Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) Gets Another Black Eye

Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) stumbled 11.32% in yesterday’s session on a heavy 815 thousand dollar volume.

A claim from any investor worth his salt that this most recent fall was unexpected can mean one of two things. Either he hasn’t done any due diligence on BLKG whatsoever and therefore doesn’t have a clue as to how sad the company’s situation actually looks, or he is lying.

And, suffice to say BLKG‘s current state, as revealed by its latest financial report for the period ended June 30, 2015 is pitiful indeed:

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

In spite of what the pumpers e-mails and landing pages claim, the reality is that BLKG‘s state looks grim indeed. The fact that said pumpers were to be compensated with $150 thousand speaks volumes in and of itself.

And so does the fact that two years ago, the company sold almost 20 MILLION shares of its common stock for $49 thousand.

Of course, all of this does not mean that there is no money to be made from BLKG. On the contrary – the opportunity for profit may well present itself to enterprising traders once more. After all, if the pumpers were really paid $150 thousand, it is doubtful that they’re done touting.

However, investors should really take all the grizzly details into consideration when making up their mind about BLKG stock, and act with the care that the current situation is due.