Replies to post #14886 on Goliath National Inc (ZAAGD)

[wiz_kid]

Regardless, this has potential to turn on a dime. Go DGIN!

[richrichrich]

Not to "battle", nor am I looking for a long term history of DGIN, but I had to compare the news releases for DGIN, to your 6 month chart. It seems the biggest sinking period, was from when they began the Maxwell talks, with the stock at a healthy 15-20 cents, to when the Maxwell deal "fell through", where it finally dropped to a penny, in late May. Don't know why it suffered so, during the Maxwell "hopeful" period. They even threw in the the Barbados thing in late April(that might be that brief return to a nickel). It's lucky it got back up to 2 cents, in mid June, from a SS update(or was that a promo pump - I don't see any other news), to where it settled back down to a penny, until recently. Incredibly, volume was "miniscule", for the entire 6 month period, then all of a sudden a whopping 80 million, in the past week or so. We can plainly see the "damage" caused, by what I believe is paid promo "flipping" recently, during the most recent two news releases.
So, I agree with your anguish about bid buying(and don't forget bid selling probably, during the recent promo "rapery"), but there's something I believe the company is "doing wrong", when I see it fall from 20 cents to a penny, in less than 3 months timeframe. Also, if the company is behind these promo "pumps", I have to believe there's not much faith, in the company's upper staff, about their own "standing". These promo things are, I thought, usually reserved for companies that don't have much left going for them. Usually scams, down in the .000X range. Why would you defend a "fallen" company, as the 6 month chart shows, as if they weren't "participants", in the recent promo selling?
I realize you've been invested in this company, for a lot longer than me. And I'm not bashing the company to death. I now have a small investment in it too. But this rapid decline seems to have started, ever since they first started nurturing a relationship with Maxwell and Barbados, early April. What's the relationship there? Or can you say, that's about when the bid buying began, causing this huge "slump"? Hard to believe the company has no "blame", in this decline.