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The future of Radiant Creations Group Inc (OTCBB:RCGP) does not look so radiant and its stock performance on Tuesday conveyed the same message. The company reported nothing new since January except its financials. But still, the stock rallied despite the lack of information or any other update. The hype around the stock is hence driven by speculations and is short-lived.

State of financial affairs

The financial picture of Radiant Creations Group Inc (OTCBB:RCGP) is poor too as the company holds a cash balance of just $4,000. Its current assets are $491,000 while current liabilities amount to $1.7 million. The company’s revenues stood at $69,000 while its net loss reads $1.4 million. The absence of positive progress around the company does point out to the threat that its stock could fall back to triple zero levels in a matter of moments. It should be noted that the stock took a way more time to even touch a penny threshold. Moreover, the structure of Radiant Creations Group Inc (OTCBB:RCGP) is questionable.

Share structure

As per the profile of the company available on OTC Markets, its outstanding shares as on October 20, 2014 is said to be 36.2 million. However, the company’s average volume of 30 million shares on certain days leads to doubts over the accuracy of its share structure. Also, investors should not forget that the company has recently increased the number of its authorized shares to 900 million, which again does not validate the share composition of the company.

Investors are familiar with the fact that no company could survive long without announcing new projects, developments or any tangible information that meet a stockholder’s objective. Thus, the perception about Radiant Creations Group Inc (OTCBB:RCGP) is a bit cloudy as its stock tanked by over 41% to $0.00410 yesterday, while it recorded an average volume of 8.32 million shares.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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