Good afternoon,
Portlogic Systems Inc. (OTC: PGSY) had a rough day Friday. However this small float stock could easily bounce back early this week.
What kind of gains has this stock been capable of?
Well just last month it was trading as low as 30 cents and hit $1.34 the SAME MONTH!
The move was roughly made in 2 weeks time and represented over 300% in gains!
If that hasn't impressed you PGSY was trading as low as a nickel, yes, just 5 cents, and hit $1.00 a few days later.
The stock was at $0.05 on August 27th and hit $1.00 on September 1st.
A gain of 1900% in less than a week.
Low float stocks are capable of huge swings like this due to the low amount of shares they have available to the public.
Make sure PGSY is on your watch list because you never know when the next upswing may be ready to take place!
About the Company:
PGSY is a mobile and Internet software developer. The company develops and sells enterprise mobile marketing applications solutions, and kiosk hardware and software products.
This includes:
M2Ticket -- a white label ticketing solution which manages the sale and delivery of tickets through mobile phones for the entertainment industry.
M2 Kiosk -- a self contained ad platform that offers high quality video and rewards its viewers with rebates or coupons immediately after watching the sponsor's message.
M2Workflow -- for corporations looking to high granular control over all of its digital assets, including documents, videos, images and contracts.
Back in September of 2013, the company's FAMILIES social media network site was released for Alpha testing.
PGSY just last month announced that the network is in the final stages of development, and a select group of beta testers will provide feedback on the web version, and will be creating a mobile interface in the next few quarters.
"We are excited that after all of these years of hard work, we can finally see a direct path to market. Our suite of disruptive products is now ready for commercialization and I am pleased to report that the company will immediately begin searching for an experienced management team who will drive revenue in every product class." says Jueane Thiessen, CFO.
This is a company that has been putting in a lot of effort and work and it may be soon paying off!
These could be the most attractive levels and if more developments surface on the FAMILIES social media network, it could be the catalyst.
Social media is one of the biggest things that ever hit our planet and we know how big a market there is for these kind of networks. Facebook has proven that.
Start your own research at: http://www.portlogicsystems.com
We will be getting back to a NASDAQ or NYSE exchange traded pick in the next few days. If you are not comfortable with pink sheets companies no worries, just be patient we will be back to our core small cap picks soon.
The Team |
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