Borislav Tonev

Nudg Media Inc (OTCMKTS:NDDG) Gets a Volume Spike

by Borislav Tonev August 12, 2014

The public company that we now know as Nudg Media Inc (OTCMKTS:NDDG, NDDG message board) started off back in December 2011 when the SEC approved their prospectus which was filed with the help of Thomas E. Puzzo, Esq (the same person has also aided companies like Apptigo International Inc (OTCBB:APPG) and Rainbow International Corp (OTCMKTS:RNBI) list their stocks on the OTC Markets). Many things have happened since then.

As you can see from the S-1, NDDG which was then known as Auto Home Lock, Inc. (ticker symbol AHLK), wanted to sell 2 million shares at $0.03 a piece. They only sold 168,000 shares and in the process they raised $5,040 (just 8.4% of what they originally wanted to get). Nevertheless, they pressed on and tried to get the ball rolling.

Unfortunately, the automatic home locking system never really took off and the stock generated no volume which meant that they had to look for other ways of keeping the shareholders happy. In April 2013, a reverse merger was closed, the name was changed to Eclipse Identity (ticker symbol EIRC) and the company said that its new business plan involves the selling of video analytics technologies within the security industry. There was a 1,000 for 1 stock split and some changes to the management team were made, but once again, the market didn't respond to the business plan and trading was virtually non-existent. The company itself was not doing particularly well and on January 31, 2014, the agreement was unwound, all the shares issued pursuant to it were canceled, and some new people took the helm.

February came and it was time for the next change in the name, business plan, and management team. The new ticker became effective in March and after they signed a licensing agreement in April, NDDG officially entered the social network business.

Now, it would appear that some investors are finally paying attention. Yesterday, the stock slipped and fell by around 8% which is hardly good news, but on the bright side, 1.2 million shares changed hands which could suggest that NDDG might finally be waking up from its hibernation. The stock closed the first session of the week at $0.55 per share.

At this point, you're probably wondering: “Why did we go through all the trouble of presenting NDDG's history in so much detail?”.

Remember the 168,000 shares that were sold at $0.03 a piece back in 2012?

Thanks to the 1,000 for 1 split from April 2013, the investors who got them could now be holding on to 168,000,000 shares of NDDG common stock for which they paid just $5,040. If there is a paid promotion and an increase in the trading volumes, the said investors could book some serious profits. Will this happen? We'll leave it up to you to weigh the odds.

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