Potnetwork Holdings Inc. (fka POTN)

[Amac1001]

I hate to say this but if you look at Q3 vs Q4 YTD financials these don’t look good. Basically another $500k of Debt that converts to shares at a highly unfavorable rate, net LOSS of $450k for Q4 (look at Q3 vs Q4 profit goes down from $650k to $213k), the 300m shares are not converted so everyone who sees audit will recalculate market cap at around $250m currently. Huge Q4 operating expense.
I am a CPA and I don’t see how a financially astute investor can look at this (and I just did a five minute review) and feel good about this. This is a good company but this is not a good report. The footnotes don’t tie to the Notes Payable on the Balance Sheet. What is this new $1.2m of debt that now shows. It does not tie to the support.