Potnetwork Holdings Inc. (fka POTN)

[Amac1001]

Yes that was the issue of the day. The issue here is the shares issued/paid in lieu of debt service on the loan. Those are new shares outstanding. If you want to call it dilution then it is dilution I guess. The audit needs to disclose if the conversion rate has changed because the old one listed in the 10q is like .003 (I may be off a decimal), but really low which is a crime given the current stock price. They paid 40m shares that way in Q2 and Q3 2017 which now is like $20m which could pay the loan down multiple times over. I don’t get how they haven’t fixed that which can only mean they CANT fix that because they are contractually bound to ride it out...but they keep compounding the problem by adding to that loan at its onerous conversion rate.