Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I have... Just wondering if there is something out there that I'm not already aware of....
Exactly... I mean, this has dragged on... tablets were to be out there by end of January... as a stockholder I'd like to know where to obtain one(hopefully at a reduced price) so I can try it out... now these apps, programs, etc... and the share price continues to drop. And, of course, no real communication from management on the state of the Company, etc...
What s going on?
So is this stock totally dead then?
Going to be big? Based on what? Is there some news that I missed? Where are the tablets?
Any new information? I'd like to buy one of these tablets and try it out....
Sorry, where did you see that info?
I guess this is real after all....
So, is this thing for real? Haven't seen any relatively recent info from Company.
I'd like to buy a tablet to try it out.... Where?
Does anyone from the Company read these posts?
I hold shares, want to buy more, but unsure due to the lack of recent info....
I hold since before the "concerts"...
Any input is appreciated please.
So, are we all being taken for a ride here? Has anyone received/seen the new tablet?
Whats the story here?
Any idea what is going on here?
Anyone still watching this stock?
Thoughts on XUII?
Tablet soon?
Funny..,
We should hope it lifts this stock ..,,
Happy New Year!!!
Thanks , Flex... Let's see how it moves... Hopefully up!
Any input on XUII?
The next PR is close at hand.
This stock will finally cross the $1.00 threshold.
Then it will be bought.
Let the "shorts" laugh all they want.
This was an email I received tonight....
Are they talking about XUII?
XUII??
Good evening!
I’ve found another stock with an attractive long-term growth profile and a chart loaded for action in the here and now.
Same great taste as a number of my most successful alerts, more immediately filling -- or at least that’s what I hope!
As usual, this is not going to be a bank-breaking opportunity. PPS is barely a penny a share here, deeply discounted no less!
The chart looks eager to go back on the offensive after weeks of giving the bears a free ride.
If we’ve hit bottom here, the next bounce could be a big one! And there’s no reason that rebound move can’t start tomorrow morning!
We’re moving into a busy season, so this may be the first in a string of firecrackers! Do NOT let this alert go unheard!
See you soon!
Any new news on this stock? Or just another piece of garbage waiting for someone to claim the symbol and begin something anew??
What happened at the end?
What is going on with this stock?
Frustrating.....
What's with all this negativity?
Imagine if they hooked up with older acts, and Generation X got into seeing their performers on line thru their iPads?
Instead if buying DVDs of performances?
The RRHoF doesn't embrace Progressive Rock (ok, Rush just got in), but perhaps this could be an avenue for that genre of music to be recognized again? And this is above those popular acts that could use this technology to revive their relevance in today's music, right along side today's popular acts?
And does this technology have any application in sports programming?
Just imagine....
Anything going on with this?
AOL buying Adapt TV - any significance for XUII?
Read the press release....
http://www.businessinsider.com/aol-buys-adaptv-for-405-million-2013-8
Based on what???
Where??? SOMEONE PLEASE EXPLAIN THIS STOCK!!!
Have been holding this stock for some time. Been burned. Not sure why the excitement. Can someone please elaborate?
News... finally something...
Form 10-K for PORTAGE RESOURCES INC.
--------------------------------------------------------------------------------
19-Sep-2012
Annual Report
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following discussion should be read in conjunction with our audited financial statements and the related notes that appear elsewhere in this Annual Report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include those discussed below and elsewhere in this Annual Report.
Our financial statements are stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles.
We are a pre-exploration stage company engaged in the acquisition of mineral properties.
Results of Operations
Our revenues since inception on July 20, 2006 to date have been $nil. For the fiscal year ended May 31, 2012, our loss from operations as compared to the fiscal year ended May 31, 2011 did increase substantially from ($5,098,389) for the fiscal year ended May 31, 2012 and ($21,591) for the fiscal year ended May 31, 2011.
The increase in the loss was due to a one time impairment of mineral claim acquisition costs in the amount of ($4,930,000) and an increase in professional fees from $6,099 (2011) to $30,168 (2012). Legal fees also increased from $1,286 (2011) to $10,269 (2012).
We have suffered recurring losses from operations. The continuation of our Company is dependent upon our Company attaining and maintaining profitable operations and raising additional capital as needed. In this regard, we have raised capital through loan transactions in the past, and presently believe we will be able to do so in the future, as well as to be able to raise capital by way of equity financings now that the Company is actively undertaking operations on its recently acquired properties although we can offer no assurance of this outcome as no specific arrangements are in place.
Liquidity & Capital Resources
As a pre-exploration stage Company, we have had no revenues for the period from July 20, 2006 (date of inception), through May 31, 2012. We expect to incur substantial costs while we commence exploration work on our properties, in addition to meeting our ongoing corporate obligations and debt servicing. As of May 31, 2012, we have cash in the amount of $571 ($0 - 2011), which means we have insufficient to meet our current liabilities which total $241,871 at May 31, 2012 ($136,901 - 2011). Further, we have no capital with which to continue operations or to meet commitments for our properties that will be required during the upcoming twelve months.
Accordingly, we will require additional funds to implement our exploration and development programs on our properties, and to meet our other pending obligations, including general and administrative costs and contractual property payments.
--------------------------------------------------------------------------------
Management believes that it will require a minimum of $1,200,000 during the next twelve months to meet its planned commitments. These funds may be raised through equity financing, debt financing, or other sources, which may result in further dilution in the equity ownership of our shares. There is still no assurance that we will be able to maintain operations at a level sufficient for an investor to obtain a return on his investment in our common stock. Further, we may continue to be unprofitable in the forthcoming fiscal year and beyond.
We need to raise additional funds in the near future in order to proceed with our exploration program.
For the fiscal year ending May 31, 2012 we anticipate that based on meeting our known obligations for general operations, required property payments and for planned exploration activities, we will be required to raise the following funds:
Amount
General operating costs $ 100,000
Payment of existing liabilities 140,000
Professional Fees 150,000
Consulting Fees 200,000
Property Acquisition Costs - Airon 24,000
Property Acquisition Costs - Cordillera Negra 45,000
Estimated Exploration Costs 500,000
Total $ 1,159,000
If we are to acquire additional properties, or undertake additional operational activities, we would be required to raise additional capital.
We cannot at this time say how much additional capital may be required. Should we be required to raise additional capital, there can be no assurance that we will be successful in raising the capital required to fund our planned expenditures or other additional activities.
We cannot accurately state at this time whether we will be required to purchase any plant or equipment or have any significant changes in the number of employees, as at this time these requirements would ensue from positive outcomes of the exploration programs on our two mineral properties. We however do not anticipate making any such purchases or hiring any employees until such time as it has undertaken the required exploration programs and results indicate the need to do so.
We expect to continue to incur losses for the foreseeable future and there can be no assurance that we will achieve or maintain revenues or profitability, or establish or sustain future growth.
Trend Information
We are an exploration stage company with an objective of acquiring, exploring, and if warranted and feasible in the future, developing natural resource properties. Our primary focus in the natural resource sector is gold and silver.
To take a resource property that hosts a viable ore deposit into mining production, takes a considerable amount of time and money, and the subsequent return on investment for our stockholders would likely be long-term. We would consider, if beneficial to do so and viable under then existing agreements, selling any ore bodies that may be proven to be of merit to a major mining company. Most major mining companies obtain their ore reserves through the purchase of ore bodies found by junior exploration companies. Although these major mining companies do some exploration work themselves, many of them rely on the junior resource exploration companies to provide them with future deposits for them to mine. By selling a deposit found by us and/or our partners to these major mining companies, it would provide an immediate return to our stockholders without the long time frame and cost of putting a mine into operation ourselves, and would also provide capital for us to continue operations.
--------------------------------------------------------------------------------
The search for valuable natural resources as a business is extremely risky. We can provide investors with no assurance that the properties in Peru, contain commercially exploitable reserves. Exploration for natural reserves is a speculative venture involving substantial risk. Few properties that are explored develop into producing commercially feasible reserves. Problems such as unusual or unexpected formations, and other conditions, are involved in mineral exploration and often result in unsuccessful exploration efforts. In such a case, we would be unable to complete our business plan and any money spent on exploration would be lost.
Our annual operating results are likely to fluctuate significantly in the future as a result of numerous factors, including and not limited to: (i) the availability of adequate financing; (ii) our ability to develop an organization infrastructure and effective management systems; (iii) the success of our exploration and development programs; (iv) the adoption of new disclosure and/or corporate governance requirements associated with the maintenance of our status as a publicly reporting issuer; (v) potential lawsuits involving our exploration activities or other matters; and (vi) fluctuations in commodity prices.
We do not believe that inflation has had a material effect on our business at this time.
Going Concern
In their audit report relating to our financial statements for the period ended May 31, 2012, our independent accountants indicated that there is substantial doubt about our ability to continue as a going concern. Such factors identified in the report are our lack of working capital for operations and to service our debt. These factors continue to exist and raise doubt about our status as a going concern.
We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock or by way of debt. At this time, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock or through a loan from our directors or unrelated parties to meet our obligations over the next twelve months.
We do not have any arrangements in place for any future debt or equity financing.
Critical Accounting Policies and Estimates
The preparation of our financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, management evaluates its estimates and judgments which are based on historical experience and on various other factors that are believed to be reasonable under the circumstances. The results of their evaluation form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates under different assumptions and circumstances. Our significant accounting policies are more fully discussed in the Notes to our Financial Statements.
Off Balance Sheet Arrangements
We do not have any off-balance sheet arrangements as of the date of this filing.
Its 2 pm... still waiting.....
Interesting - Could this help?
From Yahoo:
Once again John Paulson is choosing to heavily invest in gold and fellow billionaire George Soros is making a similar bet.
According to Bloomberg News, Paulson & Co. and Soros Fund Management bumped up exposure to SPDR Gold Trust to 21.8 million shares and 884,000 shares, respectively. Paulson & Co. now has 44 percent of its $24 billion fund exposed to bullion.
On Wednesday, according to Reuters, gold began to rebound after two straight losing days with spot gold climbing to $1,604.35 an ounce, up 0.4 percent. According to CNBC, in the previous four months gold has had a difficult time moving beyond a $1,525 and $1,680 range.
Something going on, or is it a big unload?
Thx for reply
I just found this also....
www.stockmarketquote.us/AMWI
Who is pumping this thing? Can you provide a link?
Thanks.
We'll see... We will see.
Keep the faith... Don't be so pessimistic!!!
??
Or is this thing finally moving?
Just remember, that info is almost a year old.....
It could be that something is going on, but I am not sure exactly what it is yet.....
Anyone know of any activity?
I think that this stock is just lying at a low... getting ready to jump up as cloud computing gains traction....
When???
How do you know that???