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Good points.
There's a certain amount of fervor that goes with this business. Some People cannot separate their love of the product and their loved ones and looking at this objectively as an investment. Nor should we expect them too. Just pointing out there will be a segment of shareholders who's sentiment will go way above rationality. That will be reflected in the price. I'm sure the leadership knows this.
Thank you for continuing to try to post. Freedom of information!
Go PHOT!
'May' is the word here. These guys have founded and sold large companies. They control the JV. They will see how the JV is performing. If it performs well they will not sell their stock. That's how people become wealthy folks. Think please.
Agreed: as NRC is well aware, one of the core strengths of this company are the attorney executives who have spent decades understanding the state and federal regulations regarding Cannabis. They are active patient advocates and have participated in leadership roles helping write the laws in such stated as Massachusetts and Colorado.
Where is that :)
Possible but not probable outcomes. Read my posts
You sure did. I flew F14s after getting a systems engineering degree from the Naval Academy and then became an ob/gyn with a MPH. Now getting an MBA- it's been the best transformative experience. I'm glad I did it in the order I did.
Disagree in the sense that my personal screening criteria is to buy shares in the OTC that are fully audited and reporting. I think their is an ethical component of honesty, respect, and the sharing of information that is invaluable.
I think the advantage of a MBA is the classes in strategy, ethics, leadership, case studies, operations, entrepreneurship, and just hanging out with multimillionaire founders and investors and CEO's who tell the coolest stories. It's invaluable.
I beg to differ. It's safe to say that non reporting companies are at extraordinary higher risk, hence the laxity of the Pink sheet rules. NASDAQ requires SEC 3rd party audited filings not only because of the reputation of all the entities concerned, but because it protects the shareholders due to the much lower probability (and risk) of financial anomalies.
There's always uncertainties in life. In business, risk can be mitigated. Third party fully audited SEC filings help mitigate that risk, compared to non reporting entities. There are always outliers like ENRON but it is illogical to conclude that filing companies are ENRON. Basic logic.
Old news. From the perspective of a physician with a MBA from a top 5 program in the world, I may appreciate a different point of view. Thank you for sharing your perspective.
That's why he is controlling JV operations. They need business people and he will get them and 3 members of the board that will tighten up the governance structure if this fine company.
Wrong on most counts. Have you read the 40 page SEC filed JV agreement. Ivy League lawyers of a peer reviewed Preeminent rating constructed this deal. Investor of $40M is well known, Fortune 1000, founded and sold large companies. Perhaps you want to read my posts from the perspective of a MD/MBA.
Because they got $40M capital for financing their Opportunities. No other company has this clout.
Clearly the advantages of having 3rd party fully audited and filed SEC statements like PHOT would disentangle this mess, lower the cost to investors in their time and effort in doing DD--and therefore increasing the value and demand for their shares. Again, elementary. Integrity always wins.
And- since he will control the JV he will know how the deal flow is going. Would he sell his shares if PHOT is doing well. Of course not. Elementary folks.
One thought. Another thought is they expire in five years and this $40M investor who has founded and sold large companies won't sell immediately because he is smart. Imagine that.
The key word is 'when'. You guys know they are warrants.
Dude he's 57 yo, year of the monkey. And it's Sterling Scott. LOL
Bottom line: lots of uncertainty surrounding this company. The more we tried to defend it, the more certain people become of the myriad of sordid details that infect the culture of the company.
Growlifeinc has a great website for investors that has all their fully audited, SEC filed statements.
Here is the annual report that lists all their directors and officers.
http://www.sec.gov/Archives/edgar/data/1161582/000130841113000055/photform10k123112.htm
HOW WILL THE SCAM BE EXPOSED
Yes
This is leadership and culture of one of the leading companies in the space. Why do they have a leadership vacuum?
Again- why can't they fill their positions. It's seeing the forest thru the trees.
There has not been a complete board if directors for months? Why?
Haha. That's not a leading tracker- unless you might be referring to the trend line.
That would be the logical conclusion for many accredited investors who look for integrity as a necessity to share their resources in the form of purchasing shares of the company. In the same way, if the company cannot find the best and most talented senior executives, one can only imagine they have made the same conclusion and are hesitant to share their resources in terms of time and energy.
Good point. We need to tell them to fix it, it's annoying to buyers. Not sure why they haven't for months.
Why don't they have a CEO and filled the director slots?
Instead- we have the reverse. We actually have the SEC inquiring about this company. Not good for branding. Not good for reputation. Not good for investors.
Would answer a lot of questions if they did. Branding is about reputation. In this industry we need the best reputation to attract investors. It's really that simple.
Just an observation of the number of questions that have been raised consistent. Why is MJNA not filing audited quarterly reports to the SEC?
Makes sense. Bottom line is there seems to be a consistent pattern of suspicion in regards to the decisions and transactions the organization, and especially the leadership has executed. That's not good for branding.
Bottom line, lawsuit is not good for branding.
It's still really slow, not sure why. Been like that for months.
We are definitely in a continued bull market with the macroeconomic conditions.
I wanted to know about whether there is a leading tracker of sentiment for a particular company. Would really be useful for trading.
Is that for me? I'm a long obvii
So we are playing into their hands. Fine, I want the stock to go up :)