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Rum you need to read the posts from the last week....:We believe this is insiders, they get the shares from a note to the company. They get over 40 million shares a qtr at .003 per share...the note amount is going up not down so they will be getting those shares for a long long time...they have every reason to sell....plus they own another approx 1 billion shares.
They might do a quick dip right after the open tomorrow morning...mm trying to get shares...don't sell.
A strong close bodes well for tomorrow.
Didn't you also say you saw nothing "odd" about the financial statements? I guess not even that payroll number....assuming you read the statements carefully, you have a very forgiving eye.
I saw a saying once that said "You are never going to change a mans mind, who has a vested interest in believeing what he believes".
GL
This will light up a lot of radars tonight.
MD You are right in that the market is a numbers game....But the dumping will not stop or even slow down because it is the insidres themselves doing the dumping and they have a LOT of shares.
The hope is that the vol will stay large so that the dumping from within is small by percentage.
Also as long as the MJ sector is hot that is something to ride....don't underestimate how big the sector influences individual stocks. You are seeing it today.
If you want to sell, today is not the day to do it.
WIC I am especially glad to hear you landed on your feet....When being careful where you take advice from, make sure you include the one that gave you that advice.
latrader....Hogwash? I posted an awful lot of hard numbers here. You conveniently painted them all with the same brush.
Pick any of my numbers/posts and tell me where you found the hogwash.
Bull pretty laughable that someone called us bashers.
Right superpower, you could tell by the tone of the reply Bull got from the CEO that they were getting pretty sensitive to the light being shined on their bs.
Daytraders finding it...bottom feeders flocking in now...they are seeing the compression...the market is a numbers game, fundamentals become less and less important as the price moves up.
We watch the boards said Bruce Baron in their latest interview.
Amac The company has authorized themselves to issue up to 1 billion shares if they chose to. The notes etc represent ownership of a asset that is a receivable that can be converted to ownership of common shares when/if they chose to do so...If they chose to convert all that ownership to common shares they would simply authorize the o/s shares up to whatever they need that number to be.
Wow Bull, that sure was a defensive reply, says a lot...as usual great job on your part.
Sorry that was suppose to be #115732 on 12/26 at 12:13AM
Did anyone look at the stock I gave you this morning...$2
I'm getting over 2.5 billion POTN shares on a fully diluted basis.
This is the fully diluted shares numbers that I get per info on 9/30/2017 financial stmts
12/27/2017
269,920,485 Current O/S common stock
866,150,000 Common stk-Preferred convertible as explained in msg#11573
806,207,190Common stk conv@.003-9/30/2017 bal of note to Sign ($2,418,624)*
577,523,089 "the promise of future issuances of...common stock." to Sign
---------------
2,519,800,764 = Over 2.5 Billion shares on a fully diluted basis
*If this note increases as it did in the last 2 qtrs, the shr dilution will increase with it.
Doesn't include any year end stock options they may award themselves for a job well done.
Any corrections are welcomed.
Guys please don't thank me for anything.
You may be cursing me tomorrow.
The market is a numbers game...what if some daytrading site picks this up, or the bottom feeders start soaking up the non movers in the hot MJ sector.
The market is a numbers game...the main reason you should be in it is to make money.
So what if you couldn't save the world with your little altruistic song, there's another company around the corner you can buy to fill that bill.
You are armed with a lot of info that the rest of the market doesn't know or understand about POTN.
When they are not perfect just dance closer to the door.
I'm stepping on my own toes here but you play the channel till the channel isn't there any more.
Remember what you said...greed is good...lol...:)
Just give it a little thought...often, things look different after stepping back and giving them a little time.
Just saying...
Bull that caught my attention soon as I saw it...Bruce Baron "Spokesman".
The CEO and/or CFO are suppose to be the spokesman..they are the ones who answer to the shareholders...then they flip the CEO...just hit me as setting up deniability. Each hiding behind the other.
And then when they won't answer a email from anyone who identifies themselves as being a shareholder kinda showed me what they thought of the shareholders.
And listen to Bruce Baron talk...some times when referring to the company he says "us" and some times he says "they/them"...is he inside or outside??
Bull there's an old saying in retail...don't fall in love with your inventory...I have always stuck to that and try to apply it to the stock market....so while at the moment I too love NXTTF, one day I will move on.
I like your idea about staying in touch with these guys.
Say what you will, NXTTF a 10 bagger in 6 weeks :)
A guy over on thelion.com alerted me to it.
Laltrader Now every time I do DD and I see converting notes my antenna goes up.
But there is something different about the converting notes of the other companies.
1) They convert somewhere in the vicinity of the current price.
2) For the most part they have a expiring term.
3) They are less than say 25% of the current o/s shares.
POTN notes convert at a price that is nothing short of a rape of the stockholders (.003 per share).
They can go on forever, and there is no end to how many can be issued.
You know what forget all that...too much cross with warrent characteristics.
Let just say the conversion rate of the POTN note is ludicrous and endless.
You can correct problems in a business but you can't correct intentional theft. They have hijacked the company and I just don't know if there is a answer for that.
When you DD this stock you cannot study the normal things you need to know about a company.
With this one, the first things you have to answer is, what are they hiding? where are they hiding it? and how can I protect my money from what they are hiding...who in the hell wants to invest in a stock like that?
WIC..That's been my point all along...there are a bunch of good guys on this board but when I say something bad about POTN my anger is directed at this crooked management....The bleeding is not going to stop because they keep right on borrowing on that note and stealing the money from the shareholders.
Even if they didn't need the money they would still find a reason to borrow on that note cause that is their golden goose.
People keep saying why isn't it going up?
Because big money does their homework and they are not about to mess with this management.
They have a bad background and are doing the same thing all over again.
Shame to see a good company wasted on these basterds
If MJ stocks stay green cause of Cali etc potn may make a move simply because buyers will start looking for MJ stocks that have not moved.
Just a thought 12/26/2017
Question for management
POTN has two different classes of preferred stock.
Class A and Class D
This is a discussion about Class A only
This is a quote from the 3 qtr financial statement:
"preferred shareholders returned 300,000,000 shares of common stock in order to receive the 17,318 shares of preferred stock previously relinquished in exchange for such 300,000,000 shares of common stock, returning them collectively to the 50,000 shares of preferred stock as originally held."
It says there were 300M shares of common "returned" for 17,318 preferred which were,
"previously relinquished in exchange for such 300,000,000 shares of common stock" (PREVIOUSLY??)
That means they did this once before. which verifies that the class A are convertible to common.
Now it gets interesting.
A class of stock is a class because all shares in that class are equal, which means all 50,000 preferred shares are convertible to common stock.
Let's do the math:
300,000,000/17,318 = 17,323
Which means each share of preferred is convertible to 17,323 shares of common stock.
So if you take all the shares in class A (50,000) and multiply them by 17,323 = 866,150,000.
Seems to me that means there are a total of 866 million dilutable shares sitting in the class A preferred stock.
The question for management is...is this true?
Comments ???
Good grief, POTN the only red MJ stock today...or just about.
Beerholder, you keep talking like that, how we gonna know when you get dementia?
No kid, just a theory.
Good point WIC, I'm going to retie my straight jacket, strap myself to the mower and get a little work done around the house.
Want to know who "Sign" is?
Sign is obviously a consortium of the previous management.
They each get a split of the $2M quaterly rape of common shareholders.
Nobody could be crazy enough to think that "loan" is ever going away. Hell, read the filings, they are adding to it.
There is not going be a Conference Call on earnings for the 3rd qtr.
It is well past due and by now serves no purpose, why face a informed shareholders questions.
And while I'm on the subject give me a break on that phoney baloney "Mick Bazsuly Show".
He is fed the softball questions he ask.
He is nothing but paid "entertainment".
Bull that is the problem, they don't seem to be able to keep their story straight.......Especially on payroll # of employees etc etc...hell where did the pay for the doctors go that they said they added?
I mean if you are going to lie at least make it a good lie.
Let's make it easy for the lazy, meek, and/or shy.
According to the article here is the email address for the POTN transfer agent.
www.wwstr.com
Worldwide Stock Transfer, LLC
Simple cut and paste the following and email it to the email addy above.
To whom it may concern:
I am a concerned shareholder of POTN stock.
My question regards a convertible note payable to "Sign"
At June 30, 2017 the balance of this note was $1,836,186
The note pays 8% per annum.
The company pays the 8% in shares at a conversion rate of .003 per share.
The approximate price of the shares of POTN trade at .06 per share.
Last quarter there was a conversion of 40 Million shares at a price of $126,000, for the qurarterly payment of this note.
On the open market the shares are valued at .06/share is $2.400,000 or $2.4 million
With such a large discrepancy my question is, how does this note not violate SEC regulations?
Respectfully looking forward to your answer
Thank you
This is just a suggestion for the message of the email feel free to change it or rewrite it.
If someone can get the email addy for that attorney we could send him one too.
You have to be proud of the POTN board. Most of these other IHUB boards resemble a cheerleader meeting held in a pom pom manufacturing plant.
The POTN board has people who diligently read the filings, publications, etc and open the board for discussions on critical issues that need to be spotlighted.
We shamelessly hang out our dirty laundry for all to see because that is the only way to eventually get a clean company.
We need to put a stop to this ludicrous share conversion.
This has become a battle between the shareholders and the crooks and so far the crooks are winning damned it.
At the very least we can demand that the conversion rate on that note be changed from .003 to something closer to the true obvious share value. We are being played for suckers.
stinsmoney Welcome...I use Ameritrade and am pretty pleased with them.
POTN must be a terrific place to work.
Six months ended 6/30/2017 Salary and Benefits = $167,553
Nine months ended 9/30/2017 .................Payroll* = $149,361
Payroll for the three months ended 9/30/2017...........($18,192)
Seeing as they had a negative payroll for the 3 months ended 9/30/2017 the employees must have been paying POTN to work there which can only mean it must be a really fun place to work.
*Note: For the 6 months ended 6/30/2017 they called wages "salary and benefits", however there are no "benefits" shown on the nine months ended 9/30/2017 so that figure must be all salary (payroll).
Also on the 9/30/2017 there is no classification resembling "benefits" so we know it is not broken out separately under another title.
:)