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Was hoping those with a little history with potn might shed a little light, for the board, on what happened in the earlier days. I'm assuming that was your best effort so thanks.
A cut and paste would be nice ...also a little history on Chucky V. for the newbies might be helpful..
The main catalyst for a move in POTN is the financials...That is also part of the reason for these 3:1 days. They are overdue on the release and that makes shareholders nervous.
Also gotta clarify on those preferred shares, that is very important.
Board idiot may now attack
Upordown I feel like I am in a battle of wits
and I am fighting a one armed person.
Cheer up little guy, Santa's coming soon.
Now run along
Upordown there you go again.
Wipe your nose, dry those little teary eyes, take a deep breath and repeat the following 10 times.
"I am not king of this board and I can't tell people what they can/cannot post.
Suggestions to help you:
Read the directions:gummie bears are not a suppository.
Stop talking outta where you are putting those gummie bears.
Think before you post.
Don't lie about what researcher11 said.
Be tolerant of differing opinions.(see "king" remark above).
Watch the adults and emulate them.
Hope this helps
Your friend researcher11
Pretty sure those numbers from the lastest Vegas show will never be released.
After the Vegas show in July of this year they reported the sales #'s in 2 working days. However now it has been two weeks since this last show, and no report.
Therefore I think we can submise:
A)The show was such a success they are still working night and day to add the numbers up. In this case I would imagine anyone standing outside their office is overcome and/or sickened by the smoke coming off their calculators.
B)The management of the show closely rivaled a organized circle jerk and their sales people spent most of their time behind a table covered only by a few cobwebs and a mold encrusted packet of gummie bears.
Thanks to all the vets here....I too served and luckily came thru with no injuries but pot is still good from time to time.
I go to the VA from time to time and believe me you don't want gov run medical care to become the norm in this country.
Smart man
Floridainvestor I understand what you are saying and I know you work hard for your money...Frankly the money you put into the stock market is a gamble in every sense of the word and OTC stocks in particular are twice+ the gamble.
They say don't put any more money in the market than you are willing to lose....Hell I don't want to lose a dollar....the way I look at it is, don't put any money in the market that would change the way you live if you lose it.
I'm rooting for you buddy..be safe
Amac, I can't spend your money for you, but there should be a active discussion on here about it, and then each of you decide for yourselves.
Ok so nobody's flipping POTN especially Floridainvestor .... :)
You should always flip at least some of your shares...just good trading.
You keep the core and flip some, that way you are covered both ways.
I mean if you're going to watch every tick anyway, why not get paid to do so, you've already done all the studying on how it moves.
I would do it but I don't want to get stuck with the core if this thing blows up, but you guys are glued to the core (believers) anyway so it's a natural.
You are missing a lot of money by just sitting on your hands watching the ticker.
We should watch every tick tomorrow... oh wait, we already do...lol
Vacamel, I may leave here empty handed, but if you left, the average IQ of this board would shoot up 20-30 points.
Please, please, please take your medications, they were prescribed for you for a reason.
Floridainvestor So you are flipping POTN?
I ask because from your post before, it indicates you would have had to sell a lot of POTN to have that $385,000 to put in on the bid.
Just asking cause all things considered that would be pretty smart.
Massman it fell under sell..here is a link for that info if you don't have it:
http://ih.advfn.com/stock-market/USOTC/potnetwork-holdings-inc-POTN/trades
Sell vol is running ahead of buy vol by 2:1 according to this source.
"Waiting for the fins to come out before buying" is the reason for most people who are standing on the sidelines (including myself).
Ditto for wanting to see the share reduction on paper.
However a more accurate description of this strategy may be:
Waiting to see what is IN the fins when they come out.
Waiting to see the DETAILS of this "share reduction"
Blind faith IN the stock market is the surest way to be OUT of the stock market.
I just don't think POTN can move up with any conviction until they provide some transparency on the 3rd qtr p@L and what the preferred shares represent. And then it will depend on what we see when they shine a light on that information.
Bull That's what I thought the first time I saw that.
Congrats Bullmarket
What are the guesses for todays closing price.
Vacamel why is it every time I think you can't get any sillier you surprise me.
Smooth there isn't a short under every bed as some would have you believe...what you saw was a MM doing a "sweep" (clearing and balancing his books), that is most likely a trade that took place earlier in the day and that is why it seems out of the ordinary as far as the bid is concerned.
The Marijuana Index Is Up 54% this month
https://hacked.com/marijuana-index-54-month/
Upordown They did not include details about the preferred shares in that press release so you would have to be a mind reader to know their reasons for doing anything at this time.
BTW I notice you like to seek me out whenever you feel like having a pissing contest. I don't have the time or the inclination for one today, but please feel free to quietly have one by yourself.
A guy walks into a pizza joint and orders a pizza.
When the pizza is almost ready the guy at the counter says, do you want your pizza cut in 8 pieces or 6 pieces?
The customer says,.... you better cut it into 8 pieces I'm pretty hungry.
This POTN deal is the same situation....the pie is the still the same size they are just going to cut it a little differently.
How differently? You will need more info
The press release this morning just told you they were going to cut the pie.
They didn't tell you HOW they were going to cut the pie.
Boomz Sorry but if you think this will be 35-40 cents in two weeks I'm afraid it is you who has no clue. Let's keep the preposterous a little less so.
FloridaI there is no MM showing at that position so whoever it is has a higher bid than that showing...the only way to see your information is level 3 and only mm's have that feed.
Here is what to keep in mind:
About this "retirement":
It is a retirement of common stock, not a retirement of ownership.
So it is very important to know the terms of these preferred shares that they are issuing to themselves.
You can be sure the preferred will be convertible preferred.
That means at some point of the holders choosing, they can convert them into common stock.
Preferred stock usually gets paid interest or a "dividend"
So what is the "exchange" rate from common to preferred?
At what price are they convertible into the common?
What is the interest/dividend rate?
What are the voting rights of the preferred
There are other things to consider in the small print but the above is most of the basics you need to know.
Congrats to all, finally a little relief.
And that's the best ya got??..fliting thru the room throwing crap and hoping some of it sticks.....all companies have their good and their bad, I can see you did no DD whatsoever before you picked up the keyboard....You're a big fan of mjna I see...I guess you would like to nominate the mjna founder for the citizen of the year award....want some dirt go dig in your own yard.
lol I'd be walking down the sidewalk waving at you as you go by in your new Lamborghini...Your license plate would read POTN1
Did you read the small print at the bottom of that "press release".
MAPH Enterprises LLC., has been compensated a total $150,000 (CASH) by Potnetwork Holdings, Inc. via First Capital Ventures, Inc. an affiliate company for a period beginning November 1, 2017 and ending December 1, 2017.We may buy or sell additional shares of (POTN) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.PLEASE READ OUR FULL PRIVACY POLICY & TERMS OF USE & DISCLAIMER
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$150,000 will buy a lot of "churn"
There is THC in hemp CBD oil.
There are so many reasons why POTN would not want to grow their own hemp, I won't even go there.
Guys take a look at these numbers
From the 6/30/2017 POTN income statement
Revenue.................$3,219,278
Cost of revenue......$2,140,294
Gross profit.............$1,078.984
So their cost is 2/3 of revenue
So if they sell a item for $9 it cost potn $6 etc
Bull you are right (as usual)...:)
Ok Mass Thanks
Question...Has anyone here every sent POTN a email asking a question as a shareholder and gotten an answer?
I have sent several over the last month asking simple questions that would not violate the rule of insider info and I never got a reply on any of them.
If you did get a answer can you share your ques and answer with the board...thanks
Bull here's what I don't understand...if they have sold out of items on their website...if they don't have enough product to last them thru a trade show...why in the world are they having a 30%-50% off sale? Why would they lower the price of something they can't get enough of?
Don't hold your breath, I have sent them several emails and still haven't heard back on one....I wouldn't know how to take a guess at a number for Vegas..they sold out after a couple hours...I don't know how you let that happen.
You're right on that share re-structuring...I don't know how they can go forward like this.