At the trading session opening yesterday, in the sky of the OTC Pink market rose a brand new promo star. At the end of the trading session, the detonating featuring of AER Energy Resources, Inc. (PINK:AERN) stock resulted in a 333.33% price sour.
The almost forgotten AERN is capped with a crown of glory thanks to the support of six stock promoters. It seems like the crown is not only dear and heavy, but costly too.
A non-affiliate third party to AERNA compensated a stock promoter with one million three hundred thousand dollars. As a result, a group of stock promoters will perform marketing and advertising services for a one month profile of AER Energy Resources, Inc.
It is hard to believe that only the company's press release would have been able to evoke such a stock stir without the help of the promoters.
Yesterday, AER Energy Resources, Inc. announced that it had signed an agreement with Multiplex Resources for the purchase of 13 existing shallow oil wells in Neosho County, Kansas.
Although the company's President Stan Wilson stated that the funds for the acquisition and drilling expenses have been “dedicated”, the recent company financial reports may raise some concerns.
As of the end of this June, the company reported $23 thousand in cash and cash equivalents. Possibly, the announced net revenues of $811 for the three months ending June 30, 2011 will not be enough for maintaining the operations, too.
It remains the hope that, under the promotional coverage or not, AER Energy Resources, Inc. may release some funds raising news in the forthcoming months.
Regrettably, for investors it will be difficult to distinguish the company's PR initiatives from the factual material changes.
Who knows, the new business approach of AER Energy Resources, Inc. may bring the company profits in the future. As of yesterday, this is not yet proven while the results from the ongoing stock promotion have been already tested.
Yesterday, the promotional performance of the shares has been measured not only by the share price blow-up. During the trading session, AERN recorded a notable trading volume of almost 54 million shares, like in response to the worth more than a million stock promotion. That share turnover exceeded 510 times the daily average for the company.