GrowLife Inc (PHOT)

[ZombieSecurityAgent]

WOWSER! I never even bothered to look at that. Sterling and Hunt became filthy rich siphoning away bag holder money selling shares. I think it's pretty clear why the trading of PHOT was suspended.

But hey man, such is the way of penny land. Sure it is reasonable to assume that this kind of share unloading by upper management at such an opportune time is morally questionable. But, I admittedly don't have the education to know if there was an actual prosecutable crime committed here, or, if this behavior falls merely into the typical gray area of business as usual in OTC land. Management getting rich selling the dreams of multi baggers to bag holders is typical business as usual on the OTC. There is nothing new here to this story. Now it's probably just a matter of how the lawyers and officials play it out.

Because I have seen management exploit this gray area so often in penny land, I have doubts that the SEC will opt to prosecute Sterling assuming he covered his tracks well enough and has good representation.

Clearly he stepped aside which tells me he is content with the proceeds from his reign as CEO and maybe that is good enough to satisfy the SEC. Rather than spending big bucks trying to prosecute.

But, those stock promoters will probably spill the beans. So who knows. Could be more to come. Perhaps the SEC may want to make an example of the small fish of PHOT compared to the indiscretions from opportunists that exist in all of the markets as a whole. Yet, since the MJ sector has cooled off, the time and resources of the SEC may be better spent elsewhere.

I dunno. Just kind of guessing here. Grab a bag of popcorn and let's see how this unfolds. Sorry bag holders. I don't think this is anything other than the typical greed of management winning out over the greed of traders as it almost always plays out in penny land. Management got rich(AGAIN) Traders left holding the bag.

All just my opinion.