Golden Edge Entertainment Inc (OTCMKTS:GDEE) Hits The OTC

Not much is known about Golden Edge Entertainment Inc (OTCMKTS:GDEE). However, it's quickly turned into a volume leader and price mover on the OTC Markets. Shares have really taken off from the $.25 per share support base. This comes as a flurry of promo emails have hit many investor's inboxes as this former pump from Elite takes off again.Golden Edge Entertainment made waves last August when it was first promoted by Elite. For those that are not familiar with Elite, they were the most powerful newsletter group on the OTC markets. Their websites included finestpennystocks.com, smartstockchoices.com, smartstockwinners.com, BestAmericanStocks.com, and many others. What made Elite so powerful is that they had a massive database of names and followers. They even have other newsletters following their picks and then trying to pass off Elite picks as their own. Elite would blast their list several times a day trying to get as many buyers into their stocks as possible.Elite has left a trail of victims that only the Wolf of Wall Street can admire. Their last picks have been Broke Out Inc (OTCMKTS:BRKO), Cloudweb Inc (OTCMKTS:CLOW), AgriEuro Corp (OTCMKTS:EURI), America Resources Exploration (OTCMKTS:AREN), and Midwest Oil & Gas Inc (OTCMKTS:MWGO). Here’s a quick recap. BRKO got halted. EURI, AREN, CLOW and MWOG all left investors holding the bag.Last August, an article on Seeking Alpha had this to say about GDEE:

Golden Edge Entertainment (OTCPK:GDEE) is a name that I believe is currently the target of a penny stock promotion scheme. It is my view that the stock's intrinsic value is somewhere near $0, and it is with conviction that I recommend that any investors currently in the name sell the entirety of their stake immediately. I believe that Golden Edge Entertainment is a stock definitely worth shorting. My track record of identifying and publicly exposing such highly overvalued equities is excellent.

The latest news from GDEE doesn't say much. The company looks to be launching a new subsidiary called Big Data Media. The press release said:

Our executive management team is pleased to announce the launch of BIG DATA MEDIA, a new subsidiary to Golden Edge Entertainment Inc. that will focus on the continuous growth and popularity of Streaming Media. Digital Media Streaming has the ability to attract and interact with hundreds of thousands of people at a fraction of the cost, compared to traditional media delivery. This new delivery system has disrupted the classic broadcasting business model. Big Data Media plans to begin broadcasting by streaming events that focus on education, entertainment and branding. The company will implement technology through in-house development, external acquisitions, and strategic partnerships. Big Data Media's social media integration model will be designed to drive consumer engagement and interactivity on multiple platforms. The strategy is to utilize sophisticated analytic tools to mine consumer data from mobile applications, social media and event participators. By pulling a targeted audience to the content, the company plans to maximize viewership revenue opportunities.

Currently trading with a market cap of $24 million, GDEE has no revenues, a history of losses, $6,792 in total assets, and $90,592 in total liabilities. However, the biggest problem with GDEE is the 4.5 million warrants from last year that can be converted into common stock at $.05 per share. No doubt some of these warrants were converted and sold into last year's promo, but there's probably still a good deal left and why another promo is taking place. We urge caution with GDEE and urge investors to trade this one and not get left holding the bag! We will be updating Insider Financial as soon as we know more. For continuing coverage on GDEE, sign up for our free newsletter today and get a free ebook as an added bonus!Disclosure: We have no position in GDEE and have not been compensated for this article.