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trades2win Yep that's what I thought. You were in their facilities and took pictures of jars, and a display case...thanks
Trades2win did you get video of POTN facilities also...that would be great...thanks
Thanks smooth, let us know when you get the pics posted.
Trades2win can you please post the pictures you took of their facility on this message board...thanks
Oh oh..here's the problem...filed yesterday...see warrants
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=11871359&ds=2
I am not trying to influence anyone to be in POTN or to get out of POTN. I would not take that responsiblity for someone elses money.
I'm just saying there are good things and potentially bad things about any stock you do proper DD on.
Good DD includes investigation of both sides of the coin.
Trying to make the facts fit the decision after you have bought isn't DD, you have to keep an open mind, things change constantly in the market.
Attacking people and calling them non-believers, idiots, weak sisters etc is not DD.
Remember, rule#1 of investing is CAPITAL PRESERVATION
Also
I'm well aware that they could take on more debt...matter of fact I think that is the reason for the audit.
Debt comes with it own set of devils..probably have to be convertible debt and the terms of the loan can be difficult.
Just saying these are things you have to consider when doing DD.
Buying shares back is the worst thing they could do now...they need the money for promotions and building their brand name not for buying back shares. As a matter of fact how they came out and said NO dilution is beyond me.
According to them they have 10,000 retailers and are expanding that every day. When you sell something to a retailer you give them 30-60 days to pay for it.
If you are growing sales as they claim it takes every increasingly more money to finance those growing receivables.
Or they could factor their receivables but that digs into the bottom line.
So if they are growing they are going to need more money ie dilution.
I haven't seen it mentioned but who knows what they paid to get their logo on the trucks of those boxers.
Hiring these Doctors.
They have to pay T. Chong and L. Taylor
They have to pay to sponser Chongs fest (maybe a lot).
And PR's can be expensive to put out.
(There's nothing wrong with building brand awareness when you are a young company but it can be expensive)
Also all these expenses are new and fell in the 3rd Qtr and some will continue into the 4th Qtr and beyond.
Did you notice in their 3rd Qtr release they didn't mention anything about the bottom line this time. Probably with the expenses mentioned above, the business is providing no cash flow or more than likely a negative cash flow.
I'm just amazed they said no dilution...where's the money going to come from???
I know this is not what you guys want to hear but it is more than possible, it is probably. Look at the balance sheet they are skin and bones without more dilution.
Well there is no denying someone has a lot of shares they don't want any more.....He's not trying to push the price down...hell he wants to get as much for his shares as he can, that is why he is putting his shares up in blocks instead of all at once.
You can say POTN is going to .10 to .15 to 1.00 the truth is no one knows where it is going.....DD is a informed guess, but it is still only a guess.
This is how hard it is to move POTN.
TRUE STORY
Last night I was laying in my bed and praying, just as I do every night, and I said, please God give us world peace....all of a sudden I hear this booming voice...and it says "I cannot do that my son"
I was pretty shaken but I managed to reply, and I said "ok lord then just make POTN go up tomorrow."
And the booming voice said "when did you say you wanted that world peace to start?
.0609...Holy cow
Question for StockWatch45
I assume by you being here on this board that you own some stock in POTN..is there a loophole to the info you posted or what do you see inspite of the DD you posted that made you buy POTN stock? thanks
Info says 484M o/s with 135M float so I guess the difference is those 300M..so yes...anyone else have a opinion?
BullMarket if those shares were issued in the acquisition of Diamond, I would think info on POTN would show a lot more shares o/s.
Stockwatch45 that is excellent DD...Good job
"Oct 30 (Reuters) - Constellation Brands Inc has bought a nearly 10 percent stake in Canadian cannabis maker Canopy Growth Corp <WEED.TO> for about C$245 million ($191 million), the first major wine, beer and spirits producer to invest in legal cannabis.
The move by the maker of Corona beer and Svedka vodka comes as Canada and a growing number of U.S. states move to legalise marijuana for recreational use, raising questionmarks over its illegal status at the U.S. Federal level."
You don't use the shares in the float (135M) to determine eps you use avg shrs o/s which is approx 500M
So $600,000/500M = .0012 and at a shr price of .06 pe = 50
Ameritrade will let you trade POTN
No MM games ??? really???
Some numbers to keep in mind:
First 2 quarters of 2017 sales a total of $5M profit $370,000
3rd quarter confirmed by company sales of over $5M
So let's say that the $5M in sales in the 3rd qtr produced another $370,000 in profit.
And let's say even with xmas and all this momentum 4th qtr produces only another $370,000.
That give a profit of $1.1M for the year of 2017
Let's round it to an easy $1.25M profit for 2017 (because of economies of scale etc)
There are suppose to be about 500M shares o/s and $1.25M profit would give POTN (at it current price of .06/shr) a PE of only 25 in a industry that is projected to grow compounded 20% for the next several years.
Just having fun with numbers, come to your own conclusions.
Robert those numbers don't look so good.
Anyone got a picture inside POTN operations yet?
As a general rule, if your stock is down you would hope it is on a light vol day and vise versa.
Robert, what does that mean?
POTN needs a good cleaning dip to move forward.
WIC for better or worse if you will check you will see it was me who suggested putting in the sell orders...this board is very emotional and all over the place....geeesh
Everyone should enter a sale for their shares with their broker....enter $10 $20 $50/shr whatever....otherwise your broker can use your shares to lend to shorts.
Someone who calls themselves "MeAwesome" has to have a self image of quite the investor so I'll pass on the bait.
Everyone ignors the fact that they had a loss from operations in the last qtr.
Net gain from investments $16,428,131
Net income................$15,000,000
Net loss from operations .$ 1,428,131
We sure do get alot of predictions on this site....so far I think it is 0 for 439.
Guys those pre-mkt ask mean nothing..some mm picks a number out of a hat.
Sorry didn't mean to stutter
Has she tried physical therapy ....get a good one...they did wonders for my back
Has she tried physical therapy ....get a good one...they did wonders for my back
Has she tried physical therapy ....get a good one...they did wonders for my back
Has she tried physical therapy ....get a good one...they did wonders for my back
Good post florida investor
Well I can tell you are a sharpie
I would say invest in divy paying blue chipers for the most part.Historically they have served the retirees well
BullMarket34
You are right....course we don't really know how many o/s they have and $2M is probably a reach.
You have done some good research on here previously.
I just wanted to see if anyone else was interested in fundamentals.
Ok, I'll make the game a little simpler
POTN has how many o/s shares?