PotNetwork Holding Inc. Updates Shareholders on Scottrade Trading Status
April 04 2017 - 8:00AM
Access Wire
FT. LAUDERDALE, FL / ACCESSWIRE / April 4, 2017 /
PotNetwork Holding, Inc. (OTC PINK: POTN)
announced today that the Company has provided a shareholder update
with respect to recent concerns that have been brought to
Management's attention regarding electronic trading though one of
the markets leading discount trading platforms.
Recently, the Company discovered that during an interval of
growth when the Company had been pursuing beneficial corporate
changes, Scottrade, an online discount broker, had not recognized
POTN's Depository Trust Company's eligibility. PotNetwork's
effective trading activity on other major online trading platforms
such as E*Trade, TD Ameritrade and other brokerages is indicative
that the issue is not related to any Company compliance issues, but
only particular to Scottrade. Once becoming aware of this isolated
trading question, Management immediately and diligently acted to
assure that Scottrade had all necessary information to promptly
rectify the issue so that the stock can be traded on that platform.
If you have a Scottrade account and wish to invest in POTN, please
contact Scottrade corporate office at 314-965-1555 and request that
POTN be updated in their system as soon as possible.
"First and foremost, we want to assure our loyal shareholders
that we are as profoundly committed to the trading success of our
investors as we are to the organic growth of our Company in the CBD
industry. We firmly believe that the ultimate measure of our
success is all-encompassing. Therefore, we have taken a proactive
approach in working closely with Scottrade to make certain that the
Company has done all within its power to facilitate the speedy
resolution of this matter. We are very pleased with Scottrade's
commitment toward a timely resolution," stated Gary Blum, Chief
Executive Officer, PotNetwork Holding, Inc.
The Depository Trust Company's (DTC) Deposit and Withdrawal at
Custodian (DWAC) service provides participants with the ability to
make electronic book entry deposits and withdrawals of eligible
securities into and from their DTC book entry accounts. This
enables participants to instruct DTC regarding deposit and
withdrawal transactions being made directly thereby eliminating the
movement of physical securities certificates for transfers of
securities registered in the name of DTC's nominee, Cede & Co,
on the transfer agent's books. As a result, DTC deposit and
withdrawal activities seamlessly process transactions
electronically, whereas DTC holds legal title to the securities and
the ultimate investor is the beneficial owner.
PotNetwork recently announced that the Company had attained its
highly-anticipated goal of establishing a merchandising network of
7,000 authorized retail vendors. This puts Diamond CBD "over the
top" with its products now accessible at approximately 10,000
stores in the United States. Diamond CBD sales have accelerated
from $1,663,081.78 for the 4 quarters of 2016 to a pace that will
probably exceed $1,700,000.00 for the first quarter of 2017.
About Diamond CBD, Inc.: Diamond CBD focuses on
the research, development, and multi-national marketing of premium
hemp extracts that contain a broad range of cannabinoids and
natural hemp derivatives. Diamond CBD's team consists of hemp
industry pioneers and natural product experts, chemists and
scientists, dedicated to producing the finest and purest
cannabidiol (CBD) oils. The result is a robust selection considered
among the most powerful natural CBD oils and E-Liquids found
anywhere. For more information, please visit its website at
www.DiamondCBD.com.
About PotNetwork Holding, Inc.: PotNetwork
Holding, Inc. (OTC PINK: POTN) is a publicly traded company that
acts as a holding company for its subsidiaries, First Capital
Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond
CBD oils, and Sunrise Auto Mall, Inc.
Safe Harbor Act: Forward-Looking Statements are included within
the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements regarding expected future financial position, results of
operations, cash flows, financing plans, business strategy,
products and services, competitive positions, growth opportunities,
plans and objectives of management for future operations, including
words like "anticipate," "if," "believe," "plan," "estimate,"
"expect," "intend," "may," "could," "should," "will," and other
similar expressions are forward-looking statements and involve
risks, uncertainties and contingencies, many of which are beyond
our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results,
performance, or achievements. We are under no obligation to (and
expressly disclaim any such obligation to) update or alter
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact:
PotNetwork Holding, Inc. Investor Relations
Email:
investor@PotNetworkHolding.com
SOURCE: PotNetwork Holding, Inc.
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