Today people reported receiving hard mailers promoting Stratex Oil & Gas Holdings (Pinksheets: STTX). One Tim Sykes Challenge student was kind enough to photograph the front of the mailer and the disclaimer and send those to me.
Pump budget: $780,000
Stock Promoter: Linear Access Inc. & John Myers The Myers’ Letter
Paying party: Linear Access Inc.
Shares outstanding: 43,692,556
Previous closing price: $1.04
Current market cap: $45m
Excerpt from disclaimer:
JMTML has received a total amount of seven thousand five hundred dollars in cash compensation to assist in the writing of this advertisement
Linear Access Inc. paid seven hundred eighty thousand dollars to marketing vendors to pay for all the costs of creating and distributing this Advertisement [sic]