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Yeah sorry I forgot about when they announced it. I honestly laughed when I read that PR. They acted like people don't already use crypto for the MJ sector and were oblivious to coins that already solve what they said in that PR. Coins like Tokes, potcoin, hempcoin, dopecoin. I'm sure there are others now as I exited my crypto positions since it's in a bear market.
And my past statement assumes that they announced it shortly (3 day span) btc is right around where they bought in a month ago if you assume that they released the statement right away. Given that this company puts out PRs like crazy, I think it is probable that they bought within 3 days of saying that.
Regardless it was a poor decision since they could have either a) not acquired debt to purchase it or b) reinvested into the part of the company actually making money. Whichever way they bought it was stupid. Thanks to that decision we will be seeing stagnant 2 mil a month revs for awhile.
They announced it on April 16th. Given how much PR this company does, I would think it was within a few days of that date. 3 days prior time frame the low was $7829 and high was $8,400. This is after a run up so they could have paid more for the equipment. Btc currently is at $8,491. They will be running in the red with that side operation for a little while with this. Macd crossing bearish, trading below ema, rsi looks bearish too.
Yeah I checked up on crypto charts since they bought the facility. Btc was at ~$8,000 per coin. Currently btc is at $8,500. That's 6% higher than when they bought it, but the price of btc is going down. Rsi is trading bearish. So they may be breaking even at best right now with costs.
January they reported 2 mil in revs...that was before the crypto mining facility. So four months later and the revs aren't increasing? You don't see that as a cause of concern? I do. In 4 months time I expected even the diamond cbd brand to do more than 2 mil in revenue let alone with the crypto mining facility. I was expecting 3 mil as a conservative number. Not impressed at all with their report today on revs.
All I'm saying is last year we saw month over month growth. This is an industry in its infancy so growth should be seen. Not stagnant 4 months of the same monthly revenues (again they just added the crypto mining facility so that should have generated SOMETHING over April) but we are suppose to be excited about numbers that are equivalent to January revs even with more ways got the to generate revenue? I'm not. Hate to say it, but it's the truth. They haven't increased revs at all in 4 months.
Pretty surprised it made a move up today with revenues being 2 mil every month for the past 4 months. Not seeing the growth month over month like we use to see.
Meh. Still on par with the last 4 months worth of sales. I wanted to see 3 mil
I've been in this stock for about a year now. I know the upside they have, but that doesn't excuse 4 months of revenues not increasing month over month. Last year they were beating previous months revs.
I'm just not impressed at all
Yeah but my point is
Jan-2mil in revs
Feb-2 mil
Match 2 mil
April 2 mil
...wheres The continued growth? They've hit a plateau 4 months in a row
I was expecting to see closer to the 3 mil in revs than 2 mil...
Idk about you guys but I was expecting more from the April numbers. I 2anted to see growth from recent months. It seems they may have hit a plateau on their monthly revs
They've been keeping us up to date on the remaining debt...they just announced paying off another 300k in just one week. What more do you want? The shares were in the process of being retired verified by the audit. They never gave a time frame on that. By the looks of it, they want to address paying off the debt as the main priority.
Actually in the past the tended to release them in the middle of the following month
Releasing April results? We all know that happens the following month, which we are in now.
They tend to release the results in the middle of the month. So I'm guessing next week we will see the April revenue numbers, which I anticipate to be pretty damn good
Hmm maybe you don't understand the difference between 300k in net profit for the first week versus 300k in sales? POTN paid another 300k off on debt in 7 days. Meaning they sold more product than just that 300k (at least 600k). The 300k is SOME of the net profit that they allocated towards the debt for the first week of the month. That s pretty damn good...
557,000 shares just slapped the ask
The daily chart is oversold for the first time in a year! If this isn't a great buying opportunity already I don't know what is
Not really old news. Last week they said the remaining outstanding debt was just under 2mil. One week later it is now under 1.7mil. The way I see it this is great news! It is telling me that they are working on paying off that debt as fast as possible.
I wouldn't be surprised to see them double last year's rev numbers this year. They are addressing the debt they have. Even at the price target of $1.25, I still think that is undervalued for what this company is set up to achieve
The RSI is touching oversold levels on the daily chart. This stock is significantly undervalued and ready run. Looking forward to those great numbers for April!
POTN is in the process of retiring 300,000,000 shares just as the audit has stated.
rated a buy with price target of $1.25 issued by two companies months ago
outstanding share count is 569,920,485 (not one billion as you said) and as the audit states (just as the POTN has said and is now verified) they are in the process of cancelling 300,000,000 shares. Making the count 269,920,485.
These are the facts.
You are right. Today's news wasnt good...it was great! This is the audit that we have waited many months for and it verified everything that the company has said and PROVES that it is growing and producing the revenues they state.
THE AUDIT IS OUT! Reading over it now and everything seems to be lining up just as the company has said. the outstanding share count is 569,920,485 and the auditing firm verifies that the 300,000,000 are in the process of being cancelled.
https://www.otcmarkets.com/stock/POTN/disclosure
patience pays off.
Warren Buffett: "The stock market is a device for transferring money from the IMPATIENT to the PATIENT."
you can scream dilution all you want, but the fact remains that you have absolutely no guarantee that is even the case. It is purely you're own speculation and opinion.
Again why would they dilute when they are retiring shares? Sounds counterintuitive to me
Maybe someone else mentioned those other stocks and I missed it
I didnt mention any other stocks lol
Seems you've changed your mind back and forth quite about this company the past few months. Excuse me if I don't take you're statement as genuine. This company is growing revenues and sales. Not sure what makes you think that it isnt
Not much data to go off of to verify that observation.
they are already at over $4.1 million in revenue over the first 2 months. Multiply that by 6 and you get 24.6 million this year. That 164% growth outlook for this year. February is a short month too. Now is the time to load
They did over 3 million in the first 45 days of the year. 45 days =/= 3 months. the correct projection for the year if they stagnant is 24,333,333.33 (Thats 61% growth in sales over last year). Thats a conservative number considering theyve been growing quarter over quarter.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”-Warren Buffett
You will never see $0.06 per share...ever...again. It hit $0.95 after they released revenues of 2017's numbers. 2018's are set to double if not more. $2.00 per share this year is what I expect to see.
This stock hit $0.95 after they released 2017's revenues of $14,499,000. Since early 2018 they have already made over 3million up to mid February. They are set to have a MUCH bigger 2018. You think that price target of $1.25 is far?! POTN is about to double its revenues if not more this year on this trajectory. People were buying up to $0.95 at 14.5 million revenues last year. I expect to see more than $2.00 per share this year
Now 2 research companies have given this a strong buy and price target of $1.25! We all know this company is already doing very well in 2018 and on pace to more than double its 2017s numbers! Its going to be a great 2018 for the company and us longs
LOL worth soo much more
They just released a statement last week saying how they generated over 3 million in sales the first 45 days of the year. That is HUGE compared to last year. Average that out over the year and they will do 24 million in sales this year. Thats almost double what they did last year!
I smell money!