Portage Resources Inc. (POTG): As of April 11, 2011, Portage Resources (POTG) had 637,200,000 shares of common stock issued and outstanding. 38,000,000 shares have since been issued, through which Portage Resources Inc. raised about $20M (our guesstimate). Not bad for a company with ZERO revenue…
So what’s next? Well, many Pinksheet companies kill their share price and any existing shareholder value with forward stock splits. Given the intrinsic value (or rather, lack thereof) in Portage Resources, the upcoming 1:10 forward split is likely to follow the classic route of sending POTG shareholders to the poor house, albeit executive class.
Portage Resources Inc. Announces a Ten for One Forward Split of Its Issued and Outstanding Shares, and a Significant Share Cancellation
LIMA, Peru, Aug. 1, 2011 /PRNewswire via COMTEX/ — Portage Resources Inc. (“Portage” or the “Company”) (POTG-OTCQB) announces a significant share cancellation, dividend payable and other material changes to the company. On July 27, 2011, the Board of Directors unanimously approved a dividend whereby the shareholders of Portage Resources Inc. (the “Company”) will receive a dividend payable as a ten for one (10:1) forward split of the issued and outstanding shares of Common Stock of the Company pursuant to Section 78.215 of the Nevada Revised Statutes. […]
Further, as part of this approved action of the Board of Directors, the Company’s Executive Officer, Mr. Paul Luna Belfiore has agreed to return a total of 230,000,000 restricted shares to treasury for cancellation prior to the record date, which would leave a total of 445,200,000 shares issued and outstanding as at the record date. The dividend shares when issued will increase the Company’s issued and outstanding common shares to 4,452,000,000 common shares, all with par value of $0.001. […]
Portage Resources, Inc. (POTG)
Av. Benavides 441 Apto 101B
Principal executive offices:
990 Richard Street,
Saint Wenceslas, Quebec G0Z 1J0
Tel: 819 740-0810
Portage Resources Inc. Corporate Overview:
We are a young, determined and dynamic exploration company with a clear objective: find a multi-hundred million ounce resource. We are a focused exploration company currently working on the Wukakuy project. We will differentiate ourselves from our peers with respectful, social responsibility programs to enrich the communities we are involved in. We will market our story creatively, while remaining factual, ethical and honourable and we will operate with frugality to ensure we are investing as much money as possible into the ground to create asset value.
We’ve alerted Net Savings Link (NSAV), former CLXT, on August 1st, 2011 as our day-trading idea. We banked on CLXT just a little over 30% in one day & gained extra 100% of 2 days bounce play (from entry @ $.06 on August 4th by taking profit @ $.12 at the following trading session).
Net Savings Link, Inc.
101 North Garden Avenue
Clearwater, FL 33755
Net Savings Link, Inc. seeks to provide real value to both large businesses and organizations, as well as families and individuals by delivering one stop electronic access to savings, discounts, sales, coupons, specials and preferred member venues on those categories that consume the majority of today’s net disposable income.
Products and services including groceries, dining, travel, shopping, wellness, banking, and communications are provided by preferred vendors, accessed through Net Savings Link’s site, and in turn provided to end users ranging from large businesses to individuals. Operating revenues are provided to Net Savings Link, Inc. from vendor provided commissions, end user membership fees, and individual product purchases.
BioElectronics Corp. (BIEL) has been profiled on August 3rd at share/price just below $.01. We took some profit @ $.015 & holding the rest with target of $.02/share.
4539 Metropolitan Ct.
Frederick, MD 21704
866-757-2284 Toll Free
BioElectronics Corporation manufactures and markets drug-free anti-inflammatory medical devices and patches containing an embedded microchip and battery that deliver pulsed electromagnetic energy for anti-inflammatory and pain relief therapy under the ActiPatch, Allay, RecoveryRx, and HealFast names. The company?s products include ActiPatch Therapy kits for back, knee, wrist, tennis elbow, and heel pain; Allay Menstrual Pain Therapy kit for dysmenorrhea; and RecoveryRx, which focuses on plastic surgery, and orthopedic and sports medicine markets.
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|GBEYF||GLOBAL ENERGY DEVELOPMENT||1.4898||0.1631||12.29%||$134,082||90000|
|PLSB||THE PULSE BEVERAGE||1.04||0.1||10.64%||$111,195||118356|
|FGBF||FIRST GLOBAL FINANCIAL||0.05||0.02||66.67%||$80,044||2314808|
|EMXC||EMAX HOLDINGS CORP||0.0018||0.0003||20.00%||$76,728||46429344|
|PRTDF||PETRO MATAD LTD||1.43||0.19||15.32%||$74,631||53400|
|GAMR||GREAT AMERICAN GROUP||0.11||0.035||46.67%||$73,234||778076|
|TEUTF||TEUTON RES CORP||0.7215||0.0925||14.71%||$72,739||107400|