{"id":6450,"date":"2015-08-04T13:13:03","date_gmt":"2015-08-04T13:13:03","guid":{"rendered":"\/?p=6450"},"modified":"2015-08-04T13:39:31","modified_gmt":"2015-08-04T13:39:31","slug":"america-resources-exploration-inc-otcbbaren-manages-new-green-push","status":"publish","type":"post","link":"\/articles\/america-resources-exploration-inc-otcbbaren-manages-new-green-push\/","title":{"rendered":"America Resources Exploration Inc (OTCBB:AREN) Manages New Green Push"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90922\/aren_chart.png\" border=\"0\" width=\"450\" \/>It seems the precarious chart ride of America Resources Exploration Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AREN\">AREN<\/a>) is not over yet. Following a stumble on Thursday, the last market session saw <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AREN\">AREN<\/a> climb again and stop 10% up at $0.51 per share by the bell.<\/p>\n<p style=\"margin-bottom: 0in;\"><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AREN\">AREN<\/a> was previously namedAlazzio Entertainment Corp but switched names and course of business in April 2015. It was only recently that the ticker launched into active trading and this happened with a bang. As we stated in our previous articles on <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AREN\">AREN<\/a>, the onset of the stock price movement looked very much like a pump job, though so far we have not been able to find any landing web pages or solid evidence of a paper mailer in circulation -the two major ways to run a high-profile stock pump.<\/p>\n<p>That is not to say that traders don&#8217;t have plenty of things to look out for with <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AREN\">AREN<\/a>. Those start cropping up as soon as one takes a look at the company&#8217;s latest financial report. Here is what <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AREN\">AREN<\/a> had to show as of its latest 10-K for the year ended March 2015:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>$5.9 thousand in cash, comprising total company assets<\/li>\n<li>$6 thousand in total liabilities<\/li>\n<li>ZERO revenues since inception<\/li>\n<li>$29 thousand in annual net loss<\/li>\n<\/ul>\n<p>Those figures are enough of a hair-raiser on their own. Adding to this the fact that the company is listing a virtual office as its registered headquarters address and that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AREN\">AREN<\/a> sold 1,000,000 shares at $0.15 apiece just a couple of weeks ago don&#8217;t do much to help investor confidence, especially at the current market prices of over half a dollar.<\/p>\n<p>Back when <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AREN\">AREN<\/a> was Alazzio and its business plan was to build a photo booth rental business, the company sold 35 million shares through a public offering (number adjusted for the 15 for 1 forward split in April 2015) for proceeds of $23,519 setting the share price at $0.0006.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AREN\">AREN<\/a> has been heavily overbought for a number of days in a row now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It seems the precarious chart ride of America Resources Exploration Inc (OTCMKTS:AREN) is not over yet. Following a stumble on Thursday, the last market session saw AREN climb again and stop 10% up at&#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":[1758],"class_list":["post-6450","post","type-post","status-publish","format-standard","hentry","category-news","tag-aren"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6450","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=6450"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6450\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}