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Very interesting...thanks Justin
Justin I can't remember the last time POTN was 05-055
Could you explain #4 a little more...thanks
Welcome and what other pot stocks are you interested in?
You are a fast learner...congrats
Florida don't look now, but there are others adding to the "conspiracy theories" you are seeing.
The conspirators are extremely brazen and openly discuss things they are reading/not seeing on the financial statements.
They cloak themselves in facts and slice with their daggers thru intelligent questions that a true believer would never dare ask.
They raise their head from the bowed position and demand to know what management is doing with their money. Knaves!!!
Yes, there definitely is a conspiracy afoot
What scoundrels they be.
Florida with all due respect let's discuss the "loose the opportunity of a life time" theory.
Some people here have loaded up hundreds of thousands of shares of POTN.
(Some have tied up their whole account in POTN....Betcha can't find one book on investing that tells you that is a good idea.)
So what is the difference in scenarios between a trader and a investor in POTN.
POTN is at .06
Trader buys
Investor buys
POTN goes to .07
Trader sells makes 16%
Investor holds makes 0
POTN goes back to .06
Trader buys (well you get the picture)
In a stock stuck in a back and forth range like POTN being a trader is great....being a investor not so much.
Ok now the big day comes.
POTN moves up to .08 or .09 confirming a break out.
Trader buys at .09
Investor has a big smile
POTN goes to .40 (The big target price)
Trader makes .31 per share
Investor makes .36 per share
Course trader has made those in and out profits so he is not crying over a couple cents.
With this market, in the meantime the trader has funds loose to enjoy the other opportunities as they arise.
The POTN investor has all of his funds tied up..
Now let’s say we get a big 10 day market correction or POTN comes out with some really bad news.
When the stock starts down trader jumps out
Believers stay in and ride the denial horse down.
Trade however you want.....just make sure head is engaged at all times.
Some times what appears to be manipulation is merely a differing opinion.
Yes la most people think that you have to be talented in math to be a good CPA....truth is 99% of the math in finances is pretty simple stuff. The talent really comes in allocation and classification etc..that can go pretty deep.
I got in NXTTF at .23 little over a month ago, been very very good to me.
5SChips All penny stock sites are going to have a agenda....However there is a free site I have been a member of for years. I have met the site owner and his family and he is of excellent character.
He has a hot hand in his picks right now and there are many other excellent traders on the site, you just got to figure out who is good and who...not so much.
The link for the site is
http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&t=
Site owner is Lionmaster (Sam)...has a really hot hand lately with his picks.
There are very knowledgable traders there and they are very helpful.
You can thank me later.
That's the problem kid...sign is getting those shares at.003 each..that's 40M shares a qtr and he is "buying" them for $120,000 and at .06/shr they are worth $2.4M
Take a look at pages 12 and 13 here
https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=183954
Whenever I want to feel the warm fuzzies I hasten back to those calming words of Bruce Baron...."We don't need money so there will be no dilution".
Nothing to see here.
270M shares outstanding
160M shares annually to pay the $1.6M note
Then added $763k to the note
Nope, no reason to watch management here
Being "familiar with booking expenses for quarterly reporting" is going to leave you a long way away from putting together a certified audit and the resulting financial statements.
The best CEOs I ever saw were the ones who knew they were not the accountant.
I'm not on the buy, buy, buy train nor will I be getting on it any time soon, mainly because I believe informed shareholders make for a better company. I realize rooting around the books can at times cause discomfort, but if comfort is what I am looking for, I would go sit with the girl scouts.
I don't think we disagree in principal, maybe just a little in procedure.
All the best to you and your family, happy holidays.
Marketing - Travel: Air Ticket, etc. $ 161,875
Marketing - Travel: Boarding & Lodge $ 180,807
Marketing - Travel: Rent a car/Taxi $ 42,481
Marketing - Payments made to Vendors $ 757,785
Advertisement $ 513,594
Was not a small part of these amounts that was spent on the Vegas show and Tommey Chong.
They flew the entourage out to Vegas had lodging expense, taxis, auto etc etc...but they only brought enough product for 1 (one) hour.
Not a peep about the Chong escapade.
They act like they are a private company, while using our money.
Amac, good point.....who knows.
But that is such a basic point in accounting, hope they didn't pay anybody to do that.
Lazlo just like any other stock we have varying opinions as to why it behaves the way it does.
I would suggest going back several days to read old posts, that will give you a good foundation of information going forward.
WIC There are still some important informational gaps to fill, work to be done.
BTW Good writeup the other day...impressive.
Bull yes officers salary would be included in payroll.
They could have added employees since 9/30 but the sales run rate, to me, just wouldn't seem to make that big a difference.
Labor is included in Cost of Goods Sold if you are manufacturing/producing something. These guys mainly get gummies in and ship gummies out...that kind of labor by any stretch of the imagination is payroll.
There are a couple other issue on the income statement and the format from qtr to qtr but I'm not going to go into that.
These guys are only about 10 miles from Broward Junior College...they should have got a second year accounting student to do their books...would have been better.
Newbies please, please, please do your own DD. You know what they say about free advice. A LOT of misinformation, intentional or not gets loosely thrown around on message boards, and this board is no different.
LOL You're probably right Smooth, they are all volunteers.
Amac....I aced cost accounting and believe me, in a operation like this there is not labor in the cost of goods sold.
Also that number would include the pay of officers so part timers can't be the answer.
How is this possible??
I listened to the radio show for the link you posted today.
Steven correct me if I'm wrong but I don't think int or div matters...I think the deciding factor is if they are convertible as far as "on a fully diluted basis"
Great trading action today. In and out 5 times. Always seems to have difficulty holding gains, so right now I'm plotting my buying prices, hoping to add tomorrow or Thrus.
"Retirement" to me means no longer in use.
The common were changed into preferred, to me that is "converted" because you can bet they can come back as common whenever management chooses.
And when POTN starts showing their earnings on a per share basis the preferred will be figured in there when they say "earnings on a fully diluted basis"
MM crooks keeping wide spread.
Carm, usually one of two things happens when someone breaks up with you.
1) They come back and all the hurt you are feeling right now is wasted.
2) They don't come back and one day you realize it worked out great that they didn't.
That's been my experience.
Bull, Ya did it buddy, congrats!!!
It's like we are riding a large pink ostrich across the desert, and the ostrich gets fleas. We need to kill the fleas, not the ostrich.
Or something like that....:)
Well put super
Monte very important to find out if they can prepay that note so that if they get the funds they can get out of it..ASAP.
Very obvious Mick Bazsuly either doesn't know how to do DD or he is a liar.
Of course from what he said I'm not sure he can even read...the info is sitting right there in plain sight.
This is why you should not use only charts.
Course I'll keep playing the channel as long as it wants to give me money.
Bull,on that note, if you compare the 3 qtr financials to the 2 qtr financials you will see in the 3 qtr they had sales of $4,444,800 with a net profit of $293,997
That is a net margin of 6.6%
If you look at that note payable to "sign" you can figure that with POTN price of .06/shr, on the conversion, then they are paying 400% a year on those loans to produce 6.6% in net profits.
But of course there is nothing crooked going on here.
You want a good laugh
Listen to this video from 18:30-19:30 mark:
I guess this is who "sign" probably is:
If you look on page 2 of the Supplemental Information Disclosure for the qtr ended 3/31/2017 you see this sentence.
"The Company was at least arguably in default on a convertible promissory note issued to Sign N Drive Auto Mall Inc. However, it has since retired that note in exchange for the promise of future issuances of 577,523,089 common stock."
So who owned Sign N Drive?....I would think Chuckie V. and a couple of other present day members of management.
It appears the leopards' spots remain unchanged.
Maybe some of the old timers on this board can provide some color on this.
Yes soupbone,the co.says the shares were "retired" but they were not retired in any sense of the word...they were converted to a different form of ownership. Management has not seen fit to tell the owners of the remaining common shares (us) what terms this new form of ownership awards to the holders (insiders) of the preferreds.
Here is a wealth of information from their past filings...I think we can figure out a lot about the future path of POTN if we get a good grasp on how they handled things in the past.
https://www.otcmarkets.com/stock/POTN/filings
These filings go way back.
POTN use to be named United Treatment Centers, Inc.. back in 2013...this is the early days of that $1,850,000 note and it was owed to a "D.G."...someone else described as "E.G." was also lending the company money...any guesses of who DG and EG are?..Couple of the Goulding boys maybe??
The note in 2013 was for $112,000 and it was convertible even then.
Nice to know those two aren't the only options.
Suggested research assignment for someone
Check out the filings with the Secretary of State of whichever state POTN is incorporated in and see what you can find out.... could answer some questions.
I would do it but I just don't have the time right now.
I think the buyers and sellers of POTN fall into one of two categories.
First a fact:
This companys management has a history of being so crooked they make Bernie Madoff look like a alter boy balancing the wafer on his tongue at his first communion.
So the two categories are:
CAT A.
Some people are flipping the stock, cause in the short run they don't care who the management is, they're playing the obvious channel.
CAT B.
And the others are long term holders who feel POTN prospects are so strong even the crooks won't be able to stop the explosion when it comes.