Trading for only half of the session on Tuesday before calling it a day, the penny stock of Digital Caddies, Inc. (CADY) drew a massive crowd that all seemed to go eat together. CADY stock set a record for volume traded despite only playing the front 9 of Tuesday’s session with the last trade of he day having been executed shortly after noon EST. Considering Paulson Investments just dropped $2.7 million into the providers of a tablet-based navigation and content platform to golf courses for use on their golf carts, one must wonder if the 52Wk high might have been tested had the whole 18 holes been played yesterday.
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CADY Stock Quote
Market Cap: 14.70M
Last: 0.319 ▲ +0.079 (+32.92%)
Volume: 2,028,477
Dollar Volume: $606,830
Open: 0.27
High: 0.33
Low: 0.27
Trades: 605
Authorized: 225,000,000
Issued and Outstanding: 69,168,619
14-Day Rel Strength: 81.62%
1st Resistance Point: 0.3427
1st Support Level: 0.2827
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Although Digital Caddies has yet to file their annual report for the fiscal year ended January 31, 2014, the $2.7 million cash injection from Paulson Investments might just match the companies annual revenues when they report. Per their last filing for the 3 and 9 months ended October 31, 2013, revenues for the 9 months, $1,406,388, had nearly tripled what they were for the same period the year prior ($517,468).
Digital Caddies has a unique, niche market which they operate in and their deal to provide their tablet-based, interactive network on golf courses called The Players Network should bring in some bigger revenue numbers in this fiscal year. Once the service is installed in a golf course, it offers national and local advertisers the ability to not only reach, but also to intimately engage with one of the most attractive and sought after demographic segments — the golfer.
Prior to Tuesday, CADY stock had only seen volume exceed 1.5 million shares traded on 2 occasions since the ticker began trading back n 2012. Shockingly, the unusual volume on CADY all ended right around the time when the entire east coast of the U.S. was sitting down to order lunch and didn’t trade a single share afterwards.
It very well could be that the spike in volume was caused due to the deal Digital Caddies and Paulson Investments struck which called for 4 shares of CADY stock and 2 common stock purchase warrants, exercisable for 1 share of CADY at $0.40 per share with a 5 year term. The discounted price of 0.80 per unit of the described deal not only has Paulson already in the black on it, but has some fresh eyes now looking to see what The Players Network is all about.
About CADY Stock
Digital Caddies, Inc., a golf-centric development stage technology and information dissemination company founded in 2003, provides an easy-to-use, tablet-based technology platform installs on golf cars and connects to the web through a nationwide high-speed wireless network.
Click here to view the financial filings for CADY.
Click here to view the website for Digital Caddies.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 04/08/14 | 0.2700 | 0.3300 | 0.2700 | 0.3190 | +0.0790 | +32.92% | 2,028,400 |
| 04/07/14 | 0.2300 | 0.2400 | 0.2102 | 0.2400 | +0.0100 | +4.35% | 119,000 |
| 04/04/14 | 0.2324 | 0.2324 | 0.2100 | 0.2300 | -0.0030 | -1.29% | 71,300 |
| 04/03/14 | 0.2180 | 0.2330 | 0.2100 | 0.2330 | +0.0250 | +12.02% | 120,000 |
| 04/02/14 | 0.2100 | 0.2100 | 0.1901 | 0.2080 | +0.0080 | +4.00% | 42,700 |
Bottom Line:
In my own right, I am a golf fanatic and have already used the Digital Caddies tablet service at a recent visit to a golf course which has me a bit biased towards CADY stock. However, since penny stock traders are sure to have seen the unusual volume on CADY yesterday, the tee off today will tell whether or not the crowd should gather around for a chance to drive it long or take the mulligan and go back to getting smoked on dope stocks.
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