{"id":2395,"date":"2013-08-28T13:14:55","date_gmt":"2013-08-28T13:14:55","guid":{"rendered":"\/?p=2395"},"modified":"2013-08-28T13:15:15","modified_gmt":"2013-08-28T13:15:15","slug":"all-american-gold-corp-otcmktsaagc-wasnt-third-time-lucky","status":"publish","type":"post","link":"\/articles\/all-american-gold-corp-otcmktsaagc-wasnt-third-time-lucky\/","title":{"rendered":"All American Gold Corp (OTCMKTS:AAGC) Wasn’t Third Time Lucky"},"content":{"rendered":"

\"3AAGC.png\"Back in September 2011 a number of newsletters initiated quite a big promotional campaign on All American Gold Corp (OTCMKTS:AAGC<\/a>). Despite the amount of touting and the tasty compensations that some of them received, the whole proceedings turned into a fiasco really quickly. On September 1, 2011 AAGC<\/a>‘s price hovered around $0.80, but just a month later, it was down by about 73%. The promoters tried again towards the end of April 2012, and while this time, the campaign was quite a bit smaller, it too morphed into a bloodbath in a matter of a couple of sessions. <\/p>\n

With that in mind, we weren’t expecting much when we received yesterday’s promotional emails from Stock Mister, The Stock Braniac and Premier Equity Reports and, as is evident from the chart, the ticker didn’t really show much in the way of performance. It opened the session at $0.01, made an extremely short run to around $0.02 after which it came crashing down and demolished around 58% of the value. The fact that the intraday high of $0.025 is really close to the 52-week high of $0.028 offers little condolence to the people who lost more than half of their investment after just six and a half hours of trading. But let’s see if there is anything that could stop AAGC<\/a>‘s plummet.<\/p>\n

Right now, we’re struggling to see such a thing. As of the time of writing this article, their website seems to be down and it gives us a notification that the domain name has expired and is awaiting renewal or deletion, which is something of a blow to the credibility of the company. That said, we don’t need their website to check out the SEC filings and having done that, we can see the reason for the internet portal outage – the lack of cash. Here are all the figures contained in AAGC<\/a>‘s 10-K covering the twelve months that ended on May 31:<\/p>\n