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where do those shares come from? do they add to the float? what affect overall?
thanks billy and amac. will try calling tomorrow.
billy, will try to contact investor relations. Last time took them a month to respond to an email
amac, does the sign note mean the lender gets paid out 577 million shares at current market values, or the 577 million at fixed payout of only .003 cents per share which approximates 2 million. Again, if the lender gets 577 million shares to introduce at current values or whenever they want, we are scarude!!
I would hope that whole scenario is not true and that there is an inmocent and obvious explanation. POTN needs to clarify ASAP.
billy, definitely managements fault but the lender and transaction might not be "arms length", maybe a scheme of all involved....if the numbers are true, no other explanation then fraud between lender and management. Sign I believe had to do with their used car business,basically rent to own cars
..sunrise auto mall i think.
SIGN NOTE, if true, at the very least management has breached their fiduciary duty and will get sued. Who would ressonably borrow 2 million and pay back 250 million? rounding numbers. There has got to be an immediate answer.
please someone, get answers from the company on the sign note ASAP. If really paying off a 2 million debt with 550 million shares, worth 250 million dollars, our shares arent worth shit.
SIGN NOTE...we need immediate answers from company. Could a loan of 2 million bucks be obtained for 550 million shares now worth 250 million dollars? FRAUD or extreme negligence and breach of fiduciary duty.
wtc...how much are you adding at these levels?
is an SEC investigation just a rumor or do you have link?
the slow bleed of inequity continues. The market is pure, clean potn of all iniquities. soon in low 30s
im out. Will re enter high 20s
30s today. no doubt. Floor .32 cents
an audit is not a tax return preparation. New tax laws don't affect verifying the underlying information (revenue, sales, expenses) provided by a company. New tax law has ZERO effect on the audit.
jwest, if the audit comes out, will most likely be in may. It might include "restatements" to correct previous info. If so, could be bad.
more fluff news. not going to stop the slide until audit.
sentiment is for high 30s by friday, maybe even tomorrow.
la trader, no, from the company pr release. They are in the company released financials
potns own financials show promissory notes in excess of two million. The article is wrong to say only 30K in liabilities when there are millions in liabilities.
its an audit, not tax return preparation. Confirming revenues and costs. The increased short interest forbodes a drop next week to low 40s.
looks like increased short interest. They may make a push next week.
potn will see low .40s by end of trading friday. Probably .43 tomorow. Would not want to hold over weekend.
feb will be compared with january too.
febuary revenues will be lower due to shortened month. They also lowballed decemeber at 1.4 million to boost january numbers. Wont move up again till mid to end of march. March revenues will be good, plus audit hopefully.
jwest, dump now, buy back in mid 30s
this week under .35 cents.
cant have a buy without a sell. What missing?
at session lows, going to see another step down, maybe in 30s today
people unloading. Im dumping, back in at 28 cents. Dump now.
nothing, in fact it will likely happen that way (bleeding little each day) and the audit wont be out until at least end of march, if not august
what if the audit requires potn to "restate" incorrect income....look out below
yea, probably step down there by close, take a few more steps down after that.
i agree, just saying if we go down on news days we will not do much better on non news days....likely down more.
noticing big selling blocks on level 2. Not a lot of bids compared to sells. Hang in potn.
potns undignified and embarrassing losses continue unabaited. God help us when there is no news. Sadly, returning to .35cents
no, they are in the process of converting them to preferred shares. common shareholders get screwed.
the auditing firms profile pics look like mugshots
thanks. let us know if they dont reply too. bet they will in a timely fashion.
no one has provided answers to the sign loans and siphoning