Over the last week Black Stallion Oil & Gas (BLKG) stock has gone from $1.70 to a high of $2.39 on modest (but increasing) volume. It has been promoted by emails from WallStreetReport.org, which also has a promotional video on their website and a positive report (PDF) on the stock. (I should add that they fail to disclose their compensation in that PDF report). See also the page you go to after leaving the video. Considering the relatively low-budget promotion and the large market cap I think it highly likely that BLKG will drop a lot in the next few days or weeks.
Disclosed budget: $50,000
Promoter: WallStreetReport.org / Herwick Ltd
Paying party: Pansino Investments Ltd
Shares outstanding: 43,872,000
Previous closing price: $2.17
Market capitalization: $95 million
Excerpt from disclaimer:
WallStreetReport.org is operated by Herwick Ltd. (HL). … . HL expects to receive $50,000 (FIFITY THOUSAND DOLLARS) as a marketing budget for production and distribution of BLKG marketing material from an unaffiliated 3rd party, Pansino Investment Ltd. HL will manage this budget for production and distribution of any marketing materials for BLKG and intends to keep the difference between the budget received and production costs as compensation.
Full disclaimer (from landing page):
DISCLAIMER: This report is for informational purposes only, and does not represent a solicitation to buy or sell the profiled company’s securities, which trade under the symbol BLKG, nor any other securities. WallStreetReport.org is operated by Herwick Ltd. (HL). Neither HL nor its employees are certified financial analysts or licensed in the securities industry in any manner. The information in this marketing piece and any accompanying information is subjective opinion and may not be complete, accurate or current and was paid for directly or indirectly by shareholders of the profiled company who may or will profit as a result of the preparation, publication and distribution of this marketing piece and accompanying information. HL expects to receive $50,000 (FIFITY THOUSAND DOLLARS) as a marketing budget for production and distribution of BLKG marketing material from an unaffiliated 3rd party, Pansino Investment Ltd. HL will manage this budget for production and distribution of any marketing materials for BLKG and intends to keep the difference between the budget received and production costs as compensation. HL also expects to garner new subscribers as part of its efforts. This marketing piece contains forward-looking statements that involve risks and uncertainties. This marketing piece contains or incorporates by reference forward-looking statements, including certain information with respect to plans and strategies of the featured Company. As such, any statements contained herein or incorporated herein by reference that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words “believe(s)” “anticipate(s)”, “plan(s)” “expect(s)” “project(s)” “will” “make” “told” and similar expressions are intended to identify forward-looking statements. There are a number of important factors that could cause actual events or actual results of the Company to differ materially from these indicated by such forward-looking statements. Certain statements contained herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. Such statements include, without limitation, statements regarding business, financing, business trends, future operating revenues and expenses. There can be no assurance that such expectations will prove to be correct. Investors are cautioned that any forward-looking statements ma de by the Company, or contained in this Report are not guarantees of future performance, and that the Issuer’s actual results may differ materially from those set forth in the forward-looking statements. Difference in results can be caused by various factors including, but not limited to, the Company’s ability to be able to successfully complete planned funding agreements, to successfully market its products in competitive industries or to effectively implement its business plan or strategies. To reiterate, information presented in this Report contains “forward-looking statements”. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Report may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” “may,” or by statements indicating certain actions “may,” “could,” or “might” occur. More information on the Company may be found at http://www.sec.gov; readers can review all public filings by the Company at the SEC’s EDGAR page. Chris Porter is a fictional name. The actor writing and performing under this name was compensated solely on a contract basis for participating in this campaign, therefore is not an employee of either Herwick Ltd, Pansino Investment Ltd. or a shareholder in any of the securities mentioned in this video.
PDF copy of landing page