September 28, 2021 Paid Promo Alert & an Update from Last week's Promotion
Paid Promotion in $RGDCF ; Updated Paid Promotion in Medigus Ltd $MDGS today
Writing about ongoing paid promotions will be one of my new focuses with my Substack Newsletter. Paid stock promotions have been an area of interest of mine going back a number of years and I am excited to write about them in near real time. The plan is to launch the paid option starting next week. I will be writing about the paid promotions in almost real time, patent portfolio holdings for investments and short/long term investing & trade ideas. I have built a watchlist and alert list from all of the paid promotions, which I believe a weekly summary of recent news from prior paid promotions might worth be reading and updating.
Today, on September 28, 2021 I received undisclosed party compensated promotion emails on Patriot Battery Metals Inc. $RGDCF. An undisclosed party, paid Broad Street Alerts / Traders News Source (I believe they are the same company) $25,000 cash through a bank wire for one week’s coverage. Below is the headline of the email:
Disclosure
Microcap Daily published a paid $10,000 promotion email letter last week on September 21, 2021.
Disclosure:
$RGDCF is a Canadian mineral exploration company incorporated in 2007. The company used to be named Gaia Metals corporation. $RGDCF has properties in British Columbia, the Northwest Territories, Quebec, and Idaho. I am not an expert in mining or metals recovery so I do not have a technical analysis of the prospects of the company. The Balance Sheet and Income Statements look pretty straight forward. The total market capitalization of $RGDCF is a little under $19M.
$RGDCF was refunded through the below transaction completed on June 30, 2021. The company issued 23,182,000 shares at $.16 per share, for proceeds of $3,709,120 and also included a full warrant at $.25 per share, which are now nicely in the money with the stock trading at $.60.
The company also has one of the strangest disclosures that I have seen. I am really curious of the identity of the party who is going to receive $1.5M in an 18 month contract for “marketing services” and another party receiving $50,000 for a six month social media management services contract.
Volume has increased dramatically since the promotion started:
Looking at the 3 month stock chart, the stock promotion is working very well with shares increasing from around $.30 per share on September 14 to today’s closing price of $.61
My educated guess is the paid promotion is being conducted in order to get liquidity for the warrant holders to be able to exercise and have the ability to sell the new shares into the market for a nice gain.
Sources:
Interim Consolidated Financials ending June 30, 2021
MANAGEMENT’S DISCUSSION AND ANALYSIS ending June 30, 2021
Update on $MDGS Paid Promotion:
Stock Sumo / Blue Horseshoe Stocks issued a “fresh alert” on last week’s paid promotion subject $MDGS. The promoters received 30,000 rule 144 restricted shares of MDGS for a two month awareness campaign. With the stock at $1.58 per share it works out to over $47,000 if the price levels here are able to hold until the shares can be cleared:
Disclosure: I have no position in Patriot Battery Metals $RGDCF or Medigus $MDGS long or short and was not paid to write this article by anyone.