Insider connections to one of the new penny stocks, American Oil & Gas Inc. (AOIX), is the best reason to become familiar with this new oil company. A few weeks ago, traders in the penny stock of AgFeed Industries Inc. (FEED) saw their investment increase 220% over the course of ten trading sessions. Not such a bad ROI for a company focused on commercial hog producing businesses in the Peoples Republic of China. Because of the insider connection between the two, savvy traders should take the chance to get AOIX stock on their radar and learn what you can about Robert Gelfand and his prior success stories.
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AOIX Stock Structure
Authorized Shares: 75,000,000
Shares Outstanding: 20,000,000
Shares Held By Gelfand: 10,000,000
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We noticed the connection when we saw that Gelfand sat on the Board of Directors for AgFeed Industries. (see here) Just one month ago, the hog farmers reported revenues for the six months ended June 30, 2012 of $177.4 million. That’s a lot of bacon making FEED stock is another that should be watched closely for a bounce play.
The fact that in March, Gelfand filed an S-1 for American Oil & Gas immediately raised the curiosity bar as to what the intentions would be with this new entity since dilution and promotions have never been a thing of the past for companies he has been associated with. His 10 million shares issued for $10,000 on January 23, 2012 raised the bar even further. Another 10 million shares were sold at $0.005 raising $50,000 of capital to get the ball rolling.
Needless to say, when AOIX stock was finally added to the list of additions via OTCBB.com (see here), it’s time to have it on your radar for activity.
The Company has one asset which they plan to exploit to its fullest potential; a one hundred percent interest in 40 acres located in Caddo Parrish, Louisiana. There is currently one drilled well bore, the Cecil Barlow #1, on the property and reports on the Caddo Parish, Louisiana area prepared by a consulting geologist which outline the reservoir potential of the Caddo Pine Island Field, in which their lease exists.
About AOIX Stock
American Oil & Gas, Inc. plans to engage in the acquisition, exploration and development of oil and gas properties. The focus is to be in the business of location and leasing of existing wells for reactivation for the production of oil and gas that the Company plans to, through an operator, sell to oil and gas brokers and gatherers.
Click here to view the SEC filings for AOIX.
Bottom Line: AOIX may not become an actively traded penny stock for some time, but when it does, its one that could easily spurt out some huge gains over time. Get AOIX stock on the weekly update screener and monitor when the inaugural shares hit the market.
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