$DIGXD Rolling Brief - Updated September 2, 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 "Eco Innovation Group, Inc" 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.
A Certificate of Amendment:for the formation of the new company "Eco Innovation Group, Inc" was filed with NV SOS - a reverse split was not declared.
NV SOS has now also been updated with a company name change to "Eco Innovation Group, Inc".
A Nevada State Business License has been awarded to "Eco Innovation Group, Inc".
It has recently emerged that "Eco Innovation Group, Inc" [DIGXD] was set up by July 27, 2017 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 - either through acquisition by the legacy business "Dig-It Underground, Inc" or a reverse merger.
Until a formal announcement is made, 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.
On August 28, 2018, the SEC announced that a 1:1000 reverse split would take effect with effect from midnight August 28/29, 2018, that the temporary ticker DIGXD would be adopted, and that there would be a formal name change to "Eco Innovation Group, Inc".
On August 29, 2018, OTC Market listings and Level 2 information on broker platforms were amended to reflect the FINRA approved name change to "Eco Innovation Group, Inc".
Within 3 business days, the new company and Transfer Agent had worked expeditiously to deliver the replacement new company shares to brokers.
During the course of the 3rd business day (August 31), the main penny stock broker E*Trade had amended the positions of legacy shareholders and re-enabled the online placement of both buy and sell orders.
The legacy company "Dig-It Underground, Inc" has the current existing companies in its portfolio and previously made the statements below regarding expansion, acquisitions and mergers :
"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.
Legacy company websites:
http://www.expressionschiropractic.com/
http://www.splitendings.com/welcome.html
The Transfer Agent updated the Verified Company Profile in a timely manner at close of business August 31, 2018.
Authorized Shares: 2,100,000,000 as at August 31, 2018
Outstanding Shares: 1,830,613 as at August 31, 2018
Restricted: 208,800 as at August 31, 2018
Unrestricted: 1,621,813 as at August 31, 2018
Held at DTC: 1,440,912 as at August 31, 2018
The share structure was as anticipated - with no dilution.
There has been no dilution in 2017 or in 2018 to date.
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 March 9, 2018
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].
The 2018 Q1 Report was filed on April 25, 2018.
Again the 2018 Q1 results were excellent - confirming that $DIGXD 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 were held as cash at the bank and therefore available for planned brand expansion and acquisitions [rare in the OTC].
2018 Q2 ended on June 30, 2018 and filings are awaited.
DIGXD will be upgraded to OTC Current within 1-2 business days of filing Q2.
$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.
It continued to deliver good returns of up to 100% in the first half of 2018 on a number of mini runs.
It also offered a limited opportunity for traders to add shares to their inventory in the .1 > .3 range (previously .0001 > .0003) on August 28 to be ready for "trading-from-the-bottom-up" opportunities as they present themselves over the coming days, weeks and months.
It was obvious that some of the big traders took advantage of this both on August 28 and with additional buys in the .1 > .2 range on August 31.
Expect PR(s) 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" previously set up in 2017 by the new CEO.
- The reason for the reverse split, long-term price outlook and any uplist plans.
- Ticker change to one matching the new name / business.
- The nature of the new business.
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 "Eco Innovation Group, Inc" 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.
A Certificate of Amendment:for the formation of the new company "Eco Innovation Group, Inc" was filed with NV SOS - a reverse split was not declared.
NV SOS has now also been updated with a company name change to "Eco Innovation Group, Inc".
A Nevada State Business License has been awarded to "Eco Innovation Group, Inc".
It has recently emerged that "Eco Innovation Group, Inc" [DIGXD] was set up by July 27, 2017 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 - either through acquisition by the legacy business "Dig-It Underground, Inc" or a reverse merger.
Until a formal announcement is made, 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.
On August 28, 2018, the SEC announced that a 1:1000 reverse split would take effect with effect from midnight August 28/29, 2018, that the temporary ticker DIGXD would be adopted, and that there would be a formal name change to "Eco Innovation Group, Inc".
On August 29, 2018, OTC Market listings and Level 2 information on broker platforms were amended to reflect the FINRA approved name change to "Eco Innovation Group, Inc".
Within 3 business days, the new company and Transfer Agent had worked expeditiously to deliver the replacement new company shares to brokers.
During the course of the 3rd business day (August 31), the main penny stock broker E*Trade had amended the positions of legacy shareholders and re-enabled the online placement of both buy and sell orders.
The legacy company "Dig-It Underground, Inc" has the current existing companies in its portfolio and previously made the statements below regarding expansion, acquisitions and mergers :
"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.
Legacy company websites:
http://www.expressionschiropractic.com/
http://www.splitendings.com/welcome.html
The Transfer Agent updated the Verified Company Profile in a timely manner at close of business August 31, 2018.
Authorized Shares: 2,100,000,000 as at August 31, 2018
Outstanding Shares: 1,830,613 as at August 31, 2018
Restricted: 208,800 as at August 31, 2018
Unrestricted: 1,621,813 as at August 31, 2018
Held at DTC: 1,440,912 as at August 31, 2018
The share structure was as anticipated - with no dilution.
There has been no dilution in 2017 or in 2018 to date.
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 March 9, 2018
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].
The 2018 Q1 Report was filed on April 25, 2018.
Again the 2018 Q1 results were excellent - confirming that $DIGXD 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 were held as cash at the bank and therefore available for planned brand expansion and acquisitions [rare in the OTC].
2018 Q2 ended on June 30, 2018 and filings are awaited.
DIGXD will be upgraded to OTC Current within 1-2 business days of filing Q2.
$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.
It continued to deliver good returns of up to 100% in the first half of 2018 on a number of mini runs.
It also offered a limited opportunity for traders to add shares to their inventory in the .1 > .3 range (previously .0001 > .0003) on August 28 to be ready for "trading-from-the-bottom-up" opportunities as they present themselves over the coming days, weeks and months.
It was obvious that some of the big traders took advantage of this both on August 28 and with additional buys in the .1 > .2 range on August 31.
Expect PR(s) 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" previously set up in 2017 by the new CEO.
- The reason for the reverse split, long-term price outlook and any uplist plans.
- Ticker change to one matching the new name / business.
- The nature of the new business.
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American EcoFuels Inc (AEFI) Stock Research Links
"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.
