Radiant Creations Group Inc (OTCBB:RCGP) has widely been regarded as one of those companies that should not be invested in. Some of the investors have put aside the concerns of experts and fell for the hype created by the company. There has been a significant rise in the stock value of the company, with the only reason being flow of investment from the market. The company had been stuck at the triple zero mark for a very long time, but recent investments helped the share make a number of jumps.
The rise in the stock price may seem like a good sign for the penny traders, but it is not expected to last long. According to the experts, the financial report of the company and lack of news about any developments is a bad sign. It may be assumed that the company is going in substantial loss and may eventually end bankrupt. The financial report indicated cash of $4 thousand and a net loss of $1.4 million.
It is mainly up to the company to change its fortunes by making some good decisions. This amount alone is more than what the company has had available in cash. Investing it in the right products and services may give the company an extended run to finally sort things out.
It has been a long and rough year for the company, especially the quarter ending as of November 2014. The CEO of the company predicted generation of $1.9 million in revenues, but the financial report for the same quarter indicated just about $70 thousand from revenues.
The company recently made the right call to increase its authorized shares by $900 million, which has given it the benefit to get more from the investors. It is all now just a waiting game, to see if the company releases any news about latest projects that might help the company financially.
