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$350k for the quarter
Thanks! I will take a look.
Thanks! Checked out the GYST board...yikes! Sounds sketchy! I will keep my eggs in this basket.
Thanks! I like the buy on tax loss selling idea!
Just read down the message board. Yikes! Wouldn't put more than $200-$300 here, sounds like a scary history
Thinking of buying. Would appreciate a case for and against by this board if anyone is so inclined.
Wasn't there some big international conference this week to determine the legality of CBD internationally?? How did that end up?
More info on why GYST please. I am looking for the next MJ investment that hasn't already gone through the roof in the last week or so.
Total joke. Just trying to hang on long enough to get back the $300 I lost
It ever so briefly touched below .055 this morning...is that the "spark" that shoots it back up? Hope so?
My recollection was that someone a while back said that they already sold Easy Grinder on their sight? Am I wrong?
So what do we see as the implications of this? That they are more formally expanding into legal aspects of the MJ marketplace (vs. just CBD)?
Well, like that the "wall" fell and got my .0552's filled...wish I'd held off buying so much in the .06's...cost basis at .06108, but could easily be down in the .057's...oh well, was afraid of missing the boat
Its the least I could do for you WIC, though the seas have been choppy at times with this stock you've been a stalwart on this board with your support.
I do feel better, esp. after seeing some of the other sky-rocketing competitors fall back to earth a bit today.
Gotta give this a few years to reach its full fruition...I INVEST in POTN, I TRADE everything else...
Why the weird "wall" at .0562? I have my order at .052 stuck, not sure if this is the floor or what?
I would be a horrible stenographer but I tried my best.
Though a tad generic, I think a CEO has to be in that format. I came away with more confidence in the company...you don't put this much work into a "scam" company, they're really in for the long hall...big things planned.
This was the pick-me-up on this stock that I needed...going to hold 2 years more no matter what.
(PS also on other boards trying to share the gospel on POTN...especially with the big down day I'm seeing on some MJ stocks, lets help point folks to a "safe" alternative with huge remaining upside).
Bought $350 worth of shares a few days ago...planning for this to go up enough to retire here in a bit...$20 price target.
A little generic in terms of content...CEO seems fine, he spoke of exciting new products will be coming to market, said they were first with CBD gummy bear, said the dog CBD was a big seller.
CEO described POTN as a "growth network" and mentioned that they will evolve and "things coming up I cant tell you about now that are going to blow away the market"...said "there's no way we're going to sit back with what we have now".
"I see new and more growth in the next 1-2 years and we're going to be undervalued here very shortly" (I thought they were now).
In answer to keep up with production demands, "we absolutely are, we had a little glitch with the hurricane and a few days where we were not keeping up with demand".
He said: short term goals...sales ramp-up and demand for product....long term goals...what CEO focused on, he said they just signed 5 physicians and 2 scientists. They will employ in-house therapeutic testing (double-blind vs. placebos), overseas expansion is in the future over the web.
To shareholders CEO said, "we will not remain as a pink sheet...we have hired the accounting staff to push us to next level...investors are wary of questionable reporting, so we are spending the money/time to verify what we've been reporting for revenue. Investors like to get in on the ground floor of something and this is a good time to do it".
I can't figure out how to buy it. TD Ameritrade won't let me invest in it or it's US counterpart, though TD does allow me to invest in other Pink Sheet OTCs
Can someone explain to me how MJNA takes off like a rocket but POTN lies dormant when they're both doing the same thing and POTN is profitable??
Oh cool! I invested $350 a few days ago just for fun.
So do I sell now or what? Or is this going "to the moon"? Estimates?
I don't understand. What is the big news today causing the stock to run?
Ok but while we wait instead of spending time lamenting how slow moving this stock is, why don't we share DD and tips on other MJ or related stocks that we are long and use this time productively.
For instance a month ago I tried to invest in the US equivalent of HMMJ but TD ameritrade wouldn't let me and that thing has taken off. I just hate missing the boat on MJ stocks as we wait when we are all here to cash in on the MJ sector
I'm a big believer but this is frustrating watching all the MJ stocks run today and this does nothing. What's up?
Thoughts? Would this impact POTN?
https://www.yahoo.com/finance/news/jeff-sessions-once-again-hints-154100916.html
Please help me understand what that means...I'm learning.
Great article!
Really helpful info!!
You make good points but can it really stay broke forever??
Fast forward 1-2 years with $50mil revenue, what do you anticipate the price being then? $.06?
Doesn't it have to improve at some point to match performance. I can't think of a company that's doing really well but "dead" stock. Please help me I am somewhat new to this.
This was not really news, see their press release on 10/18 where they speak to Q3 anticipated results...that seems to imply September sales numbers of $1.7m or so (saying Q3 would equal entire 1st half of 2017), so this month's results were a disappointment given that expectations management, and yet the stock went up anyways...
I know the slow move is annoying, I think its that performance is needing to catch up to the big price jump that already happened this year. My guess is that it will take the 2017 audit to move the stock price in any meaningful way...probably up to the .09 range.
Tight trading day today with a hard floor at .060. Up 3% on what I consider bad news (Sept revenue of $1.2-1.3m)...I assume lower revenue due to the heavy discounting and disruption done around Irma.
I'm happy to see those a@@holes misfortunes at Insys...they were literally pushing poison on unsuspecting suffering individuals in the name of profits...pure evil in my book.
Rolo how do you remain so confident on this one? I want some of that confidence but just can't see this doing much...hope I'm wrong because I'm long on it. What do you know that the rest of us don't?
Ugg, sorry dude! I'm with you...woke up early to see the news, figured "its not going to be a water product", and oh crap its "super bong water"...what the heck? Shocked it turned out this way...
My challenge is this happened to me a few months ago on GRWC...bought at .11 and then it went down a bit and I said, I'll hold, don't want to sell for a loss, and on and on, finally felt lucky to get out at .04 when I should have at .09 but didn't want to lock in a loss.
Thank God I only invested $500 on this dog...down $200 today so I guess I will just hang on and see what happens. Good learning lesson, thought this was near guaranteed profit. How much are others down and did you hang on or just sell?
Super bond water! Any guesses of where the price runs on this now?
Where I am unclear is the alternative to opioids CBD and med marijuana or just the CBD or just MJ? It's both right? So if you want to play the MJ side of it who do you invest in? Or do you assume POTN will expand into MJ?
Thanks, these are great points...well I think we're both on the same team of wanting this to do well, but I do agree, I've never been in the camp that this hits $1/share anytime soon...that would be very nice but I consider that highly improbable.
For me, I am fixated on sales growth (rough numbers): $1.7m for 2016, $1.7m for Q12017, 3.3m for Q2 2017, $5m for Q3 2017...until this aggressive rate of growth ends, I think it throws some of the traditional rules of stock valuation out the window. I think as long as it remains profitable, earnings is not as big a focus as sales (as reinvestment of profit into growth is expected). So given the growth above, revenue for 2018 is $20m if they never grow revenue from current levels...but I think its safe to assume revenue will hit $30-$40m...I don't think you'll find another stock of this size and growth (that's profitable) which has forward looking revenue of this sort and has a market cap of $35m...again, look at MJNA...go on OTCMarkets and pull their last quarterly financials...they have a market cap of over $200m (which was recently a bit higher) and help me understand how it is valued so much higher than POTN...
In the SeeThruEquity analysis (though wrong because it calculates PPS on the float shares), it does show comps valued quite a bit higher than POTN (as a multiple of Sales)...
POTN is also blowing away the projections in that analysis.
So while I think there's a 5-10% chance we see $1 PPS within the next 3 - 5 years, I would guess there's a 75% chance we see 12-18 cents in the next 12 months and that's what keeps me in this stock...Also I see a 5% chance that we settle below $.05 in the next year....that's what's allowed me to invest $11k in this stock (more than any stock before) and still sleep like a baby at night.
While I appreciate this level of thought and analysis, I have a couple of problems with it:
1). A 15x PE multiple is very low not only for the entire stock market (20x or so) but esp. for a growth company...is Tesla and others trading on 15 PE multiples? Look at MJNA stock, $6m revenue for most recent quarter, same industry as POTN, not profitable and valued at over $200m (yet POTN $5m rev for most recent quarter and profitable but worth $30m)
2). I believe a company in this stage should be measured off of a multiple of Sales...current annualized POTN sales based on most recent quarter would be $20M, but its trading at a value of $30M (.06 x 500m shares rounded) so about 1.5x sales...its competitors range from 4-20x sales
3). 10% profit margin doesn't factor in economies of scale...yes that may be the current margin, but that's because fixed costs are being spread over a small base...as the company grows, and certain costs stay fixed, the profit margin will grow (your analysis assumes all costs are variable which is not correct)
4). I agree about the note in the financials about potential dilution up to 1 billion shares...effectively this means the shares could double and the price per share could cut in half. I (and I think others) believe this has already been priced into the stock...we feel this stock should be at least 20-25 cents now based on current shares outstanding, so cut that in half and its still 12 cents...if you bought for 6 cents and believe fair value NOW is 12 cents fully diluted, it still makes this one of the safest bets in penny land.
Climbed back to .06 from .053 low today. Nice! Glad I bought more!
2020 or 2021 is my guess
Pump and dump. Last week was the pump, today is the dump. Notice they are all gone today. Weather this storm and buy if you can. I picked some up at .057