Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) Falling Despite Positive PR

[[tagnumber 0]][[tagnumber 1]]Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) has had a tough time in the past couple of months. The ticker was seen climbing the charts around the middle of the year and reached prices above the $2 per share mark, but things turned south pretty fast and continued in that direction.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]One of the reasons for the negative performance that we have seen in the past couple of months might be the paid promotional effort that helped push the ticker up in the first place. After all the promoters were claiming that [[tagnumber 6]]BLKG[[tagnumber 7]] is a “[[tagnumber 8]]superstar company[[tagnumber 9]]”, while, in the meantime, the balance sheet was telling a whole different story.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $239[[tagnumber 15]] [[tagnumber 14]]total assets: $7 thousand[[tagnumber 15]] [[tagnumber 14]]total liabilities: $20 thousand[[tagnumber 15]] [[tagnumber 14]]revenues: ZERO[[tagnumber 15]] [[tagnumber 14]]net loss: $34 thousand[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those were the numbers back in the end of June 30. Meanwhile, [[tagnumber 6]]BLKG[[tagnumber 7]] has filed a NT 10–Q so we should be able to see their figures for the third quarter soon. Unfortunately, the market isn’t responding very well and the lack of serious news since the beginning of the month has led to a more steep decline in the stock’s price.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday we saw [[tagnumber 6]]BLKG[[tagnumber 7]] lose a hefty 24.96% of its value and close the day with a price of $0.215, more than 90% down from the heights that it reached when it was pumped. The amount of shares that changed their owners during the session came a 528 thousand and generated $107 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session hasn’t started very well, despite yesterday’s update. The ticker has already reached a price of 20 cents per share and might very well sink deeper, so doing your due diligence and weighing out the risks before making any trades is absolutely crucial.[[tagnumber 2]]