Theyre back! And this time, they have a fresh, new

They’re back!  And this time, they have a fresh, new name and ticker symbol.  But the game stays the same…

Who am I talking about?  It’s none other than the awesome “pre-exploration” mineral mining company,  Regency Resources   RSRS).

Remember these guys?

I highlighted them back in April while the stock was still trading under the ticker symbol RSRS.  Back then it was trading at $0.97 a share.  Now it’s down near $0.83, a mere 15% drop.  It appears the stock touting efforts of “The Penny Stock Chief” weren’t enough to lure in unsuspecting fish to buy RSRS shares.

Now that they’re DIDG, pumpers like David Cohen and Research Driven Alerts are getting in on the action.  I can’t wait to see how much they can tank the stock!

So how does one go from mineral mining to digital TV distribution?  I’m not quite sure.  But it appears that the merger can only help RSRS. Based on their March 2012 quarter financials, Regency has $0 cash, $0 assets, and $90,073 in current liabilities.

So why is DIDG merging with them?

Well, no one will ever know what was truly behind that deal, but my only guess is it gives DIDG access to sell stock in order to raise funds.

Looks like the plan is to simply change the ticker symbol and start looking for investors.

The problem is, with a new company name and ticker symbol, there’s no real financial information about the business of DIDG .  Who in their right mind invests in a company with no financials?

I guess the sad saps falling for the pumping that’s going on… that’s who.

Finally, take a look at the brief but painful chart of DIDG –


Yeah, they’ve been trading as DIDG for a whopping 42 days.  And in that time, it looks like someone already is taking a loss after buying shares north of $1.20.

With no real financial data, and a confusing merger with a “pre-exploration” mineral company, I’d avoid shares of DIDG at any cost!