Anastas Gegov

Puget Technologies, Inc. (OTCBB:PUGE) Can't Go Up Despite The Touting

by Anastas Gegov November 15, 2013
PUGE_chart.pngPuget Technologies, Inc. (OTCBB:PUGE, PUGE message board) is going through a tough period lately. The previous time that the ticker was touted was back in the beginning of October and caused the stock to crash hard on heavy volumes.

PUGE managed to regain some of its value over the couse of the month until it started to slide down again with the beginning of November. Stock Mister (SM) stepped in to tout the company stock on November 3, but the promotion didn't work out as expected and the ticker continued its downward slide.

430LOGO.pngDespite the fact that SM didn't receive any compensation for the promotion, it was mentioned that he has a relationsip with Entourage Media (a third party), who has interest in liquidating owned shares. We checked Entourage Media out and found that it is a one-man-company, which leads us to suspect that Rafael a/k/a Stock Mister might be touting PUGE in order to sell his own shares.

There were no further emails from SM and the stock continued its descent. On November 12 Information Solutions Group, LLC also promoted the stock, but the results didn't differ much from SM's effort and the ticker remained on a downward course.

The volume of traded stock is rising in the past 3 sessions and yesterday PUGE recorded the biggest percentile loss in almost a month. The ticker lost 12.50% of its value while over 351 thousand shares switched hands and generated $330 thousand in dollar volume.

The company is issuing press releases regularly, trying to aid the promotion, but the effort isn't paying off. In any case, be sure to do a lot of due diligence and weigh out the risks if you have any thoughts of investing in PUGE.

63CTLE_chart.pngNano Labs, Corp. (OTCBB:CTLE) on the other hand is still continuing to climb and recorded another whopping gain of 65% in yesterday's session. The volumes of traded stock are also increasing and a serious correction might come pretty soon. Nevada Gold Corp. (OTCBB:NVGC) also recorded a good 37% gain and managed to make up for the previous session's drop.

Comments 2

1. Guest
January 06, 2014, 07:54AM

Quotes Ron Leyland is the man to keep your eye on here. Their (his) website has many pretty words that basically say zilch. Any 3rd year business student can make a better business plan than this clown. Oh and check this out...

Again, lots of fancy words but no real substance....

2. Guest
December 27, 2013, 10:35PM

Quotes PUGE is an obvious penny stock scam. Cannabis company 1 month, 3D printer the next month, but their SEC filings say they import bedding fabric ..... and only have $8,000 in assets.

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