{"id":5966,"date":"2015-06-17T09:15:21","date_gmt":"2015-06-17T09:15:21","guid":{"rendered":"\/?p=5966"},"modified":"2015-06-17T09:39:22","modified_gmt":"2015-06-17T09:39:22","slug":"indo-global-exchanges-pteltd-otcmktsigex-explodes-up-the-charts","status":"publish","type":"post","link":"\/articles\/indo-global-exchanges-pteltd-otcmktsigex-explodes-up-the-charts\/","title":{"rendered":"Indo Global Exchange(s) PteLtd (OTCMKTS:IGEX) Explodes Up The Charts"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90427\/fsafd.png\" border=\"0\" width=\"435\" height=\"194\" \/>Indo Global Exchange(s) PteLtd (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a>) added 130% to its market value yesterday in a twitter-tout-induced, hype-driven explosion of activity that allowed the ticker to finally leave triple zero land after so long. <\/p>\n<p>Truth be told, this turn of events was somewhat surprising to both analysts and investors alike. And for good reason &#8211; looking at <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a>&#8216;s charts does not give the impression of a ticker poised for a jump. In fact, the very opposite is true &#8211; the impression is one of extreme idleness. Before yesterday&#8217;s burst of activity, the ticker has been going nowhere fast for the last three months, stuck in triple zero obscurity.<\/p>\n<p>Due diligence on <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a> <\/strong>also paints a picture of what could, at best, be called idleness:<\/p>\n<ul>\n<li>Due from related parties &#8211; $171 (number not in thousands)<\/li>\n<li>Total Assets &#8211; $7 thousand<\/li>\n<li>Current Liabilities &#8211; $218 thousand<\/li>\n<li>Total Liabilities &ndash; $526 thousand<\/li>\n<li>Quarterly Revenues &#8211; $482<\/li>\n<li>Quarterly Net loss &#8211; $3.8 MILLION<\/li>\n<\/ul>\n<p>In case you were wondering &ndash; no, we didn&#8217;t deliberately skip mentioning what was written next to &ldquo;cash&rdquo; in the section containing the company&#8217;s current assets. The company simply didn&#8217;t put that in its latest financial report.<\/p>\n<p>Thus, according to said report, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a> <\/strong>doesn&#8217;t seem to have any cash whatsoever, the closest thing to it being that $171 that it is due &ldquo;from related parties&rdquo;.<\/p>\n<p>These numbers, in and of themselves, should be indicative enough of the company&#8217;s nature and prospects. However, they&#8217;re not its only red flags &#8211; not by a long shot.<\/p>\n<p>For instance, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a> <\/strong>has declared $3,799,244 under &ldquo;net loss&rdquo; in its latest quarterly report. This net loss was attributed to the &ldquo;commencement of a new business&rdquo;, but that&#8217;s just about the only information that is given on the matter &ndash; which is unconvincing to say the least.<\/p>\n<p>And while on the subject of downright grim numbers, we should not neglect mentioning the company&#8217;s dilution history:<\/p>\n<ul>\n<li>As of Nov. 14, 2013 <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a> <\/strong>had 72,493,750 shares issued and outstanding<\/li>\n<li>As of Apr. 24, 2015, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a> <\/strong>had 388,588,928 shares issued and outstanding<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90427\/fsadfsdfss.png\" border=\"0\" width=\"146\" height=\"48\" \/>Long story short &ndash; due diligence on the company paints a grim picture. The only thing that pushed <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a><\/strong> up seems to be social media hype. It is a well known fact that hype-driven jumps have a tendency to go bad sooner rather than later, often &ndash; abruptly and catastrophically. Investors should consider all these facts and act accordingly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indo Global Exchange(s) PteLtd (OTCMKTS:IGEX) added 130% to its market value yesterday in a twitter-tout-induced, hype-driven explosion of activity that allowed the ticker to finally leave triple zero land after so long. Truth be&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1000],"class_list":["post-5966","post","type-post","status-publish","format-standard","hentry","category-news","tag-igex"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=5966"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5966\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}