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That is true if you are retired, in which case you should be in very low risk investments and cash. If you are young and looking to build wealth and have time to wait until higher risk stocks report good news, you might look at POTN as having potential to accelerate 5x within a year. Depends on your risk to reward tolerance.
Money is NOT leaving POTN any faster than its leaving the whole sector. Maybe you didn't notice the tweet stimulated tariffs against China? Small and micro caps go down first with uncertainty. POTN is at rock bottom prices and holding up well considering the temporary quiet period. It's quite possible that within 4-6 weeks we will get a press release about 25% of shares returned to the company and a national distribution deal- we just don't know anything for sure yet. There is uncertainty but also opportunity.
No need with alllllll of Vacarros and Taieb's shares gone.
They can't go bankrupt with 25 million yearly in revs, sorry. As soon as the FDA puts out guidelines, probably this month, all CBD will surge upward.
And the CEO will be able to put out press releases about his partnership with national chains or whatever strategy he is undertaking to increase revs.
Wrong, there is no similarity between a shareholder who used his shares for criminal activity and POTN, a company with top 10 revenues and branding in the fastest growing sector.
The "fraud stuff" is not related to the company, it was executed by a criminal shareholder and will be over soon. This may benefit the company by returning or cancelling hundreds of millions of shares.
You seem to know a lot about POTN, more than I do, what is your estimate of total common shares owned by the fraud group?
Taeib had a ton of preferred shares, so if you look at the total number of common shares they represent in addition to the common shares owned by Vacarro - which you yourself have said "hundreds of millions converted" many times, it could approach that number theoretically. So now you are saying its not "hundreds of millions"?
POTN already hit 0.06 today.
500 million POTN shares cancelled after Vacarro trial is the likely headline coming Sept 20
From that link, this paragraph tells me that big pharma is pressuring the administration to slow or limit retail CBD availability.
The authors – Abernathy and Lowell Schiller, principal associate commissioner for policy – did express concern that “widespread availability in products like foods or dietary supplements could reduce commercial incentives to study CBD for potential drug uses.”
Looking for a pop for CBD retail stocks after the FDA FINALLY moves sometime soon according to this.
https://www.ganjapreneur.com/fda-plans-to-expedite-cbd-regulations/?fbclid=IwAR1bUHaHmKgWqZkVZPI1MJnG9UZLmwWNm9QRTwvjZb6tZJRtM_-8j0Y2TD0
All of the companies whose stocks Vaccaro was using for his fraud scheme, non of which were involved in the scheme, have been completely silent since his court date and through earnings. This tells me that they have been ordered to silence by the FBI and/or SEC, and I suspect they will remain this way until after the Sept. 20 trial- less than a month away, thank goodness.
Clinical trial data is coming in from multiple companies, including CVSI, showing beneficial effects of CBD with no side effects or addictive potential. I think the FDA will act soon to allow all CBD products with detailed labeling.
And that to me is the big mystery. What does Illiad know that gives them confidence that the share price will multiply 9x by early 2020, 5 months from now. My opinion only, there is also a small possibility at this point that more POTN employees are underhanded.
True. And we need a big confidence builder which IMO top 3 would be uplist, or distribution deal nationally in storefronts, or big uptick in revs.
It occurred to me that POTN could have had an exciting earnings day press release Monday emphasizing that their earnings increased, costs were down, margins increased (all facts) and that they signed a national distribution deal that is estimated to increase sales 100% and that Medipets tripled sales and crypto mining revs quadrupled- but -
There is only silence thanks to several large investors who used shares for criminal activity unrelated to the company. We just don't know.
And I think POTN might make a similar announcement soon and have a bigger increase. It's the only thing that makes sense and the CEO has said he's in talks with national pharmacy chains.
I'll tell you this- a PR about a national distribution deal could really turn this around. I love to see that DiamondCBD and Medipets are already selling on Amazon.com. This bodes well for Q3 earnings.
POTN evenues are not speculative, many other cannabis stocks with larger valuations have lower or no revs.
Up to .45 in first half of 2020 according to Illiad Research DD.
Over 22 million in revs worst case, this is at rock bottom value. Going up from here, bad news is already baked in.
And then there is Illiad Research, the private investment firm who is an early stage investor of CVSI, who loaned over $5 million to POTN in return for shares valued at .45. This tells me that there must be something in the works that will increase share value by 2020, like a national distribution partnership.
Thats fast- one month from now!I wonder if we will get any news about anything from POTN before then?
POTN is still very undervalued on a market cap to revenue basis, even using last year's revs which I hope they beat in 2019. After Q2 earnings though, I am losing trust in Hagen who should refrain from PRs about beating 2018 revs when the reports haven't showed this for both quarters now.
I definitely believe that the FDA had a huge negative effect on CBD sales for most companies. It annoys me because there is enough safety data and efficacy data on the health benefits for the FDA to get moving on lightening up on regulations. This could be made up by distribution in national chain stores, another PR claim that never happened.
Keeping in mind that POTN revenues are on track to hit at least 22 million for 2019 even if flat from here, this company is still in the top 10 for CBD sales. Hagen must have a plan for the loans he has taken and the increase in preferred shares. An investment firm with a good track record for picking successful startups, Illiad, has invested for shares valued at .45, so what are we missing? The lack of transparency, misleading press releases about beating last year's numbers and the large numbers of shares given to company officers like Blum and Hagen that aren't performance-linked make it hard to trust them.
POTN has 8 to 10 times the revenue of MANY speculative OTC stocks which have no basis to prove that they will ever have revenues in the future to support the same market cap. That said, what the heck is Hagen using those millions in loans for? What are those (sales and marketing?) employees making 8 million per year doing?
I think the FDA crackdown really hurt their food and beverage sales and ability to market. They need to move into more states also IMO.
Hagen must be planning for 10 million each Q for the second half of the year to meet his projections...
Somebody is buying, the share price is going back up.
How could the CEO keep putting out these PRs that revenues will"handily beat" 2018? Seems like a false statement.
VPOR, another company hit with a caveat emptor because of crimonal activity by vaccaro, is up 25% today.
Hagen should update us about so many things, like new sales channels- amazon.com for example, crypto mining, frozen shares, new partnerships, what he has been doibng with all of that money loaned to POTN at .45/share by Illiad....
Since I expect revenues to be much higher than last Q, I expect a press release about them today or tomorrow and hopefully including more info on income-generating strategies and products.
If DiamondCBD products are on Amazon, THAT'S big news!
In the link I just posted from June, it said online sales in May 2018 were .55 million, and revs were 6 million for every Q in 2018 I believe. Now POTN has a salesforce and sales in storefronts.
It has to be over 7 million if revs are increasing and the salesforce is competent.
https://www.potnetworkholding.com/media/press/diamond-cbd-online-store-sold-over-11-million-last-month-90-increase-year-over-year
CBD is selling so crazy fast on Diamondcbd.com that their problem has been on the inventory side, keeping orders filled without sold out signs. The combo of high quality products, flash sales and well known branding is working from what I can tell.