Digital Caddies, Inc. (PINK:CADY) received its first promotion under the new name and ticker of the old company formerly known as DNA Beverage Corp. and Imagine Holding Corp. Though its short-trading history as CADY on the Pink Sheets Market, Digital Caddies already holds an over $19 million market cap that seems undeserved. 
CADY closed yesterday’s trading session with a 4.44% decrease in its share price at $0.43, while the trading volume amounted only around 112,000 traded shares. No clear trend is seen on the chart, which together with the low trading volumes makes the stock a good pick for a successful promotion to advertise the new ticker symbol and the new business plan of the company.
We received one promotional e-mail on CADY last night which is expected to influence the trading today. The campaign has been started by Stock Digest Report – one of the promoters with the highest rank according to our database. A third-party has paid $40,000 for the promotion and is probably holding shares of the company.
According to CADY recent press releases, the company is now engaged in providing a tablet-based system installed on golf carts and golf courses. This month, it has been announced that two golf clubs had extended their contracts with CADY and would further use its services. Compared to the optimistic press announcements, however, the company’s financials look rather dull.
As of end-October 2011, CADY had $900,000 in total assets ($39,000 in cash), while its current liabilities exceeded $922,000. The company has a history of operating losses and substantial shareholder dilution. Currently, CADY is authorized to issue 225 million shares of common stock and it has now according to OTC Markets 44.7 million outstanding shares after a 85 for 1 reverse stock split in November.
