Several press releases and two promotions made B2Digital, Inc. (PINK:BTDG) stock look like it would end up the downtrend. BTDG has been surging up these days, the forces laying behind that surge being highly questionable.BTDG.png

Yesterday, day traders made the promoters‘ prophecy about the “undervalued gold play” BTDG fulfill itself. The stock actually continued to rally, by 27.5% from the previous day and closed the market at $0.0125. The 134,274,421 traded shares is impressive as an absolute value, though related to the 2,637,379,018 BTDG shares issued and outstanding looks like some marginal share exchange of around 5% of the company’s common stock.

The “news” that caused it also do not actually deserve the attention. Yesterday, the company once again issued the press release about the offer from a “Major Investor Group”, who wants to buy all BTDG shares for cash and for the notable $0.15 price per share. That announcement was obviously the next part of the pumping strategy, the basis for the estimated over $395 million market value of BTDG being provided on Monday.

Then, the company announced a joined venture agreement to acquire the mining exploration leases of another company, valued by BTDG’s PRs at the unimaginable “$1,875,000 billion”. Meanwhile, two stock promotions B2_Digital.jpgwere disclosed over the past week, for which officially no compensation has been received. There was some skepticism on that issue and maybe the next disclosure will complete the story.[BANNER]

Latest financial reports submitted with the SEC are for the quarter ended September 2007 and in 2008 the company has received a notice from the SEC that the registration with the commission has been terminated. According to that latest report, BTDG had progressively declining assets, growing losses and debts of nearly $2 million. At that time the company engaged in providing video entertainment and satellite services.

From a more current quarter report available at the OTC Markets homepage, one can derive the information that BTDG previous business has suffered severe downturn, which made them redirect their perspectives to the mining industry, over a share exchange agreement with a private company named Castle Creek Silver, Corp. The company does not mention under what conditions all the above mentioned shares were printed, but for sure it has no operations over the past thee years and there is no trusty information about BTDG having any cash or any other assets.