Penny Stocks Research For Terra Tech, Nugene Ongoing

By the end of last trading, the Sabine Oil & Gas (OTCMKTS:SOGC) shares slump 22.92% (or US$0.0055) to US$0.0185 with about 2.62 million shares exchanged hands for the session, compared to its average volume of 0.944 million shares.

The company claims to have spent multiple months trying to figure out some sort of restructuring plan that does not involve court proceedings as free-falling oil prices edged it closer to bankruptcy. Back in early May the company stated it was ready to continue “business in the normal course”. But ten days later, the company announced a forbearance agreement to its second lien term loan facility, which was followed by an immediate analyst downgrade.

In mid-June the company announced its decision not to make an interest payment on one of its senior notes due in 2019. Is this company running promotion by penny stock promotor? Is there any insider trading in this company? Read full report here.

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