{"id":4282,"date":"2014-04-02T14:13:40","date_gmt":"2014-04-02T14:13:40","guid":{"rendered":"\/?p=4282"},"modified":"2014-04-02T14:18:26","modified_gmt":"2014-04-02T14:18:26","slug":"red-giant-entertainment-inc-otcmktsredg-clambers-to-over-a-cent-hesitates","status":"publish","type":"post","link":"\/articles\/red-giant-entertainment-inc-otcmktsredg-clambers-to-over-a-cent-hesitates\/","title":{"rendered":"Red Giant Entertainment, Inc. (OTCMKTS:REDG) Clambers to Over a Cent, Hesitates"},"content":{"rendered":"

\"76REDG_chart.png\"Sometimes, real magic happens on the OTC markets, even without the assistance of men in pointy hats. The most recent run of Red Giant Entertainment, Inc. (OTCMKTS:REDG<\/a>) is proof of that. REDG<\/a> climbed from triple-zero land to a close of $0.013 in a matter of five market sessions, even though there was no current pump targeting the ticker and no new developments that could have triggered the initial spike. <\/p>\n

The wild percentile jumps seem to have to a close on Tuesday. After REDG<\/a> climbed over the one-cent mark, the last market session showed significant intra-day volatility, with the price bouncing between $0.012 and $0.017. Why the sudden interest in REDG<\/a> and the tenfold increase of daily share volume? It’s difficult, if not impossible to tell.<\/p>\n

The company did publish an update on its situation through a press release but that came a few days after the original price hike and could be interpreted as an attempt to use the momentum and push even further up the charts. REDG<\/a> posted dreary financials in their latest publicly available report, so their financial standing can be ruled out as a source of sudden interest:<\/p>\n