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It's impossible for me to believe that the largest shareholders, such as CV, want to dump shares now, just before uplisting, for a tenth of what they will be worth at the end of the year. The CEO may need to put out a letter addressing this PR and short attack as other CEOs have had to do.
We are days away from uplisting. The share price will be .45 to 1.00 within months IMO. Big news is coming.
You seem to be confused. You really think you know more than the company management about earnings numbers?
Good find! Very interesting...
Please post photos of the Diamond display at Champs if you can.
Since the internet stock craze round 2000, which I made a lot of money on but sold many like Ebay too soon, I have been watching for another similar rapid world-wide-growth investing opportunity. CBD/hemp is finally it. A year from now I will be able to retire or work for fun I predict, and POTN is one of my biggest positions.
I bought some more too, I think we are close to take off- next week.
Well said, I completely agree.
You will see them Monday and they will be impressive. It took a few extra days to count all of the money.
The below post does not say that POTN paid for the promotion.
I am not a licensed financial adviser. All potential percentage gains are based on from the low to the high of day. Fierce Investor full disclaimer is to be read and fully understood before using Fierce Investor's website, or joining Fierce Investor's email or text list. By viewing Fierce Investor's website and/or reading Fierce Investor's email or text newsletter you are agreeing to Fierce Investor's full disclaimer which can be read at https://www.fierceinvestor.com/disclaimer
Pursuant to an agreement between Fierce Investor (FI) and StockWireNews LLC, (a non affiliated 3rd party), FI has been hired for a period beginning on 5/14/19 and ending on 5/15/19 to publicly disseminate information about (POTN) via Website, Email and SMS. We have been paid five thousand USD via bank check. We own zero shares of (POTN).
A member of StockWireNews LLC owns an interest in Fierce Investor. Pursuant to an agreement between StockWireNews LLC and Awareness Consulting Network LLC (a non affiliated 3rd party), StockWireNews was hired for a period beginning on 5/14/19 and ending on 5/15/19 to publicly disseminate information about (POTN) via Website, Email and SMS. We were paid fifteen thousand USD via wire. We own zero shares of (POTN).
Yes it is, but not for long LOL
If the PO is from Diamond, doesn't that mean that Diamond is purchasing from VPOR?
"Vapor Group sells high-potency, high-purity isolate to CBD brands nationwide. "
Can somebody help me understand why the yield sign hasn't been removed from the POTN OTC web page now that the SEC forms have been submitted?
Thanks, I appreciate being alerted about any information that's out there.
The previous CEO had stated plans to settle debt and retire shares last year, then was replaced by the current CEO mid-2018.
We know that Diamond is scrambling to keep products in stock. As soon as I tried to purchase the LT cream 50% off it was already sold out the day the coupon came out. Which tells me that revenues are only limited by the ability of Diamond to increase production- good problem to have.
I understand this to mean that Diamond purchased from VPOR:
Vapor Group, Inc. (OTC Pink: VPOR) (“the Company”) secured a $210,000 purchase order for bulk CBD isolate from industry leader Diamond CBD, Inc., a wholly-owned subsidiary of PotNetwork Holdings, Inc. (OTC Pink: POTN). The deal, which is VPOR’s largest single order to-date, comes on the heels of a hugely successful April which saw the Company follow-up on their corporate restructuring initiative with nearly $300,000 worth of orders for the month.
POTN could buy VPOR with the extra 2 million in revs they are about to report for Q1 (my guess)- VPOR market cap is a little over $2 million. POTN is currently buying CBD from VPOR to put into their products. Buying VPOR would lower their CBD costs and increase profits, also allowing them to sell CBD isolate if there was any leftover after production.
They should just buy VPOR.
Up 11% - anybody see news?
Agree! Let's hope they give shareholders a real update with Q1 earnings like they keep saying they will.
I call BS on this- I was unable to pull up anything on any version of fierceinvestornews or fierceinvestornews and POTN on Google.
Q1 tomorrow. Great day!
You realize that the revs of the previous two quarters were $6 and $7 million? Are you talking about earnings?
And they had better use some revs to rev up their supply chain or ink a big deal with a high quality high volume USA CBD producer.
We need an update on the international sales also-
https://internationalcbc.com/europes-318-billion-cbd-market-poised-for-400-boom-through-2023/
Dow down 700, not too much green on my radar today.
You can thank dumb tweets that undercut smart experienced trade negotiators
Early stage angel investor in POTN is called toxic debt for having preferred shares. Strange label. Iliad Research gives POTN a loan in return for .45 per share (minimum).
I consider revenues more important during this rapid growth stage, and I would like to see 8.5 million ideally, a 20% increase over Q4. I also would like to see earnings increase substantially, but they are hiring salespeople and increasing product variety and production and that costs money.
I expect a jump in revs and hope to see earnings also jump higher. POTN is extremely undervalued for a growth company now that uncertainty is gone.
This week Q1 earnings, share price flies to .30 - my prediction.
POTN is now qualified to list on the CSE since they are SEC reporting. Once listed on the CSE they are qualified for uplisting on the OTC market.
And Vaccaro must not be too smart to take foolish actions that lower the value of his millions and millions of POTN shares.
I remember the strange postings that day- it just seems like a minor reason to put a warning sign on the OTC site.
Seriously? It came from a few posts on a below average message board??? I find that hard to believe but nobody has been able to find anything else.
POTN named Hagen as CEO around the middle of last year and he concentrated on pumping up sales and marketing. To my knowledge, since then there has been no other mention of retiring shares. IMO debt should be addressed first.
I see .12!
We will see dollars when the efforts described below by Hagen get market penetration and show up in earnings, possibly by Q2 2019.
"in November, you witnessed the introduction of what has become our highly successful MediPets product line, which opened completely new channels of distribution and outlets for us in the pet industry which represents $69.5 billion in consumer sales in the United State alone. As a result of the new line, today we are approaching multiple new points of distribution, from pet supply stores to veterinary facilities. We firmly believe that our product formulations for pet wellness are unsurpassed in the marketplace and have positioned us for strong continued growth in this new niche market.
We didn’t stop with pets. An announcement in December confirmed that Diamond CBD planned to claim a piece of the $46 billion coffee market with a line of coffee and tea K-Cup capsules, which are compatible with almost any single cup coffee machine. To date, the company has sold out almost all of its initial 20,000 production run and is ordering more to satisfy what appears to be an accelerating demand for a new CBD product category that we are at the forefront of.
Education efforts underline a successful year
On “Black Friday,” Diamond CBD announced plans to sell its products in shopping malls across America via stand-alone retail kiosks, carts, and mall retail stores displaying the Diamond CBD logo and brand. Our efforts here are geared not only to sell product, but to educate consumers about CBD. We have already begun such sales initiatives in the South Florida area to refine product offerings, merchandising and messaging. We anticipate a gradual metro market rollout in 2019 in Florida, with a leap to other major metro markets in other states starting in 2020.
Diamond CBD also launched its own fleet of mobile sales vans to deepen its penetration in brick-and-mortar retail outlets in its hometown of Miami. The fleet provides a level of customer service to retailers that is unprecedented in our industry. The literal “front door delivery service” has redefined retailer expectations of what exceptional customer service and support mean in our industry. To date, the mobile fleet has installed over 500 self-contained Diamond CBD product sales centers solely designed for this initiative. Based on our early success, we have expanded the fleet to a dozen colorful vans readily visible on the roads and highways of Miami, which has become an important tool for building our local consumer awareness. This program is planned to expand to other Florida metro areas in 2019. Inevitably, such a program can further expand in creative ways to solidify reseller loyalty through initiatives such as targeted local co-op advertising and promotions to more firmly seat Diamond CBD as the leading CBD brand in such markets.
The PotNetwork magazine sheds a light on our industry
We have always strived to be an industry leader with high levels of “top of mind” awareness in the CBD and cannabis industries. So, in 2018, we began the process to further strengthen this industry position by exerting renewed effort behind PotNetwork.com, our informational cannabis industry website, while embarking on the publication of a hard cover sister magazine, PotNetwork Magazine.
With more than 300,000 page views and in excess of 150,000 unique visitors per month, PotNetwork.com is the cannabis sector’s leading news and information website. Our recently launched PotNetwork Magazine offers the only 360-degree view of the cannabis industry that exists today, from small retail enterprises to publicly traded companies in the U.S. and Canada. The printed magazine reaches a diverse readership of individual cannabis industry investors and entrepreneurs, as well as high-level cannabis industry executives and CEOs in the U.S. and Canada.
It is a natural offline extension that promises to delve deeper into the untold stories of an industry that is expected to generate $136 billionin retail sales over the next six years in the U.S. alone. We believe the two together, PotNetwork.com and PotNetwork Magazine, will further solidify our industry leadership standing while building brand equity and synergy across all our efforts.
Cutting edge vending machines offer new opportunities
At the Consumer Electronics Show in January, Diamond CBD announced a partnership with CloudPlay for the development of a stand-alone retail vending machine to sell select Diamond CBD products. The machine’s prototype was displayed at CES 2019 and its announcement generated far reaching news coverage across the $292 billion electronic technologies market. Critical to the success of the machine is the completion of a groundbreaking built-in age verification technology. The companies plan to have a commercially marketable version of the machine to be placed into test markets by CES 2020.
We are adapting to new regulations
Clearly for any company, rapid growth in a quickly accelerating, volatile industry brings significant challenges. For the industry, 2018 bought landmark shifts in federal and state laws and regulations impacting CBD businesses. While most changes are beneficial it is essential that we remain agile in our approach to facilitate rapid adaption to an uncertain regulatory and business environment.
As a result of these changes governmental attention and oversight of our industry has increased. A change that we welcome since we believe properly balanced increased oversight will benefit both the consumer and legitimate operators like ourselves in the long run.
You may recall that in October we had announced that Diamond CBD had engaged Washington-based legal counsel to assist us in applying for FDA product registrations for unique product formulations for medicinal use. Scientific and other work has already been initiated in this area and it progresses. As a result, we have every reason to maintain positive feelings about continuing our development of a positive relationship with the FDA.
As managers of your company, and at all times, we exert all efforts and intentions to comply with all governmental requirements, but in addition, as industry leaders, we believe we have an obligation to proactively nurture all such relationships. One way to help accomplish this goal is by increasing our overall transparency for the benefit of our customers, shareholders and the Company alike.
As our company grows transparency is key to our success
We also believe that increased investor transparency is necessary. In 2018 we initiated the process of becoming a fully reporting SEC company, and as part of the process had the Company’s financial results fully audited by PCAOB member audit firms.
Initial efforts at SEC registration proved unsuccessful because of, first, an auditor’s internal problems stemming from an audit in 2015 for an unrelated company, and secondly, a predecessor company’s loss of some accounting backup records from 2016 needing accounting comparatives against our results for 2017. Neither of these had any relevance to the Company currently. Pursuant to strict PCAOB rules, the effect was that we were prevented from obtaining the necessary qualifying audit opinions.
2019 is now a new year, and we have completed a full PCAOB audit of our 2018 financial statements as recently published. In turn, we will now move forward to become a fully reporting SEC company which we intend to be by mid-year.
Lastly, in order to better communicate with investors, customers and consumers alike, we have begun a broad internal initiative to improve our overall communications infrastructure and efforts. As part of this plan, I will be writing letters similar to this one each quarter to provide you with the most recent updates on our progress, growth and challenges. For 2019, we have numerous plans in the works that we believe will further escalate our growth, shareholder value, and our overall market standing as well.
Kevin Hagen, President and CEO
A