POTN No Longer 'Rangebound'. $.25 This Week.
To begin, I want to welcome any new long-term shareholders to the POTN board, and I also want to congratulate our long-term shareholders who held long through the winter.
Essentially, there was a vibe that had swept over PotNetwork, and it had temporarily become a "day trader's paradise." The intent herein was no longer to view potnetwork in a practical, reasonable light as a company. But instead efforts were made to push the company up and push the company down.
Yet, that vibe can only last so long- as fundamentals usually take over. As I predicted with the Champs show, potnetwork would breach the Las Vegas orders amount. We've been seeing the exponential growth numbers and it really is mind-blowing. In a very very very good way.
First there was the Harbinger report that showed us the plan to reach about $100M in Revenue by 2022 end of year. The model had potnetwork pegged at $25 million for 2018 and about $35 million for 2019. But with these latest numbers in the press, it looks like we're already way past $40 million in real/actual numbers for 2019. Thus, even though PotNetwork's Harbinger model had anticipated a 40% in revenue increase (year over year), what PotNetwork is actually getting is about 100% in revenue increase (year over year).
It makes sense, that during the latest litigation round, regarding the previous note holders from when potnetwork was a different entity, PotNetwork had every incentive to not boost up their PPS. They stayed quiet for a while. It's basically because they didn't want any adverse risk of an exaggerated conversion rate had the litigation gone sour. But now that's all behind us.
It's clear, now, that PotNetwork management no longer needs to take a protective, secure strategy. The horse is off to the races now. There are no constraints to PotNetwork's valuation now.
With that being said, my best estimate for a short-term equilibrium is back to $0.25 where it was towards the end of 2018. I'm sure that there will be a little bit of profit-taking at $0.25 before the next leg up to $0.50 on actual financial reporting, SEC registration for the uplisting, and positive news regarding 4/20 pot holiday.
Just a reminder that the runup to the 4/20 pot holiday is usually the best time of the year for the Cannabis sector.
$POTN
Long and Strong until 2026
AI
