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Re: billytbone post# 156170

Thursday, 01/10/2019 10:19:37 AM

Thursday, January 10, 2019 10:19:37 AM

Post# of 179942
You do realize the litigation is over a small portion of the debt, roughly 25k...Southridge decided to try and convert at a rate not in the contract...so like any normal company, POTN didn't honor the unethical act...again they never stated they didn't owe the money it's a question over how much...to my earlier point...would you be willing to be charged 20% interest on a loan that stated you would only be charged 10%?

It has said repeatedly on the financials that additional shares may need to be issued to satisfy the ruling...rather then issue 10M instead of honoring a fraudulent attempt to gain more shares from an unscrupulous hedge fund like southridge who has been under SEC investigation

The Note payable currently on the books for 1.4 is held by Sign and drive which is wholly owned by POTN...again this note is used to extract equity to finance expansion and marketing...vending machines, vans, marketing efforts, etc. The only problem we face right now is we aren't 100% previewed to the capital investments used to increase the value of the business...people are only seeing the dilution and say it's negative...the fact of the matter is that the stockholder equity has increased dramatically over the past year...if assets go up either debt or equity also needs to increase...

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