Potnetwork Holdings Inc. (fka POTN)

[DesktopDR]

Off with their heads. We need a class action lawsuit!

[CashBowski]

The three holdouts haven’t plead guilty — Svorai’s sentencing is in October. Hagen will be released from prison also in October. Berly was sentenced to six months followed by 3 months probation and $10k fine.

[Prudent Capitalist]

What is there left to merge? The SEC revoked the stock registration and all of the shares were de-listed long ago. If there are any assets left, and that is highly doubtful, the old common shares are worthless.

[Ttoozak66]

What makes you think that there might be a merger.

[harry crumb]

Might see a merger after all this is over

[Ttoozak66]

just wondering if all have plead guilty yet or when all of the court proceedings maybe done.

[CashBowski]

In regards to which defendant?

[Ttoozak66]

Do you have any court updates

[Ttoozak66]

CashBowski do you have any court updates?

[DesktopDR]

I was told POTN was a sure thing. I was speaking with CV via Facebook and he had me completely fooled. I would love a class action lawsuit. I'm hoping to make all of my money back invested in VPLM.

[Brazman]

Let me know, I’m down $100k+

[Brazman]

No idea, could be the next bag of scammers

[DesktopDR]

If there is a class action lawsuit, I want in. I lost about $60,000

[retired early]

I have recently been getting Diamond CBD for sale. I looked it up and it's not Potnet. Did they sell the Diamond line? I used to buy it when I owned the stock.

[Ttoozak66]

i certainly would like to get in on a class action

[Brazman]

Not sure, but I certainly hope so.

[DesktopDR]

Has a class action lawsuit been filed? I want in!!!

[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.