Black Dragon Resource (BDGR) Stock Soars 50%: Here is Why

Black Dragon Resource (OTCMKTS:BDGR) gave several updates to shareholders on latest developments as well as the “record date” for dividend. The company and its parent have been upgraded to OTCPK.

The firm had some compliance requirements completed ensuring that the two companies file with FINRA on “corporate action” named “dividend”. With plans of record date being July 30 for Dividend to PRPM and Sept 15 for BDGR shareholders, shareholders will receive dividends through “registered NFT”.

The firm and its attorneys aim to file S1 for registration as well as a corporate action request with FINRA to ensure achieving things as per the planned timeline. This is expected to boost the company’s image in the upcoming fall season. Currently, the ratio of dividend is 2 BDGR shares for every 1 PRPM share.

Edward Vakser expressed confidence and excitement on achieving the goals as he feels comfortable on implementing filings with regulatory agencies to meet compliance needs. He said that despite new rules, the firm has ample time to file and re-directing its “audit consulting group” for commencing updates on corporate Disclosures as well as audit to ensure the firm moves higher on trading tier on OTC Markets. Black Dragon aims at becoming a “fully reporting filer” for its desire to list on NASDAQ.

Market Reaction:

As of 1:32, BDGR stock soared 50% at $0.0006 with more than 3.42 billion shares, compared to its average volume of 253.46 million shares. The stock had moved within a range of $0.0004 – 0.0007after opening the trade at $0.0005. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0034.

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