promises.<\/p>\n<p>Investors&#8217; optimism is still strong, seeing <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a> rise up to the penny levels, a usual expectation for underpriced tickers. Still, not all new movers manage to switch to the higher price easily, and remain stagnant. And with a 700% growth, profit-taking is a very logical step.<\/p>\n<p>Unfortunately, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a> has little to support its vast production plans. The company only achieves slim sales of several comic books sold online, relying on special hardback signed editions. The latest financial filings reveal:<\/p>\n<ul>\n<li>$39 cash <\/li>\n<\/ul>\n<ul>\n<li>$705 thousand current liabilities <\/li>\n<\/ul>\n<ul>\n<li>$3 thousand quarterly revenues <\/li>\n<\/ul>\n<ul>\n<li>$365 thousand quarterly net loss <\/li>\n<\/ul>\n<p>In this respect, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a> recalls other underpriced companies which bounce out of nowhere. The only shred of a promotion is a brief mention on investors&#8217; forums that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a> may be sharing a promoter with Growlife, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PHOT\">PHOT<\/a>), although this should not be taken as a hint that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a> has found a way into the legal marijuana business.<\/p>\n<p>Strangely, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a> has a relatively slim share structure for such an underpriced company, and the free float is unknown. A low number of shares could be a plus if enough investors join in to further the upward run.<\/p>\n<p>A counter-example, Bebida Beverage, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BBDA\">BBDA<\/a>) features a company with a more robust activity in selling soft drinks, but the large free float of over 3.7 billion shares, the good days of buying could not initiate a price trend, resulting in a month of volatility.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=REDG\">REDG<\/a> is paired up with Limitless Venture Group, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LVGI\">LVGI<\/a>), a ticker that grew by 900% in the past week to $0.009 on a series of enthusiastic sessions. Investors point out that both tickers are making the rounds on social networks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock of Red Giant Enterntainment, Inc. (OTCMKTS:REDG) is being bought up like a hot comic book- as the sub-penny company managed to grow seven times in two days, and even post record share&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[62,798,21,12],"class_list":["post-4225","post","type-post","status-publish","format-standard","hentry","category-news","tag-bbda","tag-lvgi","tag-phot","tag-redg"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4225"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4225\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}