Monday, September 22, 2014 6:31:19 PM
The aspect of the SEC suspension the was due to misleading financial information was because PHOT valued stock distributions at two cents a share at a time when the stock had a market price of fifty cents (or more) per share. That does not constitute fraud, but is a good reason to terminate the CFO, which they did. I've already put money on Sterling not facing any legal action, and am more than willing to double down on that.
With a market value in excess of $50 million, there are few (if any) companies in the sector that could buy out PHOT even at their current value, let alone at a premium, which is more normal. Whether they survive is an open question. I bought my stock over a year ago for next to nothing. I consider it to be an investment in the same way playing blackjack is an investment. Sometimes you win, sometimes you lose. If you are good, you win a bit more than you lose. But having fun and, at worst, losing a minimal amount (if anything) is really the goal.
Recent PHOT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/23/2024 07:55:07 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 07:25:48 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:10:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:37:01 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 02/02/2024 09:22:33 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM