The Epic/Stocks Gone Wild play for Monday is DIGX. If anyone is thinking about playing that POS you should probably read the filings.
Epic usually has some pretty good picks but he sure dropped the ball on the DD on DIGX
For those that don't do a lot of DD I thought it might be a good idea to post some information about the share structure taken from the 3rd quarter financial posting on www.pinksheets.com
in the first Quarter ended Mar. 31, 2009 the Company issued 5,000,000 shares of restricted common stock for executive services
in the first Quarter ended Mar. 31, 2009 the Company issued 7,500,000 shares of restricted common stock for consulting services
in the first Quarter ended Mar. 31, 2009 the Company issued 1,750,000 shares of restricted common stock for $1,750 Investment in the Company
in the first Quarter ended Mar. 31, 2009 the Company issued 20,000,000 shares of restricted common stock for executive services
in the second Quarter ended June 30, 2009 the Company issued 4,500,000 shares of restricted common stock for a $4,500 investment in the Company
in the second Quarter ended June 30, 2009 the Company issued 1,250,000 shares of restricted common stock for a $1,250 investment in the Company
in the third Quarter ended Sept. 30, 2009 the Company issued 9,000,000 shares of restricted common stock for consulting services
In case you might find it difficult to do the math
there has been 41,500,000 shares issued to the shell guys for "consulting" or "executive" services and at .20 that would equate to $8,300,000 for those services. So this boils down to some guy or a group of guys buys a shell for $100,000 they hold it a year or two until they can find some poor slob with a business that has big dreams, they promise him the world and issued him 80,000,000 shares on Sept 30 2011 (all restricted for a year) and promise him the world. This poor slob thinks his 80,000,000 shares is worth $16,000,000 and he is rich and his company is going to be the next TJ Max or Spencers Gifts. A year later his stock is free trading, the stock is at .0025 and the shell guys have sold their 49,000,000 shares and they are long gone. The poor slob never got a dime and the shell guys are off to find the next poor slob with big dreams
there has been 7,500,000 sold to others for the sum of $7,500 and at .20 that would be worth $1,500,000. Let's see here. Spend $7,500 and a year later you get $1,500,000 for a 19,000% gain. No wonder the SEC and FINRA are stepping in to end this kind of crap
Get real people...this is a box job pump & dump and nothing more. They have already tried one push for well over $100,000 in cash and the guys holding the shares didn't let anyone make any money because they are too greedy with their free shares.