{"id":3883,"date":"2014-02-13T13:13:20","date_gmt":"2014-02-13T13:13:20","guid":{"rendered":"\/?p=3883"},"modified":"2014-02-13T13:13:24","modified_gmt":"2014-02-13T13:13:24","slug":"alternative-energy-partners-inc-otcbbaegy-suffers-another-crash","status":"publish","type":"post","link":"\/articles\/alternative-energy-partners-inc-otcbbaegy-suffers-another-crash\/","title":{"rendered":"Alternative Energy Partners Inc. (OTCBB:AEGY) Suffers Another Crash"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/2AEGYchart.png\" border=\"0\" alt=\"2AEGYchart.png\" title=\"2AEGYchart.png\" width=\"450\" height=\"201\" \/>Despite finally launching their online ordering platform PharmaJanes at the end of January the stock of Alternative Energy Partners Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AEGY\">AEGY<\/a>) has been unable to form a more prolonged positive trend. The huge news marked a significant step forward for the company and it managed to push the stock out of the double zero price ranges in just two sessions. Then a sharp correction followed that brought them back down again. <\/p>\n<p>On Tuesday <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AEGY\">AEGY<\/a> announced that the first authorized patients have started receiving their orders for medical marijuana products and the market reacted immediately resulting in a 20% surge and a close at $0.0089. During yesterday&#8217;s trading though sentiments changed dramatically and <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AEGY\">AEGY<\/a> plunged downwards right from the start. It tried to recover on a couple of occasions but ultimately closed at $0.0073, its lowest point for the day.<\/p>\n<p>Investors certainly have enough reasons to be cautious when dealing with the stock even though <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AEGY\">AEGY<\/a> is bound to improve its financials at least somewhat when compared with the results for the quarter ending October 31,2013:<\/p>\n<ul>\n<li>$410 cash<\/li>\n<li>$10 410 total assets<\/li>\n<li>$2 million total current liabilities<\/li>\n<li>zero revenues<\/li>\n<li>$10 million accumulated deficit since inception<\/li>\n<\/ul>\n<p>That however doesn&#8217;t change the fact that in just 5 months <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AEGY\">AEGY<\/a> issued more than 1.8 billion shares bringing the total amount of outstanding shares to 2.6 billion. And apparently there is a lot more to come with their intention to increase the authorized amount to 5 billion.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/1MJNAchart1.png\" border=\"0\" alt=\"1MJNAchart1.png\" title=\"1MJNAchart1.png\" width=\"350\" height=\"156\" \/>For now the company remains quite a volatile play that can offer traders opportunities for quick gains. Even after the crash <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AEGY\">AEGY<\/a> is still around 1400% above its price levels from the start of the year. Be sure to do your own due diligence and plan accordingly in order to minimize the potential losses.<\/p>\n<p>Yesterday both Medical Marijuana, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a>) and Cannabis Science, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a>) were able to put an end to their downward momentum that spanned four consecutive sessions. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a> recovered by close to 10% and returned to $0.28 per share while <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a> closed just 2.4% in the green at $0.17.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite finally launching their online ordering platform PharmaJanes at the end of January the stock of Alternative Energy Partners Inc. (OTCBB:AEGY) has been unable to form a more prolonged positive trend. The huge news&#46;&#46;&#46;<\/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":[696,229,8],"class_list":["post-3883","post","type-post","status-publish","format-standard","hentry","category-news","tag-aegy","tag-cbis","tag-mjna"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3883","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=3883"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3883\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}