Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sigh...
Its not that simple. The number of outstanding shares dilutes share impact on pps. Therefore, the more shares there are outstanding the more shares need to trade in a positive direction in order for pps to rise.
Um, correct. That... is... my... point.
It doesn't matter if they're "frozen" or not. In fact, that makes it more difficult to increase pps. This is because though there are 700 mln shares, and those frozen shares are STILL IN the float, that they are frozen means that they can help to move the pps. They can't be traded upward. They just sit, like a blockage, requiring even more buying pressure to work through and past it.
This makes it worse! If that many shares definitely can't move, then even more pressure from the float is imparted downward on pps. At least, if those shares could trade, then there would be possibly of slightly easier upward movement on increased positive incentive and upward day trading.
The float was VASTLY less last time.
The increase in outstanding shares puts significantly more pressure on upward mobility this time around. Significant pressure, making such a run-up highly unlikely... ever... again.
Ok, thanx.
So, "Disgorgement" would simply return the Preferred to Common? Or, it would dissolve those shares entirely?
The share cancellation seems the most sensible, first focus of any settlement. Major return and easiest argument to make.
So, estimated 250-500mln shares possible return? Does that sound reasonable to people?
If so, what would that do to the stock? .10, .20, more?
Unfortunately, even IF the crooks are fully indicted, there is no guarantee that their shares will be dissolved.
But, yes, I too would love to see that happen.
Do you have any evidence that "300-500 million shares" will be dissolved? Or, is this just a nice wish?
They're audited.
Well... he "can", it just wouldn't be prudent since it is... illegal to do so.
It would seem ridiculous to not take at least some position at this point.
Just on next rev reporting it will at least double. But, then there is likelihood of the CE being removed on completion of fed indictments, uplisting, and also the strong possibility that CV and others' shares will be dissolved, greatly reducing the float.
I wouldn't be surprised if we're at a floor of .25 by early 2020.
You seem new here. Welcome.
Yeah, you'll never hear substantiation to any claims from that direction. Only "blank opinions". I prefer the term, "vapid opinions".
Don't get me wrong, I'd love it.
Seems highly unlikely. He just took a Chairman's position with Gage.
I'm looking to do that as soon as it drops into the .03s again.
Too hard to say at this point. Its possible. But, there are too many unknowns in the investigation right now. This could go in many different ways. For example, this could stay on indictments with Vaccaro, et. al. and shares he owns could be dissolved, significantly helping us holders. Or, the investigation could find footing inside POTN itself and indictments could be leveled against the company itself.
The latter seems less likely given the initial court filings and the time since.
This is profoundly undervalued.
CE will lift, uplist will happen, millions of shares retired on prosecutions of Talib, CV, and that other crook, FDA will rule and open up CBD to food markets, and revs will pop!
When everyone is selling, best time to buy.
Why, exactly? Please, be precise in substantiating your claim.
.0036 is a very precise number, How, precisely do you come about it?
That clarifies nothing. It just links me back to the main board of all posts again.
You know, it would generally help if... one just simply states the position.
True. CE status would tend to significantly impair volume. Just imagine, any volume we see now would likely be twice that, if not more, without CE.
Perhaps you could clarify your position then, because at this point it just seems nebulous.
You literally wrote, "another penny stock scam exposed", and then laughter.
Now you vaguely suggest this was not your view.
If you simply stated your view, that would likely help with any intent to communicate a specific thought.
I noticed you're not responding to my question.
"Exposed for what, exactly?" Please, be specific. Also, providing a link with direct evidence to substantiate your claim would be helpful.
Exposed for what, exactly? Please, be precise.
It would help if you linked us to direct evidence to support your claim.
No, it didn't.
Again, the claim is that due to criminal activity, somehow the shares can be reduced.
The article does not detail these cases. A "buyback", for example, would be when POTN uses revs to buy shares back, thereby reducing OS.
How does this have anything to do with criminal activity from CV and others?
I can see how this happens if they are restricted. But, once they're already in the float, how is this possible?
How exactly do you propose this will happen?
OK, thanks, but... that is obvious. What was alluded to was the cancellation of shares due to nefarious activities with them by CV, et. al.
A buyback would be great. Maybe if POTN were to recover damages they would use that for a buyback.
Likely not, though. Just as they have not used any revs for buyback, and don't look to do so in the near future, they'd probably also use any damages won to simply continue to grow the product and market base.
While that would be beautiful, I don't see how that's technically possible. Once they're in the float... they're in the float. Or, so I've always thought.
Unless, you could clarify?
This is good news, but my understanding is that it is a relative pittance.
$25,000?
You said "will be". But, there is zero evidence that either shareholder or SEC will be litigating just as there is zero evidence that mgt committed fraud and breach of fiduciary duty to investors.
Unless you have some? Any? If you did, I'm sure the FBI would love to have it.
Oh, really? I missed this.
Do you have a link for this?
That's like one of those Fox News lead-in questions to suggest an idea.
While it's possible, it doesn't appear likely. We would've likely seen something further in terms of impact to POTN, trade halting, etc... if Hagen was implicated in collusion.
Most likely, the CE status (which was also placed on VPOR and WLAB) is due to them being named in a significant stock trading investigation. Even though they weren't named as co-conspirators, the fact that they're Pink and were the targets of massive manipulation with an ongoing FBI investigation and indictments would trigger a "Buyer Beware" designation.
There is no causal connection between CE status and illegality, per se, however.
I expect the Vaccaro problem to have helped POTN and that the investigation will likely find no nefarious activity within the POTN executive team. In fact, Hagen or others might have been the whistleblowers. CV and his friends were crushing this pps.
And, with them out of the way, a good chunk of shares might be cancelled to help the dilution problem a little bit.
That is the major problem I see now with POTN - dilution. It is serious and puts major downward pressure on pps. Even with CE status removed, POTN in the clear with the feds, excellent Revs (and profits), and an uplist... they would still struggle to get near even half of their all-time high due mainly to the weight of dilution.
Because of that dilution, we need record, positive volume every day for weeks, if not months, straight to get anywhere near our high.
That's not a surprise. It is common and it is really a non-issue in the field of legal practice.
VPOR and WLAB also have CE status.
It could easily just be because they were named as targets of a large scheme under FBI investigation.
No, it doesn't.
It shows that there has been some level of problematic behavior with the stock.
That's it.
The Feds' investigation into these three large holders could be sufficient for the Skull and Cross Bones.
Anything else is mere speculation.
Well, sure, any claim to information at this point is speculation. Indeed, your assumption that there wouldn't be a gag order is also speculation.
In situations like this, some level of quiet is either recommended by one's legal team or mandated by the investigating bodies.
This seems most probable.
Wonderful time to buy.
Yeah, they really should be there. This is a very obvious, rookie mistake.