Yesterday, B2Digital, Inc. (PINK:BTDG) surged 200% on a volume of 300 million and finished the session at $0.0003. The traded volume was much higher than unusual, which signaled that something important might have happened with the stock.
The only thing which could provide any hint to the stock action was the filed supplemental information document on Friday. It concerned the merger process between BTDG and VOTH Network Inc. The document indicated that after the merger three specific units would operate under the name of ONE Media Corp:
- America ONE – an entertainment and sports television network
- B2 Broadcasting – a company that delivers HD signal services using broadband Internet
- ONE World Sports – a cable network focused on the Asian demographic in the USA.[BANNER]
After the document was published on the OTC Market, BTDG surged above the $0.0003 resistance and even reached an intraday high at $0.0009, but eventually it fell back down and finished at $0.0003.
Apart from that, there is no other official event which could have caused such a turbulent action for the triple-zero stock of BTDG. The price chart shows that the company’s shares lost investors’ confidence and dropped to the lowest possible value on the stock exchange several days before the surge.
At present, though, it is not at all clear what will happen next with the stock due the the extreme volatility of the triple zeros stocks. Probably, only the most risk tolerant investors will take part in the stock trade and will decide the fate of BTDG stock in the near term.
