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Let's play a game
Let's suppose POTN ends the year with $2 million net profit.
If the price of POTN is .06 what is the P/E?
SeaTrue, looks like you are the only one to
figure that out....everybody else is off
on a snipe hunt.
The one sentence in their earnings release that caught my attention is:
" The increase in net income for Aphria in the quarter is directly related to the net gains on the Company's strategic investment portfolio in the quarter."
And if you do the math they actually had a loss on operating income.
That rev of $1.75M for Aug is AFTER the discounts per GAAP.
In the qtr ended 6/30/2017 rev=$3.2m..does anyone remember if they were running promotions (10%-50% off) back in that qtr (apr may june)
Let it sink in...that is huge news!...going to .07 today
Seems to have a wall of stone support here.
Hmmmm here's a thought....It takes approx 1 acre of hemp to produce 20 gals of cbd oil and the extraction process is very involved too. So it's not cheap under any circumstances....What if cbd in it's refined (or raw) form has to be refrigerated for extended shelf life...Also I would not think gummy bear material would do well in the Florida heat.....With the hurricane coming in and knocking out power (1-2 weeks) in that area, it might create the reason for the sale and the reason for the shortage on the website. Possible they lost some inventory.
This is the obviously the market addressing the things we talked about yesterday...rationalization on mm's, buyer, sellers, etc is nice but reality rules.
With all due respect your perception of what CPA firms do is totally lacking in accuracy.
Tired of arguing the point ....later
What!!! A CPA firm does audits AND taxes along with other book work..this is their slowest time of the year.
CPA firms are begging for work this time of the year as it is their slowest. Also sales is the easiest and quickest part of a audit so we should have some news if there are no problems with the books.
The judge was his step father. Obit pretty much links the 3 as brothers.
Here is a link to accting firm pr
https://finance.yahoo.com/news/pcaob-registered-cpa-firm-engaged-120000720.html
They are in Miami
Just look at the link
Two people can read the same thing and come away with different conclusion...that is what makes a market.
I guess we can respectfully agree to disagree
Per the link posted by Florida trader the new CEO was involved in Nutmeg LLC and I don't have to be a genius to summize that he wasn't just performing his alter boy duties while his brothers or whatever they were, that just "happened" to have the same last name, were doing their dirty work.
Jayrock...pretty smart, but they are probably are so busy "auditing" POTN that they don't have time to answer the phone, oh wait a minute, don't tell me they don't even have a receptionist.
Guys, nobody is trying to get your shares cheap, the bid is low and falling because no one wants your shares.
I think most of the posts here today are more geared towards informing the interested than influencing the interested.
just saying
Sorry, I am so close to passing out from the smoke that it's hard to believe there is no fire.
I'm sure the people who owned shares in the companies these guys scamed previously thought patience was a virtue.
If you take a chair, walk to the nearest train tracks and sit down, you will soon realize patience can some times be ill adivsed.
There's a saying...you will never change a mans mind who has a vested interest in believing what he believes.
Someone like that doesn't belong in the stock market.
Gotta be open minded.
#1 Rule: Capital preservation..got to live to fight another day.
Some times you gotta suck it up, admit you were wrong and move on...there are too many other stocks out there.
This is not a buying opportunity, this is people discovering a scam and selling.
To the big holders you have my sincere sympathy...hope you can sell above where you bought it...I've been there, done that.
GLTA
BullMarket that is some really good digging...So according to the court papers the brothers worked at Nutmeg LLC, David Goulding and Randall Goulding totally trashed their fiduciary responsibilities and had their hand in the till and our new CEO brother Richard Goulding was what? a innocent unknowing boy scout while this was all going on?
If what you are posting is true these guys are real scum.
Honestly I wish it weren't so as I have a lot of time invested in this company but tomorrow I sure won't have any money invested in them.
Good point WIC..why would you be low on inventory and then start selling what you have at deep discounts..just doesn't make sense.
Yes I understand Bullmarket, thanks
Bullmarket if that was the reason POTN has not reported August sales why wouldn't they just say that. If it were that simply they would be pretty stupid to leave everyone pissed off and in the dark instead of just pr'ing that. Not saying you but someone just made that up to see how gullible people would be.
"There will be no longer be monthly financial reporting going forward. They now have independent auditors and must report on a quarterly basis. They have 45 days after closing to report quarterly financial data per SEC rules. So expect Q3 numbers to be released no later than Nov. 14th."
They won't release their Aug revunue (I've asked twice in emails, they won't even acknowledge receipt) pisses me off.
Big block sales going thru today
Sold out of a lot of products on website.
Change CEO's
pr blackout on financials
The drop in stock prices shows we are not the only ones displeased.
Ok thanks FL inv
Fl investor the reason I asked is because you are a large holder (by my paltry standards) of this stock and I always feel it is important to know what the big guys are thinking. I hope you don't mind...sorry for being a pain.
Fl investor..ok found it, here it is for anyone interested:
This is why fl investor thinks POTN will be on the bus to paradise on 1/1/2018 when California legalizes pot.
Serious answer here. First, once it becomes legal by the states laws more retailers that today see CBD products as a gray market will start to bring our products into their stores; and second, CBD is the only substance that is legal at this point since its the medicinal part of marijuana, THC which is the recreational part of it is not, what do you think will stop diamond CBD from making a new line of products to reach this market since its a byproduct of the raw materials they are already using? IMHO we are very well positioned here. GLTA
Would appreciate if you could tell me about how far to go back to look for the message....thanks
Florida investor I have a question.
I think your answer would be helpful to the board.
You have said several times that when pot becomes legal in California it will be a boon for POTN.
If CBD oil is already legal in all 50 states how will the thc pot legalization in Cali help POTN.
Thaks
John
Where did you find that?
4 more blocks of 250,000 shares have been sold in the last 2 hours...who is unloading and why? Kinda crazy.
FYI: When POTN trades at the bid and then on the next trade it trades at the ask (1/10 of a penny higher) that is not a run, nor is a 1-2% change a run...let's keep it real.
.0995?? Where?? What day?? I see nothing in the archives or anywhere else showing it hit that price.
Time and sales is showing: Big guy sells, little guy buying
Has anyone else noticed this?
Does anyone know
if POTN does 3rd party financing of their receivables? That might explain alot.
Ok I called and asked to speak to investor relations.
The secretary told me he was in a meeting and I would have to ask any questions thru a email at ir@diamondcbd.com
I was told his name is Gary (pretty sure that is the CEO Gary Blum)
So I sent a email asking when they would be releasing the revenue figures for August.
The auto post said I would receive a answer in 24-48 hours.
So far I have receive nothing
My email was sent almost a week ago.
Anyone else want to try at the email addy above?
Question: What is the #1 rule of trading?
Answer: Capital preservation
I just visited their website...they are sold out of so much stuff their Sept sales have gotta suck, and from what I'm seeing Aug must not be so hot either.
And no press release to explain what is going on.
Gotta go with my gut on this one.
First thing in the morning if there is no pr I am a seller.
I am not a shorter and I am not trying to get cheap shares..I am not a buyer at any price in the present situation.
Call me chicken little (and you may be right). I'm sure I will get flak for this post but the newbies etc here need to see both sides of the fence.
Sorry guys, sincerely good luck to you all
I will be a buyer if/when I have a lot more information about what is going on in this company.
I'm thinking it goes to .06 by the end of the week if they don't release revenue #. I'll be adding there and below.