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48 million shares per quarter issued to pay note interest with 60 trading days in a quarter means 800,000 in theory of each days selling pressure may be coming from these shares. On a normal day that might be 1/3 of the volume.
Am I thinking of that right?
What is "oh boy" (trying to learn)?
Your math is right. I was thinking of it from the perspective that as they dilute and the stock stays flat vs rising as we all think it should then my scenario would hold true. For instance over the last quarter the stock stayed basically flat but per this discussion at least 48m shares issued. So I was imagining a scenario where that continues. Shares leaked slowly not all dumped like a 2-1 split.
Please do!! I'm 185,000 shares long so really want to see POTN do well and from my previous posts you'll see I think they are greatly undervalued.
The problem for me is that his article is just based on info from the POTN filing, crook or not, 8% interest on a $1.8m loan is $144k which if paid with .003 stock is 48m of dilution per quarter. That .003 must adjust as he mentions or the company is getting ripped off.
That being said this is not new info. It's been in the public filing for 3 months. In that time the stock price is up not way down. Would really like to see the loan addendum in question.
I honestly don't know what to make of it. If you read my old posts it was one of the first questions I asked about the company a few months ago. It concerns me but also doesn't make sense....you'd use up all the remaining authorized shares in a few years just paying that interest. Maybe they have the option to pay interest in cash vs share conversion??? It does worry me a bit and has from the start, it may be what is holding the stock down but even if fully diluted at 1billion shares, it still puts the company valuation at $64 million which is very fair given that annualized revenue close to $20m, so dilution has never scared me too much.
Nope wish I did.
It's the "sense of calm" that has become milder/less noticeable over time for me.
Every tick must be studied, dissected and over-reacted to. No time for walks.
Have you tried Relax gummies or the oils or just Chill? My first bag of chill gummies I felt more of a wave of physical relaxation but maybe I have a tolerance now. Lately I just kind of get tired and go to sleep. I typically eat 1-2 gummies.
Good idea but with what funds?
No worries, I appreciate you protecting the board. I am 100% in on POTN and have been an avid defender.
Please help me understand what that means in layman terms. What's with 47mil on the bid that I see?
Whoever goes, please take pictures and post and ask them why they selected such a sh*tty auditor?? Tell them to dump that no name guy and get the Quarterly results out within 45 days.
Great entry price!!
I love this, we are up 20% over the intraday lows of .052 of the past week! WIC many thank you's for your 1,000 share buys. You're a true champion of the POTN cause!
Rat of the MJ sector getting rocked (anyone know why?) but POTN soaring! Now it's our turn!
Up over 8%, up $900 bucks and my position is back to even and I haven't even had breakfast yet...not a bad start to my day!! Have a great day folks!
$1.7M monthly revenue ($20m annualized) revenue reported, stock goes up 5%, I'm doing a happy dance, not so sure why the heck everyone is so sad today..."horse goes into a bar, the bartender says, 'why the long face?,"...lighten up folks...we've seen the stock go DOWN on PR releases like this before.
For whatever reason, this will never be like those other penny stocks that get a whiff of good news and go up 50%...
Its just not that stock...but it is solid as a rock and getting stronger every day...now tomorrow you follow it up with Q3 and this is one heck of a week.
We're moving in the right direction folks and that's all that matters. We've made a vow to be a patient group together, that's what makes this board different (better) than the rest.....right?!?!
Chill out, I was replying to someone else who brought them up
Read the chain we are talking about PURA not POTN. POTN has no shipping issue
Really? Oh I thought it was US and related to PJet (where I lost my a@@).
Unless they move their operations to Canada good luck shipping a federally illegal substance across the national border.
Too late at this point. The easy money has been made
Ok so late filing is not a kiss of death or penalized in the OTC? I am new to this.
Doubt it. They don't have the capital to buy build or lease any building of that size. Who knows though. Just guessing.
I am thinking of selling all my shares if something is not posted by market open. Anyone think that's a bad idea, how do you not even post the notice of late filing which they've done timely in the past?
I make that some dummy just attached the wrong file on upload.
I've always thought the 15th was sort of the "customary" 45th day even though 45 days was technically the 14th. Accountants often use a "360 day convention" where you assume all months have 30 days. I truly get worried if nothing by end of 15th....no excuses then.
Sorry missed it. What happened when they delayed revenue numbers?
I just learned something today, thank you for AON heads up
I just do a simple limit order.
What is aon?
News for POTN that I don't see here but saw on TDAmeritrade.
PotNetwork Subsidiary Diamond CBD to Exhibit at the 6th Annual Las Vegas MJBizCon Event
11/14/17, 5:00 AM
PotNetwork.com Launches New Website with Coverage of Marijuana Business Daily(R) Sponsored Show
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- PotNetwork Holding, Inc. (OTC Pink: POTN) announced today that the Company's subsidiary, Diamond CBD, is exhibiting at the 6th Annual MJBizCon event. This trade show attracts not only the largest, but the most-qualified buying audience of any cannabis event in America.
The MJBizCon Expo is home to over 650 vendors, and expects attendees to exceed 14,000. This semi-annual, all-professional event has earned a reputation of being "the event where deals get done." Recognized as the fastest-growing trade show in the country across all industries in 2016, more product and service providers in the cannabis industry depend on MJBizCon to deliver results than any other trade event in the industry.
PotNetwork Inc., the Company's other wholly owned subsidiary will be launching its website, PotNetwork.com, and will be actively interviewing key industry players, and posting event highlights from the show.
Since PotNetwork Holding Inc. repurchased PotNetwork.com in June of 2017, plans have been underway to develop the platform into a counter culture, cutting-edge digital magazine. The magazine will publish daily articles and news related to the cannabis industry.
About PotNetwork Holding, Inc.: PotNetwork Holding, Inc. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its subsidiaries including First Capital Venture Co., the owner of Diamond CBD, Inc.
About Diamond CBD, Inc.: Diamond CBD focuses on the research, development, and multi-national 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.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171114005621/en/
CONTACT: PotNetwork Holding, Inc.
Investor Relations:
Marisol Elwell, 1-800-915-3060
investor@PotNetworkHolding.com
Source: PotNetwork Holding, Inc.
HMPQ. I told him I have made a number of trades in POTN on TD Ameritrade.
Just saw this on another board. Might it be part of the problem why we don't see more buys?
Funny you should mention POTN, I was thinking of buying some but Scottrade/Ameritrade would not allow purchase of this ticker, not even through the broker. Something seems fishy with this one. Other penny tickers were OK to buy online or through the broker.
I've bought POTN approx 15 different times on TD Ameritrade with no issues
Good eye! So OTC Markets website is the place to check?
Diamondcbd.com. They have 50% off sales all the time. Go to POTN board and sometimes people post the discount codes. It's the only other one I know of.
New 8-k in News. What does it mean?