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The entire sector,including the big non-OTC PINKS are down 5-10%. Geez, the sky is not falling in one day chicken littles. I bet POTN is the first to recover.
Higher highs and higher lows as we continue the 2019 version of the Jan-Feb 2018 run to dollar land. CEO letter due any day. (Shortly)
DiamondCBD products are in stores all over the country, gas stations and smoke shops and the list is growing. Soon their products will be in national drug stores like CVS and Walgreens. From the Yahoo message board:
"went to Suzi smoke shop in Fairbanks Alaska today. bought some chill gummies and some medipets cat treats. she has the whole line up. even have cbd honey sticks by diamond CBD. she says she just put in another order to restock and it was over 3 grand. FYI this is just a tiny smoke shop."
The seeking alpha article compares POTN with CGC, ACB and Tilray which is strange since they are major growers and sellers of MJ rather than CBD, and says that as of April 12 there are no reported 2018 earnings, but other than that huge omission it is not all bad IMO. If he had taken the time to look at 2018 earnings, he might not think that POTN is as speculative.
We are seeing higher highs and higher lows and this will continue through next week into 4/20 with the CEO letter firing the rocket higher to $1 after Q1 revs IMO.
You must already know what the CEO letter says to be able to so accurately predict the price movement for next week.
Yes it's all about revenue growth. At $25 million 2018 revs with projected growth of 40% per year, POTN is very undervalued IMO. I think growth will be higher based on their numerous marketing strategies, and I also like that they are putting a lot of effort into the heavily populated east coast and Florida.
The CEO letter will be released "shortly". That sounds like within a week to me. I fully expect it to include information regarding debt resolution, share retirement, share structure and strategy for increasing earnings, That will be a catalyst for driving up the share price. I also expect SEC registration and information about uplisting. Q1 revenues IMO will also be a catalyst.
Ill check back in 6 months lol.
I hope you have a year to wait for an earnings increase.
ACB would be the ultimate partner as they are in 24 countries and positioned to be the largest seller internationally.
Claytrader and Tim Sykes often signal that a burst in upside volume is coming, which in turn leads to more attention and more upside volume.
Either ACB or Tilray are the companies that I would like to see partner with POTN. Both need a US retail partner.
Debt is one of my top subjects that I hope to see addressed in Hagans letter to shareholders.
Last time I heard Tim Sykes was here, POTN shot up to .95.
Thank you ClayTrader, enjoyed watching today after the earnings report. Looking forward to breaking through .175 tomorrow.
This has been a very bad week for the cannabis sector, just today the bigger stocks like Charlotte's Web Cronos and CGC fell 6% or more. If the sector pressure lifts tomorrow, or the CEO letter comes out POTN hits .20 or higher IMO.
Agree- early stage sector here requires familiarizing customers with CBD first and Diamond products second. Gotta spend the money to attain market dominance.
My feeling based on recent past actions of the current CEO is that he seems to be somewhat understated about the earnings release. He put it out last night and did not release on IHUB for example. IMO his letter to shareholders will make a bigger bang, followed by Q1 earnings and some big announcement(s).
My understanding based on a fb post by Vaccaro, was that he was getting preferred shares in return for his early stage investment that he was only able to sell in small amounts over a preset schedule.
An open letter is basically a press release in the form of a letter to share holders that usually functions to answer questions that need to be addressed about issues or rumors that have been negatively affecting share price. I hope to see the following issues addressed: timelines for SEC registration and OTCQB uplisting, debt structure, strategic initiatives that will increase revenues and share value short-term and long-term.
This dump is up 25% so far lol.
Dump? LOL New eyeballs will be seeing the POTN PRs all day, minor fluctuations until the close above .20.
It would be foolish to take pennies profit before the open letter from the CEO. When it comes out, we will move up a lot faster IMO.
Up 25% in first 5min, can't complain.
Looking forward to being back in the POWER HOUR days.
Uncertainty is gone now, and this is the tip of the iceberg. Upcoming catalysts include Q1 revs, SEC registration, uplisting application (we should see updates in press release today). The train is finally moving forward.
When will Aurora move into the US market? When legal interstate distribution and FDA issues get sorted out. My wish- when they make a deal with POTN...
https://www.yahoo.com/finance/news/aurora-cannabis-move-u-100000661.html
Don't they always, you are so right.
For me, the revenues and brand recognition lower the risk and I believe they have a good market share and marketing strategy.
Absolutely, and the bigger risk is that POTN is not yet SEC registered or uplisted. Most often, big reward doesn't come without risk.
And most importantly, POTN is increasing revs from a base of $25 million minimum in 2018.
The CEO has had enough time by April 15, he had better show us what POTN is capable of. I think he will because of his continued rapid introduction of new, innovative, high quality CBD products and marketing strategy as described in detail in the Harbinger report. Now we should be back in a rapid growth phase.
https://www.potnetworkholding.com/sites/all/themes/potn/images/potn-research-report.pdf
Online Sales
During late 2017 and early 2018, the Company experienced extremely rapid month-over-month revenue growth rates of 20% to
30%, mostly topping out at the $2 million per month level by the end of Q1 2018. The Company attributed the flattening of is
sales growth to two primary factors: increased competition and sales organization capacity constraints. Of these two, we believe
sales organization constraints was probably the most important, and is something the Company has been working diligently to
resolve. Management states that they have nearly completed a new call center with greatly expanded working capacity, and they
have also recently hired and are in the process of training what will effectively amount to a doubling of its inside sales staff.
Furthermore, the Company has launched several initiatives that should help it resume solid revenue growth this year of
approximately 40% according to our estimates. These initiatives include the deployment of an outside sales and product
distribution team in Company-branded vans, the rollout of educational kiosks and vending machines designed for shopping malls,
a new customer referral program, and the rollout of its new mobile app.
Mobile App
The Company is in the final stages of development for its new mobile app, which is best explained as an e-commerce enabled
“LinkedIn” for the cannabis industry on a global basis. Geared strictly towards business to business users and transactions, the
app aims to help forge and maintain relationships and e-commerce between different classes of participants in the cannabis
ecosystem.
Outside Sales
In early November 2018, POTN launched its nascent outside sales and distribution team in the Greater Miami market with five
Company-branded vans. These vans will be used by directly salespeople who will work with local cannabis retailers to better
educate them on and provide them with the Company’s CBD products. The Company has chosen to include the distribution
service these vans provide at no extra charge to the customer, which should have a significant positive impact on new customer
acquisition in the local markets served by this team. The Company initially plans to add an addition five such vans to its sales
and distribution fleet, which should soon cover metro Ft. Lauderdale and several other important markets in the southeast. In the
medium term (6-24 months) the Company plans to expand its outside sales and distribution to include the New York market and
other key northeastern markets, as well as the very large metropolitan markets of California.
Next week is going to be very exciting for POTN holders, running into 4/20 (my birthday believe it or not) and beyond.
Your missed opportunity.
I follow revs, ratios and upcoming major catalysts- and I am in agreement with you. POTN is a 10-bagger or much more over the next year. After that, Hagen will have to prove that he is capable of growing a large company and maintaining market share in this rapidly growing sector.
I would be real happy with $1.50 by August.
After reading this link I realized why POTN was singled out for an FDA letter -because they are one of the largest interstate commerce retailers of CBD. This is very exciting to me and further bolsters my belief that POTN will report HUGE revenues this year. And it is free advertising- the coverage of the FDA letter is bringing MANY new eyeballs to POTN RIGHT BEFORE EARNINGS ARE RELEASED.
It had better be this week or one day prior to April 15. Uncertainty is the only thing holding this back for one more week....
https://www.potnetworkholding.com/sites/all/themes/potn/images/potn-research-report.pdf
"But instead of taking this action, Altria, the world’s fourth largest tobacco company, with net sales in 2017 of
$19.6 billion announced on instead on December 20, 2018 that it was purchasing a 35% stake in Juul Labs, Inc. (a leading ecigarette company) for $12.8 billion. Juul Labs 2018 sales were only $2 billion, meaning that Altria purchased their stake in
Juul at a total valuation of $36.6 billion, or 18.3x revenues.
We do not believe that such a scenario is out of the question for a future investment in or outright purchase of POTN, as
major consumer products concerns seek to most rapidly enter a brand new, multi-billion dollar market.
"