$DIGXD Rolling Brief - Updated August 28, 2018. Ex
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Posted On: 08/28/2018 12:38:32 PM
$DIGXD Rolling Brief - Updated August 28, 2018. Extracts From Official Filings & PRs + Analysis From Observations [main updates in bold].
New President - John English of Palm Beach, FL - noted in updated $DIGX Annual List filed with NV SOS on June 12, 2018.
https://www.nvsilverflume.gov/businessSearch?...ons=Submit
https://www.nvsilverflume.gov/businessSearch [enter "DIG-IT UNDER" then open record found]
otcmarkets.com has started to get updated with new Company details - new Corporate HQ address and new President / Secretary / Treasurer details now up - correlates correctly with recent NV SOS filing.
Updates ongoing - watching for new Company Profile / Business Plan.
NV SOS has now also been updated with a company name change to "Eco Innovation Group, Inc".
Certificate of Amendment:for the formation of the new company Eco Innovation Group, Inc - a reverse split was not declared to NV SOS:
https://investorshub.advfn.com/uimage/uploads...-_Copy.JPG
Nevada State Business License Eco awarded to Innovation Group, Inc.
https://investorshub.advfn.com/uimage/uploads...-_Copy.JPG
It has recently emerged that Eco Innovation Group, Inc [DIGXD] was set up by June 2017 (or earlier) in the name John English who subsequently became the new CEO of $DIGXD in June 2018 - presumably he has taken the opportunity for his company to go public.
It is not yet clear whether DIGXD is expanding its existing profitable portfolio of companies (chiropractic office chain + hair salon) into the eco business sector (eg solar power, green waste / recycling, water purification etc) or whether the business will be based solely around the company the new CEO has already set up.
Expect a PR at some point announcing the new President and outlining future plans which will most likely include one or more of the following:
- Change of CEO.
- The reason for the name change to Eco Innovation Group, Inc.
- A reverse merger / acquisition of the existing company Eco Innovation Group, Inc set up in 2017 by the new CEO.
- The reason for the reverse split, price outlook and any uplist plans.
- Ticker change to one matching the new name / business.
- The nature of the new business.
The current existing company portfolio comprises:
"Expressions Chiropractic & Rehab, PA" and "Expressions Property Limited, LP" - wholly owned subsidiaries located in Dallas and Cedar Hill, TX - currently operates two chiropractic and rehab centers in the Dallas-Fort Worth Metroplex area.
Management has developed a business plan which includes growth through the acquisition of existing chiropractic and rehabilitation centers in the Dallas-Fort Worth Metroplex area.
Management believes that they will be able to obtain the capital necessary to acquire multiple chiropractic and rehabilitation centers in the Dallas-Fort Worth Metroplex area - in effect “Branding” the "Expressions" name and specific operational characteristics of the company.
"Split Endings" - a wholly owned subsidiary - is an upscale beauty salon located in Cedar Hill, TX.
Management has developed a business plan which includes growth through the acquisition of privately owned salons and spas in the Dallas-Fort Worth Metroplex area.
Management believes that they will be able to obtain the capital necessary to acquire multiple privately owned salons and spas in the Dallas-Fort Worth Metroplex area - in effect “Branding” the "Split Endings" name and specific operational characteristics of the company.
The Company is also actively seeking out suitable mergers, acquisitions and/or joint ventures , which would enhance our company's value.
Company websites:
http://www.expressionschiropractic.com/
http://www.splitendings.com/welcome.html
$DIGXD Share Structure - Anticipated wef August 29, 2018:
Authorized Shares: 2,100,000
Outstanding Shares: 1,830,612
Restricted: 208,800
Unrestricted: 1,621,812
Float: 1,621,812
There has been no dilution in 2017 or in 2018.
The 2017 Annual Report confirmed that no shares were issued for convertible debt in Q4. Only 15M total were issued in the whole of 2017.
The Attorney Opinion Letter for the 2017 Annual Report was filed and accepted on Mar 9, 2018
$DIGXD was the highest banked profit stock for those that traded it correctly in 2017 due to its proven history of regular repeat runs on the excellent financial results each quarter.
The 2017 Annual Report was filed 25 days early on March 6, 2018.
Proven, excellent financial results which set off several runs in 2017:
2017 Gross Revenue: $1,980,130.
2017 Gross Profit: $1,932,177.
2017 Net Profit: $234,138 [rare in the OTC].
As expected, 2017 Q4 revenue was up compared to the average of Q1>Q3.
The company is rated as a "Going Concern" [rare in the OTC].
Overall, $DIGXD has generally filed quarterly reports in a timely manner in the modern era (since the acquisition of Expressions Chiropractic & Rehab in January 2016).
The filing of the 2017 Annual Report on Mar 6, 2018 - 25 days earlier than the 2016 Annual Report on Mar 31, 2017 - is noteworthy. The Attorney Opinion Letter followed in short order on Mar 9, 2018.
The 2018 Q1 Report was also filed early - by 22 days - compared to 2017.
Again the 2018 Q1 results were excellent - confirming that $DIGX is maintaining 2017's performance.
2018 Q1 Gross Revenue: $486,245.
2018 Q1 Net Revenue: $478,805.
2018 Q1 Net Profit: $58,193.
All net profits are held as cash at the bank and therefore available for planned brand expansion and acquisitions [rare in the OTC].
2018 Q2 ended on Jun 30, 2018 .
2018 Q2 filings are awaited - 2018 Q1 came out 22 days earlier than in 2017.
DIGXD will be upgraded to OTC Current within 1-2 business days of filing Q2.
New President - John English of Palm Beach, FL - noted in updated $DIGX Annual List filed with NV SOS on June 12, 2018.
https://www.nvsilverflume.gov/businessSearch?...ons=Submit
https://www.nvsilverflume.gov/businessSearch [enter "DIG-IT UNDER" then open record found]
otcmarkets.com has started to get updated with new Company details - new Corporate HQ address and new President / Secretary / Treasurer details now up - correlates correctly with recent NV SOS filing.
Updates ongoing - watching for new Company Profile / Business Plan.
NV SOS has now also been updated with a company name change to "Eco Innovation Group, Inc".
Certificate of Amendment:for the formation of the new company Eco Innovation Group, Inc - a reverse split was not declared to NV SOS:
https://investorshub.advfn.com/uimage/uploads...-_Copy.JPG
Nevada State Business License Eco awarded to Innovation Group, Inc.
https://investorshub.advfn.com/uimage/uploads...-_Copy.JPG
It has recently emerged that Eco Innovation Group, Inc [DIGXD] was set up by June 2017 (or earlier) in the name John English who subsequently became the new CEO of $DIGXD in June 2018 - presumably he has taken the opportunity for his company to go public.
It is not yet clear whether DIGXD is expanding its existing profitable portfolio of companies (chiropractic office chain + hair salon) into the eco business sector (eg solar power, green waste / recycling, water purification etc) or whether the business will be based solely around the company the new CEO has already set up.
Expect a PR at some point announcing the new President and outlining future plans which will most likely include one or more of the following:
- Change of CEO.
- The reason for the name change to Eco Innovation Group, Inc.
- A reverse merger / acquisition of the existing company Eco Innovation Group, Inc set up in 2017 by the new CEO.
- The reason for the reverse split, price outlook and any uplist plans.
- Ticker change to one matching the new name / business.
- The nature of the new business.
The current existing company portfolio comprises:
"Expressions Chiropractic & Rehab, PA" and "Expressions Property Limited, LP" - wholly owned subsidiaries located in Dallas and Cedar Hill, TX - currently operates two chiropractic and rehab centers in the Dallas-Fort Worth Metroplex area.
Management has developed a business plan which includes growth through the acquisition of existing chiropractic and rehabilitation centers in the Dallas-Fort Worth Metroplex area.
Management believes that they will be able to obtain the capital necessary to acquire multiple chiropractic and rehabilitation centers in the Dallas-Fort Worth Metroplex area - in effect “Branding” the "Expressions" name and specific operational characteristics of the company.
"Split Endings" - a wholly owned subsidiary - is an upscale beauty salon located in Cedar Hill, TX.
Management has developed a business plan which includes growth through the acquisition of privately owned salons and spas in the Dallas-Fort Worth Metroplex area.
Management believes that they will be able to obtain the capital necessary to acquire multiple privately owned salons and spas in the Dallas-Fort Worth Metroplex area - in effect “Branding” the "Split Endings" name and specific operational characteristics of the company.
The Company is also actively seeking out suitable mergers, acquisitions and/or joint ventures , which would enhance our company's value.
Company websites:
http://www.expressionschiropractic.com/
http://www.splitendings.com/welcome.html
$DIGXD Share Structure - Anticipated wef August 29, 2018:
Authorized Shares: 2,100,000
Outstanding Shares: 1,830,612
Restricted: 208,800
Unrestricted: 1,621,812
Float: 1,621,812
There has been no dilution in 2017 or in 2018.
The 2017 Annual Report confirmed that no shares were issued for convertible debt in Q4. Only 15M total were issued in the whole of 2017.
The Attorney Opinion Letter for the 2017 Annual Report was filed and accepted on Mar 9, 2018
$DIGXD was the highest banked profit stock for those that traded it correctly in 2017 due to its proven history of regular repeat runs on the excellent financial results each quarter.
The 2017 Annual Report was filed 25 days early on March 6, 2018.
Proven, excellent financial results which set off several runs in 2017:
2017 Gross Revenue: $1,980,130.
2017 Gross Profit: $1,932,177.
2017 Net Profit: $234,138 [rare in the OTC].
As expected, 2017 Q4 revenue was up compared to the average of Q1>Q3.
The company is rated as a "Going Concern" [rare in the OTC].
Overall, $DIGXD has generally filed quarterly reports in a timely manner in the modern era (since the acquisition of Expressions Chiropractic & Rehab in January 2016).
The filing of the 2017 Annual Report on Mar 6, 2018 - 25 days earlier than the 2016 Annual Report on Mar 31, 2017 - is noteworthy. The Attorney Opinion Letter followed in short order on Mar 9, 2018.
The 2018 Q1 Report was also filed early - by 22 days - compared to 2017.
Again the 2018 Q1 results were excellent - confirming that $DIGX is maintaining 2017's performance.
2018 Q1 Gross Revenue: $486,245.
2018 Q1 Net Revenue: $478,805.
2018 Q1 Net Profit: $58,193.
All net profits are held as cash at the bank and therefore available for planned brand expansion and acquisitions [rare in the OTC].
2018 Q2 ended on Jun 30, 2018 .
2018 Q2 filings are awaited - 2018 Q1 came out 22 days earlier than in 2017.
DIGXD will be upgraded to OTC Current within 1-2 business days of filing Q2.
(1)
(0)Eco Innovation Group Inc (ECOX) Stock Research Links
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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.