Everyone is familiar with those games where contestants have to bid on the contents of a closed box and hope really hard the box doesn’t contain a plastic spork. The situation around The Digital Development Group Corp. (OTC:DIDG) is a very similar one.
Paid promoters were touting DIDG stock yesterday, promising lucrative gains. Such expectations don’t need to be based on actual research when promoters are being paid a whopping $80 thousand to spread the word.
DIDG has had its fair share of pumps in the past and the results were consistently shoddy, with the stock burning a hole in the floor after each successive pump.
The biggest issue with DIDG is not even the previous failed pumps. The company, previously operating as Regency Resources, Inc., reverse merged with a Digitally Distributed Acquisition Corp. and continued operations as DIDG. However, the last 10-Q filed is still concerning the financials of Regency and the 8-Ks filed with the merger and after it shed no light on how it influenced Regency’s previously abysmal financial state.
Investors are faced with DIDG, a company which suddenly has a market cap of nearly $64 million even though it’s not at all clear how that came to be. It would be a great move on part of the company if they filed their currently due 10-Q. This way all possible investors would no longer be kept in the dark.
Turning a curious eye to the pumper, investors can see some dismal performance by promoter Stock Mister in the past. Two of his previous promoted stocks, NOST and GWBU, ended up burning juicy percentages of gullible investor money.[BANNER]
Investors would be wise to do their own, very thorough research before buying in on promotions, because blind bidding is only fun when you see it on TV.
