Digatrade Financial Corp. (DIGAF)

[rjunior79]

THIS IS WHY DIGAF IS A PUMP-& -DUMP:

Go to the Canadian SEDAR filing site. It’s equivalent to the SEC in the USA:

http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00027960

Keep this document open and click on Interim Financial Report dated August 28, 2017. Keep this document open as I walk you through some real DD. The quotes below are from this very document:

1) A BRIEF HISTORY: SHARE PRICE FROM $25 PUMP TO PENNIES:

“In March 2015, the Company entered into an agreement with Mega Ideas Holdings Limited, dba ANX (“ANXPRO and ANX International”), a company incorporated and existing under the laws of Hong Kong. ANX owns a proprietary trading platform and provides operational support specializing in blockchain development services and exchange and transaction services for crypto-currencies known as Bitcoin and other digital assets.”

It has been 2.5 years since DIGAF entered into an agreement with ANX. Why only now is DIGAF going to succeed during the HYPE of BLOCKCHAIN?

The answer is IT WONT! THEY ARE PUMPING OLD NEWS!

Since then it’s price has gone from $25 to pennies. Take a look at the 3 year graph below :

http://stockcharts.com/h-sc/ui?s=DIGAF&p=D&yr=3&mn=0&dy=0&id=p64999699848848


2. A HISTORY OF DEBT AND LOSSES:

DIGAF has major losses of $4.6 million accumulated and a deficiency of $238,777.


“The Company has not yet achieved profitable operations, and has accumulated losses of $4,601,997 since inception and working capital deficiency of $238,777 as at June 30, 2017; accordingly, the Company will need to raise additional funds through future issuance of securities or debt financing. Although the Company has raised funds in the past, there can be no assurance the Company will be able to raise sufficient funds in the future, in which case the Company may be unable to meet its obligations as they come due in the normal course of business. It is not possible to predict whether financing efforts will be successful or if the Company will attain a profitable level of operations.”

3) CURENT CASH IS NOT ADEQUATE TO CONTINUE GOING CONCERN:

“The current cash resources are not adequate to pay the Company’s accounts payable and to meet its minimum commitments at the date of these financial statements, including planned corporate and administrative expenses, and other project implementation costs, accordingly, there is significant doubt about the Company’s ability to continue as a going concern. These financial statements do not give effect to adjustments that would be necessary to the carrying amounts and classifications of assets and liabilities should the Company be unable to continue as a going concern. “

4) DEVELOPMENT FUNDING IS AT A MEASLY $4,000

Look at the income statement and see for yourself the costs are at a $4,000 level.

How can a company that's going to make you millions on a promise that next year something new and shiny is coming when they haven’t delivered anything in 2.5 years and have accumulated losses of $4 Million?


Now you make the call! Are you being taken for a ride?

I am just trying to protect people here from a frenzy of pumps in the wild world of crypto!