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Re: willieb post# 22590

Friday, 03/09/2012 11:13:09 AM

Friday, March 09, 2012 11:13:09 AM

Post# of 53371
Yes, I can tell you.

This company is releasing shares (diluting) on a massive scale, even after their disasterous and unannounced (and previously lied-about) 1000:1 reverse split of Jan 2012. I have been told they are under investigation by the SEC and subsequently it would appear they have been directed to make corrections to their share structure.

Incidentally- this is not their first reverse split and is not likely to be their last.

The stock seems "static" to you because it has been tagged as an extremely toxic security by the penny community. The only shares changing hands are between insiders trying to do what they're told whether it makes any sense or not, bagholders confirming their losses and moving on, MMs out for themselves, or new investors who have done little or no research into this house of cards.

Formerly known as Diversity International (DGIN) (and DGIND in transition), the company was fraudulent then and is fraudulent now.

ARN bought DGIN or vice versa, and as far as I am concerned they are each as fraudulent as the other.

I have researched and researched and found nothing but bad news, but that didn't keep me from losing thousands of dollars due to my own foolishness and bad judgement.

Don't buy any shares of this so-called company.

Volume:
Day Range:
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Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y