PotNetwork Holdings, Inc. Withdraws Form 10 due to Unrelated PCAOB Action Against Its Auditor - Refiling Planned
July 22 2018 - 3:26PM
InvestorsHub NewsWire
PotNetwork Holdings, Inc. Withdraws Form 10 due to Unrelated PCAOB
Action Against Its Auditor – Refiling
Planned
Ft Lauderdale,
FL -- July 22, 2018 -- InvestorsHub NewsWire
-- PotNetwork Holdings, Inc. (OTC
Pink: POTN) announced today that the Company on July
20th filed a request with the Securities and
Exchange Commission (“SEC”) for the SEC to issue an order to allow
the Company to withdraw its Form 10 Registration Statement and its
exhibits filed on July 13th (collectively, the
“Registration Statement”). The Company plans to file a
revised Registration Statement as quickly as
possible.
The Company
made the request after being informed by its auditing firm,
East-West Accounting Services, LLC, Princeton, Florida, that it had
lost its PCAOB certification as a result of a PCAOB disciplinary
order specific to deficiencies in an audit conducted in 2015 for an
unrelated Dallas, Texas
company.
The withdrawal
request was not the result of any discovery of accounting or other
irregularities or issues with the Company’s filed Registration
Statement. A new PCAOB member accounting firm will be announced the
week of July 23rd to re-certify the Company’s audited
financial statements to be included in a new Form 10
filing.
About
Diamond CBD Inc.: Diamond
CBD focuses on the research, development, and
multinational 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, doctors 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,
tinctures, edibles, and vape liquids found anywhere. For more
information, please visit its website at www.DiamondCBD.com.
About
PotNetwork Holdings, Inc: PotNetwork Holdings, 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.
Safe
Harbor: 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 our 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 such as
"anticipate," "if," "believe," "plan," "estimate," "expect,"
"intend," "may," "could," "should," "will," and 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
Holdings, Inc. Investor Relations: Marisol
Elwell
1-800-915-3060
investor@PotNetworkHolding.com
Potnetwork (CE) (USOTC:POTN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Potnetwork (CE) (USOTC:POTN)
Historical Stock Chart
From Apr 2023 to Apr 2024