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he's occupied at the moment en route to lebanon contained in a box on a private jet.
looks like a typical pennystck financing in which the lender makes $$$ at the expense of the shareholders.
potn is a combination of amateur hour and the gang that couldn't shoot straight imo.
it's a miracle the pps is as high as it currently stands given the company's utter lack of fundamentals.
gl!
is it possible it's the market and not the bulls who gets it?
hence, the "almost overwhelming" and "exciting" announcement turned out to be a dud where the pps is concerned.
anyone who's not invested in the company would see it for what it is...an easy to make company pr fluff commercial, which provides no useful information at all from an investing standpoint...
truly, only someone who has money at play here could get excited by this vid...all jmho
gl!
dasmort is always spot on!
as for apdn, the last time you were here the pps was what $2? it's now nearly $4! see what you missed?!?
have a great holiday season!
"As an industry leader with a solid positive reputation for product quality and customer service dependability, we found this move logical and a further way to grow our business while simultaneously indirectly increasing our distribution footprint."
the above sentence alone would be enough to send me running for the hills as a shareholder.
the pr deserves a spot in the hyperbole hall of shame.
gl
i'm glad the product works for you though i have to imagine other more established/reputable companies offer the same items.
as for potn's investability i'm going to continue taking a pass for all the reasons i've previously outlined.
gl!
pr reads like a high school intern drafted it with the help of a list of the most trending buzz words.
anyone can sell dollars for 90 cents. it's also a fact that the pps is down, what, 90% plus? so i suspect the market is also supporting my "opinion".
potn's biz model is fatally flawed -- and it rests on a calamitously unstable financial structure, which is massively undercapitalized and aggressively shareholder unfriendly.
it baffles me how one can pin any hopes on the company as an "investment".
competitive moat - zero
mgt - no good
transparency - none
governance - what's that?
corporate history - please don't look under the hood
capitalization - dilution is forever
legal issues - knock knock. who's there. it's the fbi.
regulatory outlook - fda "stop selling cbd in food/beverage"
cash flow - negative
cash on hand - whatever's in the couch, car seats.
profit - negative
sales - declining
etc. etc. etc.
gl
no. my distrust of the company's biz intentions extends to its products. no way no how would i ingest anything they put out into the market.
the whole cbd market is already loosey goosey to begin with where ingredient quality control is concerned without taking on the additional risk of consuming products from such a sketchy outfit as potn.
GL to you as well, Jmack. i'm getting repetitive here, so probably time for me to be moving along. have a great holiday season!
if you want to rely on company pr's for you dd, by all means. i'd argue that it tends to be the least objective source of info on a company.
for one, they omit negatives and when it comes to "positives" they almost always leave out context.
in the case of potn, they throw big revenue numbers at you, but fail to shed light on their quality/sustainability. it seems clear, many shareholders were mesmerized by the "$20M plus" figures, but didn't understand that the company was just stuffing low-to-no margin commoditized products --which they opaquely sourced from suppliers with whom they don't even have m-t,l-t contracts --into a helter skelter scattering of mom-n-pop shops.
hence, the decline in revenues, de minimis cash on hand, losses.
a catastrophically undercapitalized, poorly managed, shareholder unfriendly company with a capital structure grotesquely tilted toward massive future dilution selling a commoditized product in the face of intense competition is not a recipe for success in my book.
also, the stock market is not all about "gambling" in my view. i define "gambling" as trying to beat the odds whereas "investing" is going with the odds. accordingly, it's been shown time and again that investing in a diversified portfolio will provide a positive return over time.
all just my opinion.
gl!
your comments in support of potn appear to come directly from a company pr. if you want to rely on the hyperbole rather than give consideration to the multitude of red flags, not the least of which is a 2 cent share price, then you're obviously entitled to do so.
as i've stated previously, the only way imo to make money here is by gambling in the form of attempting to time pump-n-dumps.
for that reason i continue to believe it's dangerously foolish to view this stock as an "investment".
the very fact that many shareholders are fixated on a trial involving insiders -- and, moreover, spinning it as a positive in their mind -- shows how insidious bias can be when it comes to interpreting what would otherwise be pegged as a great big red flag.
gl
fundamentally i think the stock is worthless. can one event or another induce a pump-n-dump? of course.
but for me, the very fact that there's a court case involving - even indirectly - the company is just one more glaring red flag - on top of many others - indicating how unfit this stock is for investment.
there's nothing about the company - it's biz model, mgt, capital structure, corporate history, etc. that recommends the stock for anything other than trying to wager on pump-n-dumps, which is pure, unadulterated gambling in my view.
hopes of m-t, l-t capital appreciation - such as what one would associate with a reasonable investment - would be misplaced.
all jmho. gl -
didn't you listen to the er? all that's in the past. a new dawn has arrived. gl
some would argue that a $17M market cap for a shady, grossly undercapitalized, shareholder un-friendly, poorly managed, money losing outfit under fbi investigation with no sustainable biz model is preposterously overvalued.
and all that didn't include the abnormal capital structure loaded with dilutive preferred shares. gl
great recap of the current situation.
unclear how you can insert a "definitely" in that opinion. gl
a r/s doesn't change anything economically speaking as nominal shares decrease but everything else stays the same - less shares at a proportionately higher price...it's just an accounting manipulation. also, options, other financial securities are recalibrated accordingly.
up 6_basis_points. could be start_of_something_big.
let's see how apdn's growing emphasis on the "biotech" angle via linearRx plays in the market.
did the recent institutionals/private investor sign on/add for a quick financial manipulation-n-flip or do they see sustained capital gains in apdn's future?
any signs of revenues emanating from recent announcements would, i expect, be received very positively by the market.
as i commented previously, i also wouldn't be surprised if there's another leg down in the pps prior to rebounding off the disclosure of new revenue developments, including closed contracts.
finally, if i were holding a large legacy position in apdn, i wouldn't invest more in the stock as it's too risky. instead, i'd place my money into a diversified portfolio that tracked the general market, which is always the prudent thing to do imo.
gl
it could rise to $5 or drop to $2 in the blink of an eye. nothing would surprise. gl
are you replying to my post or someone else's?
i never even mentioned the "gag order".
ok, it sounds like you've got your ear to the ground better than i.
i don't do much in the way of tracking other sites that follow apdn.
gl!
concur that you have every right to feel misled.
with dilution off the table, my impression is any good news should be supportive of a higher pps, especially given the epic pump some weeks back that put apdn on many radar screens.
needless to say, this is all speculation on my part.
and, i wouldn't be surprised if the pps were pushed down considerably at some point before a substantial rebound occurred.
gl!
no large chain is going to risk their reputation on a shady, egregiously undercapitalized, under-fbi-investigation operation like potn...period. it's absurd and foolish to think otherwise.
"consensus" estimates for apdn are a joke. no one in his right mind would put any stock in that figure. this will continue trading on sentiment and the pumping powers that be until concrete evidence of sustainable revenues emerge. gl!
dashed expectations are arguably worse than no expectations at all. gl
how does a massively undercapitalized, money-losing, 2 cent company "expand"?
it may as well be 1 trillion as far as potn is concerned. won't make a difference since those "potential" customers will be out of reach, thus irrelevant. gl
anyone have a take on the er? added more to position after hours at $3.71. still a modest hold as my larger scale gambling days are behind me. gl
potn simply has an unsustainable business model. longs must continually hope for pump-n-dumps to break even or make money, which is pure gambling - not investing.
it's baffling to me how some folks fail to heed all the obvious red flags surrounding this company.
why fiddle around with potn when there are other decently capitalized cannabis companies with professional management, which - on a portfolio basis - offer a plausible m-t, l-t investment thesis.
go to sec.gov for the filing:
https://www.sec.gov/Archives/edgar/data/1746563/000147793219006923/potn_prer14c.htm
as i predicted on oct5-massive_increase_in_authorized_shares
i was right on timing - off on the exact amount, but directionally accurate.
perhaps the scariest part of the announcement is the concurrent increase in the massively dilutive preferred shares, which already represent billions and billions in extra share dilution.
10/5: "next_big_announcement: increase in authorized share count.
potn's revenues are decreasing while dilution is set to re-accelerate -- really really bad combo.
potn's closing in on that 1bn authorized share cap mighty fast!
i'm betting they double it to 2bn within the next 3 months...
just as the sun gives forth daily light so shall potn bless its shareholders with endless dilution!
gl!"
"Our Gross Profit from the sale of all products for the nine-month period ended September 30, 2019 and September 30, 2018 was $5,600,056 and $7,695,108 respectively, or a decrease of 27.2%. Continued growth of the overall consumer market for CBD products and anticipated increases in competition are anticipated to continue to create pressure on gross profit margins." (10Q)
i.e., "we have an unsustainable business model that is predicated on the blind trust and false hopes of current/future shareholders." jmho
dilution up 57%/pps down 82%...in one year!
so, shareholders who haven't added during the year have seen their ownership stake in the company more than halved...AND the value of their holdings plunge 82%.
there's nothing to recommend this stock other than the hope manipulators use it for a pump-n-dump.
gl
does potn even produce anything? looks like they buy from suppliers (with no long term contracts) and then re-sell the same product to customers.
NOTE 5 - INVENTORY DIAMOND CBD
This Company has arranged to buy the exact quantity from the suppliers, based on the customer orders and thereby has eliminated the need for holding inventory on hand at any point of time. Otherwise, this Company values the inventory at the lower of cost or market.
if i personally were heavily invested in apdn, i would not put more money in it. period. just my opinion. gl
i already doubled my money on a small position i closed during the last towering runnup...just buying small potatoes here again...lots of fresh money gives apdn a relatively long runway for another/some more positive surprises in the next several months.
so, all in all, i'm willing to take another flyer...just on a modest scale.