The volume accumulation and some other good-looking technical parameters for SGDH are a convenient starting point for a possible action today. It seems possible that some additional demand could raise SGDH above the 3 cents level as today the promotions from yesterday evening could provide that demand. The email sent out state that SGDH could explode 4,000% today, and the sender’s website states that he gets compensated either in cash or shares for the promotions.
Against all rules, there is no particular disclaimer for SGDH, but it is likely to appear in the follow-up emails. Although the stock has more than doubled its price this month, as newly featured in the alerts it could gain even more. Yesterday the stock closed at 22 cents with a modest 4.76% increase in the share price and traded the abnormal amount of 4 million shares.
Yesterday morning, SGD Holdings, Ltd. also announced some financial results for the year ended December 2010. According to the press release which strangely discussed only the sales, pointed out that they grew up by almost the same impressive percentage as the above mentioned promised by the promoter share price explosion.
Unfortunately, the company is not filing with the SEC for this statement to be taken that seriously and the reports published on the OTC markets homepage also do not help investors out of their confusion. From the reports available, SGDH had total revenue of about $3.3 million for the period between August 2009 and July 2010, and subsequently about $222,000 from August till October 2010. Even with the murky truth content of the PR, with outstanding shares of over 88 million the given sales should not justify a share price explosion of any kind.
