Two penny stocks have tell-tale signs of an upcoming run, Nation Energy Inc. (NEGY) and GroGenesis, Inc. (GROG), both had their first real signs of life on Tuesday. GROG stock we uncovered more than a year ago and the rights holders and manufacturers of innovative plant health enhancement products have been pushing out PR since with no real volume behind them. On the other hand, NEGY stock lit up a number of “could this be StockTips’ next pick” indicators as soon as less than ten minutes of due diligence was done on the shell company that’s getting in bed with a CEO the SEC has had issues with in the past and a law firm representing them that big promotions have been long linked to.
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NEGY Stock Quote/Chart
0.24, up 0.14 (140.00%)
Seeing a fresh ticker light up is always a pleasure, especially when one of the last remaining big boys left in the game is due to release their new pick in the not-so-distant future. When scanning the OTC to see what popped, what flopped, and what was just down right out of the ordinary, NEGY jumping 140% without as much as a working website begged the question: what is Nation Energy?
Nation Energy is a shell company, just like Cynk Technology Corp. (CYNK) was last summer which only ran from 0.25 when we spotted it to well over $20 in a month’s time. Well, in a little more than a month, things are likely to change for this shell according to the SEC filings, but with the law firm attached to the ticker, Clark Wilson LLP, boy oh boy could this be the discovery of the year.
Back in October, 2013, Nation offered to acquire from Paltar Petroleum Limited, a privately held Australian company, approximately four exploration and development permits and twenty-nine applications for additional exploration and development permits in respect of land located in northern Australia. The deal, apparently is due to be complete on “tax day,”, April 15, and, by the looks of what they’ve already done to the sweet looking share structure, Marc Bruner is due to see yet another pay day for another over inflated oil and gas explorer.
The agreement between Nation and Paltar has been amended and restated a few times, but on November 27 of last year, the deal went down (on paper) whereby:
- Nation increased their authorized shares from 100,000,000 to 5,000,000,000;
- Nation needs to pay $200,000 on deal day
- 600,000,000 restricted shares are going to be issued to Paltar which are stated to have a three year lock up period on them
- A $1,340,000 outstanding debt is going to be paid by issuing shares of NEGY stock at $0.01 per share (134,000,000 shares)
- As soon as the deal is closed, John R Hislop, President, Chief Executive Officer, Chairman of the Board, Chief Financial Officer, and Director of Nation Energy, will register for up to 145,000,000 shares for resale
Now, the good part:
Marc Bruner, Chief Executive Officer of Paltar Petroleum, is the same Marc Bruner that was CEO of Falcon Gas and Oil in 2010 who went on tour with Wealth Masters International CEO Kip Herriage to promote Wealth Masters in Canada. Wealth Masters filed for an IPO which triggered the SEC to launch a full-blown investigation into Wealth Masters’ business activities which, apparently, wanted to know why Falcon Gas and Oil was doing in this.
The connection to Wealth Masters is one thing which immediately raises a “NEGY is due to get pumped” flag and a little bit of due diligence reveals:
In two separate court cases, Bruner has been accused of making misrepresentations, committed fraud, aiding and abetted a scheme to defraud, conspiring to defraud, Negligence/ Negligent Misrepresentation/ Negligent Nondisclosure, fraudulent concealment, unjust enrichment, vicarious liability, fraudulent transfer and breach of fiduciary duty.
Ouch!
Dig down one 8K deeper than the deal with Paltar and you discover : On November 18, 2014, the British Columbia Securities Commission revoked the cease trade order issued against the Company on August 21, 2009. Layman translation: the skull and crossbones was removed.
So we got a UK based sole director with a shell corp. based out of Vancouver B.C. doing an acquisition of an Australian oil and gas explorer run by a guy who’s had his own run in with the SEC in the past. Adding a little fuel to the fire, one of the numerous Form 3 filings from the beginning of October includes Jayco Investments Inc. of Barbados with the digi sig of David G. Csumrik, President of Biologix Hair Science Ltd. and Founder, Chairman and Chief Executive Officer of Longview Associates.
Csumrik made kinda made headlines winning a court battle against Google Inc. (GOOG) when the court’s allowed him his www.goggle.com (notice the misspelling) too keep running so it could keep enticing clumsy typists into signing up for pricey text messaging services. At the time, back in 2011, Goggle.com’s website asked visitors a short series of questions before attempting to persuade them to sign up for a £3-per-text quiz competition, offering the latest Apple products as prizes. An interesting assessment of Csumrik can be deduced here on page 3.
Today will tell a lot more to the story if NEGY shares trade equal or better volume at the same price range. If yesterday was just a couple of numskulls that thought they could front load a favorable share structured dead ticker, man oh man are they about to be shocked unless NEGY is another Tobin Smith connected pump like ORGS.
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About NEGY Stock
Nation Energy Inc. currently has no business and operates as a shell company. The Company is in the process of evaluating the merits of joint venture opportunities in the resource sector.
Authorized: 5,000,000,000
Issued and Outstanding: 16,020,000
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Chg | Volume |
| 02/24/15 | 0.1500 | 0.2500 | 0.1500 | 0.2400 | +0.1400 | +140.00% | 214,600 |
| 02/23/15 | 0.1000 | 0.1000 | 0.1000 | 0.1000 | +0.0400 | +66.67% | 5,000 |
| 02/19/15 | 0.0600 | 0.0600 | 0.0600 | 0.0600 | +0.0300 | +100.00% | 500 |
| 02/11/15 | 0.0200 | 0.0500 | 0.0200 | 0.0300 | +0.0145 | +93.55% | 46,900 |
| 02/04/15 | 0.0155 | 0.0155 | 0.0155 | 0.0155 | +0.0005 | +3.33% | 1,000 |
Bottom Line:
If you were searching for penny stocks that you could call your ex-girlfriend’s new boyfriend and recommend, Nation Energy Inc.’s NEGY stock looks like a perfect sore loser pick to give. It would be a shocker to see StockTips come out with alerts on NEGY as their next pick, but when you see the abundance of cheap shares and history behind the parties involved, it wouldn’t be as shocking as their ALKM promotion (oh yeah, same attorney).
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