Stratex Oil & Gas Holdings (Pinksheets: STTX) pump and dump

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]

sttx_cover(click to enlarge)

 

sttx_disclaimer(click to enlarge)

Disclaimer: I have no position in any stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

4 thoughts on “Stratex Oil & Gas Holdings (Pinksheets: STTX) pump and dump

    1. Mailer pumps like these vary greatly in length and impact. Some of them go up for one day before dropping, others go up for awhile. See the charts of AGIN and LOTE for a couple recent mailer pumps with different outcomes.

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