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Let's not forget that revenues were at $25 million/ year before the huge marketing push I described and before almost anybody had ever even heard of CBD last year.
I call transparency informing shareholders about the upcoming report of audited earnings for the 2 years ending in December 2018 with the intention to apply immediately to uplist to the OTCQB and register with the SEC and apply for listing on the CSE. In addition, we have been informed that revenues are expected to grow at a minimum of 40% per year and we can expect shares to be retired and debt to be resolved. In addition, our shares will be worth a minimum of 18X revenues if sold to a stakeholder/partner of if the entire company is merged or sold as an exit strategy. In addition, POTN has beefed up their marketing dept over 2018 to rapidly drive up sales in mall kiosks, vending machines, storefronts all over the country, trade shows and online and other (as seen in today's PR). Earnings will be released within 7 days as required- what on earth else do you expect them to be tranparent about?
Simple answer. Uplist requires 2 years of audited earnings- which we will have this week when 2018 earnings are completed. POTN earnings have been audited since 2017 through Q3 2018.
Or both! "Several large pharmacy chains" was the wording in the January press release.
Alternatively and perhaps more likely, based on POTN press releases, one of the CVS competitors like Rite Aid will take the next step and start selling ingestible CBD (DiamondCBD we hope).
CVS is brave to take the first step in selling CBD in a national pharmacy, although just a small selection of topicals (from Curaleaf). IMO we will see an announcement in the near future that they are also selling oral CBD products and I hope they are from DiamondCBD.
Bring your favorite party materials to the POTN millionaires party in Ft Lauderdale in the fall. Big things about to occur soon, IMO.
Power hour says good earnings released next week.
How many times have I said that since January... lol
Revenues are double what they were when POTN ran up to .95, don't see how you could think that. And uncertainty will soon be gone IMO, the ultimate formula for a 10x run (at a minimum). Good luck with your investments.
We all have our investment strategies. I go for solid revenues, clear strategy to increase revs and multiple upcoming catalysts that will increase share price. POTN
Try reading very recent press releases. The CEO has been in talks with multiple nationwide pharmacies. Later press releases state that deals have been completed. What you state is completely baseless.
Unless you personally know the CEO, this is meaningless. We will find out about the CEO based on his accomplishments this year as he is less than a year on the job. My bet, based on his resume, transparency, communication with shareholders and stated strategies and goals for POTN, is that he will do very well.
Right now, just lotion. Soon, gummies, popcorn and coffee. POTN
CVS is partnering with MULTIPLE vendors- did you even read the article? Of course POTN was not mentioned in a curaleaf article.
Yes, earnings will be reported tomorrow or next week.
Ask yourself- what could CEO Hagan do to make POTN/DiamondCBD a household name? My answer is everything that he is doing.
I guess two failures to SEC register is holding the share price down, although both for fairly benign and temporary reasons. We know at this point that they need 2 years of audited revenues for the SEC and uplisting, they had 1.75 years audited through Q3 2018, so they only need Q4 2018 completed. We also know that revenues for 2018 will be 24 million if flat for the entire year, so the risk does not seem terribly high to assume that all will be announced soon along with stellar Q1 2019 revs and then the POTN share price will adjust upward. SOON.
I wish the best for both, I don't really know much about CBD unlimited, but I DO know that POTN is extremely undervalued.
Unbelievable to me that EDXC has much higher market cap than POTN with revenues/sales of less than $1 million for 2018!!!
And I sure like having that power hour to rev up my energy at the end of the day!
Yep, you can't make money without taking on risk. When the risk is gone (assuming the CEO does what he says after a delay of auditing and SEC registration), the share price will be much higher and the multiple that you can get from your investment will be lower. For me, the revenues lower the risk.
The day to day fractional moves of POTN are irrelevant when the company puts out weekly news that revenues are increasing due to a number of strategies and new product introductions. We also know that we will have news any day that will tell us what those Q4 revs are, and SEC registration and application for OTCQB and CSE have been accomplished. These events will cause the share price to rise. No need to read filings and tea leaves here.
FOMO is getting strong for POTN in particular, pre-run up. I know a number of people taking a position or increasing numbers of shares right now, I suspect word is getting spread around since this is earnings season for the sector. Tilray reports Monday.
Last year earnings were reported April 3 I believe.
What's your best guess?
Next week will be huge, expect earnings on Tuesday or Thursday.
Could be .5 next Friday if we get earnings next week, a matter of days now. Soon we will be laughing all the way to the bank.
POTN and their new CEO Hagan have a lot to prove. But- if they do, the sky is the limit. Their PRs show a lot of confidence in their performance, and the audited earnings will give the answers. I appreciate their regular updates. At least we don't have to go months in the dark, wondering what is going on and reading filings like tea leaves.
What date?
Facts? What facts- please clearly state these facts.
Smart move- earnings will be next week.
These fractions of pennies will soon be irrelevant when earnings are announced. You might as well watch paint dry lol.
POTN will need to show growing revs to justify such a valuation. First Q 2019 IMO will show blowout revs. The Harbinger report predicted 40% YOY growth, but I think that is conservative considering leaglized MJ is growing 40% per Q. Half of CA was already using illegal MJ and CBD is coming up from zero, which I think means more rapid growth as more people get familiar with the benefits and lack of side effects.
and going up today, hit .17 already.
Forgot to include debt resolution last year for CVSI- these are all factors I would like to see occur this year for POTN so that the share price can rapidly increase to multiple dollar levels, assuming revenues hit 50 million this year.
A stock I like to compare to POTN, because it has CBD-based products and is about a year ahead in SEC reg and uplisting, CVSI reports earnings after the bell today.
CVSI has a market cap 6-fold higher than POTN and revs of 34 million for first 3 quarters of 2018, vs POTN revs of 18 million. Their CBD oil was a top seller last year. I hope to see POTN catch up in market cap and revs this year.
POWER HOUR is HERE. We have touched .17 now.
With the upcoming earnings announcement, I would like to see an update on blockchain implementation and cryptocurrency revenues- if this is still ongoing.
Versus a low revenue low transparency company with a lot of filings, hmmmm
Happily POTN, with multiple successful subsidiaries, has hit .16 and is up 20% so far today.