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Last time they took it down to $0.0170 which is now major support.
Diamond is legit, the issue is with the shares and dilution. We all know it recently jumped to 572M from 142M overnight - which was shocking to everyone. All the time we knew they paid for Diamond, but how? Well, we found out, just after numerous press releases. They diluted 40+M in the last quarter alone as well - see VNDM on the ask. If this continues and they eventually reach 1B shares, can we justify a $0.25 share price? Even at 24M in sales - with a 250M market cap? It's not Diamond, it's POTN.
A concern, 49,822,614 shares issued between 12/31/16 and 3/31/17. There are one or two market makers always diluting IMO on the ask. Others have sited VNDM as a toxic diluter. Will this continue unabated? IMO, if this practice was not allowed for these Pink Sheet stocks, POTN would have have risen much higher. Unless they decide to stop the dilution, the stock price will stagnate. IMO, the only way to make money here, if this practice continues, is by adding/buying in at a lower price.
Me too. VNDM has been on the ask every single day for months. When the financials came out a few weeks ago I was surprised by the total. How did they purchase Diamond, etc.? We were getting a press release roughly once a week, but this last week it ramped. When they released April's numbers again, that seemed strange, where were May's. Then the radio show, with the incorrect web site mentioned.
I'm hopeful that Diamond continues to grow, but the quadrupling of shares was a surprise even though one knew they paid for the company with something. Lower entry points ahead, IMO there's no way around it.
New financials, their shares quadrupled to 572M with many restricted. But yesterday morning everyone thought the company had 134M. Big difference. Better entries ahead.
Agreed, based on share structure update. Lots to be excited about, but IMO it needs a break in order for many to average down.
Exactly, that's why $0.017 is such a strong support level. If everyone loved the share structure and the $0.10 price yesterday, it's easy to understand why this needs to settle when shares have been quadrupled. Diamond, still fantastic, but there are better prices ahead for averaging.
But without the quadrupling of shares. Better entries and adding points ahead!
Hey SkyLine - good to see you. VERY Strong support here at $0.0170. Took off from there during this last run, good spot to add.
The major share addition 132M->572M announcement yesterday will provide an opportunity for a better entry point for newbies!!
According to the video from two days ago, Bruce Barren stated the company needs two years of certified financial in order to uplist to the next exchange. So they'll need to start soon in having their fins audited and certified. The OTC Bulletin Board would be a terrific improvement from the pinks!
July 18th-20th: https://www.champstradeshows.com
Marijuana cured a 12-year-old girl of her constant seizures: http://dailym.ai/2sxPPWd via @MailOnline
That's great Justin,thanks! Hoping it's an informative presentation which causes many to hop on board.
It's possible. I know this is the OTC, but IF there were no market maker shenanigans and VNDM would disappear, this would EASILY be over a dime. So like others have said, buy on pullbacks, at some point they won't be able to hold it down.
They have OTC filings, check them out.
Strange action yesterday and today. Large bids yesterday, multi 500k-1m trades, large drop today with numerous market maker signals that the need shares. It feels that they needed to load again and they want to pay the lowest price possible. Mostly just 2 MMs playing this game today. All IMHO.
The next Champs show is Jul 18th-20th:
https://www.champstradeshows.com/upcoming-shows
DiamondCBD.com.
Harry, about a month ago you said this would go down to 2, and you were spot on. It looked like 3 would hold, but the powers that be (MMs) wanted this lower in order to run it again and make better percentages. Good call and good luck!
When will this coordinated effort end? My guess is a trade at 150 where VNDM is on the bid.
This move down seems intentional, the most recent drop took it down to 151, then back to 305. Too many MM signals requesting to move it down. Yesterday morning the 500 signal hit, and within a couple of minutes some large sizes hit the ask. Amazing to watch, but I think we're as aware as the MM's are where this is eventually going. They would much rather have scared investors sell to them at 151, so a move to 3 is 100% gain. Tough to see it happen, but I like many others see this over $0.10 when this gets the attention it deserves.
Trades, here you go:
Market Maker Signals
100 - I need Shares.
200 - I need Shares badly but do not take the stock down.
300 - Take stock down at least 30% so I can load shares.
400 - Keep trading it sideways.
500 - Gap stock. Can be up or down, based on 540 signal.
600 - Means provide resistance
700 - Means keep moving the stock UP
800 - Get ready for action
900 - Means let the stock float
911 - PR out.
There have been numerous 600 share buys the last week, total buy amount: $12. Not a retail sale. It means put up a wall on the ask. But in the long run, buying pressure will win out as we have a winner here.
Pacha, it's difficult to watch, but sadly it is intentional. The MMs and everyone make more money going from $0.01 to $0.07 than from $0.07 to $.13. Both are 6 cents, but the % gain is WAY different. I've counted at least 4 "provide resistance" signals the last few trading days. They do not want this going up UNTIL it reaches a desired level. Harry was right when he said this was going to $0.02 when it was in the 4's. DiamondCBD.com is too good with too much reach in a super growth area to not see even higher highs in the near future.
Great stuff ahead, we just have to weather a coordinated effort being made to bring the stock down. There have been multiple market maker signals over the last two weeks via their small hundred share trade lots. Some include, need shares, provide resistance (very popular the last 3 trading days), take stock down 30%, etc. I'm sure they believe there will be another run, hopefully sustained, where they want to load up at much lower levels.
Good post Tommy. It seems like yesterday when you visited James Wright. I think we have something very exciting here. When the right people latch on to what this really is, I think we move much higher. Hope your other investments are doing well.
Tommy, the difference this time is the numbers are being provided by Diamond CBD, while the used car lot figures were coming from Vacarro or his CEO. This is the real deal. Check out their web site.
Doris, that's exactly what it was. A couple of investors who were loaded up, waiting for one last bump (short term) and didn't get it on 4/20, exited their holdings. Exciting times still ahead for this fast growing sector!!
Tommy, to say the least this has been a big disappointment. I'm hopeful some move will be made accompanied by a real plan.
Harry, I saw $DIDG and thought - can this happen to $POTN?
Tommy, it isn't what we hoped for, BUT they have in house writers now, video production gets better with each effort, they're traveling to every expo, new ads coming on board each month, so we just need to wait it out. If they restructure with great news, then we'll move up. If they move up to a higher exchange then there are more rules and transparency which is also good. We wait...
New videos, new ads, a fledgling company who is on the right track. Stock structure will most likely get a reset imo along with need to drive the company to the next level.
NEW interview with CEO Richard Rocket Volpe:
http://www.potnetwork.com/cfn-media-group-interview-with-potnetwork-inc-ceo-richard-volpe/
Setting up for a R/S and uplist where there will be no more dumping. If this comes with excellent news, we fly imo.
Last trade: 70 shares or a 1.4 cent trade. Good omen, 1.46 cents is the high from 2014!
SB, who bought 500,000,000 worth at one time today? That's a 50G purchase, any idea?
Thanks. IF a r/s was in the works, coupled with good news, the r/s would need to be at least 1:100 in order to uplist to the OTC BB or whatever it's called today.