Black Stallion Oil and Gas (OTCMKTS:BLKG) Pump Still Kicking
In Friday’s session Black Stallion Oil and Gas (OTCMKTS:BLKG) managed to push 14% up and close at $1.41 per share. The pump targeting the ticker is still doing its job, it seems, with another email sent on Friday.
Wall Street Report – the promoter party that has been touting BLKG for a while now, sent another paid pump email on Friday, reassuring everyone that things are getting back on track and that BLKG will surely go over $2 per share once again.
The reason BLKG ever saw prices near $2 per share is the ongoing paid pump campaign for the stock. In addition to sending out emails to their ‘fortunate’ subscribers, Wall Street Report also set up a special landing page to promote BLKG on their website. The disclaimers of the most recent pump mails and of the landing page disclose a juicy compensation of $100,000 that the promoters expect to pocket for advertising BLKG.
If you still can’t see what’s wrong with making unfounded promises and predictions just because you are paid to write them down and send them out, here is a brief glimpse at BLKG‘s latest quarterly report that was put up just last week:
- $239 in cash (two hundred and thirty-nine US dollars)
- $7 thousand in total company assets
- ZERO in revenues since inception
- $34 thousand in quarterly net loss
Whether these are the financials of a new Exxon in the making, as the promoters try so hard to persuade their subscribers, or those of an OTC stocks getting pumped full of hot air against monetary compensation, is something readers should be able to figure out on their own.
