POTNETWORK HLDGS I (OTCMKTS:POTN) Lets Do Some Math
So how many shares did OTCMKTS:POTN Print last quarter?
The Company announced the retirement of 300,000,000 common shares held by principal shareholders, but that wast not actually true they will be exchanged for non-trading preferred shares, so untill you know how “preferred” they are then it may be good or bad but 300m shares are NOT being retired, nothing can be said about this as there is not enough information.
What if each preferred is worth 1m shares? what if it entitles the holder to a parentage of the profits, whats left for shareholders? No one can tell you this is good or bad because there are not enough details.
Upon retirement, this reduction will bring the Company’s current issued and outstanding common shares of 569,920,485 down to a total of 269,920,485 issued and outstanding common shares, 569m really they printed 100m shares already last quarter?.
How Shareholders can cash in on POTN.
I do like to make money and see other people make money, so here is my advice if you are long POTN.
Write to or call
Worldwide Stock Transfer, LLC
1 University Plaza
Hackensack, NJ 07601
Ask them how those .003 conversions can be legal, not making acquisitions, just for informational purposes. Ask what lawyer is writing the opinions.
Securities Counselors, Inc
1333 Sprucewood Lane
Deerfield, MA, 60015
Ask them the same questions.
Ask the lawyers who Sign is the holder of the note so you can research it.
If enough of you do that you shut down that questionable conversion practice and the stock could hit 12c.
If you do nothing 10s of millions of shares will go to Sign every quarter, the preferred shares might suck up the profit or you stake in POTN and you will be left, another victim of the anonymous message boards pumpers.