Alternative Energy Partners, Inc. (OTCBB:AEGY) Boosted by Medical Cannabis PR
Alternative Energy Partners, Inc. (OTCBB:AEGY) are having a wild week, gathering all eyes as a double-zero penny stock, despite the lack of a new promotion. The company presents a long-term slide from heights of $15 on the 2011 promotions to its current levels. On Wednesday, AEGY added 116% to $0.0039. The volumes from the past several days are a series of all-time records, both in buying and in selling on the next day. 
One of the reasons behind the renewed interest in AEGY is the announcement of entering the medical marijuana industry, a more realistic venture than the development of viable alternative energy sources somewhere in the future. A special boost came from the recent partnership with SK3 Group, Inc. (OTCMKTS:SKTO), one of the smaller contenders in the medical marijuana industry. AEGY will provide an online platform for trading medical marijuana, which will be used by existing and new SKTO clients. 
AEGY is diverse, and to achieve success in the hot new cannabis trend, can rely on the following financials:
- $495 cash
- $592,162 current liabilities
- $391 revenues
- $451,814 quarterly net loss
- $7.7 million net loss to date
It seems the company was a bit too ambitious, still digging itself in losses. Time will tell if the medical cannabis will contribute positively, but time is a relative value when it comes to sub-penny stocks, which may double in a day, or wipe out most of the gains.
With volumes so high, AEGY is ripe to be picked up by promoters again, as it still has the potential for dramatic daily moves. In the past, there was a very short promotional campaign for this ticker, with only four emails and a budget of $3,000. A small-scale pump two years later is a high probability.
AEGY is currently priced modestly just under $1 million, with a bit under 250 million shares outstanding. The company recently acquired several mobile platform technologies to facilitate medical marijuana buying over a smartphone, and paid in cash and common stocks, which may mean significant insider holdings that could benefit from a pump and end up in selling.
But even without this, AEGY is susceptible to the effects of investors’ sentiment. It is best to keep away from this ticker, unless you can afford to lose your investment in part or in whole.
