POTN Note holder is BUYING shares which CREATES EQUITY for the company instead of diluting as per excerpt from PR:
"With $6.3 Million in Revenues for Q1 of 2018, and Steps Taken to Reduce Debt, Company on Clear Track to Outperform 2017
FORT LAUDERDALE, Fla., May 08, 2018 (GLOBE NEWSWIRE) -- PotNetwork Holdings, Inc. (OTC Pink:POTN) is pleased to announce a debt retirement of $1.2 million. With less than $1.7 million in debt still outstanding in Q2, the Company is positioned to meet and exceed growth expectations for 2018.
During the first quarter, the Company reached an agreement with a debt holder exchanging a $1.2 million convertible promissory note for common stock purchase warrants at $.25 per share, effectuating a shift in debt to equity. With now less than $1.7 million in overall notes payable, the Company has taken a significant step forward toward improving its ratio of assets to liabilities, reducing its debt service, and improving its overall financial metrics."