Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$15,000,000 in sales and they lose over $3,000,000
Lawyers as a general rule spend clients money like it’s not theirs!! Oh wait ... it usually becomes theirs. Ha!
I feel that if we get the right Business Person into the company
They will spend money properly and show a net profit
Unless there are dramatic changes the company will fail
White Label markets private brands also
My guess is it would be simple to bypass
And go direct
https://www.hemp-am.com/lp/hemp-whitelabel
Definition of laboratory
1a : a place equipped for experimental study in a science or for testing and analysis
a research laboratory
broadly : a place providing opportunity for experimentation, observation, or practice in a field of study
I wish it had said Production Facility
Ok that’s what I has thought
Thanks
If POTN actually now has a lab that produces and packages the CBD products then this would be a significant development and shareholders should have been informed
I think it is a brand owned by POTN and White Label makes the product
White Label is the real bread winner
I honestly do not see where their overhead could be so costly
Kevin is free Thanks to him we have no rent We do not make nor store the product
The costs of conventions is done with
The vans and other fluff are gone
The Florida Pool Party are history
I’m guessing that most of the sales are from online customers who are repeat buyers .... I do not think their marketing costs are much
So it will be interesting to see first quarter numbers which are due out any day as per last PR
Yes. Good Point
They clearly have enough solid evidence after reading the Grand Jury Report
Very solid case A great time to make an example and try to defer other narcissistic crooks from so blatantly defining the law The stock market has to have some integrity
I do not think then own the company that makes the CBD
I’m guessing Private Label is just a company like Diamond is and has no real value other then their gross sales
White label is who makes and ships our CBD oil and there is really no public information on them other then what you see ...which is very little
They clearly must do millions in sales yet the did not get pulled into that class action attempt that was settled
AND they were advanced over $5,000,000 by POTN
Do we actually manufacture the product or do we also buy it from White Label?
If we do not make it ...our profit margin must be very small
And I guessing it would take from our sales of Diamond
Solid Red on trades
Sell off Friday
These lawsuits are nothing but legal extortion.
When you settle a class action it protects you.
By settling this BS lawsuit does it open the door for more EZ money ones to follow
The lawyers only get paid from a percentage of the settlement
They do not go after company’s that have no money. I think our financial condition had a lot to do with this case settling
I thought they were the traded company
That we prepaid all those millions to
I do not think it is a company owned by POTN
Their stock has never really traded and no news or reports
If that is who we buy our CBD products from the company must be making very good gross profits
They have a lot of our pre paid money
Makes sense to combine the two companies
63 million shares.
I’m guessing the shares are tightly held and I can only guess that who is making the money from the millions in sales
Their overhead must be low
Very little news or information
Yes they are
One of my neighbors is a jet mechanic for a large airline
A few years back he was arrested for stripping his home after he lost it during the last rescission
He was charged with a felony and he was put on paid leave at work until it was resolved
If Kevin is charged with any felony he would be suspended from practicing law until it is resolved
I would think he would not be able to run a publicly traded company.
Some of the pictures were posted after his arrest
I am guessing he also has the IRS investigating if he paid the the tax on his income
Mr Bigshot
Now that the Grand Jury has concluded they task .... we await for the SEC and federal government to officially bring charges against those named and possibly others that were involved in this Huge scam to steal money from investors
We are probably looking at some time before this is resolved
Is what it is
Last quarter they reported before the bell
I have been trading APT since 2006. It is nice to see see its time has come They have enough in place to grow with he demand
Let the fun begin
What day are earning coming out
Thanks
I know first hand that it is a legal chore to convert the shares
You have to get a letter from a lawyer
“ Legal Opinion”
With pink stock I had to have held the shares for a year before I could convert them
The original shares had a stamp on them clearing stating that fact
So I would think the transfer agent would be in serious trouble for playing along with
the crooks
Also I could not find Charles on FB with the pictures of him million dollar dingy
If Kevin is taken down I would think that Illiad Research would have a plan to step in and take over the company
Would be nice to see a strong leader come in who knows marketing and set up a BOD with members who are known for their integrity to bring value back to the stock
If POTN went BR the money to White Label would be an asset so to speak
Still .... how did Kevin find someone to loan them all that money?
That was huge ....$9,000,000 I think total
Ok Kevin was running a company that was taking money from Charles dirty money
The same company that he loaned $ to POTN last year from
Why was this company not shut down by the government
How could it still have funds
Would that not be something if the company flourished after all the crap is behind us
What a dig that would be for Vaccaro as he sits in prison rotting
Where would we be if he had not stolen all those shares .... or better yet if the company had received the funds from the sale
Of the stock
I still think a 1-2 stock split would be a great thing at these prices
When Charles is formally sentenced in court, there is a good chance I will be in the courtroom to witness
I bought into the story The story was a scam for profit by Charles
The government is putting in a lot of time and mo eat to bring the crooks to accountability and to send a very strong message to others who are pulling this same crap
The thing is if the audits are real and the income are real .... we have a chance to survive if the cast that is running the company now are real and see the real legal opportunity
How many shares is that?
I would be more interested in the company being awarded damages from the 174,000.000 shares Charles did actually sell illegally
He did not hide the money and the government has taken a lot of his assets and cash
Thank YOU for the fast response
My thoughts after reading
First we do not know how long Kevin has been president of Wholesale
Was he president when all that money from illegal sales of POTN stock was being transferred into the company
Money loaned had gone to pay money owed We had borrowed $9,000,000 why more money
Follow the money
This was done on the very last day of last year —— why would they do something like this when they knew full well that the FBI was watching close
Why did they need it done in 2019
Blum and Keven are both lawyers
Potnetwork owns Diamond
They do not own the the producers of the CBD
The producers were the ones who would have not made the CBD to where it was as advertised They should have been included in the suit and held liable for any damages in my opinion
Kevin being apart of the cash flow would be bad ... could you please provide a link showing that Kevin was President of Distribution Wholesale when all the money was traveling threw the company
I looked was was unable to find anything on the company that was public
Do you think from the grand jury report that more will be charged soon
Thanks
I just read the Grand Jury report
Man these crooks are nailed
CV sold 174,000,000 shares of POTN for his own gain
The cars he owned free and clear were something
They do not mention the big boat or homes
If Kevin was involved the only saving grace is that he has not been named or charged .... yet
My hope at this point is he turned on them and is a federal witness
The $15,000,000 sales last year were real ....right?
Thank YOU for posting
I am elated that they will be held fully accountable
And
disappointed that it appears we will have the Caveat Emptor and all the other trash dumped on us remain till who knows when
Our reward will be their convictions and the consequences they will suffer for their greed
Thank YOU
Does not seem right that it is open ended without a court date
Hopefully we will be better informed in the near future
CV is still alive I’m guessing but if he did pass then everything would be terminated
And no future court dates would be needed
Billy What it you take on the court date being terminated and not rescheduled as they have been in the past?
Yes I’m for real
The customer buys CBD
Diamond only sells CBD
Another company makes and ships the orders Diamond Sells
That makes Diamond the middle man
If there is a lawsuit seems they company that makes and drop shops would be liable
What am I not getting ?
When a company had a defective product the stores that sell it are not liable
We do not make the product
We are only a middle man
The company that makes and bottles is the one who should be financially liable
What’s going on here!
So.... where is the money going
What were the people who loaned over $9,000,000 thinking
If we have pre paid all that money to the drop shipper
How did the spend $5,000,000 plus
With no rent
No money to Kevin
No real marketing
We need that rabbit
Another roadblock out of the way .....
CBD Labeling Class Action Settles In Mediation
A proposed class action accusing a retailer and its parent company, PotNetwork Holdings Inc., of overstating the amount of CBD in their products has settled in mediation, according to a Thursday court filing.
We are just half way threw 2020
Maybe 3 prior years