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Patience pays off, you lose if you sell too early (or too late).
Waiting for a trial in October for criminals that undercover FBI agents caught committing fraud with shares. A lot of shares. Shares that will be removed from them and returned to POTN shareholders based on SEC regulations for disgorgement IMO. Hundreds of millions of shares.
DiamondCBD is mostly in Florida, online and at trade shows. There is huge potential for them to expand their sales to all states and increase advertising to recruit more online sales. They mentioned a base in Europe for international sales last year.
Any updates on the others, Taieb for example? Thanks in advance.
Hope Vaccaro is living in a cell during the wait.
That's what the sales people are responsible for.
POTN now has the required number of directors to UPLIST.
All four companies that Vaccaro defrauded have been silent. Hagen managed to accomplish getting POTN shares SEC registered during the period Vaccaro was scheming with undercover FBI agents. Did you bother to read the arrest warrant? The FBI agent stated that Vaccaro asked that the company CEOs be kept in the dark and that the companies were not involved.
I think he would have addressed it if he was allowed, this uncertainty is hurting the share price. I expect that a disclosure will be filed informing shareholders what will happen to the huge number of shares owned by Vaccaro and Taieb the minute disgorgement is declared by the SEC after the trial. Assuming they are found guilty which is highly likely since they were busted by the FBI. Until then, Hagen's hands are tied and we have to suffer through articles like the one put out by Benziga saying that Vaccaro is an officer at POTN.
The CE showed up on Monday Aug 2, and CV and gang were arrested the Friday a few days before.
It also seems that money is trickling back into the sector now. I am looking for a good second half of 2019 for CBD. Come on FDA!
Yes, you are correct- wishful thinking to get earnings in October!
I expect POTN to churn around here until the CE is removed and/or notification of a large number of cancelled shares, or the FDA allows CBD foods in labeled containers with warning labels. A big Q3 will be the largest catalyst, but this probably will not get reported until mid- October. We are one week away from movement in the fraud trial on Sept 20.
RSHN is a creation of the Goulding brothers and is run by a Goulding. If they were in on the share selling fraud with Vaccaro, RSHN shares would have been involved also IMO.
I don't think the Gouldings are involved, otherwise RSHN shares would be in the criminal scheme. Dr Richard Goulding is still Chief Medical Officer and developing the biotech medicinal products.
I have confidence that the new products will do very well because the salespeople asked to sell this type of product, Hagen made very strong claims about their generation of revenue in the immediate future and there is a good amount of positive press right now about hemp health and beauty products. You might have noticed that the big Canadian MJ companies like ACB, Tilray and CGC entered into the US market by partnering with hemp companies first.
Hagen continues to file disclosures and updates to the SEC. It is possible that the CE will go away any day- and this will drive the share price up immediately.
We just need for that CE to go away and its straight up from there...
We have heard that margins are improving and 25million is coming for 2019 from the CEO. October earnings report will be telling...
So you are saying the FBI and SEC are after OTC brokers and MM's? Very interesting possibility!
I expect disgorgement of 200-300 million shares common stock, not to mention Taieb's preferred shares based on the description of the FBI arrest. From SEC:
Disgorgement
While there is a careful weighing of factors with respect to penalties, the other primary form of monetary relief – disgorgement – is handled quite differently. Even where a defendant or respondent cooperates and agrees to meaningful undertakings, it should not be entitled to keep its ill-gotten gains, which we are often in a position to restore to harmed investors.
The Commission has obtained disgorgement in a wide variety of matters, including offering frauds, and most all FCPA resolutions.[24] The Commission also obtained significant disgorgement in settlements with regulated entities that profited by their failures to adhere to the Commission’s rules and regulations. Earlier this year, for example, Deutsche Bank was required to disgorge more than $44 million of ill-gotten gains associated with its improper handling of pre-release American Depositary Receipts. The Commission secured similar relief in matters against a number of large broker-dealers this year.
And of course, in offering frauds, where individuals obtain money directly from investors through fraudulent representations, disgorgement is a central component of meaningful relief and often the surest way to restore at least a portion of investors’ losses.[25]
Plea deals are highly likely in this case- they were committing fraud WITH undercover agents and had a long history of tax evasion, fraud and criminal activity.
My understanding is that health/beauty products will replace CBD foods until the FDA allows food with warning labels, expected this month. Then POTN will have both and really pump up revs quickly.
There a special place in hell (and jail) for Vaccaro.
I feel certain the funds will be disgorged
https://www.sec.gov/oiea/investor-alerts-bulletins/ib_recovermoney.html
I guess there will be a form filed if a decision is made about the shares owned by the group that the FBI busted for fraud.
Anybody know what's going on with POTN magazine?
You need to go back and read about the FBI undercover investigation. Eli Taieb is the other shareholder who will go to trial. The FBI stated that neither the company or the CEO knew about the operation.
Not if they plead guilty for a lesser sentence. They were all caught RED HANDED by an FBI sting. In that case it all ends quickly.
Somebody posted a while back that Hagen and Hagen (his dads firm I believe) specializes in SEC issues
Hagen is proving to be a competent fighter and has managed to get SEC registration of the company and hire a salesforce in his first year. POTN got a loan on very favorable terms for those 223 million shares which will only be allowed to be sold over time in small tranches. Revs would by at least 7 million per Q if not for the FDA craziness. It's straight up from here IMO when the trial is over and if Q3 meets Hagens stated milestone facilitated by new health and beauty sales.
I think the trials for the criminal shareholders who own hundreds of millions of shares will go very quickly and result in long jail terms- these people have long records of tax fraud and criminal behavior, even dumping toxic sewage into coastal waters. The SEC will return those shares to the POTN shareholders who have suffered because of them. This will immediately increase value. These are currently basement prices for POTN shares, even if they only hit 24 million in revenue this year.
Salesforce in place saying they can sell a ton of health and beauty products, Medipets, Biotech meds like CBD+curcumin- brilliant combination for cancer and arthritis, products selling on amazon, and whatever else made the CEO confidently claim revenues would be high enough in the second half to beat 2018, and whatever gave John Fife of Illiad Research the confidence to take shares in return for $5 million...
IF revenues catch up, fair value for increasing revs would be 4-8X revenues like you see for other young, rapidly growing companies. We need to see those revenues get back to 7million in Q3 though.
More than offset by disgorgement of Vaccaro's and others shares.
IMO we will see 5X from here within months when Hagen shows us his big jump in revenues.
Yes in cases of fraud, and we know there is direct proof of fraud from the FBI, shares are seized by the SEC- after that, I don't know what happens but they are not on the market.
https://www.sec.gov/news/speech/speech-peikin-100318
See the section on disgorgement several pages down
Disgorgement is the term for SEC seizure in some cases when shares are used for criminal activities.