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Golden Edge Entertainment Inc (OTCMKTS:GDEE<\/a>) got almost no investor attention and often finished sessions without a single traded share. This, however, quickly changed in the second half of last month and we saw the ticker gain quite a lot of altitude on increased volumes.<\/p>\n<\/p>\n
The reason for which GDEE<\/a><\/strong> managed to maintain such a prolonged upward run was rather trivial – the company stock had been pumped and they were directly paid by GDEE<\/a><\/strong> for their efforts. And while the company management seems to think that it is perfectly fine to pay $8 thousand for a paid promotion its latest financial report show that it’s in a dire state.<\/p>\n <\/p>\n <\/p>\n Those numbers certainly lack appeal, but that hasn’t stopped GDEE<\/a><\/strong> from gaining massive altitude. Its market cap stood at around $45 million at its peak, which is quite high, considering the contents of its latest financial report.<\/p>\n <\/p>\n This is why it was certainly going to come down and it was only a matter of when that was going to happen. GDEE<\/a><\/strong> might have begun its downward fall, as it showed some hesitation last week and dropped a further 16.36% yesterday, closing the sessions with a price of $1.84.<\/p>\n <\/p>\n\n