{"id":5327,"date":"2014-12-02T14:14:57","date_gmt":"2014-12-02T14:14:57","guid":{"rendered":"\/?p=5327"},"modified":"2014-12-02T14:31:10","modified_gmt":"2014-12-02T14:31:10","slug":"red-giant-entertainment-inc-otcmktsredg-back-where-it-started","status":"publish","type":"post","link":"\/articles\/red-giant-entertainment-inc-otcmktsredg-back-where-it-started\/","title":{"rendered":"Red Giant Entertainment Inc (OTCMKTS:REDG) Back Where it Started"},"content":{"rendered":"\n

A couple of weeks ago, Red Giant Entertainment Inc (OTCMKTS:REDG<\/a>)’s stock wasn’t in a particularly good shape. The ticker was stuck in the $0.0013 to $0.0016 range and the dismal volumes weren’t doing much to help it move in the right direction. All in all, nobody seemed to care about REDG<\/a><\/strong>. But was this all that surprising?<\/p>\n

Truth be told, REDG<\/a><\/strong> didn’t look like the most appealing investment opportunity out there. After all, some people still remember the sour taste they were left with when they fell for the $500 thousand Victory Mark pump and saw more than 90% of their investments go up in smoke in a matter of less than a month.<\/p>\n

The history of paid promotions has certainly left its mark on the company credibility and on November 7, REDG<\/a><\/strong> took another hit on that front when the SEC issued a Cease and Desist order against the company because of a violation of some regulations. <\/p>\n

To top it all off, the business isn’t exactly flourishing. In fact, the company’s state at the end of May was pretty terrible. Here’s a snapshot of the figures as found in the latest 10-Q:<\/p>\n