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There is every reason to be positive. CEO Hagen is coming through on all promises. Everything takes time, more time than you realize when you are not on the inside.
Updates will have a bigger impact as individual press releases each day.
We will get Q1 within days and with that there will be filings and updates about all of the other issues. I predict that this is the first of a string of PRs. The world does not end at the end of the trading day!
And Illiad Research is in a loan for more than .45/share. POTN will be going up from here.
Q1 revenues due any day now, I expect that to be another catalyst to drive share price higher. This is the tip of the iceberg.
It's coming- about 8 months later than I thought it was.
Seems to me that the settlement of the lawsuit is long overdue, and the company stated in a previous quarterly report in 2018 that they expected to win it. POTN had filed for summary judgement about a year ago.
IMO Hagen has an impressive resume in business and law. Please post a link to substantiate your claims. POTN is not just your average Florida CBD company.
Dr. Richard Goulding, most recent CEO of POTN, is on the executive administration board of both companies as Chief Medical Officer or Scientific Officer. Many here are invested in both companies. I did not mean to imply that they did business together, but I think it is possible that POTN could sell the products of RSHN or collaborate in some way in the future.
Maybe tomorrow is POTN's big news day, today was RSHN news day.
POTN had positive earnings- I thought the same thing. These writers don't seem to get basic info correct sometimes.
What do you think about the Illiad loan to POTN for .45/share? Do you think Illiad did their DD and determined that .45 is a minimum valuation going forward?
I am hoping for 40% increase in revenue over 2018 = 35 million as stated in the Harbinger report. They got this from Hagen, so it should be a conservative estimate IMO.
Nobody could believe that POTN stock is being diluted by billions of shares at the same time that they believe sales are going to be over 50 million this year- we have all of the possible extremes here lol.
In an effort to catch up to DiamondCBD product innovations, Charlottes Web just appointed an exec experienced in the area of snacks and k-cups. They are way behind IMO. POTN
As I have said previously, these little sub-penny swings will soon be a thing of the past when we get Q1 revs that show solid growth and the CEO letter that clarifies financials and growth strategy going forward (and debt resolution ideally). POTN will make patient stockholders wealthy this year.
What's wrong with a drop-shipping company- like Amazon.com? Coca Cola is a bottling company. They both have big revenues. In contrast, Tesla and Ford are a manufacturers...
We know that Illiad out of Chicago was willing to value the shares at .45 minimum, and they did our DD for us.
Revenues should be out next week and I expect a substantial increase over Q4. At this price and considering baseline revenues, POTN shares are a great bargain. I also expect that we will see the CEO letter next week. It has been unusually quiet with regard to PRs, IMO the CEO is preparing for some big news.
I hope to see in the CEO open letter that major progress has been made as promised.
The best news about POTN we have seen recently, other than the revenue numbers, is that the equity firm that financed CVSI just dropped over 2M at .45 cents a share with POTN. They obviously did their diligence and probably required a look through the financials...why did they pay triple current market value? Because .45 is the very low end of the true book value of the organization the terms are two years with the first lock up period ending in about 16 months...equity companies don’t invest to break even they see huge upside potential where even at .45 cents are going to make a killing -
and you know this firm thinks that their investment will be worth well more than .45/share
EVERYTHING takes longer than you expect in the business and investment world, even longer if lawsuits are involved. Over time you may learn that the world doesn't revolve around any stockholder's schedule, and that will enable you to make more money and lose less money.
Lol most agree that DiamondCBD products are the best quality and best for the price once they have tried them. You should order some and try them.
Q1 earnings
April 26, 2018 was Q1 warnings and partial debt retirement last year.
So CVS is starting with topical oils, nice to know. Is it restricted to age 21 and over?
Yes but they are only selling hemp seed creams and moisturizers for example, right? Not CBD oil or edibles. Please tell us specifically what the products are.
And CVSI's "SEC problem" was settled with the SEC. In my memory, the share price really started moving after that and the debt was paid off.
I appreciate your insights based on your knowledge and experience with OTC- listed companies. It seems to me that if and when POTN follows up on their stated plans to pay off remaining debt, lower the number of outstanding shares and register with the SEC, they will make a big move into the next leg up on share price. Uplisting should soon follow. CVSI came through on all of these issues over a year ago, and that is when the share price accelerated into dollars. I am looking for CEO Hagan's open letter to give some insight into the timing and Q1 revenues to show that the marketing blitz is working to increase sales. POTN is at the bottom of a mountain of great potential IMO.
Large investment banks are beginning to cover cannabis stocks- BOA has initiated coverage of CGC and ACB with a buy. This is the tip of the iceberg for the sector.
Very impressive- Kalos management has almost 10% in their portfolio. Happy 420 everyone. I had a crick in my neck this morning and put some Lawrence Taylor 1000mg cream on it- gone. Happy birthday to me. POTN!
I expect to see $8 million/Q or higher this year if the 40% growth projections hold. Know what you own and hold until the news. POTN
It will be the predicted jump up in Q1 revs, clarity in debt resolution and security of SEC registration and uplisting the will jumpstart the share price IMO.
I have always said that CBD will be bigger than MJ. People can take CBD for many, many prevalent conditions- even appetite control- and still go to work all day. MJ is mostly recreational like beer and therefore very limiting if you are employed.
You are so right- POTN should be at LEAST in the .30-.50 range with $25 million in audited 2018 earnings and little debt. IMO preferred shares that are owned by early stage investors is NOT toxic debt.
I expect the CEO letter, due "shortly", to explain a lot of those issues.
I also believe that CVSI last year is a good comparison to POTN- when POTN gets SEC registered and debt resolved.
Jim Bloom, the author of this article, blames short-selling pressure on the decrease in POTN shareprice last year.
Investors taking note of a wave of positive developments that point to a bright future have started pushing the stock up the charts after a harrowing crash in 2018. Last year, PotNetwork shed more than 80% in market share as it came under immense short selling pressure.
Aphria is probably dragging down the sector today, they actually DO have toxic debt and just announced an additional $50 million in debt(not including the 108 million previous debt), while their revenue is 76 million. I'll keep my money in POTN.
Smart people buy high revenue high growth stocks on down days. POTN