{"id":464,"date":"2013-03-04T08:06:00","date_gmt":"2013-03-04T08:06:00","guid":{"rendered":"\/?p=464"},"modified":"2013-03-25T19:43:52","modified_gmt":"2013-03-25T19:43:52","slug":"red-giant-entertainment-inc-otcredg-500000-pump-rolls-out","status":"publish","type":"post","link":"\/articles\/red-giant-entertainment-inc-otcredg-500000-pump-rolls-out\/","title":{"rendered":"Red Giant Entertainment, Inc. (OTC:REDG) $500,000 Pump Rolls Out"},"content":{"rendered":"

\"REDG_chart.png\"On Friday Red Giant Entertainment, Inc. (OTC:REDG<\/a>) climbed another 16% up the charts to a close of $0.15 per share. The movement was helped along by a promotional campaign run by pumpers Penny Stock Heroes and Select Penny Stocks, who disclosed a compensation of $500 thousand to promote REDG<\/a>. <\/p>\n

REDG<\/a> was formerly known as Castmor Resources, an unsuccessful mining exploration venture that was abandoned. In mid-2012 Castmor merged with Red Giant Entertainment, an entity 100% owned by Benny Powell, who was also Castmor’s CEO, CFO, accountant and president. That is to say, Mr. Powell merged his existing entertainment entity into his then-cashless public company that was generating loss.<\/p>\n

How do the financials of REDG<\/a> look as per their most current quarterly filing following the merger? Here’s a short rundown:<\/p>\n