AER Energy Resources, Inc. (PINK:AERN) crashed down hard last week. On Friday, the stock lost 19.25% of its price, while its 
traded volume jumped over 13 million shares for the day. Though, the reason for the huge loss is still unknown.
The most interesting fact here is that on Nov. 16 AER announced that it has just received $400 thousand of equity capital with a funding commitment. However, on the day after the news was released the climb was already broken.
AER Energy Resources, Inc. operates through its subsidiary FTPM Resources, Inc, a fuel trading and petroleum marketing company that specializes in the collection and recycling of used motor oil. Last month, the company got massively promoted by numerous online promoters who were paid $1,300,000 for the campaign. Though, the gain did not resist much long.[BANNER]
Recently, AER filed its latest 10-Q report, however, it was not inspiring at all. As of end-September, both the company’s liabilities and the accumulated deficit were not covered, while its net loss rose up. Besides, the financial report was full of risk factors that are beyond AER’s control.
The recent news about the company’s equity financing might have encouraged traders for a day. However, the disappointing financials of AER broke up investors’ inspiration soon.
