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.
Loan Conversion? Why does that one guy think they are going to try to convert it all at the same time? Like last year, there was some conversions, but not all at once. It wouldnt make sense. All of those loans and shares for Diamond are essentially the entire company. Thats what it took. Hes mad thinking they are trying to sell the entire company out in the same quarter? For the love of god, please answer why?
Some loans converted this quarter. Insiders not stupid to unload all at once. PPS headed up for 2nd quarter. ASK set +$2.00 very soon!
Some loans converted this quarter. Insiders not stupid to unload all at once. PPS headed up for 2nd quarter. ASK set +$2.00 very soon!
Some loans converted this quarter. Insiders not stupid to unload all at once. PPS headed up for 2nd quarter. ASK set +$2.00 very soon!
Some loans converted this quarter. Insiders not stupid to unload all at once. PPS headed up for 2nd quarter. ASK set +$2.00 very soon!
Please Explain! Would someone please explain why they think a chart is useful with this stock at this time? There is absolutely so many moving parts with this company that to me, it is absolutely a waste of time trying to read a chart and predict a pattern. I have watched this thing for some time now, and the speculation brought forth has been hogwash! I love the enthusiasm, but trying to predict this thing is harder than predicting the path of a hurricane before it even starts. Why even try to predict something like this? All you are doing is putting yourself out there to be wrong. Does any of your charts take in to account what is going on internally with this company? Pure nonsense! Save the charts for companies with historic trends and financials. There is no history here! Charts don't work here! Save it for your mommy!
They arent going to sell everything at once in the same quarter. They woukd be fools, and from what ive seen, they appear yo be pretty creative. "Lets all sell our shares and destroy the future of our stock and get less money than if we made the conversions over a few years" only an diot would think that. I sure as hell wouldnt do it if i had a revenue generating company.... geeees!
If it is legal, its genius! Hopefully it doesnt work that way...
Will the audited financials clear up the exact terms of these notes? I suppose if you email them they will just put you off?
Cashcollections, i hope you are right. It makes sense to have a cap. Ive been reading about how a CAP works. Surely there has to be laws if some sort from lending yourself money in a company and then cashing it out with no cap? I would love to go back to school for business.
Why would anyone want conventional financing when you can loan money to yourself with much better terms, i.e. SIGN. Whats funny, they knew they needed money, so they used a car lot to provide the capital. While the company was not super successful, they loaned themselves money at 8%, which is reasonable for an unsecured loan. Then, after buying First Capital Venture, aka Diamond CBD, they realized major profits and pps was gonna explode, so they stopped loaning themselves money at 8% interest and then began doing fixed conversions! Why not! Someone over there is a genius! If they keep loaning themselves money, im done with them. They have 4 of these types of loans on the books! We will see.
Everyone, SIGN had an 8% interest loan to POTN back in 2014. On 12/31/16, they were owed $2,018,624 of this loan. This was changed to a fixed conversion note at $0.003/share. During Q1 of 2017, 39 million shares were issued to SIGN to pay off $117,000 of the loan. $117,000 divided by 39 million shares equals $0.003/share. Their original loan was $2,018,624 minus the $117,0000 = $1,901,624 owed. Then, in Q3, another 82 million shares were issued to SIGN at $0.003/share. This equates to $246,000. The loan now goes to $1,901,624 minus $246,000 = $1,655,624. So, that was the balance on that loan as of 12/31/17 from the unaudited financials. So, they paid off some of their debt to SIGN last year in exchange for shares. Now, does this mean that SIGN is unloading all of those 121 million shares that they received last year? Absolutely not! Have they sold some? Yes, most likely. I highly doubt that anyone would try to dump it all at once. For one, this would hurt themselves, because with each sale block, the pps goes down. In addition, they would also hurt the others in the company. Im sure, with their new found success, you can bet they have taken some profit. However, they are still owed more on this same loan. The note will systematically be converted and extinguished probably every other quarter as their budgets allow. The sad news here, is they have several other loans with SIGN totaling another $1.2 million including whats left if the original loan. Total loans at this time are $2.86 million with SIGN. In my opinion, this is a spectacular business idea! Buy a car lot to fund your ultimate business operation and take loans from it to reap the reward when your business becomes successful! I love it. However, as a shareholder, I hate it! I think the key thing here, is to pay close attention this year to see if they use SIGN as a financial vehicle to further fund operations. If they keep doing this, they are only in it for themselves and their stock will never reach the nasdaq as they have suggested due to liquidating share equity. Another thing, there was 300 million shares issued to First Capital Venture for the Diamond CBD acquisition. You better believe that those share holders wanted a piece of the new found success as well. I have a hard time believing that all these guys are unloading all their shares in the same quarter. They would only be robbing themselves of future income. The spike in pps probably did convince them to unload some. I expect a lot of up and downs over the next 4 years until these debts are fully settled. All at once? Hell no!
Time will tell. Please share if Im missing something here?
Cashcollections, I agree with you. If you look at the unaudited financials, SIGN had an interest bearing note and then they changed it to a conversion. That note was then converted a little each quarter if last year. I would expect the same with the others. SIGN is the subsidiary and they would have no need to want to destroy the stock. Systematically convert each quarter abd eventually they will be fine. The big question is, will they keep lending themselves money even if they dont need it in order to keep taking equity from the share holders with conversions? If they have borrowed more money in the next financials, im gonna be pissed and probably stay out. There has to be a rule against that you would think? Any input from you guys on this?
Matthew12321, That was a great reply and makes sense. Thanks. They said they were "in the process of retiring 300 million shares". Do you think those are the shares that are being converted right now.... the note that First Capital Venture has? They had a not of 300 million shares. So that's maybe whats being sold off slowly as not to destroy the stock completely? If so, I wonder how much of that 300 million shares has been sold already? Perhaps the next quarterly statement will reflect some of this? Whats your thoughts?
Can someone please explain how or why they think its becoming diluted? The shares to the notes were already granted if you look at the financials. How can more shares be issued without seeing the total count on common shares go up? To my knowledge, the amount of common shares are at 569.92 million of the 1 billion shares allowed (financials)? There are no new shares being issued. On the flip side, I can see that those notes are probably being converted to cash from selling of the shares.
First Capital Venture was issued 300 million shares
SIGN was issued 39 million shares
SIGN was issued 82 million shares
If these guys are selling huge chunks of their shares, then I can see how it would affect the PPS by making it go down, but how is this dilution?
Please give me your thoughts?
It was posted earlier that POTN had $58 million in liabilities. Could someone please explain this to me? I need to try to understand this. Please?
T69, If you think its a placebo, try it out. It will put you on your butt. Thats not gonna feel like your are imagining it. I take it for anxiety. Its really helping me. All the doctor prescribed stuff for anxiety makes me sick or I have side effects. I hate that medicated feeling with prescriptions. A lot of anxiety medicines are essentially narcotics and you cant take that stuff all the time or you ending up wanting to cut your own ear off. Im an advocate of CBD. If you think its fake, try it out. No need in bashing CBD without actually experiencing it yourself. Try it out!
CBD EXTRACTOR INSTALLATIONS POSTED ON TWITTRR. Hope this is for real. Pulled it from their twitter.
Vitalis Extraction Technology announces deal with @AmericanaHemp #HMPQ.
— High Times (@HIGH_TIMES_Mag) February 17, 2018
Vitalis is completing construction and installation of a 200L supercritical CO2 extraction system, delivery scheduled for Q1 of 2018. #HempAmericana pic.twitter.com/ZInMAIk3SF
In response to Chunky Salsa, does anyone know what will happen to shareholders of LNCOQ in the future? My shares came from taking the "SWAP" earlier this year. I read the article that Chunky Salsa posted and am wondering will my shares be liquidated under the restructuring? Is there any reason to keep these shares. They are practically worthless now, but if they ever go back up a over the coming years then they might be worth keeping. Im just wondering if they will be liquidated or if they will start to the "REVERSE SPLITS" on them here soon? Does anyone have any guess or speculation on this? Please respond with your thoughts?