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When POTN filed for extension
On the 29th
It stated that they had 5 days to post the unaudited 4th quarter
So would that cut off day be this Friday when they filed or 5 days from the 1st of April
FDA sets first hearing on CBD in May as the agency looks at legalizing the cannabis compound in food and drinks
https://www.cnbc.com/2019/04/02/fda-sets-first-hearing-on-legalizing-cannabis-compound-cbd.html
They say that CBD can not be put into food ..... just recently Jelly Belly said they were making jelly beans with CBD
I think this will be clears up in short order and Diamond will make necessary changes as needed it their claims
So .... has the company been in a positioning mode or damage control
I think for the last 6 months positioning and growth
Last Wednesday I placed an order
Order #347595 confirmed
Just now I placed an order to take advantage of the 55%
My order number today is
Order #352506 confirmed
Could they have sold that many orders in 5 days??
Anyone else gave order numbers in the last 5 days
So they are not required to submit the audited financials until they up lift to an exchange
In all reality they could have submitted the audited financials to the SEC without making the audit public
They are not required to post and have them on Edgar until they up list
Everything on there now is voluntary
Being on the pinks are not a healthy place to be
In the best interest of the shareholders I think this would be a smart move .... and it would catch the shorts with their pants down ....
rightfully so with how our stock price has been played with
And just for real fun throw in the toxic loan being done with along with stellar growth
BOOM
Doing my DD
c. Banks Reporting Companies must have filed, through the OTC Disclosure & News Service, all financial reports required to be filed with their Banking Regulator for the preceding two years, including but not limited to audited financial statements for fiscal year ends, or as long as it has been in existence, if less than two years.
8) Timely Disclosure of Material News Releases/Developments
a. An OTCQB Company is expected to release quickly to the public any news or information which might reasonably be expected to materially affect the market for its securities. This is one of the most important and fundamental purposes of the OTCQB market.
Sent from my iPhone
Thank YOU for your reply
What I do not understand ....
is it possible that the audited full year financials were done and finished early this month .....
and POTN did give the Sec those audited papers
Would them doing so have to be made public or could they ask that they be made private at this time
I see no harm to investors if this were to happen
It would be an incredible event if that were to happen and POTN has been waiting for positive results
Then come out with the Financials at the same time they move up on the exchange
This would open the doors to a shit load of new investors on great numbers
I tried to find the answer on line
But found nothing
Could they have the audit in hand and filed to uplift without making the audit public
I never understood how they submitted the audit without knowing that they needed 2 years to uplift
Possibly they just needed the last quarter and the sec had already cleared the other 7 quarters
Dreaming in a Sunday Morning
I can not help but feel we Weill see Shock and Awe in April
The sign of the Ram
Possible good reason for the delay in making the financials public late
If so ....
Could POTN have filed to upgrade to get off the pinks without the public knowing until it is a done deal?
Seems they would want to do so as soon as they themselves have audited financials in hand
I do not think we will hear anything from the company before the open on Monday
If they file for an extension they will simply do it
I do not think this is about waiting till the last minute to share the audit
There may be other reasons possibly beyond their control
I hope I am wrong
I Think that the discount may be a marketing investment
The more product that gets out into the market .... in my opinion the product being of such high quality will expose more consumers to our CBD
I myself have ordered more because I love to save money and 5% is a saving
Even though I ordered some at 50% to weeks ago
Watch the pennies the dollars watch themselves!
Talk to us POTN
I honestly hope your right
Time will tell
This does not look good to me
I am an on time guy myself
It’s a thing of respect
We will know soon enough
Thank YOU for your response
Also when I borrowed money ... I always payed it back as soon as I could possibly do so
The shareholder communication is poor at best
There is no excuse for the share holders to have no update on the financials when they put in writing that the plan was to have them by end of the quarter
I do not think they care what we the investors and part owners of the company care
This is just one of many times they have not kept their word on self set deadlines that they posted
I really hope the kept their word that they would have the toxic loan resolved by years end
If the did I would think that would be relevant news and we should have heard that it was accomplished
If the company wants to play with the Big Boys .... they need to start acting like one
Integrity is missing
Do the right thing
Be that transparent company that you brag we are
This type of management will hurt the share price in the long run
Ok I feel better that I got that out
Seems like we would see stronger buying into Great news
The company sure is good at keeping what’s going on under wraps.
One last trading day for 1st quarter
Go POTN !
Thank YOU
I am trying to make sense of why they are taking so long
My hope is that they have been waiting for something else to happen
Question
If POTN has to ask for a two week extension to file the financials because for any reason they are not completed.....
are they required to make that information public before April?
Of do we simply assume that is what happened?
Down to the wire .....
Thanks for any help
CBD is the hottest new thing out there
Everyone is talking about it
So many companies getting into the game
Is diamond a major player
We will get results or excuses this week
So I Am guessing the audit we are holding our breath for has been finished
The company in the past has a record of being late
So why would they not put the numbers out ....
As soon as they had the 2 years audited financials in hand .... I’m guessing they could have filed for the list for the 3rd time and they are waiting for that to pass
I do not know if that would become public record when the file
They could be having issues getting the audit done ..... such as not getting information back from letters they sent out to confirm issues about the audit
Any other idea why they are taking so long to get out information
I sure do hope we do not here about an extension that they file this week
My money is on the company
Here is a link to the company that is doing our audited financials
They have been around for Some time
https://www.mca.co.in/about/our-team
My AT shows 626m
Many of those should may be restricted for a year and not in the float
Good Morning
I just googled CBD oil
A lot of different brands have entered the marked
Many have very little information on the manufacture and many have a wide variety of products
In the magazine I saw a large ad for private branding of CBD
I am guessing this is happening
If the ad pays off .... and orders are filled from the company we get our oil from .... do you think the orders are run threw POTN or are we cut out of the profit
Some of the Branding looks like
Ours
We do know from Audited financials
That we did $18,000,000 for the first 9 months of last year
If we matched that we for the last 6 months that will put sakes at $36,000,000 for the last15 months
Ya would think the toxic loan should be gone ....
by the way has anyone seen anything more on the small court case we had going
Would any settlement have been made public?
In all reality we do not know what the real actual sales have been for the last 6 months
We have only guesses
Soon we will start getting information based of facts
If the have got rid of the toxic loan
I really think that would clear a huge road block for new investors that are watching us
6 trading days left in the quarter
I agree These prices are almost too good to be true
I think POTN is one of the best gambles on the market
The earnings are real
The products are top of the market
The team is pro active
7 trading days left
And look at how low their trading volume is
I think our volume and the price staying flat is what concerns me
Seems with our volume we should move up... the fear is .... where is the supply coming from to feed the volume
8 trading days left in 1st Quarter
Financials are suppose to be made public in one of those 8 days or they have to file for an extension
See no reason we will not have them this quarter
Jelly Belly getting into the game
https://chicago.cbslocal.com/2019/03/19/cbd-jelly-belly-jelly-beans/
That 600,000 share trade and the one just before it ..... very nice
Surprised they did not move the price
Just for reference CVSI came out with full year financials after the close today
48 million An increase of 133% from previous year
Will be fun to watch how the market responds in the morning
The report is worth reading
I was taking into account if the orders continue at that pace
We did 9312 orders in 11 days so
We may have over 20,000 orders in March at $150 an order average would put us over $3 million in sales
We have no idea how the retailers are are invoiced but their large orders would not be taxed so I do not think they are in the order count that we are
They must have a different system
I placed a new order today
As I posted yesterday I had ordered on 2/28 and my order number was
323401 My order number today is
332713
That is 9,312 order in 12 days
Do you think the orders at the show
Have one of these order numbers?
I am guessing we are on tract to sell over 3m this month
The best is yet to happen
I know a while ago some were posting their order numbers
I just received an order i placed last week
It did not have any of the literature that I received with my orders in the past ..... did they run out?
My order number is 323401
Today was a good POTN day!!
Tomorrow is the famous battle command day ...... March Fourth
Let the POTN March begin
I am expecting them to beat the $24 million
The news block is sure interesting
If they had bad news the would have wanted to get it out first and out of the way
Most tased companies which are much more complicated have the financials for 2018
Another investor I know thinks POTN is doing well and they want to get the price up to sell the company at a great profit for all who are on the team
Reminds me of the .com times
The BIG picture may soon be released
I came across this advertisement
I tried thee oil and it does not cone close to Diamonds CBD
https://activehealadvice.com/product/revolutionary-oii-gets-legaiized/
The claims they make about their sales and what CBD cures and helps is huge
Almost 2,000,000 bottles sold a few years back
We have the best CBD on the market
In the next 5 weeks our buds will bloom as real news flourishes
Markets are closed Monday for Presidents’ Day ..... so the next two days or the wait takes 3 days off until Tuesday.....
I saw this .... about CBD coffee and “millions “ of people drink it daily
Not saying it is true but interesting arrival
POTN has got this CBD
We have a monster !
https://newcoffeebag.onlinecbdbuy.com/