company investor relations responded to my email:
On March 6 I wrote
Is it true that POTN owes several promissory notes as mentioned in the released 2017 financials, including a two million + dollar note wherein the lender will/is receiving 577 million shares of the company?
If true, isnt that the equivalent of a 2 million dollar loan being paid back with 250 million dollars per the current stock price?
If that is true, isn't that on its face a breach of fiduciary duty or outright fraud? What individuals specifically issued the money that is the subject of the various notes? What relation, past or present are they to POTN the company?
A detailed response is appreciated.
today company responded with:
Hello,
Thank you for writing. As much as we all wish they could sometimes, management cannot control the daily fluctuations of the stock market. They are currently focused on the long-term growth of the company right now, which can be seen through a number of positive developments that have been announced recently. We do appreciate your continued support and hope that you know that we hear and are listening to your concerns.
Sincerely, Potnetwork Holdings; THOUGHTS FROM THE BOARD
