GrowLife Inc (PHOT)

[PRmaniac]

Could drop below $0.005 very soon.

1. Once investors understand that, even if Cali legalizes rec, it may take 6 months to 1 year to implement the rules.
2. PHOT loses money on everything they do. It is not clear they have money to expand their losses in California.
3. PHOT has been forced to raise over $211 million from dilutive share deals convertibles/toxic financing over the years, and has little left to show for it.
4. PHOT sales/revenues are steeply declining. Market cap appears much too high to support such drastic negative growth.