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Great way to keep things in perspective. This is what everyone keeps forgetting, we were WORSE off last year and hit .93
Couldn’t they just take out a normal bank loan now, and then pay off any remaining convertible debt? Basically, it would be a credit swap, but they get the added benefit of no conversion and lower rates
Is it crazy to think this could be the next CVSI one day soon? POTN has got the sales numbers, and once everything else straightens out hold on!
What other CBD company competes with POTN?
Can I share this? Glad your finally back on board. You’ve been hesitant for a while!
You’re correct. Sorry I couldn’t find the unrestricted count. calculation is
“Outstanding shares - restricted shares = float”
Yeah just under 400M. However, they could retire shares again in the next few months, just like they announced before the huge run last year in January.
This is the timeline in my head:
Pass farm bill to legalize hemp and make it legally accepted.
Announce uplisting to QB. Gives us reporting reliability every quarter
Announce share retirement after using funds to pay off some debt, etc.
plus continue to make top line sales growth for Q4
Compare to page 22, item 11, paragraph 3
Within 1 month they issued 74M new shares. Not happy about it, but they need the capital for projects
https://www.sec.gov/Archives/edgar/data/1746563/000147793218004861/potn_1012g.htm
They’re actually up to 544M as of their 10G amended.
Is there any stop to the bleeding? At this point I’m committed, but this is getting ridiculous.
All they have to do is announce that the uplist to the OTCQB has been accepted and Boom. They are in business and investors know they’re serious.
It’s been a long time coming and the fact that the market has taken a beating in general doesn’t help a Pink stock like POTN. Come January this will turn around just like clockwork with all the catalysts in the pipeline
Well said. Not to mention how young the CBD industry still is. POTN is already a competitor
I think the ticker is broken this morning
For a company that raked in 18 Million in revenue YTD, It astounds me that this is trading at $.143. I’ve seen companies with BS/IS reports that look MUCH worse
They know this is about to take off
Yes, yesterday short interest was over 51%. Very puzzling.
What I don’t understand is how POTN has 468M shares outstanding, $17.9M in sales as of Sep 30, and trades at
$.16 currently. Meanwhile, PURA has 499M shares outstanding, $886K in sales as of sep 30, and trades at $.10
Answer me that please
Yes they have! Today we rebound nicely off the floor. Oversold in a downmarket
Might be worth purchasing then
Billy, POTN trades in a tight .19-.22 pattern for the past several months. Give or take a few outlier prices.
I’m beginning to see that pattern too. Also, he seems to always to do an analysis on stocks that have stair step technical growth. Would love to see him do an analysis on a highly volatile stock
Jeff agreed! I’m in Jax beach and know exactly what you mean. I fee like the mall distribution could be a mixed bag though. Foot traffic in malls has been dwindling since amazon and people prefer online ordering, however with an intriguing product such as CBD, they might be more successful than expected
Glad I waited to buy at the open. Thing is still tanking! Waiting for a better opportunity
I saw that. Do you think this will continue to rise though? Or is their recent PR just a desperate pump attempt? I’m intrigued either way and want in. Everyone buy and hold to .03 lol
New here, I like the company. Throwing $500 in today as a fun play. Looking at their financials, their net income (loss) is improving every quarter and their revs are increasing. Would love to see this get back to its average trading range of .02-.03
It’s been a long time coming! We have ignition, liftoff soon
I’m beginning to think they could announce the uplisting and positive 4Q earnings, and this will continue to trade sideways/lower. Don’t understand
I’d go out on a limb and say it’s already been approved? They are just waiting to announce
Is that you from yahoo Scott?
What’s the appeal with this stock? They don’t even have any revenues yet... I’m heavy in POTN and know there’s crossover with the management team, but this just feels like a shell company for now
Overall Market has been declining, but your logic doesn’t hold true for every sector/company
Entire market has been down the past few days. POTN will have its day sooner than later.
Besides the convertible note, what other CBD companies have 18.1M in revenue year to date? This is still huge
Buy some shares, & buy a few products ?
Afternoon power hour!
I just can’t understand how this isn’t going up with all the good news and transparency as of late
You are correct in some sense, but are missing my point. Every company has their own niche and brand. Branding plays a huge role in the type of consumers and products they sell.
For instance, you mentioned bluebird. Sounds great. However POTN is doing “clinical trials” at least not yet. Additionally with regards to cost, why buy a flashy sexy Mercedes when you can buy a Honda and it’s just as good? Same principal applies. Both will get you to point A to point B. Both companies offer CBD, and should have the same effects. It comes down to what you as a consumer values. Plus a lot of people enjoy using coupons
Personally, I love the Diamond CBD brand because of their marketing and product design. Not discrediting anything you said, just trying to show you the differences. Again, Walmart vs Target. Same products different prices. One is about value, the other is experience. So to your point why would people go to target when they can get cheaper at Walmart? To each their own
They have excellent coupons though. You’re supposed to use 30-50%off codes when you purchase.
Diamond is the hot sexy CBD Brand. Others such as CVSI are the gold standard, and others are for value.
You have to buy into their brand
Time to launch!
Can you share the FB link? Been having trouble searching for the investors page
Yahoo says 3Q earnings date it Oct 31st - Nov 5th
Agreed, additionally the “SND Auto Group” is an inactive Colorado Corp. look it up if y’all are that worried