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About the time hell freezes over.
Same here, I was expecting under $60K, so I'm not surprised.
But at least now we have a starting point. And with each subsequent quarter we should be able to get a handle on if sales are growing, and if so, by how much.
If they continue to grow, I'll stick around. I've always been more interested in their CBD initiative over Vitastem. I think that will be where ViaDerma's real growth comes from.
I can't opine yet. I need to see their quarterly financials first.
I'm hoping their financial condition has improved over last quarter, but the way this stock is priced it's probably gotten worse.
So, I'm expecting worse. But if it's better you won't see me complaining ;)
Happy Easter to all!
That's why I'm not selling. My timing is seldom right.
And regardless of whether the stock price goes up or down on audit day doesn't concern me. I won't be selling. I'm in this for a long haul, waiting for dollars, not pennies. And dollars will come. Not over night, but in my opinion within 3-5 years.
In an email from Diamond CBD today (Friday March 30th)
Use code MEDSGUMMY50 for 50% off Meds Biotech Gummies. Stock up!
In the past I've used put options as insurance on some of my larger long positions, but that's the extent of me betting against a stock.
Even when I play craps I rarely bet against the table, unless the dice are ice cold. Then when I put a pile of chips on the don't pass line I don't even look up at the faces of the other players as they will all be scowling at me. But I don't play craps to make friends, I'm there to win lol.
And the thing with shorting stocks is the most one can make at it is a 100% gain, and that's only if the company shorted goes belly up. The sky's the limit when taking a long position.
I'm here for a 10 bagger. But over the course of 5 years or so. If it happens sooner I won't have a problem with it lol.
That's a good attitude to have, my friend! Face it, we have no control over anything at POTN other than doing our part by buying their products.
I take a chill gummy and go with the flow ;)
Agree 100%. The reason for this audit is so that POTN can uplist. They weren't required to audit, they chose to do so.
I have a long term outlook on this stock. So I sleep well holding my shares, regardless of the daily price swings.
I'm in this for the big payday in 3-5 years, when $5/sh will look dirt cheap.
I would suggest you fire your auditor then.
I'm not sure what all the hoopla is over the audit. It would be nice if it comes out this month but if it's in April so what? It will be released when it's finished. Just knowing it's close to being ready is good enough for me.
I'm more interested in the contents of the audit over the "when". I'm also not expecting much of a pop if any when it comes out. High expectations are already baked in. I wouldn't be surprised if the share price drops on audit day.
The only thing predictable about the market is that it's unpredictable.
I think we'll do just fine longer term. I'm not concerned about the daily price swings, because I'm not trading this. I'm in accumulation mode. Every month I plan to add the same dollar amount through December.
So in a way, I hope this keeps going down or trading sideways until I'm fully in. Once I'm finished dollar cost averaging in, then this can go parabolic!
However, i'm not opposed to 20-30% pops along the way. It's always good to take some off the table on big days like that so you have fresh powder to add to your core position after the price consolidates.
Have a good Easter weekend!
Not to mention that a little bit goes a long way. I think $79 is a fair price or I wouldn't have bought any lol.
Yep the stock market is closed tomorrow for Good Friday.
You know why? Because I added more today at 0.10. Slapped the ask lol.
There's already a lot of competition in this market, and more will come. They don't have anything others don't.
My wife and I did. It was a good episode. My wife said it was pretty cool that she knew what they were talking about as she just started using Diamond's gummies and oil last week for her PTSD and sleeping disorder.
I've been talking her into trying CBD oils for over a month now and it took a lot of convincing her with links to CBD oil educational websites and such. We both got a good education on the subject :)
Or run for the hills lol.
Most OTC players couldn't care less about sales they play momentum and volume.
What concerns me though is whether or not ICLD has revenues. It's going to take time for Netlayer to start to pay off, and without sufficient income they can only turn to more dilution to fund operations. And because of that, I would rather have them keep the AS where it is.
The lower the share price goes before profitability, the more the OS count increases exponentially (it takes more shares to raise the same amount of money). There's a good cushion of shares in the AS remaining now, but those could all get eaten up rather quickly. Once gone, they would have to do another RS.
15M+ shares outstanding now, and currently the AS is 1B shares. That leaves roughly 985M shares for dilution.
If heaven forbid the share price drops down to a penny a share, 985M shares in the AS only raises $9.9M, maybe enough for a couple months of operation.
I just hope they become profitable before the AS gets used up again. However, if they become profitable, it will be blue skies for this stock.
No doubt, ICLD definitely tries one's patience!
Like a coiled spring!
With all due respect, you couldn't be more wrong. The MJ sector is still in it's infancy. We haven't seen anything yet! The market potential in the United States alone is mind boggling. Now is the time to be loading up for the zip code changing payday 3-5 years from now.
what happened to the promised Audit ? ..what a POS !!! LOL, no volume, MJ sector is done
slow bleed downhill like that bitcoin crap
Yep, those reverse splits are real portfolio killers. But I still think ICLD stands a chance to turn their company around. Yeah, they're doing it at the common shareholders expense right now via dilution.
But the way I look at it their current market cap is a paltry $1.63M. The day they report a profitable quarter (if ever) that market cap can easily jump to $50M or higher basically overnight. And a $50M market cap would barely qualify them as a micro cap company (by definition, micro cap companies have market caps of $50M-$300). So still lots of room for upside.
If this company becomes profitable and stays profitable quarter over quarter, a $200M market cap would be a conservative number.
Say InterCloud is 12 months away from becoming profitable and they continue to dilute at 5M shares/mo. The OS would climb from 15M shares to 75M shares, but assuming a $50M market cap, that's a share price of $0.67 per share. A couple more profitable quarters and a $200M market cap at 75M shares translates to a share price of $2.67.
That's what I'm waiting for and why I'm still here. And it's not over until the fat lady sings!
Well it should be an interesting ride to say the least.
I'm looking forward to their financial report. I want to see where they currently stand on the toxic debt. How much has been paid down and how much more has been taken on.
And revenues & expenses. I'm sure they're still losing money but at least we'll be able to better gauge roughly how much more debt they will need to take on per quarter to keep the lights on. If too much more debt is required until they become profitable, I will probably have to throw in the towel on this.
I'm hoping to see at least some positives in the report. If nothing positive, then no light at the end of the tunnel and I'm out of here.
This bodes very well for Terra Tech.
Great testimonials clokisticking!
Enjoy Thailand and safe travels!
Nothing wrong with having your suppliers blind drop ship directly to your customers. No need to tie up capital in inventory turns, and no inventory to manage is a good thing for a company.
I worked for an OEM supplier of electronic surveillance systems. We sold only to distributors and retailers. But many of our clients had us blind drop ship orders directly to their customers for exactly that reason, they didn't want to carry or mange the inventory themselves.
The reseller's websites would say things like "over 20,000 items in stock" and "most orders ship same day", yet in reality they didn't have a warehouse let alone any inventory. But to their customers they appeared to have.
As an account manager of OEM drop ship clients I got my tit in the wringer several times when we had problems sourcing components at the manufacturer’s level (DSP's, image sensors, HDDs, etc) needed to build the products we offered. Say a client would order 20,000 pieces of something we were out of but couldn't build because of some sort of BS at Ti, Nextchip, Sony, WD, etc.. things completely out of our control. For example, a couple of manufacturing plants in Singapore make the spindle motors used in 95% of the world's hard disk drives. When one of those plants got flooded and shut down for months because of a typhoon several years ago, it became about impossible for us to source hard drives and our cost more than doubled in price almost overnight because of the shortage. Yet, to my clients the Singapore typhoon was my fault. I drank a lot of Jack Daniels back then.
You got that right!
What if.... the audit is already finished, but he chooses to release it on the date he specified on the radio interview? It's a good strategy, makes him look like an honest guy.
Ya never know.
Love it! Thanks Jerseyfish!
The OTC already confirmed the retirement of those 300M shares, so it's verified. Not a mystery.
On 11/28/17 POTN's current OS was 569,920,485. 300M retired from that comes to 269,920,485, and that's the same number that the OTC reports as of 11/28/17.
The only mystery is; what is the current share structure as of today?
That OS number is as of 11/28/17, the last time it's been verified by the OTC with the transfer agent. A lot could have happened since then. The transfer agent for POTN is currently gagged.
But in my opinion, we should learn more of the CURRENT share structure with the audited financials.
I agree. The auditors know when they're just about finished. Only they know where they're at in the process. If they thought they were 6 months away they would tell the company so. If they say two weeks out it's going to be real close to two weeks out. Otherwise they (the auditors) lose all credibility with their clients.
Agreed, when the audit process begins the best the auditor can do is guesstimate a time frame of completion. But as the audit progresses a more accurate completion date can be estimated.
Actually, I don't give a crap when it's released, it will be released when it's released. I'm more interested in the results/details of the audit.
To put it another way Mohammad, the ICLD in my current position would have to go to $0.9425 per share for me to recover the realized losses from the two ICLD positions that I liquidated.
In my opinion it could happen, hopefully in my lifetime lol. But that's just to break even. And I don't want to break even, I want to sell at a profit! So I want to see more than 94 cents per share.
On another note, I didn't notice any T Trades today, WTH!
Well on the positions I currently hold my average cost per share is $0.2067, so as of the closing price today I have an UNrealized loss of 44.37%.
But I had 2 prior long positions that I sold off. The first long position I sold at a realized loss of 51.34%, and the second long position I sold at a realized loss of 18.17%.
I haven't sold a long position at a realized gain, YET. But I'm not finished with ICLD.
I just checked in on the price today. Ouch!
I'm kind of glad I sold at $3.16. Regardless, TRTC is still on my radar. I still think there's tons of potential with Terra Tech over the next couple of years so I want another position. But I need to see some sort of post-split support form first before getting back in.
Right now it's impossible to call a bottom.
Best of luck to all here.
It was on small volume so I don't put much stock in it. Same way with the drops on small volume. It doesn't mean much.
What I want to see is a 20%+ up-day on dollar volume of a million bucks or more. Now that would mean something!
Still painfully holding. I need two consecutive 100% up days from here to break even on my current positions lol.
Best of luck to us. I think it's just you, me and Pell still holding this. The 3 Stooges, or perhaps geniuses. Yet to be determined.
I remember her.
Wages due can show up on a balance sheet. But payroll already paid never goes on a balance sheet. Payroll is reported on the P&L statement. Two different animals.
10K dollar volume today is almost nothing so don't let the percentage drop today fool you into selling. It could be one investor unloading their shares. Only worry if a stock drops a lot on real dollar volume of say a million bucks or more. Then you would know it's probably not just one or a few investor manipulating the price lower.
It's all good. ViaDerma is selling products now. The majority of penny stocks out there are years (if ever) from actually selling a product or service.