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Why tapping out?
How does the prevalent bid and ask move? I saw it as .014 a minute ago and now .01...are trades happening now before open?
Why no more buying? Go Warriors!!
Just want to make clear, this news is announcing that they hired a consultant to help them in their journey. The rest mostly teased future news and hyped the hype they’ve been getting. While better than no news this will not be the news that drives a 10 bagger IMHO. Be careful in blindly buying the open tomorrow.
Sounds good. I’m still going to predict though that this stock flat-lined this week, which is fine with me as I am firmly in my buying phase.
Here’s the comparison folks will understand...
Imagine this is Prohibition USA years and states are starting to legalize alcohol....it becomes obvious that in time it will become federally legal and in the meantime we’re looking at the opportunity to invest in Anheiser Bush or Coors as penny stocks...
There will definitely be winners and losers, but amazing opportunity.
I’m a big believer in this stock and a long too but lets pump the breaks a little bit on .05 -.1 this week...
Lets translate that “I think the $25m market cap company will jump to $125-$250 million”...that’s a big assertion.
I think its healthier for the stock long term for it to make a measured move up versus an euphoric race up and then drop...JMHO
Nice!
Canadian MJ stocks all seem to be up about 10% today (Toronto Stock Exchange open)...even the HMMJ index up 10%...
I would anticipate the US MJ stocks following tomorrow and anticipate around a 10% jump in POTN based on this...
My guess is the purchased shell RSHN (if confirmed) is to provide legal separation to allow them to get into the MJ infused business (wouldn’t need it for any CBD infused additional product lines as they can just continue to use POTN as they have with honey sticks and so forth)...
With MJ, having it incorporated in Colorado makes sense then and the legal separation allows them to not put the mothership POTN at risk...
Just a guess...but for now the focus should be on POTN which should release December results this week and the audit very soon, followed by an uplisting to the OTCQB...
BIG THINGS HAPPENING WITH POTN...As Bruce Barren said, this will be the top performing CBD stock of 2018!!
Agree, the Twitter updates are a big deal...here’s my view of the stock (I’m 200k shares long)...stock is beat up pretty bad on dilution and no functional business...that’s all priced in here at .01, so this update and getting operational leaves a lot of upside once they show proof of product and revenue, there’s a lot more upside than downside...
My gut is saying it will gap up or shoot up at open and then settle back for a good part of the day and then drift back up to close. I guess we end at .12. I will try my best to be patient tomorrow trying to buy more. Hope I don’t miss the boat.
Great roadmap! Glad I am on board!
Thank you for initiating this and then sharing! This is helpful for the points you bring up and tells me this is a patience play.
Looks like Tom is old school and building a business. Don’t think he cares much about the short term fluctuations of the stock or the impatience of shareholders.
Personally I love these kinds of stocks. I am going to buy patiently into my ideal position close to .01 and I don’t think this stock is going anywhere for a bit since no news and I hope hat shakes out as many weak hands as possible. I am fine to sit here for a year or more and watch this beast build from the ground up. I love being ahead of the curve like this...finding something before others vs chasing late with the herd.
What’s your source?
270 million outstanding shares.
$54 million Market Cap (.20 price x 270 m shares)
$20 million of annualized revenue ($1.6 million per month x 12)
Trading at 2.7 times CURRENT revenue levels.
Anyone who doesn’t think a company in its infancy trading at these levels given its stratospheric growth over the last year is not CHEAP, regardless of industry, needs to rethink.
The only reason this isn’t $.30 or more is the temporary uncertainty from the Sessions issue, and POTN doesn’t even sell MJ products (go to its website and click on a product and see the 3rd party verification that its products are THC free).
This beautiful baby is getting thrown out with the bath water, its a SCREAMING BUY at this price level...
If I read right they have 2.6 billion shares outstanding so at .01, its a $26m valuation. Right?
Can someone explain how a share reduction differs from a reverse split. I thought a RS was the kiss of death. Is a reduction like a buy back??
Holy crap! Nice! Enjoy your early retirement.
Good luck to you too! Are you buying more shares at this price?
The shares thing was obviously a joke.
Yeah...ok...wtf?
Is the traffic to their site publicly available info? If so that would be helpful. Also has anyone thought of calling them to find out what their advert rates they charge are?
Anyone working in this area have an idea of what each advertiser might provide in revenue s month? My WAG is $1k each but I have no idea. Do they pay per click?
My wife knows the African commerce market after 15 years working as a corporate liaison to distributors there and I’ve asked her to email Mike CEO with some helpful thoughts about that market. Sounds like he’s pretty responsive? Maybe he will give her some shares as a thank you!
I bought 60,000 at $.006. Thinking of buying more. Anyone who bought at .06 or above mind sharing how many or what their strategy is (buy more now? Try to hold out for a price dip?)
What is the Market Cap and outstanding shares now?
Anyone know outstanding share count and current Market Cap?
So the 4 million trade at .0095 was a “T trade”?? (Forgive me, I’m trying to learn)...and why is that believed to be dilution, because they “hide” the trade by only disclosing it at the end of the day which allows them to push out all those shares without tanking the price in the process? Am I understanding right?
But for every buyer there is a seller and vice versa...does that mean some “whale” bought 4 million shares in one shot or is the T Trade the aggregated amount of a series of trades.
Please someone educate me....
Ha ha, the stock price chastity belt failed! That sucks...
Its closed before .01 before though if I recall...
Am I wrong doesn’t .01 look like a rock solid floor? It can’t be penetrated (its the stock price chastity belt!).
Don’t you buy the bottom? Am I missing something?
When that big PR hits I’ll have a nice “Wooden Indian” in my pants watching all that profit come flowing in...until then, I wait patiently.
You don’t need to preach HMPQ to me, I’m already 200k shares deep and ready to run!
For INMG, 80k shares more bought today...now at 369k shares and ready to go higher...”Mini-Whale Alert! Mini-Whale Alert!”
I’m having fun here folks, we’re seated so prime here...such low downside, such beautiful upside...
Life is short, lets keep it positive on board here and have a little fun! We do this for fun (and the side effect is profit)...enjoy the ride a little folks...Boots and Coots take a chill pill, Pennystock you too!
I am shocked that people are selling here...days before an audit and then uplisting and we all just got a FREE advance news release via the RSHN news...totally my guess but to me it means they’re doing an MJ play...”to the moon Alice”!
PS, if this information just happened then it means its a subsequent events disclosure in the audit under GAAP and the need to do that subsequent event might be why the audit is held up a little.
BUY NOW OR FOREVER HOLD YOUR PEACE! I’m already seated comfortably on the POTN train to financial freedom but if you’d like a seat next to me, your ticket costs $.19, hop on board!
Weren’t you just saying that the sky was falling like two hours ago??
Hey it’s my friends from the POTN board! Long time no see!
Grabbed 1 million at .03 and ordering 1 million more at .02 but not filled. Want a seat at the table for the feast! Ha ha
I think it’s a MJ play!!!! Need to CO shell for legal protection.
This is a total guess on my part.
They bought it for nothing.
I’m reading that too...just bought 1 million shares of RSHN for $300 just in case...
So IF TRUE, they bought it for virtually nothing and I believe it is Colorado incorporated, AND my guess is it will provide them the legal separation (to protect POTN from risk) to start a line of MJ infused products to parallel the CBD ones and if I’m right, that might be huge!!
Remember when Researcher got WIC and BullMarket to sell at .06 three days before liftoff...then disappeared. Don’t forget about that when someone says they have “bad news”
Remember when Researcher got WIC and BullMarket to sell at .06 three days before liftoff...then disappeared. Don’t forget about that when someone says they have “bad news”
No I believe that is report of December results. I am a CPA. It’s almost impossible to complete and issue an audit 2 weeks after year end.
What news are we waiting for?
That’s what’s so funny to me Penny...I’ve been all in on POTN and its board since September, and a month ago people were HATING on POTN hard! It was going nowhere, totally range-bound as the rest of the sector. The patient faithful stayed and kept faith, the weak-handed sold before the run.
After the run it was a total love-fest on POTN board.
INMG reminds me so much of POTN but on a 1/6th scale (6 cents vs. 1 cent here...$30m market cap vs. $3m market cap, etc...).
Penny I believe you’re a long...and if so I think you’re in a really good spot now. I invite you to use this as an opportunity to practice patience. Rome was not built in a day!