Way to many post the last few days to look at, so sorry if I missed something and post duplicate questions.
First, what has happened with the OTCQB listing? That was supposed to have been finalized at the end of April. Here it is May 9th and zero info from POTN on the filing.
Next, what is with the conversion of $1.6M mil to shares? Where did the shares come from to cover this? If POTN truely has had record sales, why not use those profits to directly pay off the debt instead of handing out shares? If you believe your company is on track and going to do well, you want to hold those shares, not covert them to cover debt. Worse yet, dilute the shares to cover debt. It will just make it harder to buy back those shares at a later date to improve share stability.
This goes back to a concern I had a while back. Why are they spending money on charitable work in Africa and buying a crypto mining facility? POTN has not yet shown stability and solid management decisions. They need to be reinvesting in the part of the company that is making money and grow it. My understanding is that they do not even have the full time staff to maintain operations. Most of the people doing the work are contractors, not employees. So where is the companies foundation to ensure they will continue operating and grow?
