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kayakzz: yes, agreed - high level staff dump, then RS - a few of us alluded to this scenario yesterday AM - ironic that this occurred the same day.
2B new shares going to our new appointees ? - well there's a surprise - I (we) just talked about this in the AM today, and poof here they are, new guys that need new money I'm sure - how about another quirky announcement to run this up to .003 so these guys can collect a bonus this week... just in time to crash and put forth a 10-1 reverse split. I'm following the BLTA staff out of this mess - full FAA style evacuation at .003 - .0040
Chasing Rainbows ? Baltia's a professional at it, and it sells shares - keep that carrot just beyond the donkey's nose ....
Agreed - looks like holding at 2ish until then - all of the gamblers are in ... (myself included)- my guess is between now & June 2016 it`s off the greys.
Nice - good to see some bright bulbs here ...
Additional 2 Billion shares - at .0030 = 6 Million $ - prediction - these |new| shares are handed out in lieu of pay to top BLTA employees, a quirky announcement arrives to drive this stock back to .003 (perhaps slightly higher) - staff and others slowly sell off (perhaps a few more quirky announcements to keep the BLTA share price buoyant) then she drops like a stone back to .0010 ish - then the dreaded reverse split happens - has to be a 10-1 minimum split (most of these companies run with 750 million shares (approx.)USAF for example. We all know nothing good ever comes from a RS - BLTA then goes the way of the dinosaur. BLTA is a professional procrastinator (meaning they make money from continually dinking around and chasing rainbows - 20+ years and counting - do you really need more proof !)
Moral of the story - get out at .0030 - .0040 (with the rest of the BLTA staff) ...run like the wind and never look back.
You heard it here first.
Email PHOT questions here - PR@growlifeinc.com
Usually answer within 48 hrs - ask anything you wish - just remember, be pleasant ....
Not sure on MM - if you reach out to CEO he will answer you quickly - I can do it later in the week
PR@growlifeinc.com
OTC Ruling/GreyMarket - CEO Report (previous posts) suggests we are on our way ...
OTC Markets will resume the display of this security’s quotes once adequate current information is made available by the issuer pursuant to the Alternative Reporting Standard or by the SEC Reporting Standard, and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use caution and due diligence in their investment decisions. Please read our Investor Protection page and OTC Markets Policy Regarding Caveat Emptor for more information.
http://www.otcmarkets.com/stock/PHOT/quote
SEC Market Maker Def: Market Maker
A "market maker" is a firm that stands ready to buy and sell a particular stock on a regular and continuous basis at a publicly quoted price. You'll most often hear about market makers in the context of the Nasdaq or other "over the counter" (OTC) markets. Market makers that stand ready to buy and sell stocks listed on an exchange, such as the New York Stock Exchange, are called "third market makers." Many OTC stocks have more than one market-maker.
Market-makers generally must be ready to buy and sell at least 100 shares of a stock they make a market in. As a result, a large order from an investor may have to be filled by a number of market-makers at potentially different prices.
https://www.sec.gov/answers/mktmaker.htm
PHOT's Market Maker working away ..
GrowLife and its market maker continue to do everything we can by working with FINRA and openly answering every question they ask. Currently, we wait on FINRA to approve the market maker entering a quotation. The market maker has made five submissions to FINRA and answered all their questions with our support; the last one request for information was received from FINRA 13 weeks after we responded to their previous request. We responded to that request within a few weeks. The normal turn around cycle for FINRA to respond is two weeks, yet it has been 13 weeks for us. We believe that as GrowLife shareholders, you are entitled to understand why the process is taking as long as it has. If you would like the stock to be trading again, then keep in mind that it is up to FINRA, and not GrowLife, to approve trading by a market maker.
Return From Grey PHOT - Return From Grey Market - from CEO
Trading
Following the SEC trading halt last year, GrowLife has been trading on the grey market. In order to get trading on the OTCQB again, FINRA must approve a 15c2–11 filed by a market maker. Our market maker has been trying since August 28, 2014 to reinstate trading in the stock. If you are a shareholder and have questions regarding the delayed approval, you may want to reach out to FINRA and ask them.
GrowLife and its market maker continue to do everything we can by working with FINRA and openly answering every question they ask. Currently, we wait on FINRA to approve the market maker entering a quotation. The market maker has made five submissions to FINRA and answered all their questions with our support; the last one request for information was received from FINRA 13 weeks after we responded to their previous request. We responded to that request within a few weeks. The normal turn around cycle for FINRA to respond is two weeks, yet it has been 13 weeks for us. We believe that as GrowLife shareholders, you are entitled to understand why the process is taking as long as it has. If you would like the stock to be trading again, then keep in mind that it is up to FINRA, and not GrowLife, to approve trading by a market maker.
Reporting
Despite our lack of capital, GrowLife management has pushed to keep up with its financial reports because we strive to return trading to our shareholders. We are in the process of bringing all our filings current. The recent financings have provided GrowLife the necessary funds for the company to complete the reporting process. Public reporting costs hundreds of thousands of dollars to accurately report. Our 10-K for the year-ending December 31, 2014 was filed on 9/30/15, our first quarter 10-Q was filed on 10/14/15 and we plan to file our second quarter 10-Q shortly along with an S-1 registration statement
Back to 80 cents ? 8 Mil.+ in sales currently and growing (as per report from CEO)
Dear Newbie - you are correct in your assumptions - here's how to work these little gems (I have a few similar - BLTA for one) I bought USAR at .0011 - .0015 - once it hits the double mark I sell half and recoup my initial investment (and go buy another)- I began with approx. $1000 about a year ago and found this method works well. Because I sold half at .0030 my investment in USAR is now at no cost to me - if it tanks so what - if it runs...bonus. Always check it's highest level (history of stock price) in the last 5 years (if avail) - find the hallway mark (example if all time high was 5 cents at 2.5 keep a close eye) - when you get close to that mid-range sell the rest of it (make changes based on your DD of course) but this method should serve you well.
Return From Grey Market - from CEO
Trading
Following the SEC trading halt last year, GrowLife has been trading on the grey market. In order to get trading on the OTCQB again, FINRA must approve a 15c2–11 filed by a market maker. Our market maker has been trying since August 28, 2014 to reinstate trading in the stock. If you are a shareholder and have questions regarding the delayed approval, you may want to reach out to FINRA and ask them.
GrowLife and its market maker continue to do everything we can by working with FINRA and openly answering every question they ask. Currently, we wait on FINRA to approve the market maker entering a quotation. The market maker has made five submissions to FINRA and answered all their questions with our support; the last one request for information was received from FINRA 13 weeks after we responded to their previous request. We responded to that request within a few weeks. The normal turn around cycle for FINRA to respond is two weeks, yet it has been 13 weeks for us. We believe that as GrowLife shareholders, you are entitled to understand why the process is taking as long as it has. If you would like the stock to be trading again, then keep in mind that it is up to FINRA, and not GrowLife, to approve trading by a market maker.
Reporting
Despite our lack of capital, GrowLife management has pushed to keep up with its financial reports because we strive to return trading to our shareholders. We are in the process of bringing all our filings current. The recent financings have provided GrowLife the necessary funds for the company to complete the reporting process. Public reporting costs hundreds of thousands of dollars to accurately report. Our 10-K for the year-ending December 31, 2014 was filed on 9/30/15, our first quarter 10-Q was filed on 10/14/15 and we plan to file our second quarter 10-Q shortly along with an S-1 registration statement.
Lawsuits Settled - From CEO - Read more below (link)
Settled Lawsuits
On August 17, 2015 the U.S. District Court formally dismissed the last pending lawsuit against GrowLife. This means that all three of the Class Action, Derivative and AmTrust insurance company lawsuit settlements have been approved. The resolution of this litigation is a major boost to restoring the normal operations of GrowLife and returning our focus to shareholder value.
Four outsiders accused of manipulating GrowLife’s stock, see pages 17–20 for specific actions in SEC Complaint, led to “116. On April 10, 2014, the Commission suspended trading in PHOT securities.” Throughout this process, the SEC has never informed GrowLife it was under formal investigation and we have not received information to indicate that any of the trading manipulation of GrowLife stock involved company management or insiders.
To protect shareholders, regulatory agencies will typically halt company trading quickly if they suspect that the stock has been manipulated. Unfortunately, they do not always approve the return of its trading status quickly. We hope that the filing of the S-1 registration statement is another way for GrowLife to show the SEC directly that the company is ready to be trading again.
On the company’s side, precious time and funds were spent that could have helped build the company. Likewise, many of our over 17,000 shareholders participated in the lawsuit, but not many may feel rewarded. The US District Court approved the class action settlement on August 3rd and approved the derivative settlement on August 17th. The lesson learned here is that you have to pick your battles. Even if you believe they have no merit, it is better to get past them and get back to business.
medium.com/@hegyi/discernment-637a47e2c646#.z6lz8v9je
Why Buy The Cow - when you can get the milk for free? And now they've introduced another Billion Plus PLUS gallons of milk at no charge - interesting game - been going on for decades - I'll ride the wave back to .003 - 4 then toodles. I'm guessing the plane will be repossessed just short of final FAA approval. Then the gang will start up another airline, Baltia 2 the sequel.
Recent CEO email to me .. he's the real deal - very confident we are on our way now
looks like PHOT is pulling out of the grays very soon (my opinion via report below) I bought more recently using Qtrade (had to call in the order)
Mr. XXXXXX,
GrowLife is fully SEC reporting and management continues to work at returning shareholder value. Greners and other sales-oriented communication channels are for revenue transactions. As a shareholder, information for investors can be found by reviewing the public SEC filings at:
sec.gov/cgi-bin/browse-edgar?company=growlife&match=&filenum=&State=&Country=&SIC=&myowner=include&action=getcompany
If you wish to read my recent update on the company status, it can be also found here:
medium.com/@hegyi/discernment-637a47e2c646#.z6lz8v9je
We have thousands of shareholders, many who correspond with us, and we cannot always engage with them as much as we would like. The best way for me to keep you informed is to follow me on Twitter @marcohegyi or LinkedIn, where I notify followers of updates, including key SEC filings.
I hope that the SEC filings and blog posting, which is a bit detailed, address your questions. I am grateful for your support and, as you will read, hope to return value to your shares.
Best regards,
Marco Hegyi
Russian Mob Reference ... ??
Igor gone ??
Could they be Right ?
Topic: RE: Baltia To Fly JFK - Russia
Username: WJ
Posted 2006-05-23 15:31:33 and read 5475 times.
Doesn't anybody see that this is a front company for the Russian Mob? This airline exists only on paper and will never fly. Just a way to launder money by fake investment and fake "operational" expenses.
http://www.airliners.net/aviation-forums/general_aviation/print.main?id=2787050
New here - not to Baltia (owned for about 18 months averaged in at .0026) ... 7 + billion shares out - no one sees this doing a reverse 10 to 1 split ? (example, 7 B at .002 = $14 Million or 700 Mil at .02 / share = $14 mil. - I've had several split and it's never a good sign) Most of these stocks have about 700-750 mil. issued not billion(s) (that I've seen - correct me if wrong - I own some others US Restaurant Funding USAR for one - 750 Mil. issued, going through a merger now) - any and all comments / opinions welcomed.