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Yes, it has been rough. IMO low volume and anticipated progress setback due to covid delays caused share price to rise too fast. Then a big holder sold half their stake at $40+. Going forward I expect a slower, sustained rise driven by positive news. I did sell some on the way down but now beginning to add. The future looks bright.
Shareholder letter gives update and roadmap for the future:
https://www.portagebiotech.com/wp-content/uploads/2021/08/Portage-PR-Shareholder-Letter-8.12.2021-FINAL.pdf
Yes, Topline Capital Partners, 96.5K at $3.42. They have a very good track record. Most recently USIO.
Portage making the right moves to advance portfolio. Watch for much progress this year.
https://longevity.technology/juvenescence-scoops-up-new-longevity-ip/
New CFO recently announced and now preparing for uplist.
https://finance.yahoo.com/news/portage-announces-non-brokered-private-120000259.html
I just got this email from Mike Hall:
"Dear Natural Shrimp Nation,
There is good news tonight. Gerald tried to negotiate with Vera Blue out of Des Moines. It would have been a good deal, but they have so much money the price was not right for Natural Shrimp. So they will rebuild in LaCoste. It should take 4 months before they can start production. Things are underway to make the facility top notch. Tom Untermeyer has developed an automatic feeder for the shrimp. They are asking their pls supplier to grow the shrimp a little longer before they are transported to LaCoste.
They will have 40 tanks when all is said and done. The excavator that does all of their dirt removal and such (Chester also moonlights as a Elvis impersonator) is ready to go. You cannot make this stuff up.
Many have asked about the Fire Marshal’s report. He swears it will be done last week. It never came in, but he says he will have it this week. Then the insurance will be paid and Natural Shrimp will be set. So don’t be cruel (sorry I could not resist) to Natural Shrimp. They have things under control. Their hedge fund who helps finance them is totally on board. So cash is not a problem.
The transition from untradeable stock to tradeable is about ready. They are 98% done getting everyone’s signatures. Gerald does not know how long that will take. Maybe 3 or 4 months. It is a rather moot point now with the stock at $.05.
The hope is they will have their first harvest from the new plant around the first of summer of 2021. Then the hope is to be on the Nasdaq the first or second quarter of 2022. Gerald is talking with the people now who “uplift” companies like ours.
There are a lot of moving parts and some potential great things ahead that I cannot report on until it happens. So all of you have been most patient with this endeavor. It could still be great so don’t lose hope.
Thanks,
Mike R. Hall"
Initially I bought into the story. As time went on, I was disappointed in the lack of communications from management. IMO, they’ve had too many setbacks for me to continue to support the company. Lack of independent verification of their progress and lack of supportive video tells me a lot.
I sold long ago but kept an eye on the company. I see opportunity for traders to profit but no long-term investment. Good luck to penny longs.
I saw it an update for shareholder approval, which they did get. I had this pasted to word doc:
“The Company will also be seeking shareholder approval to a consolidation of its common shares up to a ratio of 120:1 with the final exchange ratio and implementation date to be determined at the discretion of the directors of the Company. As required under the CSE rules, a name change will accompany such consolidation if, as and when effected. The Company is seeking approval at this time to allow it flexibility to implement these corporate changes as business circumstances dictate (such as a financing or senior exchange listing).”
up to 120:1
I believe you need to subscribe to read older articles. This one I follow is several years old.
https://seekingalpha.com/article/4004355-portage-biotech-management-provides-key-insight-strategic-vision-stock-remains-extremely
Uplist to Nasdaq expected in near future. Stock is considerably undervalued and many will be buying before uplisting.
I saw the video and was very impressed. It showed 72 views when I watched it this morning.
How was it possible for a company to claim “INND is headed to Nasdaq" and fall from a dime to .0005? Something does not add up....
I bought at $42.50. I made a lot of money since IPO and believe this company has a lot of potential.
I’ve been out of this stock for a long time and by the looks of progress my decision was a good one. Too bad Matt let so many investors down.
CEO sounds very confident good news is on the way:
"Gerald Easterling, CEO and President of NaturalShrimp (SHMP), commented: “We are excited about the launching of this informative website as a way of communicating more effectively with the public. Look to this website and digital media for many upcoming substantial announcements coming soon.”
New investor and I submitted a question on new website that has not been answered. A few months ago, I spoke to Mike Hall and learned some history about the company.
I followed up with Mike today and asked him who was checking website for inquires. He wasn’t sure but asked what was my question. I told him I wanted to visit the facility in Texas where they are growing shrimp and he told me visitors are not allowed for security reasons. He did tell me they are growing shrimp and expect harvest in March or April.
I asked if they could post a video of growing shrimp on website and he said that is a good idea and he would discuss with Gerald when he gets back in town.
Material status change filed today with CSE. Expect reinstatement soon.
https://webfiles.thecse.com/sedar_filings/00008656/2001091113074528.pdf
"The material change is reflected in the March 31, 2019 annual financial statements which
disclose a substantial increase in the value of the assets of the Company from approximately
US$10,000,000 as at March 31, 2018 to US$173,000,000 as at March 31, 2019; a change of
1700%."
Letter of intent is a joke. They’ve had all year to show progress and are going into 2020 still delinquent on SEC filings. No responsible broker would expose clients to this much risk.
Yes I was done long ago but Curt doesn't know it. I was fortunate to have made a nice profit but have no plans to get back in.
Enjoy your holidays
Just call Coinstar to find out how Provision is doing. Better yet, ask what happened to the Joyful ATM deal that was in last SEC filings. I learned the hard way talking to Curt in person or by email is useless. GLTA who hang on to his dream…..
There have been no updates on Coinstar website since June 5, 2018. I just called Coinstar customer service at 800 928-2274 and was told Provision coupon service is no longer supported. If the customer service representative was wrong, management needs to update their employees.
When you go to Coinstar's website, you will no longer find Provision promoted. (Looks like the pilot program has not gone well.) I asked to Curt over a year ago that if revenues were so good, why wasn’t Coinstar helping with roll out the Toppers in all states. He had no answer.
Curt is a dreamer but has yet to cash in on that dream. Oh well, there is always next year……
I'm no longer in this stock but did reach out to Curt on November 21st for an update and got the standard generic reply:
"I can assure you that the management team and board of directors are aggressively working on moving the company forward towards a very successful, productive, and prosperous future as we get closer to 2020.
Best regards,
Curt"
I am sharing part of reply received from CEO Ian Walters a few days ago. Therefore, I expect to see news very soon.
“It is our plan to get trading back up, and to look for better exchanges to create more liquidity.
I am truly sorry for lack of additional news. We are crafting some releases now that will speak to these issues.”
I don’t believe charts are reliable for OTC stocks. What will move this stock is execution. Next week’s promised PR should be very positive.
Kevin Harrington ads running in fourth quarter will be a significant event.
Finally, tinnitus laser treatment approval expected by year end.
You're welcome. I saw you posting on the SHMP board. Recent press releases convinced me to start a position.
At least SHMP management communicates with shareholders!
You are right, Curt cannot be trusted to be truthful. After several years, I recently sold the last of my position. I only reached out to Curt because a friend told me it was strange that PVHO had no bids. (I did not tell Curt I am no longer a shareholder.)
Good luck to all who continue to hang on. I've moved on to a better opportunity with OTC SHMP.
I asked Curt this morning why there was no bids for the stock this morning and if everything was going well. Here is his reply so I hope it helps those still hanging on.
" we're still hanging in there, keeping very busy, and hoping to put
some news out in the near future. Thanks for your support and continued
patience, Curt"
According to August 30th PR and Matt's previous tweets, Kevin Harrington ads should drive fourth quarter sales. When we see this campaign start, interest should increase:
• “Signed an Agreement with AsSeenOnTV.pro to produce Direct Response TV and Brand Response TV commercials featuring Kevin Harrington, who is the pioneer of the As Seen On TV empire and an original "Shark" from the Emmy award winning TV reality show, Shark Tank. These commercials will promote the NEXUS, its Self-Fitting Hearing Aids, Dietary Hearing Supplements as "Nutrition for the Ears" and the CBD Oil Product.”
Not the news I was hoping for:
https://www.prnewswire.com/news-releases/portage-provides-default-status-report-300906943.html
Kam Shah is the CFO of Portage. Here is his email if someone wants to contact him. ks@portagebiotech.com
Also, good way to follow Portage is this twitter link. Twitter name “Quint” is a big investor and close to board members.
https://twitter.com/search?q=%24PTGEF&src=ctag
It looks like Kam's timeline of this week may not be met. I'm not surprised.
Here is email I got from kam Shah yesterday:
“We hope to have a press release shortly which will explain the situation
Regards
Kam”
I was told the delay by new audit firm will strengthen balance sheet and will be positive with growth plans. Future filings are expected to be on time.
In addition to financial filings we will get a PR to detail update on future plans. Trading on CSE will resume once financials are filed.
It has been a year of over promise and under deliver. Time for Matt to give us realistic expectations going forward. He said he hired an outside accounting firm to be more transparent. Hopefully we see results soon.
Per Kam Shah, full company update and financials expected this week
I saw several questions today about the kiosk. This PR from Aug 5 explains they are fully automated and how they will drive sales:
https://www.globenewswire.com/news-release/2019/08/05/1896845/0/en/InnerScope-Hearing-Technologies-OTCQB-INND-Plans-To-Launch-a-Network-of-Hearing-Screening-Retail-Kiosks-in-Thousands-of-Locations-Nationwide.html
I asked my contact for an update on Tuesday. Here is his reply:
“Well I put that question to Kam Shah a few days ago and the response I got from asking if the financials would still be out by 13th Aug was....’they will be out when Marcum complete them!’ So am wondering if the 13th Aug date was replaced by the ‘within 90 days’ as per the second suspension RNS!
No reason for a long delay though. Should still only be days away max.”
I sold most of my shares in January for a nice gain. I dumped the balance of those shares today at .0031. I wasted enough time on this POS.