{"id":2848,"date":"2013-10-16T14:15:24","date_gmt":"2013-10-16T14:15:24","guid":{"rendered":"\/?p=2848"},"modified":"2013-10-16T14:16:18","modified_gmt":"2013-10-16T14:16:18","slug":"puget-technologies-inc-otcbbpuge-takes-a-step-down","status":"publish","type":"post","link":"\/articles\/puget-technologies-inc-otcbbpuge-takes-a-step-down\/","title":{"rendered":"Puget Technologies, Inc. (OTCBB:PUGE) Takes a Step Down"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/PUGE_chart.gif\" border=\"0\" alt=\"PUGE_chart.gif\" title=\"PUGE_chart.gif\" width=\"400\" height=\"231\" \/>Yesterday the stock of Puget Technologies, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PUGE\">PUGE<\/a>) moved just over a quarter of a million shares and closed 7% down. The ticker got back into heavier volume trading after a volume spike last Wednesday that subsided on the very next day. <\/p>\n<p>If you&#8217;re a fan of medical marijuana stocks and you just can&#8217;t get enough of the dozen or so green leaf tickers floating about the OTC market, you may have already spotted <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PUGE\">PUGE<\/a>. The company is yet another contender for fortune and fame in the marijuana market, only with a slight twist. One of the companies subsidiaries is called Cannabis Biotech and is looking into &lsquo;innovative solutions&#8217; using cannabinoids. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PUGE\">PUGE<\/a>&#8216;s other subsidiary deals in energy drinks infused with herbs.<\/p>\n<p>Despite its aspirations, it looks like the company has a lot of work to do before it catches up with hemp sector big boys. The latest financial report published by <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PUGE\">PUGE<\/a> contains some rather underwhelming numbers, as of July 2013:<\/p>\n<ul>\n<li>$8 thousand in cash<\/li>\n<li>zero quarterly revenues<\/li>\n<li>$26 thousand in net loss<\/li>\n<\/ul>\n<p>Additionally, the ticker was tergeted by several pumper outfits last week, before its first volume spike. The pumpers were touting a press release by <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PUGE\">PUGE<\/a>. The very same day of the pump and increased volume saw <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PUGE\">PUGE<\/a> drop by almost 6%. The company followed the PR touted by the promoters with a few more, informing the public that they have now retained Mr. Kenneth Morrow, a marijuana consultant and that Cannabis Biotech is launching new projects with his help. Sadly, the release concerning those new projects remained rather vague and it&#8217;s worth keeping an eye out for more promoters sending new touts for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PUGE\">PUGE<\/a>, to ride the PR tidal wave.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/90SKTO_chart.png\" border=\"0\" alt=\"90SKTO_chart.png\" title=\"90SKTO_chart.png\" width=\"330\" height=\"147\" \/>Some sector stocks had another lethargic day of trading, with Medical Marijuana, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a>) closing a fraction of a percent down. Others were far more volatile, with SK3 Group, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SKTO\">SKTO<\/a>) closing the day 24% down after a crazy green run.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday the stock of Puget Technologies, Inc. (OTCBB:PUGE) moved just over a quarter of a million shares and closed 7% down. The ticker got back into heavier volume trading after a volume spike last&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[8,1061,90],"class_list":["post-2848","post","type-post","status-publish","format-standard","hentry","category-news","tag-mjna","tag-puge","tag-skto"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=2848"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2848\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}