Starting on May 30th, Drone Guarder (DRNG) started trading with good volume. It is being promoted via emails and a landing page at wallstreetblaze.com/drng/index.html There are 30 million unrestricted shares that can potentially be dumped into this stock promotion while 102 million shares are restricted (data from OTCMarkets.com). This is starting to look pretty interesting as a potential short although the stock looks tightly controlled / manipulated.
Under the company’s previous ticker VOPA it was first promoted back in November 2016.
As of the company’s most recent 10-Q, filed on June 8, 2017, the company reported total assets of $40,111 and no revenues for the most recent quarter.
Disclosed budget: $300,000
Promoter: Wall Street Blaze
Paying party: Optimal Access Pte LTD
Shares outstanding: 26,805,270
Previous closing price: $1.19
Market capitalization: $158 million
Disclaimer (emphasis added by me):
Disclaimer: DO NOT BASE ANY INVESTMENT DECISIONS UPON ANY MATERIAL FOUND IN THIS REPORT. This publication is distributed free of charge and does not purport to provide an analysis of a company’s financial position. The information contained herein has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company, including Drone Guarder (DRNG). DRNG’s financial position and all other information regarding DRNG should be verified with the company. An individual should not invest in the securities of DRNG based solely on information contained in this advertisement. Information about many publicly traded companies, including DRNG and other investor resources can be found at the Securities and Exchange Commission’s website: www.sec.gov. Investing in securities is highly speculative and carries significant risk. It is recommended that any investment in any security should be made only after consulting with your investment advisor and only after reviewing all publicly available information, including the statements of the company. This mailing piece is not intended to be, nor should it be construed as, an offer to sell or a solicitation of an offer to buy securities, nor should it be construed as the provision of any investment related advice or services tailored to any particular individual’s financial situation or investment objective(s). Wall Street Blaze is a publisher of general and regular circulations offering impersonalized investment-related research to readers and/or prospective readers and is not an investment advisor or broker/dealer registered with either the U.S Securities and Exchange Commission (SEC) or with any state securities regulatory authorities. Wall Street Blaze is neither licensed nor qualified to provide financial advice. As such, it relies upon the “publisher’s exclusion” as provided under Section 202(a)(11) of the Investment Advisors Act of 1940 and corresponding state securities laws. Investing in companies like DRNG carries a high degree of risk. Do not invest in this company unless you can afford to possibly lose your entire investment. The “Company” featured herein appears as paid advertising, paid by a third party (Optimal Access Pte LTD) to provide public awareness for DRNG. The publisher, Wall Street Blaze, understands that in an effort to enhance public awareness of DRNG and its securities through the distribution of this mail and online advertisement, Optimal Access Pte LTD paid all of the costs associated with creating and distribution of this advertisement. The publisher was paid the sum of five thousand dollars for its contributions. The marketing vendors will be managing a total budget of three hundred thousand dollars, provided by Optimal Access Pte LTD for all online advertising and marketing efforts and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses, as a fee for its services. If successful, the advertisement will increase investor and market awareness, which may result in increased numbers of shareholders owning and trading the common stock of DRNG, increase trading volumes, and possibly increased share price of the common stock of DRNG. The publisher has not undertaken to determine if Optimal Access Pte LTD is, or intends to be, directly or indirectly, a shareholder of DRNG. This publication is based exclusively on information generally available to the public and does not contain any material, non-public information. The information on which it is based is believed to be reliable; nevertheless, the publisher cannot guarantee the accuracy or completeness of the information. The information contained herein contain forward-looking information within the meaning of section 27a of the Securities Act and section 21e of the Securities Exchange Act including statements regarding expected growth of The Company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, the publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results of operations. 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