This morning I received emails promoting Portlogic Systems (PGSY) for the first time. The emails link to this website: http://breakawaystocks.com/pgsy/
Considering the low budget for this promotion and the poor stock promotion environment currently I doubt it goes up very much and it should make for a good short soon.
Disclosed budget: $200,000
Promoter: Eric Dickson / Breakaway Stocks
Paying party: Aspen Agency Ltd
Shares outstanding: 33,525,784
Previous closing price: $0.87
Market capitalization: $29 million
Excerpt from disclaimer:
Portlogic Systems, (PGSY), the company featured in this issue, appears as paid advertising, paid by Aspen Agency LTD to provide public awareness for PGSY.
KP has received and managed a total production budget of up to $200,000 per week for this advertising effort and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses, as a fee for its services. Breakaway Stocks is paid $5,000 as an editorial fee from KP and also expects to receive new subscriber revenue as a result of this advertising effort.
Full disclaimer (from landing page):
IMPORTANT NOTICE AND DISCLAIMER: This featured company sponsored advertising issue of Breakaway Stocks does not purport to provide an analysis of any company’s financial position,
operations or prospects and this is not to beconstrued as a recommendation by Breakaway Stocks or an offer or solicitation to buy or sell any security. Portlogic Systems, (PGSY), the company featured in this issue, appears as paid advertising, paid by Aspen Agency LTD to provide public awareness for PGSY. Aspen Agency LTD has approved and signed off as “approved for public dissemination” all statements made herein regarding PGSY’s history, assets, technologies, current as well as prospective business operations and industry information. Breakaway Stocks and Kingsborough Publishing (KP) have used outside research and writers using public information to create the advertisement coming from Breakaway Stocks about PGSY. Although the information contained in this advertisement is believed to be reliable, Breakaway Stocks and KP makes no warranties as to the accuracy of any of the content herein and accepts no liability for how readers may choose to utilize the content. Readers should perform their own due-diligence, including consulting with a licensed, qualified investment professional or analyst. Further, readers are strongly urged to independently verify all statements made in this advertisement and perform extensive due diligence on this or any other advertised company. Breakaway Stocks is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Many states have established rules requiring the approval of a security by a state security administrator. Check with http://www.nasaa.org or call your state security administrator to determine whether a particular security is licensed for sale in your state. Many companies have information filed with state securities regulators and many will supply investors with additional information on request. KP has received and managed a total production budget of up to $200,000 per week for this advertising effort and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses, as a fee for its services. Breakaway Stocks is paid $5,000 as an editorial fee from KP and also expects to receive new subscriber revenue as a result of this advertising effort. *More information can be received from PGSY’s investor relations firm.Further, specific financial information, filings and disclosures as well as general investor information about publicly traded companies like PGSY, advice to investors and other investor resources are available at the Securities and Exchange Commission website www.sec.gov and www.nasd.com. Any investment should be made only after consulting with a qualified investment advisor and after reviewing the publicly available financial statements of and other information about the company and verifying that the investment is appropriate and suitable. Investing in securities is highly speculative and carries a great deal of risk especially as to new companies with limited operations and no history of earnings. The information contained herein contains forward-looking information within the meaning of section 27a of the Securities Act of 1993, as amended, and section 21e of the Securities Exchange Act of 1934, as amended, including statements regarding expected growth of the featured company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, PGSY notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results of operations. Factors that could cause actual results to differ include the size and growth of the market, the Company’s ability to fund its capital requirements in the near term and in the long term; pricing pressures, technology issues etc.
PDF copy of landing page