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This moves on air. The first real substantial update we get there is going to be some crazy movement up. 10,000 share buys are moving this 1 to 2 cents each time.
"Ludicrous claims" would imply that what I said is my opinion. Everything I stated is listed in their reports.
You guys that believe in this company...no worries. It's your money spend it how you like. I sold after I started digging deeper and things didn't add up. By the way 40m is 10% of the O.S. if they sold they would be required to report it. I just find it interesting that they are listed as 10% share owners in Q1 and now they are no longer listed. Why....
What I do know after digging through everything is this company is not even close to being as open and trustworthy as everyone on here is claiming they are. This company is at best a momo play if it ever catches interest again which with the dumping of shares probably won't happen. For 3 years they claimed 30+ million in cash reserves then starting in 2020 they burn through $21m in cash, posted a net loss, and had a major share holder sell 40 million shares. Anyone who isn't blinded by their own arrogance can see the writing on the wall. This company is on life support and will be insolvent by end of 2020 unless they raise funds.
Check out there Q1 2020 report. New fame ventures owned 40million shares. They aren't listed on the latest report. Which means they sold their 40 million shares. Thus causing the tanking in the price. The problem is there is nothing showing them selling those shares. So when did they sell? How much did they sell? Finally, are they done selling? All interesting questions.
Also, to address the RS. It is actually a positive sign for the company going forward for investors not flippers:
1. It makes the share structure of the new company much more attractive
Current AS 1.5B after 125,000,000
Current OS 500M after 60M
2. It helps stop share price volatility by getting rid of the bottom
feeders in the OTC who are flipping sub pennies
3. It opens up greater equity funding possibilities with better terms (in
my opinion this is why he is doing it)
I'm going to continue to add to my position as it continues to show strong movement forward. Good luck to all and I look forward to future discussions and insights into trading down here in the OTC where fortune favors the bold....or more times than not the lucky...lol
The price movement of this stock is amazing. We continue to rise on low volume after the MOMO run. This indicates buyers are attracted to the fundamentals of what this company is building. It is going to get very interesting when the news starts getting out of what the plan is going forward.
I have been looking through all the DD for the 4th time to see if there is anything amiss or indicators of a PnD. I learned my lesson from ANDI. Those POSs took me for a ride because of how well they hid their scam behind known successful businessmen and lawyers who never had a history of fraud. So it can happen at anytime anywhere in the OTC and as long as the company "attempts" to build a legit company there is no recourse when they run a PnD. That is why it is so prevalent here in the OTC.
That being said SOLS through P&S has got a legit future. What is most interesting to me is the news release about the blockchain server. I scanned through it a few more times and saw where it stated that the server is now for sale through distributors across the U.S.. So our product is already in production and being rolled out. This is huge.
Finally, I keep asking myself why Don wanted to take his company public and the only answer that makes sense is he has a product that he believes he can scale into a multimillion dollar business. Think about it there would have been no reason for him to take the time and effort to take a small 16 man business public unless he had something that warranted the Time, Effort, and Exposure. Looking forward to what is behind the curtains.
I did see that but the fact that they have burned through 21 Million dollars in Q1 and Q2 and are operating at a net loss every quarter doesn't give investors a warm and fuzzy. Also, their report states that there is no increase in OS however, the amount of shares they have listed in their report is 436,000,000 being held by 7 different people/companies. That is besides the 113 million in the float. So if they only have 400,000,000ish outstanding shares then where are these others shares coming from.
Thanks guys for all the feedback. I bought this last week as a momo play but after all the DD I added some today and will add more next week. This looks like it is the legitimate deal. If you do a quick google maps search of the address listed as their business you get an actual business in the middle of other businesses and not someone's house. Every little bit of DD points to Don Beavers and his company being the real deal.
I'm curious as to what you are basing their value on when you say they are way undervalued. Their financial report says otherwise. It says if they don't raise money they won't be able to continue operations. They burned through 15 million last quarter and only have 10 million left. So what happens if/when they burn through the 10 million this quarter. Where is the money coming from in order to continue operations. Its great to sit around and talk about how undervalued a company is but when their own financial statement contradicts that it's an easy decision on whether or not to invest in them. Good luck man...
I took a small position to ride the MOMO play, but that play has appeared to have run its course. I have a couple of questions that I would like to present and get the boards opinion on.
Question #1 in the last report they listed all the shares being held by each entity. If you add all those shares together it comes out to 436,000,000 million shares and the percentage of shares equals 107%...didn't know you could go above 100%...interesting. Also, the report says that the OS is 401,181,550 with a float of 113,181,550. Where do they get the 113,181,550 float from if 436,000,000 shares (which is above the OS anyway) is being held by 7 different entities. None of this adds up. Anyone know of any accounting practices or tools to make this add up.
Question #2 if this company is so financially stable and undervalued why are they going to need to raise money in order to operate in 3rd Quarter 2020 and beyond. I'm all about making money but I do it by paying attention to details. It's there for everyone to see in the filings. Cash on hand at the end of FY19 was 31 million (I'm rounding the numbers), 1st quarter FY20 cash on hand 25 million, 2nd quarter FY20 10 million. Anyone see the trend here they burned through 15 million from 1st Q to the 2nd Q. Which means they have 10 million left for the current quarter, and if they don't raise money they will not be able to fund the remainder of the 3rd or 4th Quarter FY20. Check out OTC markets they just hit JHUD with a stock promotion warning. In the OTC what does it mean when a company gets thats warning....It means they are promoting the stock in order to dilute it to raise funds to continue to operate. Can anyone explain anything I missed here. Its all clear as day in the filings. They may have great revenue but they have also been operating at a net loss every quarter. Thus the need to raise funds. Good luck to anyone ignoring all the signs. If you need proof check out the filings. Also, more proof is the stupid news release that was put out today...
I would also like to add that I'm not sure people looking at SOLS and the news release today understand how big this news is. SOLS through probability introduced a "FUNCTIONING" blockchain server that can be added to a company's already existing digital infrastructure and virtually puts that company's digital wealth behind what is essentially FORT KNOX for data. A blockchain server can't be hacked. Every business in the world would want that technology guarding their data....this is why this is such an interesting play down here in OTC gutter...trading at $.04, no debt, tiny float that will get even smaller and a functional product that can change data protection for every business in the world....let's see what happens.
I've been watching this for a couple of weeks. I got a small position and started doing a lot of digging (in preparation for adding a larger position) to see if this is a legit company or just another P&D running on merger hype. I have to say from what I have found so far things are looking like Probability is a legit private company which is already profitable, has 16 employees, and no debt. I also found a couple more things linked to Probability and Don Beavers that I haven't seen mentioned on this board yet. See Below
Don M. Beavers is listed as a partner in K.F.&D. LLC along with Fred E. Sutton. Incorporated in the state of FL in 2018 and is still active. Fred E Sutton is the owner and manager of Sutton Properties in Palm Bay.
http://search.sunbiz.org/Inquiry/corporationsearch/SearchResultDetail?inquirytype=EntityName&directionType=PreviousList&searchNameOrder=KFD%20L180000816360&aggregateId=flal-l18000081636-28ee618d-69e1-4d3d-b080-d1fa0bfd3fd7&searchTerm=KFH%20KINGDOM%20LLC&listNameOrder=KFCSOUTHFORTLAUDERDALEFLORIDA%202141860
Don M. Beavers as well as the rest of the advisors for Probability are also on the board of advisors for IPFortress
https://ipfortress.com/team/
and finally Probability is working with Treasure & Shipwreck Recovery on a new game app called Galeon Quest.
https://treasurewreck.com/treasure-shipwreck-recovery-announces-app-development-partner-for-new-galleon-quest-treasure-hunting-game/
In penny land there are two types of investors that are successful. Those that ride the MOMO trades and get in and out before they lose and the ones that happen to fall into a legit private company that want to go public so they buy an OTC shell. Those companies are probably 1 in 10000 in the OTC, and so far what I have found about Don Beavers it seems like he is a legit business owner who has a successful business and wants to go public. The interesting question is "Why" does he want to go public. In my opinion its because he has stumbled on something that he wants to get out to the public as fast as he can. And going public is the quickest way to achieve this. I am looking forward to seeing what he is doing.
Pizza would be great...lol, but seriously they need to fix the relax 1000 recipe, it tastes that bad. Charlotte's web original (olive oil) flavor is pretty good. Also, Hemplife Today is olive oil flavored. Both of them of course have the CBD oil taste but are entirely palatable. I have been taking 500mg of Hemplife today every night before bed. It works great as a sleep aid and for anxiety. Since I'm invested here I wanted to try their product. Like I said the gummies are great but I wont buy the relax 1000 CBD oil from them again. I will definitely keep buying the gummies though. Anyway, hope you enjoy the Holidays. Take care.
I am still holding here. Haven't posted because clearly this hasn't gone anywhere since the PR of the bought deal financing at .005. I'm still wondering how orie plans on getting the SP there. Especially since 194 million shares are set to hit the market on or after 19 JAN 2019. Hopefully, Orie is able to pay that note holder the $134k before the shares are converted. If not the SP could take a turn for the worse after 19 JAN. Hopefully Orie gets things moving in the right direction. Happy Holidays to all.
I personally use the 500 mg of CBD oil from Hemplife today. I've been using it for over a year. It works great. My last order was for 5 bottles and cost a little over $200. So I'm pretty happy with their products.
I just received an order of chill gummies and the 1000 relax CBD oil. The gummies were great the CBD oil was awful. It worked ok it just tasted awful. I've been trying some of the major brands and so far Hemplife Today has been the best CBD oil followed by Charlotte's Web. I wont buy the relax CBD oil from Diamond again. It tasted that bad. However, the gummies are a big hit. Hope everyone enjoys the holidays.
The three top dogs just bought 260ish million shares at an avg price of .0009. They have lost half their value since then. This is ridiculous.
nice, was that your 600k buy
Yeah, that's where I'm at. Either a complete loss or it turns around....we'll see
Who cares...Goulding was trying to run 3 different companies. It's good that he is gone.
I have to say that I am not entirely upset at how low the price is right now if in the future they are able to increase it. I'm sitting on a little over 1 million shares. If the price stayed at .02 or higher I wouldn't have that many shares. On the down side I am also still down 23k at the moment. At .027 I break even...still waiting.
LOL...maybe
This stock is like watching grass grow....I just need to forget about it and come back in a year and see where its at.
POTN is one of the only sub dollar companies in the weed/hemp sector that has a positive EPS. So I'll take it.
bought another 150k...lol suck it Trebek
We are currently trading at 4x yearly revenue...@ 16x we will be trading at $1.....let's go POTN.
That is the risk we all take. However it is clear to see with the lack of volume that there is clearly no dilution going on. The drop in SP is simply impatient traders selling for a loss and moving on. I chose to hang around here for awhile and see what they have in store. Because at the end of the day they are projected to clear $15+ million in revenue at the end of this month, and the Visyon acquisition is still in the works. So this company still has a lot going for it. Does the SP this low suck...yup. But look at how many members of the board bought close to 2.5 million shares at .50. So I am still doing better than they are, and if they hope to recover their losses then they are going to have to get the SP up.
The fiscal year ends 31 Oct. So who knows when the plan on dropping the Q3 results.
I'm waiting for the news on the closing of the Visyon acquisition...and any other good news they want to release.
That would suck...
Maybe they are auditing the financials prior to releasing them now that they uplisted....who knows.
Yeah these prices are pretty enticing.
LOL...that's why we do this. Have to disagree with you on this one though. At this SP there is a lot of upside. 7K gets you a million shares.
Scared money don't make money...you continue living in your "safe" world of investing in Amazon. I'll live in the wild wild west of the OTC...I am down 24k ish here but like I said I like what they have in store so I'm going to see where this goes.
Wow, you really have no idea what you are talking about do you? The 12 million in debt is since the inception of the company. The projected 16 million in revenue is for FY18 only. They just uplisted to the OTCQB in June of this year. So that does give them access to non toxic lending institutions. The 100 to 1 RS is a generic statement that they have put in their filings for two years straight now without acting on it.
Actually I haven't told anyone to buy. Like I said. I find value in this company. If you don't fine. But I find it hard to believe that you are just the OTC good Samaritan going from board to board worrying about other people's money. So you have some kind of underlying agenda other than just watching out for "others". I know exactly what I'm getting into. The company has 74 million OS shares as of the last report. However, I believe it to be more like 100 million OS. They have close to 400 million in issued shares for debt. Which cannot convert until the SP reaches .10 and then .14. They currently owe $12 Million in debt, however they are on schedule to make $16 million in revenue this year. They are still working on the acquisition of Visyon which will be huge if/when they are able to close the deal. All of these things and the SP is sub penny. For me it is worth dropping a few thousand on and seeing where it goes.
Listen, I completely understand your complaints and the issues with the late fillings and the decrease in the SP. However, I find value in a company that is making 16+ million in a year with a MC currently at 1/10th of their revenue. If you don't like the fundamentals then don't invest. For me the risk is worth the reward. This is not some company that has a pipe dream that they are trying to make come to fruition. They are executing a business plan that is successful as shown by the amount of revenue they are producing.
Huge revenue shows a demand for the product you are selling, so yes revenue is important. Nobody on this board has said debt was good or ignored it. It clearly states they have spent 12 million getting the product out/acquisitions/marketing. That is the price of doing business. I dont mind investing in companies with debt. E.g..all weed companies. So I'm not really sure what you're purpose is on posting here everday.
Hands down the best salesmen in the world are used car salesmen....and we have them as our company's leadership.....we win...POTN