Thursday, July 21, 2016 5:29:10 PM
Nice pump on news of a "research" report released today. Then, the unsurprising dump at the end of the day of 93,000 shares.
http://www.otcmarkets.com/stock/NXGH/news/Following-String-of-Recent-Acquisitions--New-Corporate-Report-Issued-on-Next-Group-Holdings?id=136372&b=y
Time Price Volume Market
16:10:16 0.08918 50000 OTO
16:09:37 0.093435 43000 OTO
15:57:44 0.129 2000 OTO
15:57:43 0.13 5000 OTO
In essence, NXGH paid for a report, which happened to give the company an "intrinsic" value of .75 cents. Tomorrow I shall give their research writer a lesson in what intrinsic means. The report was quite entertaining. And of course, ended with the following disclaimer:
http://www.otcmarkets.com/stock/NXGH/news/Following-String-of-Recent-Acquisitions--New-Corporate-Report-Issued-on-Next-Group-Holdings?id=136372&b=y
Time Price Volume Market
16:10:16 0.08918 50000 OTO
16:09:37 0.093435 43000 OTO
15:57:44 0.129 2000 OTO
15:57:43 0.13 5000 OTO
In essence, NXGH paid for a report, which happened to give the company an "intrinsic" value of .75 cents. Tomorrow I shall give their research writer a lesson in what intrinsic means. The report was quite entertaining. And of course, ended with the following disclaimer:
...we call the reader's attention to the fact that Online Media Group, Inc. has received compensation from the company(ies) mentioned in this
report.
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