Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) Pump Still Pushing The Ticker
[[tagnumber 0]][[tagnumber 1]]Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) has gained the investor attention recently for all the wrong reasons. The company stock has been the target of a paid promotional campaign that has managed to push its price to unsustainable heights.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After the ticker reached a price per share of more than $2 we saw it plunge and lose a massive amount of value over the course of just four sessions. Since then, however, the promotional efforts have been able to provide with another upward run, despite the fact that [[tagnumber 6]]BLKG[[tagnumber 7]] has some pretty terrible numbers to show in its report for the second quarter of the year that was filed just last week.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $239 (yes, that’s just two hundred and thirty–nine dollars U.S. dollars)[[tagnumber 13]] [[tagnumber 12]]total assets: $7 thousand[[tagnumber 13]] [[tagnumber 12]]revenues: ZERO (since inception)[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $34 thousand[[tagnumber 13]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And yet, with all these horrible numbers [[tagnumber 6]]BLKG[[tagnumber 7]] commands a market cap upward of $70 million, due to the fact that it is being heavily promoted. After some more emails were sent yesterday and a press release made by the Daily Stock Reporter an entity owned by EGM Firm Inc, a notaries pump outlet that we have seen a lot of lately, [[tagnumber 6]]BLKG[[tagnumber 7]] climbed another 25.53% yesterday and finished the first session of the week with a price of $1.77 per share and $1.65 million in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Overall, [[tagnumber 6]]BLKG[[tagnumber 7]] is nothing more than your horrible, over–inflated penny–stock that relies solely on paid promoters in order to boost trading and price. Due to this fact we consider the company stock to be highly risky and urge you to do your due diligence and weigh out the risk before putting any money on the line.[[tagnumber 2]]
