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Then why would the FBI not another share holder state Vaccaro did not want the other CEO's to know about the scheme. it can't be both ways and I will tend to believe the FBI agent he is not going to put his job on the line to be part of a scheme to lie to share holders.
if they don't retire the shares and just put them back in the share structure do they add the value of those shares as revenue therefore spiking the value of already held shares by all up?
Now that otc has put up the (Caveat Emptor) Hagen really needs to make a statement to investors at this point. he needs to address the public interest concern.
Once a thief always a thief Vacarro got lucky and invested in a legit company but could not help himself because always a thief holds true.
the FBI undercover agents explicitly stated that Vaccaro didn't want the CEOs of any of the target companies to know about the scheme.
they can go to more then 1 location at a time.
look at the (usa cbd cbd media partners list) https://usacbdexpo.com/exhibitors-sponsors at bottom of page if just 1 on the list gives a review of POTN in there magazines that's tremendous exposer for POTN I am extremely mad there not attending and I am a long here.
I just emailed investor@potnetworkholding.com and ask why we are not at that expo I will post response when I get it.
Billy is right and if there biggest competitors are at that show. potential customers have a chance to evaluate products side by side you don't waste that opportunity as a business period.
I agree on the trade show but my last post shows how I feel on the other case.
If he is a witness for POTN and our losses which I would think being CEO he would be. he cannot discuss and I am sure he has already gotten advice from corporate attorney on how to handle this.
I agree and learn what others are doing to be top notch.
If POTN is going to be successful there going to have to learn (Koi is part of the Hemp Industries Association, on the California Hemp Council and are on the Board of Directors with the U.S. Hemp Roundtable. They are also proud members of the National Animal Supplement Council and American Pet Products Association.)
koi cbd got to be the presenting sponsor in there own back yard.
DUE TO THE MOST RECENT DEVELOPMENTS POTN should be great from here on out great company's only get greater with crooks out of the way of their progress.
Short Selling Data
Short Interest
105,033
(119.41%)
07/15/2019
Significant Failures to Deliver
No
show prof Hagen is involved. cv and others locked up POTN in clear.
I know it was in response to a post linked before yours (here today)got nothing but respect for your opinions.
the SEC is not going to punish POTN for up listing for share structure changes as a result of crooks. that is not how the SEC works if anything they will let POTN uplist without penalty when future changes in the share structure occur as a result of this.
because there not connected to the crime therefore don't need to have a press release on the subject.
share holders going to court will not slow down POTN they are not involved.
Being that management is not involved with the FBI case one way or another or we would be halted right now and flagged and not trading. we will not get any effect and up listing will happen as planed.
he was not removed he left the position on his own accord.
he is not he is chief medical officer not chief over financials.
harry your well respected by myself and allot of other longs on this board I have never been involved with a stock going thru something like this as a long I will just hold on and watch and learn.
nodummy post from jan 2018 great reading POTN - looked at this one a little bit tonight and POTN looks like one of the biggest insider enrichment schemes going right now. The Issuer has a super suspicious debt Note that looks like it is being used for all sorts of shady purposes.
The controversy is over a Note originally dated February 1, 2015 or June 2, 2014 (depending on which filing you are viewing) for $1,850,000 owed to somebody with the initials D.G.
Going back through the POTN filings we learn of a David Grey that owned debt in POTN starting way back in 2010.
On June 2, 2013, $33,120 of the debt owed to David Grey (D.G.) was converted into 138,000,000 free trading shares of stock at $.00024/share. Those 138,000,000 free trading shares of stock were split between David Grey and Robert Pike.
The financial report for the period ending December 31, 2014 showed David Grey (D.G.) being owed $51,591 as of December 31, 2013 but the balance being down to $0 by December 31, 2014.
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=132998
Yet according to the very next financial report for the period ending March 31, 2015, D.G. had an outstanding debt Note for $1,850,000 dated June 2, 2014 of which $1,395,161 was still owed.
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=137343
If D.G. was owed $1,850,000 from June 2, 2014 how come that Note was not mentioned in the financial report for the period ending December 31, 2014?
What changed starting at the beginning of 2015 is that the POTN shell got a new CEO/control person named Steven Buckner who appears to have been more than happy creating a $1,850,000 Note out of thin air, back dating it to June 2, 2014, and assigning the Note to somebody previously involved in the shell.
When the financial statement for the period ending June 30, 2015 hit the amount owed to D.G. was listed at $1,402,861 because of interest and we get a date of February 1, 2015 for the Note
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=144943
Umm wait??? Is it June 2, 2014 or February 1, 2015? Future filings will use the date June 2, 2014. It sure looks like the Note was back dated and in the June 30, 2015 financial statement they used the actual date of the bogus Note (forgetting to use the back dated date).
During the 3rd quarter of 2015 a small portion of the $1,402,861 Note (roughly $25,000) was converted into 370,000,000 shares of free trading stock ($.00006/share). According to the following POTN filing
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=147024
Midam Ventures LLC got 70,000,000 free training shares of stock and Micro Cap Equity Group got 300,000,000 free trading shares of stock leaving a balance owed to D.G. on the Note of $1,375,229 as of September 30, 2015
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=147023
Micro Cap Equity Group LLC is a Florida entity controlled by Ibrahim Almagarby. In November 2017, the SEC charged Almagarby and his company.
https://www.sec.gov/litigation/litreleases/2017/lr23992.htm
https://www.sec.gov/litigation/complaints/2017/comp23992.pdf
According to the SEC Complaint, between 2013 - 2016, Almagarby/Micro Cap Equity Group was engaging in the practice of acquiring old debt and converting it into free trading stock (participating in a penny stock offering) without being registered as a broker/dealer. All total, the SEC said that Almagarby bought aged debt in 39 different Issuers selling more than 7.4 billion shares into the market reaping gains of $1,474,901,63.
Midam Ventures LLC is also a Florida entity that is controlled by Adam Heimann (a close associate of Jason Spatafora aka Wolf of Weed Street). Midam Ventures LLC wasn’t singled out by the SEC like Micro Cap Equity Group LLC.
When the financial statement for the period ending September 30, 2015 hit the amount owed to D.G. was listed at $1,375,229 and the Note was dated at February 1, 2015.
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=147023
The financial statement for the period ending December 31, 2015 showed the Note as being reset back to $1,850,000 (ignoring the previous conversions) and back dated again to June 2, 2014 then another $120,449 in interest accumulated since June 2, 2014 was tacked on making the amount due on the Note $1,984,000. Instead of D.G. the Note was said to be owned by S.N.D.
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=157344
S.N.D. stands for Sign N Drive Auto Mall Inc.
As you can see at the following link, Sign N Drive Auto Mall Inc is controlled by Charles Vaccaro.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=OfficerRegisteredAgentName&directionType=Initial&searchNameOrder=SIGNNDRIVEAUTOMALLINC%20L170002168351&aggregateId=flal-l17000216835-a4d96a9b-543e-4885-a5cc-f5b27d671c2b&searchTerm=Sign%20Gate%2C%20Llc&listNameOrder=SIGNGATELLC%20L170000689291
Charles Vaccaro was the old CEO of the POTN shell from 2012 until 2014 (back when David Grey was first converted debt into free trading stock). Vaccaro briefly left in 2014 but obviously re-emerged in February of 2015.
Prior to his involvement in the POTN shell, Charles Vaccaro had a shady past through his involvement in Team Trading (aka HLV Trading, Velez Capital Management, Team Trading LLC) - a company that left a lot of unhappy customers claiming that Vaccaro and his partners stole their money and ran
http://investimonials.com/prop-firms/reviews-team-trading.aspx?page=3
And before that Vaccaro was involved in some shady broker named Gold Country Securities aka F1 TRADING.COM, INC as its President and part owner
https://brokercheck.finra.org/individual/summary/2796589
https://brokercheck.finra.org/firm/summary/20375
https://files.brokercheck.finra.org/firm/firm_20375.pdf
Vaccaro was fined $30,000 and suspended because of some regulatory event and when his firm failed to pay the fine it was expelled by FINRA. More info at the following links:
http://www.siliconinvestor.com/readmsg.aspx?msgid=9592773
https://www.elitetrader.com/et/threads/team-trading-llc-team-trading-extreme-llc.188389/
Sign N Drive is also a trademark that POTN applied for after acquiring Sunrise Auto Mall Inc in February of 2015 from Steven Buckner making Steven Buckner the new CEO.
Steven Buckner incorporated Sunrise Auto Mall Inc on April 3, 2014, but on February 11, 2015 less than a week after the POTN shell acquired the entity making Buckner the new POTN CEO, Charles Vaccaro took over as the president of Sunrise Auto Mall Inc
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SUNRISEAUTOMALL%20P140000302990&aggregateId=domp-p14000030299-eea41579-f6e3-440c-b74a-446d5cfad809&searchTerm=Sunrise%20Auto%20Mall&listNameOrder=SUNRISEAUTOMALL%20P140000302990
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2015%5C0219%5C69335873.Tif&documentNumber=P14000030299
It sure looks like that S.N.R. Note (formerly the David Grey "D.G" Note) is controlled by Charles Vaccaro, who is a POTN Company insider.
Just as disturbing is how all the prior conversions on the Note that took it down to $1,375,229 were ignored as if they never happened even though those conversions helped cause the stock to be diluted to 6,497,571,520 shares outstanding by September 30, 2015.
At the end of 2015, the same time the the Note was reset from $1,375,229 up to $1,984,000, attorney Gary L Blum took over as the CEO of the shell.
Gary L Blum even did the attorney letter for POTN at this time
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=153852
Gary L Blum did a large reverse split for the ticker In early 2016 but despite the much higher share price the subsequent Note conversions would still be made at a fraction of a penny.
The financial statement for the period ending March 31, 2016 showed a balance of $2,012,500 on The Note and the Note still being listed as an S.N.D. Note
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=157345
The financial statement for the period ending June 30, 2016 showed a balance of $1,941,000 on the Note
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=159394
According to the POTN filings (which has portions cut off), during the 2nd quarter of 2016:
$1,000 of the SND Note was converted into 1,000,000 free trading shares by Micro Cap Equity Group LLC ($.001/share)
$11,000 of the Note was converted into 2.750,000 free trading shares by Sign N Drive Auto Mall Inc ($.004/share)
$6,000 of the SND Note was converted into 1,500,000 free trading shares by Inet Cap Holdings ($.004/share)
$6000 of the SND Note was converted into 1,500,000 free trading shares by Beachwood Cap ($.004/share)
$6000 of the SND Note was converted into 1,500,000 free trading shares by SCA Capital Bty Ltd ($.004/share)
$50,400 of the SND Note was converted into 11,200,000 free trading shares by D.R,, P.U., ??, and K.R. ($.004/share)
$??? of the SND Note was converted into 1,555,555 free trading shares by W.T.
$38,000 of the SND Note was converted into 19,000,000 free trading shares by Rockwell Capital Partners ($.002/share)
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=159396
All total $124,400 was converted into 40,005,555 free trading shares of stock during the second quarter of 2016 but the Note balance only went down by $71,500. No way it could have accumulated that much interesting in 3 months.
Also interesting is that during the 2nd quarter of 2016 coinciding with all those stock sales, SND wired $79,000 back to POTN in the form of two new debt Notes both accumulating interest at 8%
And still more interesting is that POTN claimed to have a cash positive balance sheet of $738,424 for the year ending 2015. If they had an excess of $738,424 in cash why were they converting old debt into free trading stock at a fraction of the market price instead of paying off the debt with that excess cash? And why were they borrowing new money from the same suspicious lender with lopsided conversion terms if they had all that cash left over from their operations?
And another question is if they had a cash positive balance of $738,424 from business operations why did they only show $710 in cash on their balance sheet?
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=157344
So much just doesn’t add up.
Around this time POTN also changed its name briefly to SND Auto Group Inc
SND just like the new owner of the suspicious Note
The financial statement for the period ending September 30, 2016 showed a balance of $1.969,000 on the Note
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=161885
The financial statement for the period ending December 31, 2016 showed a balance of $2,033,283 on the Note and the owner was now listed as “Sign” still short for Sign n Drive Auto Mall Inc (Charles Vaccaro)
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=168249
Some time in 2016 Randall Goulding became the new legal counsel for POTN
Later in 2017, Randall’s brother, Richard Goulding took over as the new CEO for POTN with Gary L Blum moving into the role of Chairman.
It is unclear at what point, but around the same time the Goulding got involved the Note was given a set conversion rate of $.003/share.
The financial statement for the period ending March 31, 2017 showed the balance on the “Sign” Note at $1,956,186
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=174826
Subsequent POTN filings give us all sorts of juicy details about new Note conversions.
During the first quarter of 2017 $117,000 of the Note was converted into 39,000,000 free trading shares of stock ($.003/share). It was during this time that POTN started to really get pumped for the first time as a higher tier type Cannabis stock and saw the price climb from around $.012/share to around $.05/share. “Sign” could have sold those 39,000,000 shares for over $800,000.
During the 3rd quarter of 2017 $246,000 of the Note was converted into 82,000,000 free trading shares of stock ($.003/share) during this time the stock traded between $.05 - $.10/share. “Sign” could have sold those 82,000,000 shares for over $5,000,000.
Also suspicious is the fact coinciding with “Sign” getting free trading stock and selling the stock into the market, “Sign” began loaning new money to POTN.
According to the POTN filings, during the second quarter of 2017, “Sign” wired $285,500 to POTN in the form of a new Note convertible into stock at $.003 with no interest. And during the third quarter of 2017, “Sign” wired $477,500 to POTN in the form of a new Note convertible into stock at $.003/share with no interest.
It appears that "Sign" was selling stock then using the proceeds to fund the POTN business operations.
Counting the new loans. “Sign” is now owed $2,418,624 by POTN as of September 30, 2017. At $.003/share that is 806,208,000 shares worth over $685,000,000 at the current $.85/share price.
In all honesty, it looks to me like me like the David Grey "D.G."/Sign N Drive Auto Mall Inc "S.N.D."/“Sign” Note is really a bogus back dated insider controlled Note and money being made through stock sales from the Note are being wired back to the company to fund the POTN operations and possibly even to create bogus revenues. It reminds me very much of what the SEC/DOJ said that Fusion Pharm Inc (FSPM) was doing
https://www.sec.gov/litigation/admin/2016/33-10210.pdf
POTN claims in its most recent financial statement to have a cash positive balance sheet of $663,234 during the first 9 months of 2017 so why if they made $663,234 after expenses are they converting old debts at such lopsided conversion rates and borrowing more money from that same lender at such lopsided conversion rates?
Something isn’t adding up.
With all the volume (almost $30 million in volume traded on 1/26/18 alone), POTN could attract scrutiny from the SEC. I'm not so sure they would be able to survive if the SEC starts looking under the hood.
Side Note:
The current CEO of POTN is Richard Goulding brother of Randall Goulding who has a very very shady history in penny stocks going back to his old The Nutmeg Group LLC days
https://www.sec.gov/litigation/complaints/2009/comp20972.pdf
Another Defendant in the SEC litigation against The Nutmeg Group LLC was David Goulding.
David Goulding has the initials D.G. just like the suspicious POTN Note holder “David Grey” which is a pretty interesting coincidence.
and that's fine and understandable (here today) but now that its public I expect them to be informative to us in a timely manner this is our company and stocks.
With the amount of shares involved we should have been informed by management not someone's DD that bothers me its hard for me to believe after the arrest upper management was not informed. informing us shareholders should be the first priority at this point by management.
Initial Appearance set for 8/2/2019 at 11:00 AM in Courtroom 11B before Magistrate Judge Thomas M. Parker. there extraditing him to Cleveland.
hey James because of the off shore stuff he was trying to set up they might consider him a flight risk will at least keep a ankle bracelet on him to keep track of him.
When he goes to prison lets get a Diamond CBD Brain Chill Slushy Machine delivered to his prison cell.
check this out his Attorney is Alejandro A Abreu now look at this Alejandro A Abreu was charged with operating a BUSINESS W/O LIC in Miami-Dade County, FL https://mugshots.com/US-Counties/Florida/Miami-Dade-County-FL/Alejandro-A-Abreu.49985118.html this guy is none stop getting his crooked lawyer to represent him!
these are big charges you don't pay a fine and go on like normal. https://www.courtlistener.com/docket/15948268/united-states-v-vaccaro/
hey JJ when was the yield removed all that stuff was removed around that date the 22nd interesting.
I would theres the potential loss and company size loss as a result of the manipulation too a lower price POTN can be 3 or 4 times bigger as a result of this I would take every dime that scumbag has in court to offset the loss.
just pay a fine no way there caught red handed by the FBI any deal done will just reduce the jail time this is going to be great for us longs.
here read the paper trail caught red handed by the FBI done deal https://www.courtlistener.com/docket/15948268/united-states-v-vaccaro/
All you said is true Harry but it will take time they have to convict him in court and he has deep pockets. if we are luck he will plea out to avoid big jail time and it will happen within a few months reading the paperwork they got him solid so if I where to guess I say he will plea out.
he's has been charged not convicted I would imagine the other court case will get put on hold while this plays out.