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Hit the .07’s....nice 2 day run here!
No new news just normal follow up to 10Q.
Supplemental Disclosure document posted today on OTCMarkets.com. Not a huge deal just an FYI
My guess is the loser auditor they hired has either flaked on them or running behind and so to avoid a stock hit from missing data they posted the internal unaudited report to OTC Markets to be in compliance but would rather not “advertise” it until they can get the audited numbers and post those.
The Sep financials shows they are issuing 40m shares per quarter to Sign who I assume is then free to dump them for cash...?
They are issuing 40m shares per quarter to Sign on the debt, that’s 80 500k blocks to be dumped per quarter or over 1 per trading day.
My 50,000 foot take-away is that the Q3 results just confirmed what we already knew for the most part...they borrowed another $477k on that “Sign” note in Q3 and it appears that helped fund working capital (from increased A/R of $259k and Purchases Paid but in Transit of $483k)...
So at the end of the day financial results were strong as we already knew and that dilutive note still exists and is being further borrowed upon.
Not sure where that leaves us, probably not a lot different than we were the day before these results came out...
Ok ran some quick numbers to isolate Q3 results vs. prior quarters...
Q3 Rev of $4.4m vs. $3.2m in Q2. Gross Margin % up to 40% from 33.5% in Q2 (so discounts not hurting them relative to prior quarter it appears). Net income for the quarter of $294k (6.6% of sales) vs. Q2 of $216k (6.7% of sales)...quick glance at expense seems to be from higher marketing/advertising costs...aka reinvesting profits in growth.
My only hesitation is these funky notes!
They got $246,000 for 82million shares. At .06 the fair value is $5m for those shares. That concerns me.
Chance to buy or sell?
It’s Sept data! 82m shares issued to Sign for Q2 and Q3.
What are their names and where do you buy them?
Thoughts? Legitimate concern or just click-bait article?
https://www.yahoo.com/finance/news/jeff-sessions-may-6-days-164100339.html
Would love to learn how you can invest in Colombian farms. Appreciate your foresight.
Well sadly I guess you’re right...only my wife can spend all my money for me.
I do like the idea of an open discussion of trading portions of our share holds. My challenge is I have a hard time staying objective and think it will always go up (or at least should)
Great advise! So how do propose we do so. I’m not a good trader. What % of core might you flip and when (in theory). So hard to time markets I usually just buy and hold.
Everything I see is .069 closing. Yahoo finance co firms as does TD Ameritrade. MM are allowed to disclose some trade info after close but that is not ending price.
What do you think is causing that shorting? Should we be concerned. Aka do they know something we don't?
Wow I missed that one...thanks for sharing! That explains it.
Entire MJ sector got crushed today, anyone know why?
I wonder if the delay in release of Q3 financials is in some way connected to this share restructure release?
Possibly they were waiting to finalize those terms so that they could disclose that share restructure as a "subsequent events" disclosure in the Q3 notes to the financials.
For that question and a lot of recent others on this board why doesn't someone call Marisol at the info below. Got this off the bottom of yesterday's press release.
Contact: PotNetwork Holding Inc. Investor Relations: Marisol Elwell, 1-800-915-3060
investor@PotNetworkHolding.com
Today don't you fear missing the boat on stock price?
To me the big win today is the signaling to the markets that this move makes that management is serious about not diluting and about creating shareholder value. They didn't have to do this...
I HATE chasing share price but couldn't resist buying 15,000 more shares to get to an even 200k. So glad I didn't give up on this stock.
I hope to heck you're right but to 30 on what catalyst that wouldn't have already been priced in to a great extent?
I would guess .08 cents, .09 max by end of year.
Am I wrong that we just solved the mystery of how many outstanding shares (aka how much dilution) when the release said 569m current shares. That means the 10q will be at or below that. Isn't that a big deal (confirming there was not massive dilution going on)?
Any idea why I can't get my .0685 order for 15,000 shares filled when I see it above the bid price and market price showing on TD??
Have one for me. Congrats Florida you are a big shareholder and have been an unwavering advocate.
Sitting at Reagan Intl waiting for flight home and log in to see this...what a gift!!! Congrats longs! Researcher you should have hopped on board. Not too late!
Thanks for pointing out. Why would it only mention POTN paying if the article highlights several companies I wonder?
Excellent Matthew!
That assumes sales would not decrease without the promotion...I can guarantee you they would. I would never buy their product at full retail...not worth it.
Remember that the prices on their website are retail...they do a lot of their business wholesale so a lot of the revenue numbers incorporate these big discounts and if they can offer say a 40% discount and still be at or above the wholesale price why would they not to drive up volume and profit? Retail price is high in my opinion, so discounts a normal marketing tool to give the impression of a "good deal" and drive sales. I buy but only at 50% discount price.
I know but in the Shareholder Equity roll forward in the filing it shows 586m. Not sure why two numbers just pointing it out. So may not be as much dilution. Also 600m sounds like a rounded number.
Last fins show 586m in one spot and under 500m in another. If 586m real number then no...not sure
Please help a newbie understand what that means. Sorry learning. Long and strong POtN!
Perfect explanation! Thank you!
Would love if you could expand on "It’s a perfect classic bull setup with several confirmed indicators!". Do you mean the moves above 50 and 100 day MAs? (I'm a financials guy, not a stock guy, so I get hung up on Balance Sheet and Income Stmt)...but little experience on chart trends.