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.
Drop today maybe due to CV trial being postponed until April.
Who said Q3 was below expectations?
In the shareholder letter from “Hagen” he stated that by September the revenue gap from the first two Quarters should be eliminated, and year end results should exceed 2018 revenues. I’m looking for a huge third quarter.The court case against Cv, and others should be wrapped up by then, the otc designation of caveat emptor will be gone , uplist will happen, toxic debt will be gone and if what Hagen says is true; record revenues will be reported.
Hopefully the FDA will also clarify it’s position on CBD in food, as Hagen also said “ we are ahead of the curve” we have hundreds of edibles ready to be marketed to retail which will increase revenues dramatically.
The share offering is very unsettling to me, It is difficult to speculate as to why more capital is needed so quickly after obtaining $8,000,000 from ILLIAD. Obviously something big in the works. Hagen fully expects to have a tremendous quarter making up the revenue decline of the first two Quarters by September. To accomplish this Diamonds products must have been picked up by large retailers imo. With that being a possibility, Longs have been abused by management with no end to the dilution in sight, I was hopeful things would take a turn for the better not sure why Hagen would not follow up the filing with another letter to shareholders as to why and what the share issuance is being used for. At this point though the company will have no choice, they will either have to raise the amount of total outstanding shares or R/S, to raise more capital in the future.
Letter this morning was very assuring to me, again CEO Hagen stated that we are still on track to beat 2018 revenues!, uplist will happen and all is looking good!
Let’s put things in perspective, PURA has realized 1 million in revenue the first 6 months of 2019 and is trading higher than POTN with over 10 million in sales to date! Potn has over 10X!!! the sales revenue similar amount of shares and has a lower share price!
I agree, Illiad would not risk losing that amount of capital while hoping to get paid back and make a return on their investment. I would think they did substantial DD, and are privy to info that we are not at this time .
PURA is trading higher than POTN with 1/10 the revenue
Nobody is going to loan POTN $8,000,000 without being provided a sound business plan. Something big is in the works. IMO
Nobody is going to loan POTN $8,000,000 without being provided a sound business plan. Something big is in the works.
I wouldn’t think anything would change until they are found guilty, due process,
All the cbd stocks I am watching took a hit today. Potn held up very well today comparatively.
Thank you for taking time to respond. Much appreciated.
Edxc has a market cap almost double that of potn, with 680,000 in total sales Q1. Around 1/6 of the sales of potn Q1.
Hang on guys! Potn is very undervalued. The dilution is over, blue skies ahead!
How exactly does that work with only one billion authorized?
I noticed that none of the products carried by CWBHF , or CVSI were mentioned either. I wouldn’t put much thought into that list, in fact most of the names cbd companies I have never even heard about.
Unless you are privy to information that we are not, it was stated in the FBI report that POTN management was unaware of the situation. And none of the companies “ POTN” being one of those companies was accused of any wrongdoing.
Caveat Emptor has nothing to do with Hagen everything to do with CV.
Waited all day for a statement to be released by Hagen, he has a fiduciary responsibility to shareholders I hope to see one sooner rather than later.
Another great point, if Hagen was involved it would not make sense to become fully reporting with the SEC!!
I would think a civil suit may follow the criminal proceedings.
Justin Bailey has kept pretty good tabs on MM, I’m sure he could provide some valuable insight to the FBI. I would love to see them prosecuted as well if they are implicated in any way. Unfortunately for us longs the deck has been stacked against us, at least now we will have a fighting chance.
“Semper”
Mods should sticky that, it is a very important sentence and pertinent info.
I believe it would be reckless on Hagens part not to release a statement immediately explaining the situation. And being as transparent as he can.
Potn should come out much stronger in the end.
Also “Billy” stated that Cv gained upwards of possibly $100,000,000, what is the chance any of that will be returned to POTN?
What is the time frame for this court case to conclude? The case about the 26,000 has been going for years now and is supposed to wrap up within the next two weeks I believe.
Will things take place must faster due to this being a criminal proceeding with overwhelming evidence?
It’s unfortunate it will delay up list, but Where would we all be if FBI hadn’t arrested CV? Even if we had up list and a great 2quarter CV and the other crooks would have wiped out all shareholder equity if they hadn’t been arrested.
It is quite possible the Goulding’s were also involved as well as Blum , only time will tell. At least when the dust settles we will have a fair shake!
Looking forward still to a strong 2nd quarter
Anybody read the pacer notes?
Now that yield sign has been removed any ideas on estimated time line to up-list?
Your statement isn't even close to being factually accurate or true. Stick to the facts.
We can all hope “Cash”!
I believe it is all depending on how deep the FBI digs which I believe will be very deep! The criminal activity of CV has spanned years. It is very probable that the FBI has seized all assets from CV, and at some point a large chunk of money maybe forfeited Back to POTN which could be used to buy back shares,. The remaining preferred shares and any shares not yet converted may be cancelled, all lowering outstanding share count substantially. I believe Hagen will wait for the conclusion and outcome of CV arrest knowing that hundreds of millions of shares could be canceled or bought back, of course this is only speculation.
Potn is in a much stronger position to succeed now, hopefully Kevin will be able to clean up the share structure. Uplist requires independent board members which I also believe will benefit POTN.
Remember audited financials of over twenty five million! CV and his cronies are the anchor that has been holding this down.
I’m wondering when all is said and done if there will be a huge monetary settlement awarded to POTN, or if outstanding shares and preferred shares that are held will be canceled? Either way I hope they make an example out of all of them!
It is quite possible this will be an open shut case, audited find are not due until year end, fins will have to be adjusted if share structure changes. As of now they are accurate and true and in no way should this affect uplist IMO.
Not necessary at this point.
Any changes in the audit would be recognized in the year end financials. Audits are accurate given the info provided, because of a change in share structure due to unforeseen circumstances I do not believe it negates the previous audits.
Shares are bought back and canceled constantly.
Uplist could happen any day, second quarter financials are due within two weeks, and we know there will be no more huge dumps by CV and his crooked cronies! Things are looking up!!
Wondering if the listing on the CSE will coincide with the uplist stateside?? Does anyone have any info on listing on the CSE?
Potn by default is under scrutiny by the FBI because of CV, maybe the market makers will behave better knowing this, and the naked shorting will also cease.
It is quite possible Hagen himself was the whistleblower, it had to be frustrating as hell watching CV convert and dump millions of shares all the while ruining the share price for Hagen and investors. Remember Diamond is Hagens baby.