{"id":6840,"date":"2015-09-12T11:15:59","date_gmt":"2015-09-12T11:15:59","guid":{"rendered":"\/?p=6840"},"modified":"2015-09-12T11:39:35","modified_gmt":"2015-09-12T11:39:35","slug":"black-stallion-oil-and-gas-inc-otcmktsblkg-wont-go-down-without-a-fight","status":"publish","type":"post","link":"\/articles\/black-stallion-oil-and-gas-inc-otcmktsblkg-wont-go-down-without-a-fight\/","title":{"rendered":"Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) Won&#8217;t Go Down Without a Fight"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91311\/blkg.png\" border=\"0\" width=\"400\" height=\"178\" \/>The chart on the right belongs to Black Stallion Oil and Gas Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BLKG\">BLKG<\/a>) and it could serve as a pretty good example of how easy it is to push a penny stock sky high. In fact, all you need is a landing page, some emails, and a few absurdly optimistic price targets. When someone&#8217;s willing to pay $150 thousand for the pump campaign, the odds of success are better still.<\/p>\n<p>Not even the horrifying financial statement proved to be enough to knock the stock off its perch. And it really is horrifying. Here&#8217;s a summary:<\/p>\n<ul>\n<li>cash: $239<\/li>\n<li>current assets: $7,331<\/li>\n<li>current liabilities: $20,571<\/li>\n<li>NO revenue since inception<\/li>\n<li>quarterly net loss: $34,671 <\/li>\n<\/ul>\n<p>Of course, not everything has been going according to plan. About a month ago, the ticker was flirting with the $2.40 per share mark whereas right now it&#8217;s around $1.70. Despite this, many people expected a much heavier crash.<\/p>\n<p>Those people initiated short positions in the stock and they decided to help <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BLKG\">BLKG<\/a><\/strong> on the way down by writing an article about the company and the current promotion. The article in question appeared last week in a popular financial website and it talks about things that we&#8217;ve been discussing for more than a month on these pages &ndash; the pump, the location of the company&#8217;s headquarters, and the involvement of George Drazenovic (<strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BLKG\">BLKG<\/a><\/strong>&#8216;s CEO) with a revoked OTC enterprise called Sun Cal Energy (once known as SCEY).<\/p>\n<p>The attack gave the short sellers an opportunity for a profit which is probably what the author intended. On September 4 (the publishing date of the article) <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BLKG\">BLKG<\/a><\/strong> lost about 8%, but it has once again proven to be surprisingly stubborn since then. There&#8217;s been a number of re-tweets and re-posts of the negative article, but despite this, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BLKG\">BLKG<\/a><\/strong> closed yesterday&#8217;s session 2.4% in the green at $1.71 and it also logged a dollar volume of about $456 thousand which goes to show that there are still people willing to play the ongoing promotion.<\/p>\n<p>Those people mustn&#8217;t forget, however, that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BLKG\">BLKG<\/a><\/strong> remains a pumped penny stock and as such, its prospects are not brilliant. If the people who acquired <strong>19,872,000 shares for $49,680<\/strong> two years ago decide to flood the open market with a large amount of discounted stock, for example, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BLKG\">BLKG<\/a><\/strong> will most likely have some serious problems staying as consistent as it has been so far.<\/p>\n<p>That&#8217;s why treading carefully and keeping your eyes peeled is of utmost importance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The chart on the right belongs to Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) and it could serve as a pretty good example of how easy it is to push a penny stock sky&#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":[1789],"class_list":["post-6840","post","type-post","status-publish","format-standard","hentry","category-news","tag-blkg"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6840","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=6840"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6840\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}