Is Portlogic Systems Inc. (OTCMKTS:PGSY) Too Risky To Buy?

Portlogic Systems Inc. (OTCMKTS:PGSY)’s pump is still pushing the ticker up – but is that ride becoming too dangerous?

Well, the landing page and the efforts of InsideWallStreetReporter have been successful in attracting attention to the ticker, and the results can be seen on the charts. The problem is, this suspicious activity has also drawn the notice of the OTC Markets, and as a result the company’s profile page was stamped with a skull and crossbones symbol just days ago.

The message is clear – buyer be ware, and in the end, that is probably what investors should do – for one very simple reason. When PGSY inevitably goes down, it will most likely go down hard and fast, and anyone still holding the bag when that happens will suffer horrendous losses.

Of course, there’s no real way to know for certain what will happen and when, but the facts surrounding PGSY should be enough for anyone interested in it to make a pretty accurate estimation. Pumpers were paid 10 thousand dollars to pump PGSY. Combine that with the company’s tendency to issue shares, as demonstrated in the following dilution statistic:

• As of January 15, 2015 PGSY had 206,5 MILLION shares of common stock outstanding
• As of May 31, 2015, PGSY had 276 THOUSAND shares of common stock issued and outstanding
• As of September 15, 2015, PGSY had 33.5 MILLION shares of common stock outstanding

Also take into consideration the fact that a mere four months ago one million shares of PGSY common stock were issued to an entity named Fenwood Capital at a rate of $0.02 per share, and the fact that PGSY‘s outstanding debt is far from repaid.

Investors are advised to punch all of that into a calculator and see if they like what comes out.

In conclusion – PGSY may still be hot, but investing in it becomes riskier by the day.