Golden Age Resources, Inc. (OTCMK:GDAR) A Blimp On The Radar
Golden Age Resources, Inc. (OTCMK:GDAR) has shown signs of life during the last month. The press release on the 9th of January has woken the stocks from long hibernation. The announcement read that GDAR will be aquaring Office VP, Inc., (a privately owned company). Mr. Steen, President and CEO of Golden Age Resources, Inc. commented over how extremely pleased he is with this emerging company as a global leader in online marketing tools to be affiliating with GDAR.
GDAR doesn’t intent to stop the momentum of there stock price here. About a week later a live broadcast was made by the CEO further more explaining what wonderful potential this affiliation with Office VP would bring, and pointed out the direction the company would be heading towards is mobile devices.
The big story jumped out on the 21st of January quoting “Office VP, Inc., Wholly Owned Subsidiary of Golden Age Resources, Inc., Releases Its New Direct Sellers Platform – “EZDESK””. With this new product out GDAR is trying to prove, that they are to be taken serious. They predict user base increase to be 500,000 over the next 36 months with annual expected revenues of $9,500,000.
And why stop there.?! Just yesterday the promoters kicked in, trying to pump the price further more. With a compensation of 7 500 $ for the promoter, and with news just in that another promotion for 9500 $ has just started. No free lunch was given on this day. Premiere alerts has a quite long track record of pumping stocks, only this month they have promoted 4 other companies. After analyzing all the promotions that Premiere alerts have transmitted it is safe to say that traders have barely taken any notice to these companies such as Inscor, Inc. Corporation (OTCMK:IOGA) and Nuvilex, Inc. (OTCMK:NVLX) so with GDAR.
After all this pandemonium the results are mixed. For the past 9 trading days (since January 9th) the volume of stock traded was a mere 50 thousand dollars. The ticker on the other hand has reached $0.15 per share from just below $0.09 per share, resolving more then a 50% increase in value. An hour in trading today and stock is up 10%. We will follow on the company’s stock through out the day.
The report for the quarterly period ended Nov. 30, 2013 contains the following figures:
- cash: $16 thousand
- current assets: $1 million
- current liabilities: $ 731,000
- revenue: $71 thousand
- quarterly net loss: $31 thousand
By these results the future doesn’t look so good for the company, the only question is will GDAR sleep off the rest of the year again or will it finally wake up.
