{"id":4244,"date":"2014-03-28T14:15:34","date_gmt":"2014-03-28T14:15:34","guid":{"rendered":"\/?p=4244"},"modified":"2014-03-28T14:15:37","modified_gmt":"2014-03-28T14:15:37","slug":"red-giant-entertainment-inc-otcmktsredg-starts-trundling-down","status":"publish","type":"post","link":"\/articles\/red-giant-entertainment-inc-otcmktsredg-starts-trundling-down\/","title":{"rendered":"Red Giant Entertainment, Inc. (OTCMKTS:REDG) Starts Trundling Down"},"content":{"rendered":"

\"79REDG_chart.png\"A recent flurry of share volume got investors excited about the goings on at Red Giant Entertainment, Inc. (OTCMKTS:REDG<\/a>) even though the ticker lay forgotten in double-zero land and traded thinly for a long while prior to its most recent jump. <\/p>\n

There is still no clear indication of what got REDG<\/a> moving a few sessions ago. The ticker suddenly launched into mammoth volume trading and clambered up the charts after getting a brief taste of triple-zero levels for the first time. The rumors that a certain investor group popular among Twitter users may have loaded up on REDG<\/a> shares may prove to have substance, as today’s press release by the company shows.<\/p>\n

About an hour ago REDG<\/a> came up with a press announcement, timed with uncanny precision. Among the news concerning the company’s #0 issue of their giant-size comic books that are allegedly en route to their distrubutor, CEO Benny Powell made sure to underline that while the company ‘appreciates’ the interest ‘various investment groups’ have recently taken in the ticker, REDG<\/a> had in no way solicited or paid for a promotion to increase trading volumes.<\/p>\n

It would certainly make more sense if the sudden spike in price and volume was indeed triggered by one such group of investors and not by a throng of retail traders flocking to REDG<\/a> as the company has not come up with any explosive news releases prior to the spike and its latest report can hardly inspire great confidence:<\/p>\n