Alternative Energy Partners, Inc. (OTCBB:AEGY) Makes a Splash on Jet Life Email
The pot-stock sector is a tide lifting all ships, and now we are adding a rock-bottom stock that is spiking in the short term. Alternative Energy Partners, Inc. (OTCBB:AEGY) reached $0.0028 after growing by 115% on Friday, and may see further gains as markets open. AEGY was taken up by three pumpers during the weekend: High Rising Stocks, JetLife and Epic Stocks, and the ticker is advertized as a breakout opportunity due to its low price. The emails are zero-compensation messages, used to boost the record of pumpers. 
AEGY has been mostly flat in the longer term, since 2012 hovering below the penny, with temporary revivals. But the beginning of the new year shows a momentum in buying volumes that is unprecedented in the history of the company. The sudden increased interest may boost the stock, but there is also danger that some of the buyers may be in a hurry to realize their profits. 
AEGY has not been active much with PR noise, as with other green energy companies, but at the end of last year became more consistent with filings. The financial results reveal:
- Zero cash
- $2.4 million total current liabilities
- No revenues
- $3.6 million net loss
AEGY describes itself as a development-stage company concerned with offering online ordering and payment services for the medical marijuana sector. So far, such an auxiliary activity has not brought the company much success- but let’s not forget that AEGY styled itself a medical marijuana business at the end of last year, as many other small companies were doing the same. That, of course, would explain the sudden investors’ interest.
AEGY, despite the low price, did not match other tickers which tripled in just days. Instead, this selection managed to grow five times in the past few weeks, with Friday’s volumes the strongest so far, as 750 million shares were mopped up.
Despite the excitement, rock-bottom pot stocks are not generally doing well. Latteno Foods Corp. (OTCMKTS:LATF) has turned to triple-zeroes again, after a slow slide, and volumes have dropped significantly. The selection was enjoyed for the fast rising chance, but now looks abandoned by investors.
If you are looking for another active low-priced selection, Klean Gas Energy Technologies, Inc. (OTCMKTS:KGET) is seeking direction now, settled at $0.019 at the end of last week- a way more respectable price compared to AEGY, yet still shaky enough for big swings up or down.
AEGY is even worse when it comes to red flags, with an outrageous 2.6 billion shares outstanding, and a further 3.5 billion authorized. Compared to those, an insider beneficial ownership of 40 million shares looks miniscule. It is best to further research the opportunity and avoid devoting unaffordable investments to this newcomer.
