The “One Day in May” smash and grab Awesome Penny Stocks pick, Portlogic Systems Inc. (PGSY), is suddenly making moves again and announcing old news. The Company issued a PR late Friday about the formation of a new subsidiary VOIP 1, Inc. which was actually formed on June 18, 2012, to specialize in data and voice telecommunications technologies. With the odd timing of the PR, recent upticks on PGSY stock, and the newest penny stock alerts from the APS group indicating a new, low priced pick coming soon, this is a must watch in the coming week.
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PGSY Stock Chart
Market Cap: 10.84M
Close: 0.0525 ▲ 0.0105 (25.00%)
Dollar Volume: $2,158
Average Trade Size: 7,065
Issued and Outstanding: 206,551,422
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Even with the 3-for-1 forward stock split effected March 30, 2012, PGSY stock is pretty much fully diluted at this time. Factoring in the May 14 fake alerts sent out by some of the Awesome Penny Stocks controlled websites, only 6,835,952 shares of the 206.55 million outstanding traded that day, opening at 0.36 and trading as high as 0.495 before closing at 0.28 once traders got wind of the alert being a fake out. Now that the Company has decided to issue news about details which are clearly visible on their latest 10-Q filing, as well as their 10-K filing from August 29, something could possibly be brewing.
The PR itself is pretty bland except to point out that Portlogic’s VOIP 1 will supply mobile and voice solutions to major telecom carriers around the world. It then goes on to fluff numbers, almost identical to the same fluff AMWI pumped off of before crashing exactly one year ago, that 2012 global revenues from VoIP will reach a figure of $65 billion. Apparently Juniper Research predicts that the total number of mobile VoIP minutes will jump from 15 billion minutes in 2010 to 470.6 billion minutes by 2015 with the U.S. accounting for 135 billion of those mobile VoIP minutes by 2015. A great theory to run off of when your fiscal revenues for the 12 month period ended May 31, 2012 were $1,578, roughly half of those reported for fiscal 2011, $3,181.
About PGSY Stock
Portlogic Systems Inc.is a Toronto, Canada based development stage company with enterprise mobile marketing applications solutions, kiosk hardware and software products which fall into five principal product families: m2Meet, m2Bank, m2Market, m2Ticket, and m2Kiosk. Click here to view the SEC filings for PGSY.
Last 5 Trading Sessions:
Bottom Line: PGSY should be on the list of possible penny stocks picks for the upcoming “Smash and Grab” alerts from the APS Group. Having only banged out a pittance of shares back in May after sending out on just one or two of their websites, neither of which was the big daddy, the new fish collected since the acquisition of pennystocks.com could be a bountiful haul for a stock jacking event on an old ticker. That said, keep PGSY stock closely monitored on your level 2 screens this coming week and watch out for Fruit Loops dropping message board turd bombs on this to move it.
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