Potnetwork Holdings Inc. (fka POTN)

[ScottyP19]

Where is the proof that POTN is the CBD leader in the industry? They also have less that $250k in cash on hand. Not good for a company who is suppose to be the leader in CBD.

Current Previous Previous
Dec 31, 2017 Dec 31. 2016 Dec 31. 2015
Assets
Current Assets
Cash/Bank Balances 241 0 1
Accounts Receivable 330 1 71
Drop Shipments in Transit to Customers 640 - -
Total Current assets 1,210 1 72
Fixed Assets [NET] - 3 5
Investments in Diamond CBD [wholly owned] at cost (IAS 27) 170 - -
Other Assets - - -
Deposits 30 86 1,948
Prepaid Expenses 623 - -
Total other assets 823 89 1,953
TOTAL ASSETS 2,033 90 2,025
Liabilities
Current Liabilities
Payables 271 25 530
Total Current Liabilities 271 25 530
Other Liabilities
Loan from 3rd Party with interest 245 266 125
Note Payable 3,078 2,019 1,984
Total other liabilities 3,324 2,284 2,109
Total Liabilities 3,595 2,309 2,639
Stockholders' Equity
Common: Authorized 1,000,000,000 shares, $ .00001 par value;
and 569,920,485 Issued and outstanding at December 31, 2017
and 89,571,121 Issued and outstanding at December 31, 2016
respectively. 451 88 88
Preferred Stock Class A Authorized - 50,000 shares, $ .00001 Par
value; and 32,682 Issued and outstanding at December 31,, 2017
and None Issued and outstanding at December 31, 2016
respectively. 0 0 0
Additional paid in capital 263 263 1,462
Retained Earnings (2,276) (2,570) (2,164)
Total Stockholders' Equity (1,562) (2,219) (614)
Total Liabilities & Equity 2,033 90 2,025

https://www.sec.gov/litigation/complaints/2017/comp23992.pdf