{"id":3663,"date":"2014-01-21T15:14:46","date_gmt":"2014-01-21T15:14:46","guid":{"rendered":"\/?p=3663"},"modified":"2014-01-21T15:15:22","modified_gmt":"2014-01-21T15:15:22","slug":"gray-fox-petroleum-corp-otcbbgfox-drops-after-amazing-run","status":"publish","type":"post","link":"\/articles\/gray-fox-petroleum-corp-otcbbgfox-drops-after-amazing-run\/","title":{"rendered":"Gray Fox Petroleum Corp. (OTCBB:GFOX) Drops After Amazing Run"},"content":{"rendered":"

\"GFOXchart.png\"For a long time it seemed that the pump for Gray Fox Petroleum Corp. (OTCBB:GFOX<\/a>) was going nowhere despite the involvement of Mr. Tobin Smith. The company refused to move in the right direction even after more than a month of touting, the creation of two landing pages and more than $300 thousand spent as promotional budget.  <\/p>\n

But something changed. The pump newsletters went into silence as of December 11 leaving the stock on its own and surely GFOX<\/a> continued to drop reaching a new 52-week low of $0.6 per share on January 10. Ironically enough though that day also marked the moment GFOX<\/a> started to recover. In just 5 days it more than doubled in value returning to price ranges above $1 and closing at $1.42 on Thursday. <\/div>\n
Attracted by the sudden change in sentiment The Stock Junction decided to issue the next email alert for the company. The email contained no new information and revealed a compensation of $6300 for the pumper. Since then we have received no new touts but that doesn’t necessarily mean the campaign is over. <\/div>\n
GFOX<\/a> began the next session on a positive note even reaching a new 52-week high of $1.48 but such prices proved to be a bit too much for the company to support. After a lot of fluctuation throughout the day the stock finished the week 5% down at $1.35. Although the price may have undergone a positive change all of the red flags around the company have not. <\/div>\n
The financial results of GFOX<\/a> are still as discouraging with the company reporting the following numbers for the quarter ending September 30: <\/div>\n
•\tcash: $6,289
•\tcurrent assets: $14,378
•\tcurrent liabilities: $36,848
•\tno revenue since inception
•\tquarterly net loss: $317,180<\/div>\n
\"KGETchart1.png\"Even more alarming should be the 14 million shares held by unnamed investors who bought them for just $0.00125 after the 1-for-8 forward split. Even if the share price once again falls to $1 these people are still looking to gain immense profits. <\/div>\n
Another stock that suffered a correction after an impressive spike was Kleangas Energy Technologies, Inc. (OTCMKTS:KGET<\/a>). On Friday the company crashed by 22% on a record volume of nearly 300 million shares. <\/div>\n","protected":false},"excerpt":{"rendered":"

For a long time it seemed that the pump for Gray Fox Petroleum Corp. (OTCBB:GFOX) was going nowhere despite the involvement of Mr. Tobin Smith. The company refused to move in the right direction...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1152,996],"class_list":["post-3663","post","type-post","status-publish","format-standard","hentry","category-news","tag-gfox","tag-kget"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3663"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3663\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}