Next Generation Energy Corporation (OTCMKTS:NGMC): Stock Mister Mention Causes Selling
It was a hit-and-run day for Next Generation Energy Corporation (OTCMKTS:NGMC), and the promotion was just the chance to gather any quick gains and sell while there is enough activity to take up the slack. The ticker lost 36% to $0.064 as more than 3 million shares were shed. 
The energy company is facing its first promotion since 2011, but so far the effect is limited, following a long period of very low activity. It seems that the energy business is quite new for this company, and its previous activity was promotional mailing, as Next Generation Media Group. The current plan to buy lucrative oil resources hinges on the following financial reserves: 
- Zero quarterly revenues
- $1.5 million net loss
- $1,000 cash
- $491,000 current liabilities
The company itself is not interested in drilling, but just in the more liquid market of acquisitions and divestitures, although so far lucrative deals are yet to materialize in the financial filings. So far, the company’s biggest allure is the chance for fast gains.
The next few days will show how the promotional efforts unroll, and it might be a long campaign judging from the $80,000 price tag. May has seen 8 emails for this stock, with relatively little upward momentum, and the total spent on the latest promotions is $120,000. Stock Mister is the main paying party behind this event, spreading smaller sums to promotional companies.
Along with this, NGMC offers a press release touting its latest potential license acquisition in West Virginia, thus participating in the shale gas and shale oil craze. But any success with plot deals may lag behind the movements in the stock, which are made disproportionate by a large-scale paid promotion.
Stock Mister has a long history of long and loud pumps that usually end up with the ticker in freefall, or drifting sideways on negligible volumes. A dramatic example is SMA Alliance, Inc. (OTCMKTS:SMAA), which fell on a few days of massive selling, dropping 75% from 16 cents to 4 cents. So while NGMC may keep for a few days more, it is in danger of being forgotten again, and has a long way to fall even under a penny.
