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These are all questions I am suggesting we have ready for the conference call....the more of us that are ready, the better chance we have of getting our important questions answered.
People pleaseee, read post #114637. It tells you my position in POTN...It is dated 12/5 2:53:40
Yes Bull when you alerted the fins were out, I glanced, I bought...Now waiting for conf call, preferred enlightment, etc to build or run..lol
Florida I was just saying my dd had improved ( and lord knows it needed it)
In the case of POTN I'm pretty sure we are going to find out those preferreds are convertable back into common at a certain price. So yes they will enjoy a rise in the common just like the common holders.
As far as callable...they are the ones who would do the calling...all they need to do is not call their preferreds...simply.
As far as voting...I have a feeling they can swing what they want to swing one way or the other.
la, MRIC just got a robot approved too. They are around $2.75/shr
Something else,very important, you need to think about.
When they convert the common shares to preferred shares how do they value the preferred?
From what I have seen they take a period of time, usually 10 days I think, and they take the average of what the stock traded for in those 10 days. In this example let's say they averaged .06 per share
Then they pick a number like say 100 and multiply it times the price, so 100 X .06 means the preferreds are worth $6.00 each.
Now here comes what may be the problem.
They are converting 300,000,000 shares X.06 = $18 million...right?
Are we, the common shareholders suppose to now pay interest on $18 million?
Any comments are welcome
Pretty sure my math is correct.
The difference between preferred shares and common shares.
1)Preferred stock usually gets paid interest, common does not.
2)In the case of liquidation, preferred shares must be repaid in full before holders of common shares get a penny (That's why they are called prefferred)....course bond holders, and note holders get paid before the preferreds.
3)In the case of a stock split (or reverse split) much easier to protect preferred from the split. Even if the preferred are convertable it is easy enough to slip a adjustable cause in there for the split.
There are other differences but that is all I can think of off the top of my head...do your home work..goggle it etc.
To me the best thing about watching POTN is the learning experience.
I mean these guys know every trick in the book.
I was looking at a site and it shows 269,920,485 shares o/s for POTN
Which is true, but we know the story behind that.
I won't even go into all the other stuff now but we know what it is.
They withhold important info but under normal DD circumstances you don't notice the pieces of the puzzle that are missing.
I was looking...they released 17 prs in August....Now when they have real "reportable" stuff, you can't find em, Like even the fins aren't worth a pr.
One really important thing that it has taught me is when beginning DD on a company no matter how much info you look at, always go over to the chatboard and see what they people are saying.....the posts here have been invaluable. I know my DD will be much better going forward because of this board.
Reminds me of that saying
"Many hands make light the load"
This post is not meant as a knock on POTN
Actually I stand in awe of them.
Earlier this year, Forbes reported that "hemp-derived cannabidiol (CBD) is projected to be a billion-dollar market in just three years, according to a new report by Brightfield Group. The data company estimates that hemp CBD sales have already hit $170 million in 2016 and a 55% compound annual growth rate over the next five years will cause the market to crack the billion-dollar mark". Forbes further reported that, "Brightfield determined that 64.5% of the sales come through the online channel followed by 17.8% at smoke shops. Dispensaries were third, with 9% of the sales and health stores and doctor's offices rounded out the top five."
That's amazing..wonder if 65% of POTN sales are coming from online while only 18% is from those 10,000 stores...couldn't be right?
Anyway interesting info
A big question is could POTN pay off that Sign note early in cash if they wanted to? If so, is there a pre payment penalty
Theory: Sign is getting all those shares and dumping....sweet deal.
Management is trying to renegotiate the deal to something other than that .003 pps.
Sign says no way!!!
Management says we will not release prs or do anything to let the price move up unless you renegotiate.
Sign says go to hell I'm not changing the terms.
Management then stonewalls and here we sit.
Like I say just a theory...I'm sure there are many others.
Super, personally I think an uplisting isn't something that is going to happen anytime soon.
The date they had the fins in their hand was on 10/31.
Ya know what, I don't know...everything that has happened in the last 4 weeks seems like a jumbled mess.
Just a hell've a way to run a company if you ask me.
"Reportable things" that is a good way to put it...it's not like we are asking them to make something up...this is stuff they SHOULD be reporting to the shareholders...almost like a news blackout.
I have a couple theories, on why they are doing it but so far fetched not worth exploring.
I'm just taking a guess here but I would think it is a software program that looks at the bid and ask at the second the transaction goes thru and whichever one it is closest to is what they classify it as...so the difference could be a split second difference in what the two different places had as the bid and ask at the moment...like I say just a guess though.
Monte it's showing that it went thru as a sell
http://ih.advfn.com/stock-market/USOTC/potnetwork-holdings-inc-POTN/trades
I thought they would put out a pr last night or this morning on the fins and it would get a jolt...but they have not, thus the news is dribbling out causing the price to dribble too.
(Inre: your post #114689) Dear Stumblinginclouds, It was with great dismay I read your latest attempt at communicating in a cohesive manner.
It was particularly disappointing to see the defensive posture you displayed regarding the possession of your playground.
Please rest assured that me and the other adults here recognize that the ownership of your playground resides solely with you girls.
In closing I would like to offer a word of advice.
Before you threaten another person with an action while your friends hold them down... look behind you first.
P.S. If hallucinating makes you happy, don't let anyone tell you it is wrong.
Hmmmmm
Looking at the very bottom of page 5 of the Supplemental Information report I see that the Certification of the financial statements etc by CEO Richard Goulding is dated 10/31/2017.
Yet the release wasn't until yesterday 12/5/2017
ABSOLUTELY!!!!
The principals are setting themselves up to be in a position to steal the company and your money with it.
Bull that probably was a mm "sweeping" his books and putting the transaction thru from a trade that was made yesterday.
Superpower you are looking in the wrong place.......They need money to grow...for some reason the place they are going to get that money is from "Sign". If they pay that $7,000 they merely add it to the borrow from sign and we all know the problems with that.
Also that $7,000 is producing a lot more than the 8% they are paying on it evidenced by the gross margin.
What we should be looking at is the note from sign and DEMANDING they restucture that....they are handing out shares for .003 that the market says are worth.06
Also per this financial statement....Those preferreds should have been fully explained in this statement...it is called a "subsequent event" and it is material....the info on this should not be requested it should be DEMANDED.
StaggeringinClouds, I've always been just a little ashamed of myself for not being congenial enough to talk to crazy people. As a matter of fact that is why I didn't reply to your ranting post last night.
But now with your most recent post I realize that you are not only crazy but you also can't read....please go back over the post since your last rant, there are all kinds of things to discover there.
When you some day do learn to read, try to do so with a little comprehension. Those shares were NOT retired please stop saying they were.
Here's what I think about in what you said
Increased A/R of $259k.....increased sales always = increased A/R and they said A/R are less than 30 days old. (good)
Purchases Paid but in Transit of $483k... They were sold out at the Vegas show, many of their items keep showing on their website as sold out....so you borrow $477k to buy $483K of inventory so you won't be sold out. (bad and good)
The biggest problem is the terms they have to borrow that $477k at....leaves a sour taste and all kind of questions. (horrible)
Seems to me if they can't get better terms on that loan than they are getting, they just aren't trying hard enough.
So annual eanings run rate now is $1.2M with qtr over qtr earnings of +36% Conf call should be interesting with the other stuff thrown in.
There is going to be a delayed reaction.
Oh, IMO of course
They are showing a 100% growth in profits...most people were avoiding buying in case it was a disaster....if you look on tdameritrade, brokers etc it is not showing that the numbers are out.
Bull, absolutely
Here's your big chance #'s not on wire.
Excellent numbers...in
Kid I'm telling you, you are going places..:)..bravo
Let's all jump in a sensory deprivation tank.
So now when we do our DD we don't share it if saying it might reflect negatively on the company?
If we are going to gag ourselves why not put blinders on too.
You guys do what you want...I am not a sheep.
The POTN chart doesn't mean squat.
At best a chart is a individuals interpretation (guess) of what a stock might do, and opinions of what a chart says, can vary widely.
When you do proper DD, a chart is just one of the tools that you use in conjunction with all the other information you gather on a company.
There is nothing wrong with using charts, but if that is all you are using you are on your way out of this market.
Think of it this way, if charts are so important (accurate) why wouldn't everybody just look at a chart and get rich.
A stock especially like POTN screams that you forget the chart. There are so many other important issues at work here.
Do your homework.
Excellent, Thank you Wolf.
Surprised nobody is talking about the festival this past weekend.
From video it looked like there were a lot of people there and Diamond did a good job in getting their name in front of them.
Anyone know what the crowd count was and how it compared to last year?
Upordown, if you line up 6 chairs and you have 6 people sit in those chairs....and then you have those 6 people get up and switch chairs, have you really changed anything?
That is the way I see this management.
That note? it may be old but it is still there, how do I know? because management has not told me otherwise. If you know that they have "issued any new notes?" do tell.
Was curious....If "talking about old notes and not the recent progress in revenues is misleading" ......then doesn't that mean that talking about recent progress in revenues without talking about the notes is also misleading?...Would get kinda boring wouldn't it?
Please don't accost smooth or any other board member here just because what they say "does not seem right" to you. Chances are they are not posting solely to please you anyway.
In closing I would like to say, remember everyone here is your friend and highly respects you. I for one can't wait to see what you post next.
Your friend
Researcher
I want to make something perfectly clear.
I THINK POTN IS GOING TO DO WELL.
They are going to make money.
My point is....where is that money going to go.
If it gets sucked up by high interest or a questable conversions rate on those preferreds it is not going to go to the common stock (you)
If that note sucks up shares it is going to dilute what goes to you and shift it to them.
This is what you should be concerned with and you should be contacting the company to protect what you paid for.
Let them know you are watching
ofthegreenes, You are exactly right, this is what I have been trying to tell them.
They left those preferreds a total mystery, could be a big screwing or not, who knows...I have my suspicions.
That .003 note is a killer crime...gotta shine light on it and change it.
Facts cause attacks...be ready
BullMarket34 is a good researcher, and he and I have never had a problem...I should have said I wish the other adults nothing but the best of luck.
superpower, I was merely asking the old timers to cut and paste what Chucky V. said on facebook and to give a little background to the board on what his relationship was to the company.
Anyway I wish you, Monte and most of the other people here nothing but the best.