Portage Biotech Inc. (PRTG)

[mauiguy2]

I think the proposed RS was one of the reasons the price per share declined yesterday. Many of us have heard the same RS argument many times with other stocks, but I'll bring up the issue one more time.

Personally, I don't like the move at this time. Why? I think the chances of the PPS going from .10 to .60 are much better than going from 10 to 60. And, one of the difficulties of going from 10 to 60 after an RS is that the shorts get in the way of upward progress.

BUT, as I've mentioned previously, I do like the PTGEF management. Their work with BHVN speaks for itself. So, I will reluctantly give management my support in seeking the RS. Without the BHVN factor, I would strongly oppose the move at this time.