Galaxy Next Generation Inc (GAXY)

[SweetLord]

Suspicious Fraud: Galaxy Next Generation($GAXY)


According to SEC filings, Galaxy Next Generation sold a "Mr. Sivakumar Arikeri Pathikonda" 68,800,700 shares for $6,800.70.

https://sec.report/Document/0001062993-20-003483/



That is rather cheap considering Galaxy Next Generation sold a "Kevin Watson" 2,687,637 shares for $1,766,029.00 nine months prior.

https://sec.report/Document/0001091818-19-000263/



Mr. Arikeri Pathikonda Sivakumar is a major shareholder for Galaxy Next Generation($GAXY) and Indoor Harvest Corp ($INQD). According to his Form SC 13G, he purchased 68,800,700 shares of $GAXY at $0.0001 per share($6,880.07) on July 27, 2020. He also purchased 112,083,479 shares of $INQD at $0.001 per share ($112,083.48) on July 22, 2020.

Both of the stock he had purchased major shares had an unexplainable and abnormal spike in sales, driving the value of the stock dramatically. Unusually, both stocks fell and continued to fall on the same day, 8/11.

$GAXY
https://www.otcdynamics.com/galaxy-next-generation-inc-gaxy-end-of-day-report-for-august-25-2020/
8/7
Opens: 0.0040 / Closes: 0.0088 / Change: 120% / High: 0.01 / Low: 0.0039 / Share Volume: 855,227,700

8/10
Opens: 0.0088 / Closes: 0.025 / Change: 178% / High: 0.027 / Low: 0.0089 / Share Volume: 1,621,449,000

8/11
Opens: 0.025 / Closes: 0.014 / Change: -43% / High: 0.031 / Low: 0.013 / Share Volume: 892,625,100


$INQD
https://www.otcdynamics.com/indoor-harvest-corp-inqd-end-of-day-report-for-august-10-2020/

8/7
Opens: 0.0028 / Closes: 0.0038 / Change: 36% / High: 0.0038 / Low: 0.0027 / Share Volume: 69,429,800

8/10
Opens: 0.0038 / Closes: 0.0055 / Change: 45% / High: 0.0060 / Low: 0.0039 / Share Volume: 139,001,700

8/11
Opens: 0.0055 / Closes: 0.0048 / Change: -13% / High: 0.0061 / Low: 0.0045 / Share Volume: 83,622,100


Both stocks unusually jumped 120%($GAXY) and 36%(INQD) on August 7, 2020 and again jumped 178%($GAXY) and 45%($INQD) on August 10, 2020, the day before both stocks crashed.


Two OTC penny stocks don't jump that high on the very same day out of nowhere with no signals. Unless your name is Sivakumar Arikeri Pathikonda.