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Thanks Wolf, any idea about the timing of this?
Alan Brochstein's comments about POTN do seem to always be extremely negatively biased, never mention any positive points about the company, and always pump other competitors. This makes me a bit suspicious and it comes off as written by a person with a vendetta rather than an objective analyst. It seems to me that an unbiased analyst would use phrases like "we think this stock is a hold until debt is resolved" and "given the strategy laid out by the company to increase high quality product lines, expand sales venues and marketing and expand into additional countries", "impressive increase in year over year sales" etc. Why are Brochstein's comments so one-sided?
On another topic, does anyone know what the progress is regarding the hemp bill? Wouldn't it be great if hemp companies could get legitimate loans sometime this year!
Brochstein makes some valid points that will hopefully be addressed in the soon to be released quarterly report.
"Greater visibility and credibility before global financial markets and investors". Translation- big money will be pouring in very soon. Do your DD based on facts released by the company.
Realistically, the longs will be rewarded very well in the coming weeks when 2nd quarter earnings are released, retirement of 300million shares is completed, debt is settled, uplisting to OTCQB is completed, and the hemp bill is passed. VERY WELL. Do your DD.
I would not want to be short POTN next week. At the least we get some earnings numbers and updated number of shares outstanding which we know now have been reduced at least 28%.
And based on increasing revenues, that is very reasonable.
Click on this link
https://www.otcmarkets.com/stock/POTN/profile
It has been posted several times. You might need to lift a finger and scroll a tiny bit to see shares outstanding, it is right there....
POTN won't hit .5 today, but my bet is after some announcements in the next two weeks. Nobody knows about the share retirement except readers of this board.
Smart buy. POTN shares are worth 30% more today that they were last week. The shareprice should be at least .5 today.
Shares outstanding have been reduced to 464,900,000 on OTC Markets website.
The number of shares retired is much higher in this report if I am remembering correctly.
Wow!!! According to this new report out today by SeethruEquity half of the 300 million shares promised have now been retired- this is great news.
Now is a good time to get in.
I predict a perfect storm driving the BTHMP POTN price up rapidly in the next few months due to catalysts hitting that include legalization of hemp nationally, settlement of debt, a bump up in earnings as new product lines take hold, name change and uplist, and a general market upturn in the fall.
I'm there long and strong.
I hope this spills over into USA cannabis stocks...
https://finance.yahoo.com/news/canadian-cannabis-stocks-set-surge-fall-133834058.html
Sounds like Southridge can either settle on terms offered by POTN or risk summary judgement, for which there is a good chance based on investigations of their shady dealings. All very positive for POTN, they owe zero or very little remaining on debt.
It's well known that Canadian pot stocks have been running on loans and venture capital and will be for a few years until sales catch up with upfront investment. You have to believe in potential earnings to want to invest.
CashCollections- a voice of reason- thank you for factual information regarding the little amount of debt remaining. IMO it is definitely worth waiting for a court decision for the most beneficial outcome for shareholders, meantime a settlement can come any day.
Read the last 2 paragraphs of the latest quarterly report on their web site.
This company is very transparent, has put out their plans to increase shareholder value for the foreseeable future, has achieved every milestone as quickly as possible, has explained why delays have occurred due to circumstances out of their control, has steadily increased revenues above projections and is always rolling out new product lines. You may not like their goals and plans, but at least you can make an investment based on knowing what to expect. No toxic debt or reverse splits like other competitors in this sector.
With regard to debt, IMO they are taking the time required to negotiate the best deal for stockholders. It will happen soon.
I would not invest in a company and management that needed to reverse split to achieve the goals. I expect POTN revenues to increase share price.
Ridiculous! POTN won't need a reverse split. Their revenues will grow massively- and that's no exaggeration, as word gets out about CBD and their new product lines take hold. It's all about revenues, and this company has them. POTN will be $1 as soon as a few catalysts happen in a few months.
Absolutely agree. When I see a stock plugged on a major network, it goes down from there most of the time because it is past the growth stage. I try to invest early, before the big money has come and gone and the company is too big to grow. I look for big positive catalysts, and I think POTN qualifies.
It is an analyst estimate based on revenues. It is informed and educated speculation, which is the best anyone can do predicting the future of any stock price.
Many large catalysts to increase shareprice have been announced by POTN and are due in the upcoming months, including debt resolution, uplisting, retirement of HALF of shares outstanding- which has already commenced according to latest analyst report, new medical products for people and pets have hit the markets and should be adding to sales, June sales and second quarter earnings. IMO these catalysts will result in a jump into the $1-3 range by the end of year, as announced by analyst reports. This is occurring against a backdrop of Canadian full legalization and hemp legalization in the US, giving heightened attention to health benefits of all hemp products.
Hopefully it's a faster restocking ability sale.
Thanks for the update. Anything involving courts always takes forever.
Agree, the company "is confident of a favorable outcome" means pretty much done deal to me.
Yes there is a set court date this month.
I have heard speculation that POTN was acquiring Rushnet for a CBD beverage product line, but this THC subsidiary stuff is new it seems
Sounds like there is a strong rumor going around about RSHN as a THC subsidiary for POTN. I am beginning to wonder about this- somebody know something?
Share retirement is underway, as is SEC registration. These things take weeks to months, not hours and days. Dilution is not happening and will not happen. Read press releases, read quarterly report that just was added to the web site. Web Site for those that read and want to do real DD:
https://www.potnetworkholding.com/
That is a ridiculous statement. Have you read the multitude of press releases about company strategy? They are moving through the list of events at a rapid pace.
https://www.potnetworkholding.com/media/press
"Once the Company’s Form 10 filing is deemed effective by the SEC, the Company will begin the process to uplist to the OTCQB market tier.
PotNetwork Holdings, Inc. is pleased to announce that on June 27, 2018, the Company, a Colorado corporation, filed an amendment to its Articles of Incorporation in the state to change its name from PotNetwork Holdings, Inc. to “BioTech Hemp, Inc.”
In connection with the name change, the Company is now in the process of preparing its filing with FINRA for a name and symbol change; and in anticipation, has obtained a new CUSIP number to go in effect at the time these changes are effective. The Company plans to complete the FINRA submission by the end of this week. Implementation of the name change and symbol change, is subject to FINRA review, approval and processing."
Thanks for the heads up on RSHN this morning! Hope we see CBD natural beverages soon from Diamond. Bought a few million RSHN at market open.
The analyst estimate was $1.25 by end of year. They will be right.
Did you read the analyst report out today? Share retirement has begun. There is a court date for debt resolution coming up soon.