Black Stallion Oil and Gas Inc. (OTCMKTS:BLKG) Comes Crashing Down

Black Stallion Oil and Gas Inc. (OTCMKTS:BLKG) lost 8.74% of its market value yesterday, once more ending up below the dollar mark.

Truth be told, this crash is hardly surprising. In fact, one may go as far as to say that no crash would be surprising when it comes to BLKG, and that the only real surprise is that the ticker has managed to remain as high as it is on the charts up until now.

True, it is now crashing after Wall Street Report’s paid pump turned sour. However, that does not change the fact that the company’s market cap, even after the crash, is as high as $41.2 MILLION.

Suffice it to say that that’s ridiculously high, for a company, whose latest financial report looked like this:

• Cash – $239 (NUMBER NOT IN THOUSANDS)
• Current assets – $7 thousand
• Current liabilities – $20 thousand
• NO REVENUES EVER!
• Quarterly net loss – $34 thousand

Once some due diligence is done it becomes obvious that the only force currently driving BLKG up was the paid pump targeting it. Now that that’s gone bad, there’s nothing to halt, or even slow, BLKG‘s descent to the bottom of the charts.

Of course, there’s no telling if the ticker will take the long or the short way down – it may well make a dead cat bounce or two along the way. Opportunistic investors may want to watch out for those, as if they happen they will surely present said traders with opportunities for profit.

However, all investors should keep in mind that as it is, the forces that drag the ticker down are powerful and inexorable.

This is why it would probably not be unreasonable to expect BLKG to drop as far as a dime or a nickel when the market is done correcting its share prices.