AER Energy Resources, Inc. (PINK:AERN
, AERN message board
) got featured in a paid promotional newsletter
last night, which is all of the news related to the company over the last couple of weeks. As the previous promotion about a month ago did not have much of success, the prospects for the new one are not that favorable either.
Yesterday AERN closed the session with a 13.16% decrease in the share price at $0.0033 while the trading volume was higher than the average with 18.5 million traded shares.
Technically, AERN closed the market at a level of support and a bottom for the last two months. Thus, it looks like the new promotion may not succeed in raising the share price that much.
The promotional e-mail came yesterday evening and recommended the stock as a "HUGE potential bounce play". The e-mail did not say anything about the company apart from mentioning it is in the business of acquiring oil properties in the US and internationally. For that trading alert the promoter received $7,500 as compensation from a third party.
What speaks even worse than the promotions for the long-term performance of AERN is its financial and operational state. At the end of last year, the company had $1.2 million in total assets and only $192,000 in cash. Net revenue for the entire year was $28,720, while the operating expenses were almost $422,000. All that suggest AERN deserves the low market value that investors have assigned to it so far.