Petrotech Oil &Gas, Inc. (OTCMKTS:PTOG) Reacts to Insider-Financed Promotion
When the oil sector promises meet a wild and unpredictable double-zero ticker, the result is a dramatic daily growth. Petrotech Oil &Gas, Inc. (OTCMKTS:PTOG) added 40% to reach $0.009, on record buying volumes above $324,000. Nearly 40 million shares changed hands as PTOG was boosted by a new promotion last Friday. 
For a compensation of $15,000, 1-2-3 Stock Alerts touted the benefits of PTOG mostly as an upwardly volatile ticker, and not so much as a promising oil company. 
As for promises, PTOG is extremely adept at circumstantial language, pointing out plans, preliminary agreements and research on various areas of drilling and distributing bio-degradable products. So far, all of this has been mostly an effort to boost the company’s positions and make a wider impression.
The last time we visited PTOG was in the fall of 2013, when the pumpers caused a brief spike in price- but PTOG had already sank to extremely low levels. The new bout of promotions may have an even shorter-lived effect. In September, PTOG was up to similar tricks- signing preliminary agreements for an oil well in Oklahoma. None of the good intentions materialized in the bottom line:
- cash: $509
- current assets: $6 thousand
- current liabilities: $986 thousand
- no revenue
- quarterly net loss: $48 thousand
Still, PTOG is the perfect OTC vehicle for short-term gains, at least for investors who managed to estimate well the time frame. The red flags around PTOG are abundant- the first one being that this is the eight ticker name through which the company goes, which means that PTOG may be hiding a past history of defunct promotions.
On January 3rd, a long list of sub-contracted pumpers took up PTOG. The common theme is the paying party, E-Relations Group, standing behind the seven emails with the $20,000 total budget so far. And E-Relations Group has all the reasons to hire Global Marketing Media LLC and its pumpers, since it is the legal council of PTOG and may benefit in many ways from inflating the stock price.
Currently, the market value of PTOG has shrank to $850,000, on 114 million shares outstanding, a float of 81 million shares and potentially vast numbers of insider holdings. Further, PTOG has 750 million shares authorized, allowing future dilution, should the ticker survive that far.
PTOG has moved through several business, including entertainment and beverages, before riding the trend of oil stocks on the OTC markets.
But even more solid OTC stocks have failed, such as First Titan, Corp. (OTCBB:FTTN), which investors knowingly pushed to higher levels, nearly $2. Now, FTTN is making an attempt at a rebounce toward 70 cents, after a steep drop. Nevada Gold Corp. (OTCMKTS:NVGC) did no better, after overly-aggressive promotion led to suspended trading and NVGC resumed activity at a faction of the price.
In the case of PTOG, this has always been a risky bid, so estimate your time frame well and avoid investing unless you can afford the setbacks, which happen lightning-fast for this underpriced stock.
