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.
I don't foresee it waiting until those months in order to run. That would mean that it would remain stagnant during the hemp bill passage and Canada legalization. Let's be real here....thats not happening. 2 of the biggest catalysts this sector will ever see. Why would it wait until months after they hit to run?
except POTN is not an MJ stock. Seperate it by sector Marijuana stocks on one table and Hemp stocks on another and you will see what is going on
During the Cali run though the charts made sense and tightened up, right now I would not go all in just yet. You can see my posts and itll show that I am bullish, but lets be real now that its september and revs werent reported neither were the refiling. I would rather sit and wait and get it cheaper. Nothing on the chart gives me reassurance now that it bled this long and fundamentally they are delaying news and keeping us shareholders in the dark....Canada wont exactly help POTN. Cali did bc it was in the states. When Hemp is fully legal here in the states it will run bc it directly affects the company in a positive way.
We need clarity with this company now that technicals are no longer looking bullish and fundamentally we havent heard anything in 3 weeks and news delayed....
Well up until today it still could have been considered bullish on the charts. It still is just barely holding on right now to the daily higher lows. MACD on the daily just started crossing bearish and it broke from its equilibrium pattern on the weekly bearish so right now (TODAY) is more of a time to be cautious with decisions being made. I personally am not adding any more bc you may be right this time and I will eat my crow
bad month or not, I wanted them to announce and report it and keep us shareholders up to date. I'm honestly pretty pissed that they delayed both that and the SEC refiling. I tried looking up the company that is doing the audit and there is over 5 different companies over in India with that name. I wanted to call and confirm that it is them doing the audit and I am unable to even verify that since who knows which one they are using...I am bullish dont get me wrong, but these recent delays and events have got me being more skeptical on this company
MACD on the daily crossed bearish today and the weekly inside bar broke bearish too :/ to many technicals showing to be cautious right now. If they would have released some news this stock would look completely different. I dont understand what is going on honestly. I have emailed them for 3 weeks now and still havent gotten a response yet....not happy at all
I was loading, but I'm just saying that I do not feel comfortable adding any more right now since the company did not release July Revs last month or even today...its just odd and a complete curveball since they have always reported this stuff the month after
Although I do agree that it will eventually. I am a little concerned now since this is the first time in a full year that the company did not report revenues from the previous month. I was giving them today yet to show it and they still havent...I'm holding off on adding since the charts keep giving more points to the bears. Its still bullish, but just barely now :/ MACD on daily is just crossing bearish today
I'm no bear, but they honestly never release news mid day and haven't over the course of an entire year. If no news by 9am there is no news for the day....sadly
Company news or not. Farm bill conference was expected to be after labor day so that itself could happen anytime now and that is sector wide news. The kind of news that'll have this doing a gap up open that's pretty significant
Decreasing? How could this be confirmed if they have not released them yet? The fact remains that they did 15 million in sales and so far have done 12 million in just six months. Since they have just added 400 retail clients at the end of July, one can assume that revenues are about to increase! It's not hard to see where this company is going. Up and up!
Hemp bill conference any day now, possibly tomorrow. July Revs, refiling for uplisting and much more awaited news. Hopefully tomorrow is the day! :D
July 27th was when it bottomed and since has formed higher highs and higher lows on the daily chart...this is what is known as an uptrend
Hold up. So you mean to tell me that they are profitable year 1?? That in itself is amazing! I honestly believe that those coupon codes is why their price margins are like that, but guess what? Hemp is about to be legal meaning that could be their flat rate prices and they would have spent all that money aquiring those customers. Sounds like a very smart strategy to me ;) then their cost to aquire the cbd will be much lower therefore increasing profit margins.
Not to mention since Goulding is a chairman of the board to RSHN and XYZ hemp they could/will have a seed to sale model and get it even cheaper yet increasing their profit margins even more!
They would not have applied for pattens if they didn't have their own product lines
And last their financials have been audited and are now being recertified again.
Their revenues have been growing so i don't know where you get the idea of them being unsustainable. They just added 400 more retail clients ;)
They only have a few million in debt, which for all we know could be almost entirely resolved right now.
No. Go read the articles. McConnell said he expects a conference after labor day. That's the next trading day ;) and the absolute latest would be by end of month, which is the opposite of what you claim. This is bc the 2014 farm bill expires at that time. These are the facts.
Nor sure about that. It remains to be seen
However once hemp is legal in the states, which will happen any day now, the flood gates will be open and all these companies can obtain legitimate financing.
I'm not in this stock. I'm just pointing out a fact lol go look at charts from the last run ;) I'm only here to add to the fuel of the bulls bc the sector is turning bullish right now and it's time for the bears to step aside :D
Banks can't loan to any company involved in the marijuana/hemp sector. They literally can't touch any of them. This is called normal debt...
They withdrew the SEC filing bc of their previous auditor due to an issue UNrelated to POTN back in 2015. People freaked out and now they are refiling. Once that occurs this thing will take off lile a rocket bc their only growing at this point and hemp is about to be fully legal on the federal level in the states
Even the worst of companies will run during all these catalysts. Upward and onward!
IMO people fabricate "facts"
The article I read last week, McConnell said about it being right after labor day. They have until the end of September before the 2014 farm bill expires. So tike is of the essence for them and as "Here Today" pointed out, elections are coming up and with more & more states legalizing hemp, medical, or even recreational marijuana, they will be passing it for sure. Over half the country states wise at the very least allows medical and that's not even Hemp! I'm certain that this will pass. Both parties want to see this done for the American farmers.
Like I said now is not a time to be a bear and play with fire, which is why I'm holding through the biggest catalyst our country has seen in this sector. Legalizing hemp on a federal level is absolutely huge! The debt that everyone keeps talking about...well banks can't touch these companies to loan them anything. How do I know this? My mom has been in banking for roughly 20 years. She is in upper management and deals with loan approvals. They are not allowed to touch any company that is even close to the marijuana sector bc of federal regulations. This includes hemp and CBD bc hemp is still classified as a schedule 1 drug. So when it is legal it will open all the doors for legitimate financing in the states and you better believe that institutional money will be buying in HUGE
Personally happy it happened bc now I loaded at dirt cheap prices and ready for the hemp mania run :D
Clearly said that the previous SEC filing was revoked and was NOT DUE TO ANY DEFICIENCIES from POTN. It said nothing about the old audit being null. They need to be audited for this year as well and refile. That will be done and expect to hear about it shortly. That and along with hemp on the verge to being legal in the states, I would not want to be a bear in a bull market
Hemp bill conference after labor day. Ready for a stellar September:D good luck to all longs and enjoy your weekend
The last higher low on the trend is .25 so yes the uptrend is still in tact as it has set a new higher high and is maintaining above the last higher low. This is what is known as an "uptrend" on the daily.
I can teach you if you would like to read charts and understand them
By the way my indicators on the daily chart are showing this is a buy ;) Stoch rsi, stoch fast, and any lower and the stochastics slow will be too so again playing with fire hoping that it goes down bc it's not. These are strong buy levels on technical analysis and on all the news catalysts coming up
It's still on. Daily uptrend for weeks now. Some of us, like myself, know how to read charts. September has the hemp bill passage. That's bullish news not the other way around....the most bullish news for any company in the United states in this sector
Nothing has changed fundamentally or on the technicals to make me think otherwise long term. Still on a daily uptrend and with Hemp legalization around the corner, its like playing with fire to play against the trend and against the catalysts coming up in the sector
Long and strong :D I know where this is going. EASILY past $1.25 Mark and into the multiple dollar range.
-debt consolidation before end of year
-increased revs that will more than. Double last year's (mark my words)
-crypto mining facility (crypto forming an awesome base right now as support for months/weeks)
-name change
-refiling for uplist
-AND MOST OF ALL HEMP IS ABOUT TO BE FULLY LEGAL IN THE STATES ANY DAY NOW!
Also ties to RSHN and XYZ hemp would be another game changer for this company. They are a holdings company after all and Goulding is a board member over there. Soo much positive news coming, people would have to be crazy to sell now! I have all my shares locked at $10.00 on multiple family members accounts :D
Nothing fundamentally has changed about this company to alter my view as a bull. Technicals still show a bullish daily uptrend. Holding long and strong
I'm still long and staying in it though bc they could have their reasons, like waiting for this sector to take off then they could have a bunch of good PRs to release to really blast them upwards. So I'll just be patient and wait bc any day now news will come out and the hemp bill is just about to be finalized shortly. Id rather be patient and wait then be impatient and out of it when the run happens and be could with my pants down chasing it. This is my lead horse for the run so I don't want to ditch it
Well for sure news should be on the hemp bill since McConnell said the would like the conference to be ready after labor day. That's something I am pretty sure of that we will at least hear about it or an update about it. As for this company who knows. I believe they threw everyone a curveball by not releasing July revs this month.
I'm with ya on that one. July revs I'm expecting to be similar if not a slight increase compared to the previous months. Like you said though, they added those 400 retail clients at the very end of July so that'll effect Augusts numbers
No it's not..technical analysis shows a daily uptrend.
All my shares are locked at $10.00 I suggest other bulls lock theirs up as well and get these shorts squeezed :D