Debunking the nonsense posts on iHub from the non-
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Posted On: 05/29/2017 11:54:20 AM
Debunking the nonsense posts on iHub from the non-credible bashers who sneaked in over the weekend on that minority influence forum.
The A/S is 2,100,000,000 as at May 18, 2017.
The A/S has actually been reduced by 100M in the "new era" (post- acquisition of Expressions Chiropractic & Rehab).
There is no intention - or need - to raise the A/S.
The O/S is being reduced - by 30M already in 2017 - as the company follows through with its' stated intent to reduce the share count and debt.
It is actually irrelevant what the float was prior to the "new era" as proven by the fact that $DIGX has run several times since - most recently to .0011.
There are no "bagholders racing for the exit" as claimed by the clueless.
First, the staunch supporters of $DIGX - including some of the biggest traders in the bottom end of the OTC market - are actually adding on the ask as well as maintaining a bid of 50M>200M (not all visible).
Second, nobody who bought at any price on the recent run - which saw the highest volumes over several days and the highest price (.0011) of any run in the "new era" - paid a price that $DIGX should surpass at some point in the future - given that is now a proven $2M+ revenue per year company with likely profits exceeding $500K in 2017 - based on 2017 1Q results and the 2016 Annual Report.
There is no dilution and there is no convertible debt.
There has been no mass dumping of shares - either by those due compensation in lieu of pay for company executive services, whose selling is limited to 1% per quarter under Rule 144, or by savvy traders who build up a large inventory of shares between runs - that cannot be traded around by observant and skillful traders.
For instance, it was probable that most, if not all, the selling by those entitled to compensation for executive services was done during the high volume day when the average price included 5-decimal place prices. For instance, on May 16, 484M shares were traded at an average price .001099.
Traders that follow my strategy on off-the-bottom "no-brainers" to move above .0020 towards .01 over time, always keep all their core cheapest shares bought at the year bottom price to have a decent inventory for any breakout run whilst also adding at higher prices 2>5 increments above the bottom to have an inventory to trade on high volume days during runs.
That avoids the "shall I / shall I not" sell decisions at the peak of each day's run which can leave traders without shares or tempted to whack the bid which damages the progress temporarily.
Any selling by them of the non-core shares is done in a skilfull, imperceptible manner when the stock is moving (that is, not by stacking the ask and never by whacking the bid). That in turn, makes the cost basis of the "core" shares effectively "free" and repeat runs enable the size of the "free core" to be increased over time.
It is also nonsense to suggest that people wouldn't buy above .0010 in future. That is ridiculous since many people who trade in the OTC market only buy above .0010 - specifically watching scanners and alerts for that.
Also, those who have followed $DIGX for at least 3 years know how thin it is in the .0010>.0020 range with virtually nobody having bought in that range since $DIGX was last in the .0020>.0030 range.
It is also ridiculous to suggest that $DIGX engages in pump and dump scams. It is a legitimate $2M+ revenue company which has not engaged in any paid promotions that I'm aware of in the "new era".
It is ludicrous beyond belief to suggest that $DIGX does not actually have both the Split Endings hair salon and the Expressions Chiropractic & Rehab chain in its' portfolio.
It is also ludicrous to suggest that the filings have been falsified.
The company CEO has certified the content of the filings and an Attorney Opinion letter has been filed.
The above is my opinion and the basis upon which I will continue to maintain an investment in $DIGX for the foreseeable future.
$DIGX remains one of my top picks for 2017 and beyond
The A/S is 2,100,000,000 as at May 18, 2017.
The A/S has actually been reduced by 100M in the "new era" (post- acquisition of Expressions Chiropractic & Rehab).
There is no intention - or need - to raise the A/S.
The O/S is being reduced - by 30M already in 2017 - as the company follows through with its' stated intent to reduce the share count and debt.
It is actually irrelevant what the float was prior to the "new era" as proven by the fact that $DIGX has run several times since - most recently to .0011.
There are no "bagholders racing for the exit" as claimed by the clueless.
First, the staunch supporters of $DIGX - including some of the biggest traders in the bottom end of the OTC market - are actually adding on the ask as well as maintaining a bid of 50M>200M (not all visible).
Second, nobody who bought at any price on the recent run - which saw the highest volumes over several days and the highest price (.0011) of any run in the "new era" - paid a price that $DIGX should surpass at some point in the future - given that is now a proven $2M+ revenue per year company with likely profits exceeding $500K in 2017 - based on 2017 1Q results and the 2016 Annual Report.
There is no dilution and there is no convertible debt.
There has been no mass dumping of shares - either by those due compensation in lieu of pay for company executive services, whose selling is limited to 1% per quarter under Rule 144, or by savvy traders who build up a large inventory of shares between runs - that cannot be traded around by observant and skillful traders.
For instance, it was probable that most, if not all, the selling by those entitled to compensation for executive services was done during the high volume day when the average price included 5-decimal place prices. For instance, on May 16, 484M shares were traded at an average price .001099.
Traders that follow my strategy on off-the-bottom "no-brainers" to move above .0020 towards .01 over time, always keep all their core cheapest shares bought at the year bottom price to have a decent inventory for any breakout run whilst also adding at higher prices 2>5 increments above the bottom to have an inventory to trade on high volume days during runs.
That avoids the "shall I / shall I not" sell decisions at the peak of each day's run which can leave traders without shares or tempted to whack the bid which damages the progress temporarily.
Any selling by them of the non-core shares is done in a skilfull, imperceptible manner when the stock is moving (that is, not by stacking the ask and never by whacking the bid). That in turn, makes the cost basis of the "core" shares effectively "free" and repeat runs enable the size of the "free core" to be increased over time.
It is also nonsense to suggest that people wouldn't buy above .0010 in future. That is ridiculous since many people who trade in the OTC market only buy above .0010 - specifically watching scanners and alerts for that.
Also, those who have followed $DIGX for at least 3 years know how thin it is in the .0010>.0020 range with virtually nobody having bought in that range since $DIGX was last in the .0020>.0030 range.
It is also ridiculous to suggest that $DIGX engages in pump and dump scams. It is a legitimate $2M+ revenue company which has not engaged in any paid promotions that I'm aware of in the "new era".
It is ludicrous beyond belief to suggest that $DIGX does not actually have both the Split Endings hair salon and the Expressions Chiropractic & Rehab chain in its' portfolio.
It is also ludicrous to suggest that the filings have been falsified.
The company CEO has certified the content of the filings and an Attorney Opinion letter has been filed.
The above is my opinion and the basis upon which I will continue to maintain an investment in $DIGX for the foreseeable future.
$DIGX remains one of my top picks for 2017 and beyond
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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