Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) Trying To Stabilize Around $1.50

[[tagnumber 0]][[tagnumber 1]]Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) has seen a lot of action lately and it has shown us that it can be quite volatile. It first began to ascend the charts back in the end of June and reached heights of $2.28 per share in the middle of this month before going on a steep downward slide that obliterated a little over 50% of its value in the course of just four trading sessions.[[tagnumber 2]] [[tagnumber 0]]This happened after the daily volumes suddenly started to grow very fast due to the ongoing paid promotional campaign. Pumper outfit Wall Street Report was promoting [[tagnumber 4]]BLKG[[tagnumber 5]] for quite some time and had set a price of $3 per share for the near future after being compensated $50 thousand for the effort by Pansino Investments.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The fact is that, [[tagnumber 4]]BLKG[[tagnumber 5]] is overpriced even if it was trading for $1 per pop, let alone $3. Simply, there is absolutely nothing contained in the company‘s financial reports that suggests the ticker should have such market valuation. Here is a quick example of what you can find in [[tagnumber 4]]BLKG‘s [[tagnumber 5]]report for the quarter ended June 30.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $239!!![[tagnumber 19]] [[tagnumber 18]]total assets: $7 thousand[[tagnumber 19]] [[tagnumber 18]]total liabilities: $20 thousand[[tagnumber 19]] [[tagnumber 18]]revenues: ZERO (since inception)[[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $34 thousand[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite these horrible financials we saw [[tagnumber 4]]BLKG[[tagnumber 5]] recover from its terrible crash in the middle of the month and log in a few sessions in the green before beginning to descend down the charts again. And while the company was blatantly promoted we saw very little news from [[tagnumber 4]]BLKG[[tagnumber 5]] HQ. This, however, didn‘t seem to stop the ticker from finishing last week green after adding 6.64% to its value as it went on to close at $1.525 per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Even at that mark [[tagnumber 4]]BLKG‘s[[tagnumber 5]] market cap is heavily inflated to $66 million, a sum that is hardly backed by anything you can see in the company‘s books. Considering the paid promotion, the bad financials and the lack of any solid news coming from company HQ we think that [[tagnumber 4]]BLKG[[tagnumber 5]] might correct more severely in the future, so be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]