Black Stallion Oil and Gas (OTCMKTS:BLKG) Pump Attempts Another Move
After a spectacular trundle down the charts that shaved 55% from the inflated share price of Black Stallion Oil and Gas (OTCMKTS:BLKG), yesterday the stock made another push up the charts, assisted by a new paid pump email.
The stock ended up 16% in the green yesterday, stopping at $1.23 by the closing bell. This move was assisted by yet another Wall Street Report promo email that referred to the ugly 55% crash as a “pullback”. The email’s disclaimer lists compensation of $100,000 and considering the promoters will be pocketing this money, they can promise their subscribers just about anything, including an imagined massive bounce for BLKG.
The company put up its due quarterly report for the three months ended June 2015 and the figures contained in it were enough to shoot to pieces what little credibility the paid promoters had. Here is what BLKG had to show for itself as of June 30:
- $239 in cash (two hundred and thirty-nine US dollars)
- $4 thousand in total tangible assets
- ZERO revenues since inception
- $34 thousand in quarterly net loss
Investors should decide on their own whether a company that does not have enough cash in the bank to hire a birthday party clown can pull off its ambitions land exploration program.
For those who still think BLKG is not a pump job, there is the bunch of paid emails Wall Street Report sent out, as well as the landing page WSR set up on their website, dedicated specifically to promoting BLKG stock and giving it ludicrous price targets of over $40.
Whether the promoters can muster another push up the chart remains to be seen.
