Portage Biotech Inc. (PRTG)

[mauiguy2]

I certainly hope it's not as big of an RS as you mentioned. A 250 RS is really big. And, I'll tell you why I don't like the idea.

I was a PTGEF shareholder before the BHVN dividend. Without checking the actual numbers, I remember the situation as being something like this:

During that final year, PTGEF moved basically from where were are now up to the .60's before it retreated a bit before the actual dividend. There was something like a 6x gain during that period. If there's a 250 RS, let's say we wind up at 25. Moving up 6x to 150 in a very short period of time is very unlikely.

Better yet, let me use yesterday's example. At one point in the day, we were up nearly 50%. It's very rare that a $25 stock moves up 50% in a day without exceptionally good news. Sure, there are some examples, but it doesn't happen often.

If an RS actually does take place, I'd like to see the new price be in single digits.

Anyway, these are just my thoughts. Actually, I don't like RS's at all. The majority of them end up as disasters. But, yes, occasionally they can be effective if done by a good company.