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.
I step away for a few months and come back to the same bs being thrown around. My predictions on this pos stock are still holding true. The company has no idea how to run a business and as such continues to drive the value down. Will see $0.092 by August.
Mean while other cannabis OTC stocks from organizations that know how to run a business are making a killing.
POTN still has not delivered on the 2017 promise to become OTCQB. This company is just all talk and no delivery.
Getting closer to the target range I set of $0.09 - $0.12.
I'm told my opinion was BS. Well, where does this company stand today? Back down to around $0.18. Been over a year since they mentioned uplisting, and still nothing. Mentioned filing at least three different times. The 2017-2018 financial audit may be done, but no movement. How many auditors have they gone through now? Three? On their fourth now? Not getting the answers they want so go to someone else?
Ah yes, more PUMP and possible DUMP from this POS company. Seems every other month they release some press BS about filings that gets everyone excited and people start to buy. But then they never follow through. We've been hearing about this move to OTCQB compliance for over a year now. Each time they seem to add more exciting news to lift it up, but at the end of the day, it is just BS.
However, it was good for me. Sold a large volume around 0.275 to the poor saps who thought it was a good time to buy. Then bought the same volume back at a lower price this morning. Still holding out for 0.09-0.12 for more buy in.
Well, I said it months ago and many times, it would drop to $0.19. Later I also pointed out that if there was no significant movement forward in various filings that it would continue to drop to $0.12. My buy was set for $0.12, but based on how horrible this company is being managed, I have moved my buy-in down to $0.08.
Best to ignore wjb007.
Set your buy in for around $0.12, but only if they present solid evidence of OTCQB qualification and actual listing. Otherwise hold your money until it hits $0.07 - $0.09 range.
And it continues to go down. POTN is all talk and no action. Been what, six months they have been saying they will up list. They continue to flap their lips, but not seeing any evidence they are actually doing anything.
So, a while back I felt like it was going to drop back down to $0.19. I was told I was crazy. Well, here we are. Down from around $0.35 at that time, edging closer to that $0.19 mark.
Have learned more about the cannabis industry since then. Based on my new knowledge, I can see this stock dropping back down below $0.12; possibly even hitting $0.08. Why? Lack of transparency for product sourcing and handling. So, some new knowledge I have learned has led me to this conclusion. Cannabis products produced for human consumption cannot be derived from industrial cannabis. The reason: cannabis grown under the title of "Industrial" is subject to the pesticide and herbicide regulations that are in for human consumables.
So, anyone thinking a cannabis stock related to industrial hemp is going to "go to the moon", think again. It may go well as long as the company is not pinning it's roadmap to products related to human consumption or medical use. POTN is pinning it's whole future on human consumption and medical. So POTN needs to clearly state the source of the derived products.
Note that California has now banned CBD oils derived from industrial hemp for this very reason. I expect every state in the US to also ban all hemp products that are derived from industrial hemp. This will force FDA regulation and a change in farming practice. It will drive up the cost as farming for human consumption cost more than non-human consumption.
What in the world are you talking about?
Horrible looking company. They talk about restructure, but this company has been losing for over four years. Simply changing the focus to cannabis will not save them. A new board and replace the management team, then there is hope. Keeping the same board and management who have been losing the company money is a bad move. Staying clear of this one until they make a change that makes sense.
No. Restructure the debt holdings to prepare for a cheap sell (aka: devalue the stock to $0.0000) or shut down the company without leaving any debt for the exec's.
As much as I am gaining distrust for this company, I believe you are wrong. They only need to be at $0.01 to file for OTCQB which is all they stated they are going for. If they truely make it that far, then yes, $4 min.
Sorry if I miss understood what you were saying.
What call? I'm calling Diamond CBD if that is what you are saying. You really think if a company knows they something wrong with a product they are going to admit to it?
I never said it was. Did you read and process what I posted?
Ready the webpage again. It is a filtered posting by Diamond. They state the testing was done by Drug Detection Laboratories, Inc. Problem is the link and associated linked test results are for Research Triangle Park Laboratories, Inc. which is on the opposite side of the country from DDL.
So they are trying to make people believe that DDL did the testing. Why?
Note that RTP has been in hot water in the past for violating the law and appropriate handling of products.
https://www.wral.com/news/local/wral_investigates/story/10927457/
Here is one. Has nothing to do with the Iowa or Texas cases.
https://imgur.com/a/OmPaj
Where are the published results direct from the lab? Why is it being 'filtered'? Cannot, and should never, trust sales pitch bs like this. The information must be obtainable directly from the source of the testing.
Did not catch that. Then again, missing 60% of the post here. To much data and not enough time in a day. :(
Thanks for pointing that out. So if nothing appears on June 5th or before on this, then down it goes.
I'm sure they are loosing as BTC is loosing its grip on the market. Currently trading around $7500
Where is the court document proving this? The current legal action is still in place, the court has not terminated it.
Do not know. I thought Black Diamond CBD was a product not a company. It would be good to know which product exactly they were talking about.
Good info. Keep digging.
You are correct, no formal charges filed against Diamond. However, it does state that a vaping product from Diamond and one other were tested by a lab appointed by the police and found to contain synth CBD. Other lab reports are now also showing up for other Diamond products showing synth CBD.
Never trust what a company post on their website. It is to easy to make statements based on your own lab. Third party, independent testing is required. Of course they will never state they have synth in their product.
This is why CBD needs to be regulated. They must be FDA approved and certified to not contain synth.
As far as side effects, you must not know about Reddit. Lots of people posting there about side effects they have had with Diamond products.
All they state is revenue. What is the actual profit? If they cant come clean on business operations, they will not get OTCQB. Oh wait, they said they would have that months ago. Where is it? They likely failed the requirements to meet OTCQB listing.
Yet they can spend money supporting non-profit in Africa and sponsoring some former MMA Pro and his gym? Its all fluff (mis-direction).
As for the doctors, yes, they claim to have doctors on board. Well, they don't. Of the four doctors they list:
- One either does not exist or they simply spelled his name wrong.
- One does not exist in any spelling of his name. Not using his legal name perhaps?
- One is a cardiologist
- One is a general family practitioner
Neither of the two doctors that could be found have any research background. Where are the biomed researchers? Doctors diagnose and treat, but researchers are need to determine the product and safety.
Shutting down CBD
Michigan law is shutting down non-medical distribution and sales of CBD Oil
https://www.leafly.com/news/politics/court-rejects-challenge-to-dea-rule-leaving-cbd-federally-illegal
https://www.metrotimes.com/news-hits/archives/2018/05/10/consuming-cbd-if-youre-not-a-medical-marijuana-patient-is-illegal-michigan-regulators-say
http://wwmt.com/news/local/new-cbd-oil-regulations-hurt-customers-shut-down-businesses
Hemp can only be grown in Michigan for research:
https://www.metrotimes.com/media/pdf/cbd_hemp_advisory_bulletin_622872_7_2.pdf
Show me proof that Michigan is passing a new law to allow for industrial farming not related to research and legalization of CBD oils. Currently there is no ballot for this fall to vote on legalization of either marijuana or growing hemp.
!CAUTION! synthetic cannabidiol
Diamond boost this report:
https://www.diamondcbd.com/blog/independent-lab-reports-confirms-diamond-cbd-products-contain-zero-synthetics
Yet here is a new law suite against a shop in Texas because the CBD oil, including Diamond CBD, was found to contain synthetics:
http://www.harriscountytx.gov/cmpdocuments/caoimages/180510_Smokey_Doke_Original_Petition.pdf
Independent lab test on Diamond CBD Chill Gummies:
https://imgur.com/a/OmPaj
https://www.reddit.com/r/CBD/comments/7vi4tm/diamond_cbd/
I made a nice little profit already, now I'm dumping this POS company and moving my funds elsewhere. Not supporting a company that has zero transparency and sells a crap product.
Means nothing. Where is the balance sheet to show actual profit? And what was the profit for the same period last year?
Just not seeing POTN making it without change in leadership and transparency. I'm betting on a drop down to the range of $0.19 - $0.23 in the next two weeks. If they continue with only hyping monthly sales numbers and nothing else, it will continue to drop as other stocks in the same sector are getting OTCQB approval and showing transparency.
Note that Industrial farming of HEMP is for research, medical purposes, and production material only, not general commercial products such as CBD Oil. Also note that AZ has not legalized it. They have only submitted a bill and it is only for Industrial Hemp farming.
All states clearly identify HEMP and MARIJUANA as two different things. Most laws being looked at are for HEMP only.
My understanding of Diamond CBD products is that they do contain THC. The level is at or below 0.3% concentration which is typical of most CBD products. The Michigan law bans products with ANY level of THC. This means all of the Diamond CBD products.
Hopefully it makes it on the ballot this fall to legalize. Until then, hundreds of medical offices have canceled orders. Note those are medical facilities for which no doctor is licensed to prescribe medical marijuana.
https://www.michigan.gov/documents/lara/CBD_Hemp_Advisory_Bulletin_622872_7.pdf
https://www.detroitnews.com/story/news/local/michigan/2018/05/11/michigan-now-regulate-cbd-oil-marijuana/34789811/
https://www.michigan.gov/documents/mdard/Industrial_Hemp_Research_Act_Guidance_Document_502055_7.pdf
That said, note POTN's lack of transparency which is required to obtain OTCQB and will be required to allow sale of their products in Michigan.
Michigan has passed a new law making CBD illegal in the state. You can only get it now if you have a med card. So medically prescribed only. This is going to bring the market down as other states are looking to implement the same law. This is proof that it does not matter if the US government removes the restrictions, the individual states will still have control.
To those that keep hyping "To The Moon", that rocket is not going to launch if more US states pass this law.
The crypto mining facility they bought will likely loose money. My understanding is that it is located in Florida. If true, it will cost more to operate then they will see on returns. Electricity for cooling alone will eat up any profits from the mining rigs. Then the rigs themselves will be obsolete in a year or two. Bad management decision.
Note the parent company running all of this, POTN, deals with used cars. Not sure how they ended up with Diamond.
Something to point out, been doing research on CBD products. If you search for CBD products, but do not specifically search for Diamond, the company does not show up in the results. In fact, search "Best CBD Products". Diamond is not on the list. Why? If the company is doing so great, why is it not showing in a search. Note this search is being in the US. Which is leading me to believe they cannot sell very well in the US.
Finding more info like this. Combined with the lack of transparency is leading me to believe this company is going no where:
https://allcbdoilbenefits.com/diamond-cbd-oil-review/
How do you know? Uplist has been pumped up for months, but nothing has happened. Was supposed to have finished at the end of April, but no news at all.
So what report or news announcement are you referring to when you say "uplist announcement, coming soon"?
What law suit? Please provide proof when making such statements.
So outstanding shares have more than doubled in six months?
What? I dont understand what you are saying.
Way to many post the last few days to look at, so sorry if I missed something and post duplicate questions.
First, what has happened with the OTCQB listing? That was supposed to have been finalized at the end of April. Here it is May 9th and zero info from POTN on the filing.
Next, what is with the conversion of $1.6M mil to shares? Where did the shares come from to cover this? If POTN truely has had record sales, why not use those profits to directly pay off the debt instead of handing out shares? If you believe your company is on track and going to do well, you want to hold those shares, not covert them to cover debt. Worse yet, dilute the shares to cover debt. It will just make it harder to buy back those shares at a later date to improve share stability.
This goes back to a concern I had a while back. Why are they spending money on charitable work in Africa and buying a crypto mining facility? POTN has not yet shown stability and solid management decisions. They need to be reinvesting in the part of the company that is making money and grow it. My understanding is that they do not even have the full time staff to maintain operations. Most of the people doing the work are contractors, not employees. So where is the companies foundation to ensure they will continue operating and grow?
Well, I made some $$ on it. Bought a few million shares when it was 0.0001. Sold it all when it hit 0.0012. So scam or not, my drinks are covered. LOL
Perhaps someone covered this in a previous post. Why is POTN spending $$ on charitable activities over seas when they have not yet shown a sustainable profit? Are they making a profit? Yes. Have they shown they can sustain the current levels or grow for two or more years? No. Makes no sense to me to be spending money right now. They should be banking it and reinvesting CBD. Same for why they are investing in a crypto mining operation when they are not even out of the Pink list yet.