Potnetwork Holdings Inc. (fka POTN)

[nugnug]

Forbes Article

The balance sheet at year-end showed equity of -$1.7 million. The company reported sales of $14.5 million for the year, but a profit of just $213,802. The company has 570 million shares outstanding, up from 89.57 million shares at the end of 2016, though it has suggested that 300 million shares are in the process of being retired. It also has a convertible note with a balance at 12/31 of $2.856 million that could add 952 million shares based on a conversion price of $0.003 per share. Based on 570 million shares outstanding and a price of $0.429 per share, the market cap is $244 million.

This article also assumes a conversion rate of .003 being given to new shares when the stock had been steady at .06 for the last 2 quarters of 2017. It would be nice if the company would clean up the mess of information that is floating around.