The newly created penny stock of New China Global, Inc. (NCGI) is set to unveil it’s trapdoor this morning, allowing all those willing to take the plunge one step closer to lowering their capital taxes. Set up as a custom research, translation, and editing services firm, NCGI stock has been firmly stuck between 0.20 and 0.25 since being reactivated after the 100-for-1 reverse split in October. If there even is a niche in China, inventors of the abacus, to better educate children in the elementary subjects like math, today’s exercise should teach traders to avoid RDI picks.
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NCGI Stock Quote
Market Cap: 20.61M
Last: 0.225 ▲ +0.0269 (+13.58%)
Dollar Volume: $81,031
Issued and Outstanding: 91,587,093
14-Day Rel Strength: 48.43%
1st Resistance Point: 0.2484
1st Support Level: 0.2032
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New China Global, Inc. took over the shell corp of HelixSphere Technologies Inc. (HLIX) right after their Q3 filing. Prior to the name change and reverse stock split, HelixSphere survived on $0 cash, $375,000 worth of what they carried as “capital assets” and had liabilities worth $61,135, more than half of which was due to a related party. Within the filings, there is no indication of what transpired to change to New China Global which leaves some doubt as to what the true share structure is now.
As for New China Global, if their website indicates any reference as to how their business model will work, the future looks bleak unless you’re a big fan of having all of your text aligned to the center. Without much information available on their website except some vanilla explanations about what they do (or claim to do), Cohen and his Research Driven Investment alerts on NCGI stock have a array of reasons why this will be the greatest translation and customized education company on the planet.
The best news out on NCGI came from the Company’s legal counsel, Ken Bart of Bart and Associates, LLC. According to his sign off, “there is no officer, director, 5% holder, or counsel currently under investigation by any federal or state regulatory agency for any violation of federal or states securities laws.” Phew, what a relief. Now if you can just lose enough money playing NCGI stock today, you can lower the gains you already made on all the marijuana stocks this year.
About NCGI Stock
New China Global, Inc. is a development stage company focused on becoming an educational services provider specializing in research, translation services and editing assistance.
Like GEQU, NCGI is a penny stock you’ll be better off avoiding unless you live for the gap open and enjoy hoping it gets filled. With most of the OTC trading audience hip to the poor performances which have come from RDI after a freebie alert of a dead, low float ticker, NCGI stock has as good a chance of making early buyers a profit as they do in sending a representative to the next United Nations meeting to be a translator.
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