{"id":6405,"date":"2015-07-30T09:12:59","date_gmt":"2015-07-30T09:12:59","guid":{"rendered":"\/?p=6405"},"modified":"2015-07-30T09:39:54","modified_gmt":"2015-07-30T09:39:54","slug":"indo-global-exchanges-pteltd-otcmktsigex-turns-red","status":"publish","type":"post","link":"\/articles\/indo-global-exchanges-pteltd-otcmktsigex-turns-red\/","title":{"rendered":"Indo Global Exchange(s) PteLtd (OTCMKTS:IGEX) Turns Red"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90875\/fasd.png\" border=\"0\" width=\"438\" height=\"195\" \/>Indo Global Exchange(s) PteLtd (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a>) had attained a very high market cap after six consecutive sessions of rapid jumps, but yesterday saw its ascent turn sour. The company lost 13.33% of its market value &#8211; but who can honestly say that this turn of events was unexpected? <\/p>\n<p>After all, there wasn&#8217;t one obvious reason for the jump, while the company positively bristled with red flags.<\/p>\n<p><strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a>&#8216;s <\/strong>habit of neglecting to file financial reports is sort of indicative of the company&#8217;s dubious nature all on its own. Add the fact that the company&#8217;s latest filing was deemed inaccurate, and the picture becomes quite bleak, even if you turn a blind eye to the depressing numbers it gave:<\/p>\n<ul>\n<li><span style=\"color: #ff0000;\"><strong>cash &#8211; $642 NUMBER NOT IN THOSUANDS!<\/strong><\/span><\/li>\n<li>total assets &#8211; $7 thousand<\/li>\n<li>current liabilities &#8211; $531 thousand<\/li>\n<li>quarterly revenues &#8211; $10 thousand<\/li>\n<li><strong><span style=\"color: #ff0000;\">quarterly net loss &#8211; $3.7 MILLION<\/span><\/strong><\/li>\n<\/ul>\n<p>And if that wasn&#8217;t bad enough, a glance at <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a>&#8216;s <\/strong>past share structure-related activities is enough to shock even seasoned OTC Markets investors.<\/p>\n<p>Suffice it to say that back in January, when a share of the company&#8217;s stock was still worth more than a penny, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a> <\/strong>issued 8 MILLION shares at a price ten times lower than the market value.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90875\/fasdfsa.jpg\" border=\"0\" width=\"167\" height=\"134\" \/>The terrifying flood of dilution raged on to drown investor value all throughout the first quarter and well into the second. On April 9 alone, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IGEX\">IGEX<\/a> <\/strong>issued 90 million shares at $0.0001 a pop.<\/p>\n<p>This being the case, would it really be surprising to see the ticker return to triple zero land before long?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indo Global Exchange(s) PteLtd (OTCMKTS:IGEX) had attained a very high market cap after six consecutive sessions of rapid jumps, but yesterday saw its ascent turn sour. The company lost 13.33% of its market value&#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-6405","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\/6405","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=6405"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6405\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}