{"id":5272,"date":"2014-11-26T15:15:21","date_gmt":"2014-11-26T15:15:21","guid":{"rendered":"\/?p=5272"},"modified":"2014-11-26T15:15:35","modified_gmt":"2014-11-26T15:15:35","slug":"red-giant-entertainment-inc-otcmktsredg-rears-its-head-yet-again","status":"publish","type":"post","link":"\/articles\/red-giant-entertainment-inc-otcmktsredg-rears-its-head-yet-again\/","title":{"rendered":"Red Giant Entertainment, Inc. (OTCMKTS:REDG) Rears Its Head Yet Again"},"content":{"rendered":"\n

After bumbling around in double-zero land for the past seven months, yesterday Red Giant Entertainment, Inc. (OTCMKTS:REDG<\/a>) cropped up on people’s radars as the ticker shifted heavy volume yesterday. Over 223 million REDG<\/a> shares changed hands yesterday, bringing the price 43% up to a close at $0.0023.<\/p>\n

REDG<\/a> is likely the biggest OTC sob story of early 2013. The stock came out of nowhere, driven by one of the last big and expensive pump campaigns, with a disclosed compensation of $500 thousand. After running to over $0.20 per share, the price dropped about 90% in less than a month, dragging many hopeful investors down.<\/p>\n

Nothing really ever happened with REDG<\/a>‘s business since then, barring terrible dilution. REDG<\/a> went from 457 million shares in November 2013 to its last reported 2.17 BILLION shares in July 2014. The company’s fiscal year ends in August, which means the annual report is due sometime this week. Until this is out, investors can take a look at REDG<\/a>‘s last quarterly:<\/p>\n