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Just hit .158, power hour starting early?
Last I checked, up 11% in the first 20min of trading isn't too shabby.
The day isn't over yet- or check back at the end of March and we will see.....
Glad you are still here WTC! Us longs will have some long-term capital gains and we will be taking home a lot more of the profits.
Tomorrow is a good possibility for earnings, CVSI reports 2018 tomorrow. The whole sector is looking good pre-market, I feel like we are getting back to full-out FOMO again.
Yes- I have already done that same calculation. In the near future, we will see that the delay in SEC reg and uplisting was a blessing that allowed some of us to pick up many more thousands of shares at bargain basement prices and become millionaires much more quickly. What an exciting month this will be!
Market cap over revenues is a good measure IMO. POTN beats them all using this measure, it is currently valued at only 2x to 3x revs. With audited revs, this will fly up to at least 8x revs within days.
OH you have inside knowledge in direct conflict with the CEO.
And don't forget, the POTN shareprice is about 2X revs, so low that it is well worth the risk.
As I have said before, POTN is a worthy investment as long as revs are increasing. There is a HUGE market and Diamond is ahead of the game with marketing. Retail is still in its infancy. Whether CEO Hagan can stay on top of the wave remains to be seen. The first to benefit from CBD legalization are the retailers. With a large partner and chunk of cash, chances are better for POTN. Another strategy is to have patents filed. Many don't realize that the CO2 extract of CBD is a combination of over 10 different molecules, and each has a different activity, as do specific combinations of them.
With regard to production of CBD, the large growers are already established, CGC and ACB among them. I don't see how any tiny growers can compete at this time.
To your point, Whole Foods announced yesterday that they will sell CBD products. I was just trying to make the point actually that even 3 years from now, POTN may not exist since it seems that they are looking to be acquired at some point for a very high multiple of revenues.
Amazon will have bought them out by 2022 lol
You are correct in that the POTN will not substantially increase until the SEC uncertainty is resolved- which could be any day now and before the end of March. For me this has been a buying opportunity, and when earnings are released and SEC registration occurs, I will have twice as many shares as I would have had this happened when we expected it to, last fall or before. This is a risk I am willing to take since I think the large and increasing revenues and market position justify it.
I invest in the cannabis stocks that have upcoming catalysts, revenues that are definitely at least 20 million and growing and are leaders in their area such as national retail sales and branding (POTN with huge upcoming catalysts) or the largest growers in the world with revs increasing 2-4 fold per quarter(Aurora and Canopy). In spite of debt, if I think revenue potential is high enough. I will stay in them until they plateau in revs and/or valuation gets too high (Cronos).
Bearish downtrend for FRLF, CVSI, BUDZ and a number of others listed on OTC markets. POTN is distinguished by the fact that they have at least 24 million/yr earnings and growing, and huge catalysts coming up any day now which I predict will propel the share price into the dollars this year.
It is the BEST time to buy if you subscribe to the buy low sell high strategy which makes money. In addition, fins are due in March, which means within 20 or so days.
Schwab shows March 7 also. I think a better indicator that earnings will be reported very soon is the change in restricted shares. The company cannot sit on this for long without an explanation IMO.
Whole foods announced yesterday that they will sell cannabis products. Has anyone seen a similar announcement from pharmacy chains?
Yes, the selling pressure noticeably let up in January.
IMO the increase in restricted shares means that the debt is completely paid off now. I am hoping that a part of the shares went to a large partner taking a stake for a valuation equivalent to at least 18X revenues weighted to the fraction of shares sold, and that money (say 50 million shares worth 6 times current value would be roughly equal to about $45million) going to the huge increase in operations required to expand marketing and product sales. I would also guess that the partner company is a Canadian producer of high quality CBD that wants a foothold in the US market. This is all just speculation on my part to stimulate discussion....
"DiamondCBD HAS INKED DEALS" that will see its products selling in large pharmacy chains. The deals are done!!! Massive revs coming this year.
This number has not changed in at least 6 months IMO, I check it regularly.
They say that about CGC and ACB too, watch their revenues and share price fly up over the next year as they gain market share and stay ahead of the competition. If the dilution is well spent to corner market share and accelerate revs, it is well worth it IMO.
Could be shares that were sold to a stake holder/partner at 18x revenues. We will find out soon.
And overall markets are dropping like a rock because of bad economic data. POTN coming back up in spite of that.
That's what I think and it would be wise. Do they report filing with the SEC immediately on the OTC site or can they wait until granted approval by the SEC? I also speculate that the SEC may be behind after the govt shutdown.
And I was thinking they might sell the medi pets to CGC based on PRs this weekend that CGC wants to get into the pet industry.
Check the OTC web site for the real number of shares outstanding- you are way too high.
Predictions for revenues anyone? Coming this week possibly. My guess is up 1 million for Q4 and a 40% per quarter increase throughout 2019. This is based on MJ store sales in CA increasing 40% per Q last year. IMO CBD will do better this year as half of CA was already on MJ before legalization and CBD was practically unknown and starting from almost nothing across the country. Hagen has claimed expectations of exponential sales multiple times.
Maybe Monday March 11 for earnings news, weren't they released on March 11 last year? They seem to prefer Tuesday and Thursday though, which makes it more likely to be MARDI GRAS DAY!
CEO Hagan if you are listening, we Louisiana longs would really like to see some revenues on Fat Tuesday to make our big party day even better!!!
Yes, I was here for the .06's along with a bunch of other longs. And I'll be here for the multiple dollars.
Exactly the same as my stack! We will have to host a $3 millionaire party in Ft Lauderdale in the fall for the other great minds invested in POTN.
Thanks for the update. Can you post the link for checking on SEC filings?
Agree. I am thinking that the CEO is waiting for the SEC to approve the registration application/audit before we get the news. The SEC probably is behind due to the govt shutdown.
Scenarios discussed by the CEO in this research report on the POTN web site include an outright buyout or a stake taken in the company. It is emphasized multiple times that they shares would be valued at a minimum of 18X revenues.
https://www.potnetworkholding.com/sites/all/themes/potn/images/potn-research-report.pdf
You must be assuming that POTN will not release audited earnings by March 30 even though they have audited 2017 and the first 3 Q's of 2018, will not apply for SEC registration in the next month, will not uplist in the next 2-6 months, and will not see any increase in revenues this year or in Q4 of 2018, even though THC sales in this country are increasing 40% per quarter. These are big assumptions that could cause you to miss out on a lot of potential gains, IMO.
I agree, with upside potential of $7 to $9 depending on additional earnings upside like 40% revenue growth Q over Q or a big money investor taking a stake.
What on earth are you talking about? Link?
If THC sales are increasing 40%per quarter, I think CBD can also grow this fast in 2019 now that is is legal across all states. Get ready for a BIG year. POTN is well situated.