Indo Global Exchange(s) PteLtd (OTCMKTS:IGEX) Trying To Regain Lost Value

[[tagnumber 0]][[tagnumber 1]]Indo Global Exchange(s) PteLtd (OTCMKTS:IGEX) was nearing rock bottom the beginning of last month. By the middle of July we saw the ticker slowly begin to climb and the daily volumes also increased significantly.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The upward movement was rather strange because the only news coming from the company were concerning the fact that the latest quarterly report of the company cannot be relied upon and was not authorized for filing by the [[tagnumber 6]]IGEX’s[[tagnumber 7]] accountant, TAAD LLP. We sure hope that the numbers look better than those that were published, as they were quite terrifying.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $642[[tagnumber 13]] [[tagnumber 12]]total company assets: $7 thousand[[tagnumber 13]] [[tagnumber 12]]total liabilities: $531 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $10 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $3.6 MILLION[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering these numbers and the lack of press releases from company HQ it wasn’t surprising that [[tagnumber 6]]IGEX[[tagnumber 7]] began to slide by the end of the month. What’s interesting, however, is that it showed resistance.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Strangely enough the ticker began to climb once again, but this time it was harder and while [[tagnumber 6]]IGEX[[tagnumber 7]] was regaining lost value it was still having some hiccups and finished some sessions in the red. After a fluff PR from yesterday we saw the ticker gain 12.27% in value and trade more than 38 million shares that generated $109 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see a bit of hesitation in today’s trading and [[tagnumber 6]]IGEX[[tagnumber 7]] is currently nesting at $0.0024. For now it seems like the company stock has stabilized, but nothing is for certain. Be sure to do your due diligence before making any trades.[[tagnumber 2]]