{"id":4683,"date":"2014-05-30T12:12:57","date_gmt":"2014-05-30T12:12:57","guid":{"rendered":"\/?p=4683"},"modified":"2014-05-30T12:25:33","modified_gmt":"2014-05-30T12:25:33","slug":"zulu-energy-corp-otcmktszlue-starts-sliding","status":"publish","type":"post","link":"\/articles\/zulu-energy-corp-otcmktszlue-starts-sliding\/","title":{"rendered":"Zulu Energy Corp. (OTCMKTS:ZLUE) Starts Sliding"},"content":{"rendered":"

\"ZLUE_chart.png\"On Wednesday the stock price of Zulu Energy Corp. (OTCMKTS:ZLUE<\/a>) surged an amazing 417%. The ticker dug itself out of double-zero land and made a small splash that is now subsiding quickly. Yesterday the price popped as high as $0.03 but dropped nearly 50% from its intra-day high. <\/p>\n

The reason for the commotion was a press release. ZLUE<\/a> announced the company completed the acquisition of a certain Vortex Brands Co through the issuing of preferred stock only. After the reverse merger the company will be switching its name to Vortex Brands and applying for a ticker symbol change.<\/p>\n

ZLUE<\/a>, a shell company prior to the announced deal, has so many red flags about it that the heavy volume generated seems a bit strange. The company is a Pink No Info entity on the OTC Markets, stamped with the ‘Buyer Beware’ skull-and-crossbones sign. Additionally, it’s been given the “Dark or Defunct” designation. Seeing how the company posted a press release, it should not be defunct, which leaves the “dark” part, explained on the OTC Markets as an entity with “questionable management and market disclosure practices”.<\/p>\n

Disclosure is indeed something ZLUE<\/a> is not very good at. The last financial report the company published is dated September 2008, a little over 5 years ago. The last reported outstanding share number dates back to August 2008 as well. The last filing available is from 2013 and is a Form 15-12G, informing of the termination of registration of ZLUE<\/a> common stock under Rule 12g-4(a)(1).<\/p>\n

Understandably, ZLUE<\/a> was thinly trades ever since. The company is still keeping investors in a complete informational blackout. There is also no official filing confirming the announced merger with Vortex Brands and detailing the specifics of the deal. Until a filing with details about the deal and consolidated financials is published, there is little solid ground for excitement around ZLUE<\/a>.<\/p>\n

\"40AEGY_chart.png\"Other heavy volume movers from Thursday’s session include Terra Tech Corp. (OTCMKTS:TRTC<\/a>) who slipped 9% to a close of $0.47 per share. After a long and hard slide, Alternative Energy Partners, Inc. (OTCMKTS:AEGY<\/a>)’s daily share volume picked up further and the ticker gained 30%, stopping at $0.003 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday the stock price of Zulu Energy Corp. (OTCMKTS:ZLUE) surged an amazing 417%. The ticker dug itself out of double-zero land and made a small splash that is now subsiding quickly. Yesterday the...<\/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":[696,259,1405],"class_list":["post-4683","post","type-post","status-publish","format-standard","hentry","category-news","tag-aegy","tag-trtc","tag-zlue"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4683","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=4683"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4683\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}