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Much more news to come this week IMO, let's see that new strategic plan regarding the mysterious new subsidiary and ESPECIALLY third quarter revenue increase.
And then there is Canadian legalization Wednesday- which will bring additional attention to the entire sector IMO.
Here comes your sudden shift in share price. My prediction- multiple PRs this week.
From POTN press releases:
PotNetwork Holdings, Inc. is acting swiftly to protect the supremacy of Diamond CBD, Inc. by taking steps towards expanding into new regional markets in the U.S. as well as Canada and Europe. The Company is also testing direct selling to end-user points-of-sale; that is, fleets of Company-owned sales vans in major U.S. metro markets that sell directly to brick-and-mortar retailers, stocked with products that are locally warehoused.
“We will continue to invest in innovation, line extensions and market awareness in order to reinforce our current industry leadership position and generate consistent incremental improvement in sales and profit in order to add to shareholder value,” stated Richard Goulding, M.D., President and Chief Executive Officer of PotNetwork Holdings, Inc.
About Diamond CBD Inc.: Diamond CBD focuses on the research, development, and multinational marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD’s team consists of hemp industry pioneers and natural product experts, chemists, doctors and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils, tinctures, edibles, and vape liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com.
https://www.potnetworkholding.com/media/press/potnetwork-holdings-inc-sees-revenue-increase-thanks-strength-diamond-cbd-inc
The scientific advisory team can be seen here, made up of physicians and PhD researchers.
https://www.potnetworkholding.com/about/team
Tomorrow must be news day. Capitulation before big news.
Do your DD. The POTN administrative team includes several physicians and researchers:
https://www.potnetworkholding.com/about/team
Kevin Hagen, President, recently received shares. Based on my experience, executive administrators recieve compensation for milestones that have been achieved. I expect big announcements about these accomplishments soon. Just because they are not public knowledge yet, it doesn't mean that things aren't happening within the company. Patience will be rewarded. See recent posts by CashCollections for info about executive compensation.
Here we go again with the FUD spreading. POTN will double when the news comes out, possibly tomorrow (see FRLF as example- I hold it also). Patience will be rewarded as this companay has great revenues and the best products. Revenues due any day upon completion of audit, uplist, SEC registration and debt resolution. POTN board members are getting stock for hitting milestones, progress is happening, it just has not been put into a PR and announced yet.
The message is ANY DAY NOW! POTN/ BiotechHemp long and strong.
In a few weeks, mid-October, we can look forward to blowout 3rd Q revenues. This is when I expect to see a big increase over the first two quarters based on press releases about orders, new products and new markets.
News tomorrow- I'm hoping.
And great products as well as great revenues which we will see jump in August IMO. Most companies don't put news out every week or even every month. POTN is starting to behave more like a Nasdaq company called BiotechHemp... When you see news, it will be big news.
I think they are waiting for completion of audit to state earnings. August revenues have to be up due to the 400 orders at the end of July trade show and multiple new product lines that have been introduced since last spring. I also think they will release multiple back to back PRs when audit is completed, including SEC registration and application to uplist or news of uplist to OTCQB.
They are very good at quiet periods lol.
POTN should win this case.
So today is the day for the decision against Southridge partners on summary judgement?
Miamirave- thanks for the review! This is why POTN has such great potential- great to hear this from an experienced CBD retailer. Upcoming revenues for August will be stellar IMO.
So right. When the POTN uplist occurs, the stock can easily double within days (example ETST). When debt resolution occurs, 5-fold within a few months (see CVSI). With these upcoming internal and external catalysts and increases in revenues, POTN could be 10-fold higher within months.
Dr. Goulding is very busy increasing revenues, product streams, sourcing for raw materials, and opening new markets, as well as overseeing auditing, SEC registration and OTCQB application. He doesn't care at all about the impatience and daily complaining of daytraders. Longs will soon be rewarded. POTN/BiotechHemp long and strong.
Is next week the next big news week? have they counted all the July and August dollars yet? Maybe they have converted to blockchain in the last month.
Didn't BUDZ run up to $9? Best case scenario we could see $5 or more in the next year IMO, if quarterly revenues jump with new product sales and new markets.
Still trading 3 million shares a day while moving sideways.
I trust the management of this company, and changes of fractions of pennies in share price are irrelevant to the short-term (weeks) and longer term (months). News will come any day and the 20's will be a distant memory.
Wont be long before that 100,000 shares is TRIPLE THE VALUE
CBD WILL explode. All of the people on dangerous pharmaceuticals for pain, anxiety, and insomnia will discover the benefits. It is the tip of the iceberg! The market is big enough for many companies to massively grow and profit. We will see this happening over the next several years.
What matters is that the average purchase per buyer at that show was $82K.
The company has clearly laid out their short and long-term strategies and has always come through. Audits usually take longer than anticipated. This stock is watched by many. I have all of my shares and I am content to wait for my long-term gains since I originally bought in at 0.06 up to .2 and .30's.
Here are court dates from Cashcollections
Original extension was requested early July...this is just the judge approving the extension.
POTN needs to submit their response and summary judgement by August 3rd.
Southridge needs to reply by September 11
POTN then has till October 2nd to file final reply.
Per POTN it does appear it will take till Q4 for a final answer.
The summary judgement basically lays out a couple things
Southridge was using an incorrect or not agreed upon conversion rate
The conversion was also defective as they have a 4.99% cap on outstanding shares...the conversion would have overstepped this safeguard
Overall they are requesting the case to be dismissed as Southridge's conversion requests were not in good faith(conversion rate and remaining balance calculation), conflicted with their contractual agreements, would have resulted in violation of the overall 4.99% cap.
If POTN can get this dismissed it will be very favorable with the other small suits of similar nature.
The main 1.8M is held by Charles Vacarro right now and the 25M conversion done earlier in the year was at .012, not the .0003.
(Cashcollections posted 8/7)
Someone, I believe Cashcollections, had posted in detail about the court dates and claims about 4-6 weeks ago. I am going on memory, but I know it was mid-September and it had been pushed back from August.
And believe me, once the completion of audit and SEC registration are announced, or July-August revenues, or new beverage product line, or debt resolution, or name change, the share price increase will make you dizzy.
I believe today or tomorrow is the court date for summary judgement to remove the old debt from the auto business years ago.
We know revenues will be way up in August, it is just a matter of time until reported when the audit is completed. Patience will be rewarded.
They always follow up on their announcements also, although it can take an extra week or two- which is this week.
This could be a very good week. Any of the announcements that are overdue could double the share price by Friday.
The one thing I can fault exec management with is overly ambitious timelines for audit completions. That said, it should be completed soon. Meantime we are probably getting some positive interest due to more good news from RSHN, our sister company that I hope will be providing CBD and CBD beverages to add to our product line.
With the name change, SEC registration and uplisting, BiotechHemp may be converting to quarterly earnings reports like most other companies. If July revs were flat it would be wiser to wait and report 3rd quarter which will be a blowout IMO. The waiting requires a lot of patience though...
Revenue for August will double that of July IMO, it is absolutely not declining- have you even read the press releases COPILOT?
That is quite an exaggeration about all of the selling. The shareprice has increased from .24 to .26 in the last month with no news (or somewhat bad news actually). It has been churning sideways for the last 2 weeks.
Must mean that the BIG news is about to break!