Alternative Energy Partners, Inc. (OTCMKTS:AEGY) Rocks Along with SK3 Group, Inc. (OTCMKTS:SKTO)
These last days, the markets are excited about Alternative Energy Partners, Inc. (OTCMKTS:AEGY), but the excitement goes both ways, with large buying and selling volumes. Lacking a clear promotion, AEGY relies on the interest surrounding its forays into the medical marijuana market. On Wednesday, the ticker slid more than 29% to$0.0019, a price which allows significant daily movements to realize fast gains. 
It seems SK3 Group, Inc. (OTCMKTS:SKTO) has taken the helm of the AEGY fame, and the latest press releases come apparently from the original medical marijuana business. The latest news attempts to attract investors with a large stock dividend, 100 million shares to be distributed soon. This is a significant increase to the 290 million shares currently outstanding, and the relatively small free float of 34 million. With such an underpriced stock, so many shares flooding the market would make AEGY a real adventure, with the potential for more investors to join the trading at double-zero levels. In the past week or so, daily volumes easily reach 150 million shares. 
Fundamentally, AEGY is hardly well-heeled, and relies mostly on the future promise of the cannabis industry and related tasks and technologies. Its latest report shows:
- $495 cash
- $592,162 current liabilities
- $391 revenues
- $451,814 quarterly net loss
- $7.7 million net loss to date
But the successes of AEGY hardly translate for SKTO. The company is trading on much lower volumes, quite depleted as a result of promotions that left the ticker hanging at an unsustainable level. SKTO slid from about 60 cents at the end of April to 26 cents.
With a small free float and a price lower than $500,000, AEGY is ripe to be picked by promoters. We may expect this to coincide with the day of the stock dividend. It is also probable that AEGY will continue with robust volumes in the coming days and even weeks, supported by sentiment and the occasional press release. But even then, a double-zero stock is best approached if you are certain you can afford the inevitable losses.
