Advanced Oxygen Technologies, Inc. (OTCMKTS:AOXY)
Advanced Oxygen Technologies, Inc. (OTCMKTS:AOXY) is a penny stock that, prior to today, had a 30-day average daily volume of 35 – thirty-five. That is not 35,000 or 35 million, just 35. Today though over 540,000 shares have traded hands in 529 trades. The volume explosion is curious as no press releases or news has been issued on, or by, the company.
Per the homepage of Advanced Oxygen Technologies, Inc. (OTCMKTS:AOXY), the assets of the company are concentrated in just one piece of real estate located in Denmark. The real estate’s value is listed on the company’s consolidated financial statement at $$572,917 USD. Total assets are listed at $619,504. Total liabilities are listed at $371,284. The sole tenant on the real estate appears to be StatOil. StatOil is a listed Norwegian energy company that has operations in over 30 countries. It has annual revenues exceeding $100 billion. StatOil has a lease on the real estate through 2026 and makes payments quarterly. All improvements on the real estate are the property, and responsibility, of StatOil. According to the financial statements filed with the SEC, the quarterly lease payment appears to be just over $8,800. There do not seem to be any other sources of revenue.
Advanced Oxygen Technologies, Inc. (OTCMKTS:AOXY) does hold some debt. They have current liabilities of about $150,000. Long term debt is over $105,000. Found in the financial statements is the acknowledgement that Advanced Oxygen Technologies, Inc. (OTCMKTS:AOXY) has minimum yearly bank payments of $33,610 for the next 1 ½ years and $22,397 for another 5.2 years after that.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.