Potnetwork Holdings Inc. (fka POTN)

[BIG D 4]

WELL !! THANKS SEC !! YOU DELISTED THE STOCK AND SCREWED ME FOR 23000 DOLLARS !! NOW THE CO STARTS OVER AND SHOULD HAVE TO BUY OUR DEAD SHARES !! DIAMOND WELLNESS !! I HOPE SOMEONE SUES THE HELL OUT OF THEM !! LOL ! THE BIG D !!

[Prudent Capitalist]

AH, the UTRM days, back with fraudulent con artists Frank Ottaviani and Todd Spinelli and their waterless toothbrushes.

[Brazman]

Thanks. Let us know if a class action ever crucifies this crew (including the UTRM days).

[retired early]

Thanks for the response.

[Prudent Capitalist]

No. Its stock registration was officially revoked by the SEC on June 9, 2023, and these shares are delisted. i.e. worthless.

https://www.sec.gov/litigation/admin/2023/34-97676.pdf

[retired early]

Is this stock still trading? It looks action still going on.

[cuckoo 4 cocoa puffs]

https://ci3.googleusercontent.com/meips/ADKq_NZSa9Rc7yaY3pZYdfXx9HMSjGxNcNgvFS_4Q0ihoYYAzWRHQbTQbz4LcwWrtnPlC8-JI9hrPRXw2V9Pduo00uhfgz_7zQ0UMHE6Epkc470RF2JbAeDqyxnD_JDIEFismyK47uBaSdlyW-IMhLzAKEbhZMiNXHaUJsU9=s0-d-e1-ft#https://d3k81ch9hvuctc.cloudfront.net/company/Hpm5Wb/images/7a2b30ac-efe0-4f7d-bd82-13abe3887846.gif
Interesting

[Locksmith]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173047902

[Ttoozak66]

why all of the delays is there still a trial for Vacarro

[Ttoozak66]

why all of the delays is there still a trial for Vacarro

[Locksmith]

Sentencing hearing for Yosef Biton has been moved to May 14, 2024.

[DesktopDR]

Scum of the earth. Life in prison!

[Locksmith]

Sentencing hearing for defendant(s) Svorai and Taieb has been rescheduled for June 27, 2024

[P.Persona]

I have the same question? My dad invested into this years ago and I'm trying to do some research for him on this, but looks like it was a scam...? Doubt we'll get anything back!

[DesktopDR]

Is there any chance that shareholders will get some of their money back?

[Brazman]

Merry CHRISTMAS!

[BIG D 4]

THANKS SEC !! YOU SCREWED US STOCK HOLDERS !! DOES ANYONE THINK THIS STOCK WILL RISE FROM THE DEAD ??

[Locksmith]

Sentencing has moved again. New dates/times:
Biton 3/14/24 11:00 ET
Dror 3/14/24 2:00 ET
Taieb 3/14/24 3:00 ET

[Ttoozak66]

Still looking for any information on restitution hearing or where I may find it.

[Locksmith]

Not yet. Emailed updates usually come out a day later, or so. I did not attend/listen in.

[Ttoozak66]

Any news on the restitution hearing?

[Randyfloyd420]

I bet he wears a little hat

[Locksmith]

A status hearing is scheduled for April 25, 2024, 02:00 PM ET for defendant(s) Charles Vaccaro, Dennis Ruggeri, Gary Berlly.

A trial is scheduled on June 3, 2024, 09:00 AM ET.

The sentencing hearing for defendant(s), Eli Taieb, has been set for January 3, 2024, 02:00 PM ET

[Ttoozak66]

Has everyone now accepted a deal or is there still going to be any trials.

[Locksmith]

New sentencing dates:

The sentencing for Yosef Biton, has been set for January 3, 2024, 11:00 AM ET
The sentencing for Dror Svorai, has been set for January 4, 2024, 11:00 AM ET

[Locksmith]

New sentencing dates:

The sentencing for Yosef Biton, has been set for January 3, 2024, 11:00 AM ET
The sentencing for Dror Svorai, has been set for January 4, 2024, 11:00 AM ET

[Huggy Bear]

Not near enough.

[TB]

Kevin Hagen CEO of POTN (now defunct) got sentenced to:

Incarceration of 1 year and 1 day
Followed by supervised release of 3 years
Special assessment of $100
Fine of $15k
Plus, there’s a restitution hearing set for November 21, 2023

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172732873

[CashBowski]

No problem :)

[Locksmith]

Got it. Thanks again.

[CashBowski]

It’s a single superseding indictment, which involves all these people commingling pubcos and their perspective roles that tied them to the financial criminal charges. I would say it’s all going into a fund and then distributed at the conclusion of the case. Idk what formula they’ll use, or if it’s X$ = Y% or some complicated differential scale.

[Locksmith]

Thanks Cash. Do you know if they will pool the assets and claims across all the cases, or do they go sequentially so the ‘last’ case potentially has nothing to distribute?

[CashBowski]

Another set, but I don’t think it’ll be long. This is when they go for the assets to try to recoup losses for those that submitted a claim. It’ll all go into a pot with all the other defendants and then whatever they can squeeze out will be distributed.

[Locksmith]

Yes, saw that too.

Being legally illiterate, it that a one and done or the beginning of another set of court dates?

[CashBowski]

More importantly he got a restitution hearing scheduled for November 21, to squeeze him for what he stole from shareholders.

[Here Today]

Hope they play “Cornhole” with his ass while in prison!!!

[Locksmith]

Hagan got 1 year + 3 yrs probation and a $15k fine.

SMH

[Cold Italian]

Some one should write a book on the POTN story, and how all this played out in the context of the CBD craze, while investors can get their investment hijacked by bad actors.. Furthermore, the bad actors are able to use the legal system to drag this out, to their at least short term benefit. I get penny stocks are highly volatile, and this could be a glaring example to educate the public, while also shedding light on how our current system is structured, and could be improved? I for one would having followed it from the beginning would love to know exactly what happened especially in light of the fact we see the same company operating a website, and apparently still has some kind of retail distribution element as well operating. Would it be too much of an indictment of the penny stock industry for all of this to come to light? It seems to me to be a very teachable moment on the perils of investing in penny stocks.

[Here Today]

And what does have to do with the question that was asked and the response that I gave? Only connection I see is that it is another stock that has the same legal counsel as what POTN had which is non other than Jonathan D. Leinwand. Are you trying to say that whatever stock Jonathan D Leinwand is involved with is a scam or pump and dump?

[TB]

sorry. game over https://www.otcmarkets.com/stock/LCLP/profile

[Here Today]

Hagen’s I believe at 3pm

[Ttoozak66]

Just curious if there is a sentencing hearing today.

[retired early]

Bought tons @ 6 . Watched it go to 92 ( whisper was it going to 3.00 ) and finally pushed the sell at 23. Big regret but I was greedy and learned some. Most here learned some. :(

[TB]

Periodic Report



https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20171182699&fileId=20221595657

https://www.sos.state.co.us/biz/BusinessEntityHistory.do?&cmd=passgo&pi1=2

[Propain]

They should just push all the sentencing dates out until death. The Federal courts are a joke.

[Locksmith]

Hagan’s sentencing date has been pushed to 8/28/23.

[Brazman]

Any lawsuit against these scumbags still out there?

[Ttoozak66]

I know this is dead but still wondering on court cases would like to see that they get punished!!!

[billytbone]

Greed kills, every time.
You should have at the very least sold enough while the big profit was there to get your original investment out.

[sgpihub]

ArcA, I was and am in the same boat. I was giddy back in the day, watching my account gain $10k, $12K a day during the pump. I thought it could go on to $10 a share. such lessons we learn.
I thought, it went up, it's coming down, but it'll go back up again. NOT !! I am stuck, down $50k. Maybe it will trade again, who knows.