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Considering the Dow is down 800, POTN isn't doing too badly. I wonder how long it takes to get the CE off the OTC page.
Or just getting started- without Vacarro selling into every rise.
The 15 or so cannabis stocks on my radar are down 3 to 11%. IMO you can blame a large part of this on crazy tariff wars and political uncertainty (and insanity).
I agree, IMO cannabis will start going up again with the good earnings surprise from Aphria, the analysts most hated. I am looking for a good Q2 from other big Canadian cannabis stocks to start the run, followed by POTN of course.
Hagen granted a number of restricted shares for loans to private equity firms such as Illiad Research out of Chicago, for very favorable terms, .45 per share. Do your DD below.
https://backend.otcmarkets.com/otcapi/company/financial-report/220936/content
The truth about unrestricted shares granted during the year that Hagen was CEO- based on the most recent quarterly report disclosure, link below, 21 million unrestricted shares were issued, not 100 million or more as claimed
https://backend.otcmarkets.com/otcapi/company/financial-report/220936/content
In contrast to claims made on this board, if you look at the most recent quarterly report (link below), during the time Hagen has been CEO there have been a total of 21 million unrestricted shares granted for debt conversion which could have been sold on the open market- not hundreds of millions. Any other shares paid to Taeib or Vacarro were during the former CEO.
https://backend.otcmarkets.com/otcapi/company/financial-report/220936/content
The CEO should be working the weekend considering the gravity of the situation. My fear is that we have to wait for info from the company. By the way, VPOR also has a caveat emptor on their OTC page and apparently is in a similar situation.
This situation could explain the lack of transparency regarding POTN share structure. I look forward to seeing more transparency and hope these criminals have their shares confiscated in the near future. I wonder how long this takes?
People that plea have already been arrested and charged with the max. Hagen looks pristine so far.
POTN is so unpredictable that you could be right.
It is also speculation that all of the new shares recently converted from preferred have gone to the crooks. IMO Hagen is using them for other more beneficial purposes.
Wait for more info which I sure hope comes Monday considering the caveat emptor sign. I am holding because I think it is at rock bottom.
Hagen has only been CEO for a year. There weren't many conversions in that year, and the terms were set before he became CEO. However, he has spent that entire year getting POTN shares registered with the SEC. Within weeks of success, Vaccaro was arrested. The arrest report states that the CEOs didn't know about the illegal scheme and the companies were not involved.
Who is Eli Talib- a VERY good question and I also am wondering when this criminal showed up with POTN shares. Can anybody shed some light on this?
We know that the terms of the loan to Vaccaro were set long before Hagen became CEO. We also know from the arrest warrant that Vaccaro told the undercover agent not to tell any of the CEOs of the companies involved, and Hagen was not arrested. So it comes down to whether Hagen was working with the FBI and SEC all along, IMO. Worst case scenario we get no news or updates for a while .
Let's hope we get some clarity this week.
The CEO is responsible for everything that goes on in a company. If guilty, he would have been indicted by now. Hagen registered POTN for FULLY REPORTING with the SEC. That is not criminal behavior, it is the opposite.
Hagen is clearly seeking loans from reputable firms on excellent terms now rather than from grifters like Vacarro. POTN obtained a loan in Q1 for over $3 million from Illiad Research out of Chicago in return for shares valued at .45.
I hope to see a PR put out by Hagen Sunday night or early Monday if the law allows it.
Are you seriously criticizing a company for marketing their product to increase sales?
Hagen has a boatload of shares as incentive and has made good progress in spite of Vaccaro.
And we need some clarity on how many shares went to Vaccaro and what the new shares in the float are being used for.
It is a HUGE plus that Hagen has gotten POTN registered and fully SEC reporting, and the yield and promotion signs removed. Vaccaro was the primary factor holding the share price down IMO. I just hope we get out of the Vaccaro problem quickly- the courts move slowly.
In comparison to POTNs 25 million and growing, what are HMPQs revenues? Having a well known brand and high revenues may help POTN get past this faster.
We know from a PR by Goulding in mid-2018 that the company had sold around 25 million shares on the open market in Q1 2018 to retire about half of CV's debt. Hope that's all CV has received so far.
I agree. Best case Hagen gives us some clarity Monday about shares being frozen or lawsuits to return them from the criminals back to POTN and a great Q2 revenue number. Many of the current shareholders are willing to hold according to a poll on fb.
It doesn't make sense at all to me that CEO Hagen, owner of many millions of POTN shares, would work hard to hire a salesforce, increase sales and high quality products, and register financials with the SEC, while knowingly conspiring with Vaccaro and his criminal gang to have the SEC put Hagen in jail and tank the share price and his rep as an attorney and businessman. Surely he will give the shareholder community clarity this week or as soon as he is able.
The contract to pay Vaccaro back at .003 for his early investment of millions was made long before Hagen took over POTN, during Goulding's reign or earlier. I remember an article by Alan Brochenstein about this in 2017.
Hagen started out on the advisory board and doesn't seem to have any past history with Vaccaro or Gouldings.
I have wondered about Leinwand, I agree that he seems to be linked to Vaccaro's gang a lot.
It has all been reported to the SEC apparently. Does the public really know how many shares were given to Vaccaro? The number of non-preferred shares has been increased but we don't know what they have been used for.
Paying back Vaccaro is not illegal. Everybody knew that Vaccaro had shares.
Hagen didn't know about the scheme outlined in the arrest warrant for Vaccaro, it was stated in the arrest warrant that CEOs weren't told. The .003 conversions have been reported in quarterly reports for years, they are not illegal.
What's taking a long time?
I found that and an article saying that he didn't pay income taxes for two years. What a criminal- I suspect that will find a number of additional criminal acts.
Let's do some math. POTN is a top 10 retailer with an established brand. According to Bloomberg (see below), the US market is growing to 24 billion within a few years. POTN share of that is 2.4 billion within a few years. Once we show quarterly revenue and profit growth, we will have a PE of at least 8. The SKY is the limit.
https://www.magzter.com/articles/4212/360146/5d31a86fe0978
Up list any day IMO unless Vaccaro's arrest causes a material change in share structure, which would require a 10k filing or something similar.
Big Q2 revenue report coming soon, big sellers in jail now, fully SEC reporting, big sales force hard at work, holding for .50 by EOY.
Exactly. In the arrest warrant, the FBI undercover agents explicitly stated that Vaccaro didn't want the CEOs of any of the target companies to know about the scheme. READ THE REPORT, a lot of falsehoods being spewed on this. YIELD sign is gone, revs will be big. That's all you need to know about POTN.