POTG worth $522 million?? What a joke!!Okay I know this is off topic but the board is dead.......I find it absolutely ridiculous that the company below has a $500 million market cap and they have zero resources, $533 cash in the bank, and have accumulated $150,000 in debt since there inception in 2006. How, ON PROMOTION!!!!!!!
Meanwhile we sit on a company that is generating ooodles of cash, great resources, great investments and our market cap is just over half!! Now my friends, that is a joke! Take note Mordy and company.....if they can do this, what do you think you could do with releasing just the truth on our story and writing back Prognoz??????
PORTAGE RESOURCES
(Other OTC: POTG.PK )
| Last Trade: |
0.7801 |
| Trade Time: |
3:59PM EDT |
| Change: |
 0.0291(3.87%) |
| Prev Close: |
0.75 |
| Open: |
0.77 |
| Bid: |
N/A |
| Ask: |
N/A |
| 1y Target Est: |
N/A |
| Day's Range: |
0.767 - 0.8215 |
| 52wk Range: |
N/A |
| Volume: |
6,886,872 |
| Avg Vol (3m): |
N/A |
| Market Cap: |
497.08M |
| P/E (ttm): |
N/A |
| EPS (ttm): |
0.00 |
| Div & Yield: |
N/A (N/A) |
As reported by Stockhouse, POTG is virtually a dormant public shell that recently changed hands through the transfer of shares to Mr. Luna. At the close of the quarter ended February 28, 2011, the junior had only $533 in cash after reporting a loss of $5,993 or
.00 per shares.
Portage has generated zero revenue since its inception in July 2006 and has an accumulated deficit of $158,597, financial statements show.
It appears that since POTG has no established reserves on any of its properties in Peru, the stock market rally is likely attributable to stock alerts on www.microstockprofit.com, www.pennystockrumble.com, www.clubpennystocks.com, Penny Stock Pillager and Beacon