Well, like you said, it has fantastic revenues. It actually shot higher than .80 to .97, then Jeff Sessions opened his big mouth, and announced his own war on weed. Just like the rest of the cannabis sector, POTN took a dive down town in a few bounces hitting lows of .27 before recovering to about .60. Then there was also the fear and panic of missed estimated audited financials time lines once at the end of January, and another one at the end of February which led to market makers and day traders playing on fear and triggering stop losses along the the way back to .27 again eventually. After all the dust settled and the audit came out with nothing that wasn’t already known, it jumped to around .40. For the last three months it been a slow bleed down to the low .30’s before this past week when it broke that support. Most of all this fall has been achieved with little volume, and included naked shorting while walking the bid down to new lows every day IMO. Concerning the audit, Liehub mods “discovered” an old wound of a talking point that all longs already knew about back at .06 which was the “toxic debt” issue from note holders. Since then the company very recently announced negotiations of the debt of $1.2M at a conversion rate of .003. They renegotiated that rate to a conversion of .25. That leaves the company with less than $2M left to negotiate through litigation, which the company also stated very recently it intends on a deal being reached soon. Originally POTN made the promise on Mick Bazsuly’s show they intended settling this debt before the end of 2018. It’s only the beginning of May, and they’ve taken care of about 40% of that. They’re also still in the process of retiring 300M shares and up listing to the OTCQB with eventual plans of Nasdaq. What I’ve come to accept with POTN and good stocks in general is they always do the right thing... eventually. A lot of people want to get rich over night, but even great companies will miss deadlines, and unforeseen sh!t can sometimes hit the proverbial fan. That is when I will BUY! I hope that answers everything. At this point I believe this is a severely undervalued and oversold stock with great potential. See thru equity valued it at $1.25 with all concerns I mentioned already considered. If there’s anything I missed or got wrong along the way, someone please correct me. To the best of my knowledge this is the unfortunate chain of events that has taken place. I’ll keep buying all the way down because it’s my opinion that when this finally changes course it’s going to run hard.
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Potnetwork Holdings, Inc. (POTN) Stock Research Links
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