Although Dig-It Underground, Inc. (PINK:DIGX) has officially been in existence for more than 10 years now, it was not until Nov 21, 2011 that DIGX stock finally appeared on the stock charts. Two weeks later, DIGX has received its first paid promotion.
Last night, our promotional database was flooded by four advertising emails. According to the information disclosed in their disclaimers, a third party going by the name of Equities Awareness Group paid at least $65 thousand for a one-day investor awareness program for DIGX stock, which means that the campaign is exclusively focused on how DIGX will perform in the upcoming session later today.
As it is, all the promotional emails in support of DIGX are entirely based on the latest press release which the company issued yesterday. According to the corporate update, Get Down Art, DIGX’s wholly owned subsidiary, has now acquired the distribution rights for ‘The Hangover Recovery Shot’ – a dietary supplement for hangover recovery – throughout the United States.
However, the very latest news about the company popped up just a couple of hours ago. The new press release reveals another executive publishing agreement. This time, the subject is a collection of 41 original psychedelic artworks whose creator is the late Jimi Hendirx.
DIGX finished the third calendar quarter of 2011 with:
- cash reserves of $4.3K;
- working capital surplus of $215K;
- net profit of $25K.
Yesterday, DIGX closed the session at $0.20 per share, which accounted for an 18% depreciation in comparison with the previous day. As many as 3 thousand shares changed hands. Provided that the current promotion manages to raise the hype about DIGX high enough, a bigger volume will hardly come as a surprise.
