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Heard, though my underlying HOPE is that they have something big to announce for 2017.
Fingers crossed. This company was a bellwether for the sector. Time will tell.
What is going on with the stock right now?
I can't find news, but the current uptrend isn't very indicative that your claims are true.
I'm actually pretty happy I held a good chunk here from .008.
It looks like the entire sector is done getting beaten down?
Same boat. No movement here, gotta go.
Yup, PHOT is looking like the streets of Aleppo right now.
You raise some good questions, and there is a huge risk to take betting either way on the future of this company. Marco not only losing money in shares to sell, but losing off of shares he bought in for as well.
For the poster you mentioned, one glance at his account history is revealing of purpose. Begs the question of course, how many people besides Hegyi should go to jail for stock manipulation of this company? Last time it was hot stock ace of the money runners.
Just broke below .008.
Marco, about time to throw out your company goals for 2017 eh?
By that same logic, it will then see extreme uptrends at the beginning of 2017.
The two catalysts we need for the new year are political direction and information on 'completed deals' from Marco.
As topsy turvy as Trump's directions have been, I cannot believe he would make moves to do harm to a multi-billion dollar industry where citizens are realizing the American Dream.
It has already been proven that legalizing cannabis keeps it further away from abuse from our youth, effectively removing it as a 'gateway drug' the same as it did with alcohol.
I believe the administration will have the common sense to see there are much bigger fish to fry as far as tackling the drug problem in America.
At this point, I wouldn't bet against Trump - but the unknown is what Marco brings back to this company.
This one formerly QASP, a share selling scheme by a gal who pumped on Facebook. Lost her friends and family plenty of money from what I last remember.
Now they've got some hokey quick-e-mart looking storefront and think this is going to be worth getting traded publicly when their competitors have warehouses full.
One more bag holder MJ scheme in a sea of terrible penny trades trying to capitalize on the same hype.
They can't. There will be no R/S. just another scare tactic.
Not even the same sport, game or dimension.
Apparently old company is done and new one is taking over. Better happen soon!
The only positive that really stands out here is that Growlife isn't directly involved in manufacturing or processing cannabis. MJ stocks directly involved will be much harder hit by a Sessions negative release.
They sell supplies to perform these things, but at this time seem to be limited to growing equipment.
It would be more comforting to see if they have any global sales going on here. Are they working things to make any sales in Canada? Anywhere else in the world?
These would seemingly be questions that Hegyi is cleared to answer. Pivot to stable markets overseas when your domestic market is lacking stability.
Speaking of which, remember when PHOT was poised to supply that fabled grow facility in Canada owned by Fit*?
There has been some talk over there, but I'd never trust the CEO of that other company.
As always, we have tons of speculation and nothing to know.
I remember, two prominent grave robbers on the ihub boards. Admins who follow post-suspension stocks and told us to give up all hope.
I also remember people like OfficerK, The Apostle, Lombardi, etc. those people touted the stock to no end, and you have to wonder if it was all a dog and pony show with all these characters on either side.
As far as indicators go, yes right now very low and considered 'discount' if we can rely on some sort of company direction that can be disclosed with us as investors. I'm sure we all have many questions.
How many deals are in progress and what will their significance be?
Will Growlife retain a hold on the picks and shovels side of the industry?
Are they pursuing any other avenues to capitalize on the sector?
What is the significance of the latest form D filing?
I've both made a lot and lost a lot by investing and believing in this company throughout many years. I have resisted letting go of ALL holdings with them, but the problem I have is that investors are being kept more and more in the dark.
Let loose the dogs of pps gain!
Just read up on this company and product. Destined to succeed. People love drinking and hate hangovers!
Yup, they have 'sales' all over their website right now which will inevitably become 'closing and liquidation' deals.
I've always stood behind this company and leadership in the past, but their negligence on even informing investors on company direction is inexcusable at this point.
Marco going to sit down to an expensive steak dinner with Sterling Scott and Rob Hunt while they laugh about how they've been walking away with investor money for years.
Remember when The Apostle said those guys would get jail time? Maybe Hunt and Scott fled the country already and get monthly payments from Marco from dilutive shares.
New deals? More like failed deals and radio silence. Merry Christmas from Growlife, investors and long term believers in this company get a lump of coal and tax write offs for their losses.
Sad to see PHOT dying this way.
Return from grey sheets only to convert from legitimate enterprise to share selling scheme.
Too many people to pay off with their executives and nothing left for shareholders. Like a hungry, obese child who eats all the cookies and passes you the empty jar when finished.
One month until the new year, and not much reason to hold. Certain brokers STILL won't allow you to buy this stock because of the risk associated.
Look at the conversations taking place outside of iHub about PHOT.
Obama appears primed to reschedule before his departure, but who knows if PHOT even sees positive uptrend from this.
Analysts say in the next year it can only hit .05 near term. Yuck.
What's the current target looking like? This one appears to be having second thoughts.
Those are insanely small holdings, but holdings nonetheless.
Hopefully you are correct, and I'll be holding here as well.
However, I have seen the same story, the same enthusiasm, the same belief in uplisting all before. Each and every time I have been through this with a stock, the best sell point seems to be just before r/s.
Of course, hopefully you are CORRECT in this, but I would still consider safely treading around a r/s. They are killers, even for the best lookers.
Usually a stock pre-split will have a decent run.
Post split, the stock tends to fall GREATLY, which makes it a solid target for short interest.
Reverse splits never bode well for the future of a stock price, but the hype leading up to the split is usually enough to get you a solid return on that investment.
I'm holding, but the streets are mighty red on this one!
We're here, but it's a bad time for the sector no matter how you slice it.
The other tickers you mentioned before also suffered considerable losses in their PPS and are just now barely recovering - though may continue to close red.
Markets hate uncertainty. Serious political statements is what the sector needs. If that's what MH is waiting for, then we may be in for several more months of this.
To echo what others are saying as well, it remains unclear whether successful deals are being made or not. Is MH a new front man for a company that has devolved into simply selling shares for salaries? Or is he actually doing great work to push this company forward into profitable enterprise?
These are questions that need answers, but not as much as the politics of MJ need to be addressed in the USA. Investors are sheepish as a whole, and they need reassurance. It would be great for Trump & Co to release a statement of what they intend to do, as I expect it will be positive for the industry. If it is negative, prepare to see new levels of lows, insane short interest, and a crippling of any legitimate public traded pot company.
I'd say people here are giving too much credit to Marco for this downtrend and not enough viewing the market as a whole.
Be that as it may, good things will come in time. Question being how long will the new administration wait to take a stance on this issue? We'd be better off sending kind letters to the new president than bothering MH on twitter.
This is one of the most honest posts here. You don't run into pump & dump scams every day, but here's one with proof.
Except had you bought this stock 2-3 days ago.... you'd have a lot more money in your account right now.
I went ahead on some .009 today. The whole sector is coming back slightly. The biggest problem is uncertainty.
We are all taking a risk, but lucky for you that we are back over .01.
The possibility of a green light and a new deal keep me around, but never EVER get tunnel vision on one stock. There are many winners out there once you pick through all the bad choices. I'm just betting that this has some rise left and we're just getting started
And up she rises!
I do agree with this for the most part. They either put up or shut down. How long will these 'deals' take to execute?
I can understand the dilution in part. None of us believed this stock would see the light of day again, yet here it is in tatters and diluting is surely one of the only avenues they have against shutting down.
I disagree with raising hell on twitter and thinking that it's going to get you anywhere but blocked. Twitter never solved anything, and they'd be wise to re-establish an investor relations contact so Hegyi can do what he is supposed to and make something out of this company.
I'm not defending MH whatsoever, but am pointing to an overall trend which nervous nellies are getting panties into a twist over. There is a sick, sad 'woe is me' Whining nasal drip for those who didn't diversify into more stable stocks here. I'm in at a level I can afford to coast at, and I'm watching as the entire sectors goes down down down.
You simultaneously give Sterling Scott and gang too much credit as if this 'benevolent' share increase would all be used for the right purposes.
MH may just be a two-faced diluter with no deals in the pipeline coming through. Until he proves himself otherwise - that's the title he gets. Just better not to let your own rage blind you, eh?
You would feel the same way no matter which American MJ stock you've invested in.
Your problem with 'hell' is not unique to Growlife, but the sector as a whole right now. Too early to call it a crash, but too late not to call it a downtrend. Even previous high fliers are being grounded. If you're upset about cheap PHOT seeing lower prices, then you'd be REALLY upset if you had one that was trading at .50 and is now in the teens or below.
The problem is specifically with American MJ stocks. We all knew the risk. There are plenty of Canadian options that are less risky and I've been enjoying them more. For me, it is no big deal. Playing these takes a great deal of patience and correct timing. None of us got the timing right nor expected a Trump presidency coupled with a possible Sessions AG. That's ok and it will be alright in the future.
Stabilizing? Maybe. Entire MJ industry in free fall until our new legislative leaders figure out what they want to do here.
It's not MH's responsibility to release fluff tweets during a sector downtrend to try and save the PPS.
Right now, what the American MJ sector is seeing is called the Trump/Sessions effect.
The market does not like uncertainty, and Jeff Sessions makes MJ investors feel sick. These will continue to go down until the president and AG clarify their stance. I will be buying into a lot of MJ stocks for very cheap in the near future.
Accumulating more here!
I hate being correct at the expense of others.
At least this drop will make an eventual buyer out of me.
Wow! Amazing progress here. So much left to go.
This is 100% correct. To add to that, this could be the setting of a very BIG sector bounce back. No one knows, but that's why we all took a risk on the sector anyway.
The sector hates uncertainty and this is reminiscent of the last pot stock crash, but will likely be considered a pull back instead of a bust.
On the bright side, this will be a chance for those to accumulate or get in for a while.
People sure are getting emotional here. Trtc hit 1.40 back in the CO/WA days. It should arguably expect and increase in 2017 providing management takes the right steps.
WILL management take the right steps? They're having a hard time of it with much of the sector.
There used to be a great 'bro pumper' who would post here back in the day. I forget his name, but his exuberance was toxic. He'd claim to speak with this god emperor Derek Petersen all the time - that such big things were coming.
Maybe they are? But it pays to be skeptical - even more so when you see the volatility. Companies can't claim gains from MJ sales yet, so what good will selling product do? They need a broad sweeping plan here.
Last pop was stalled by a puzzling suspension. I think the sector will rise in 2017 no matter what. Consider that many states will have to decide on the lengths of the laws that will carry through.
Even Florida won't be fully legislated until March.
This time, we don't have suspension fears for the future, but we also have a much more boring and less gimmicky company. That can be good and bad, but I'm hopeful because none of their previous gimmick items played out.
I believe Marco is pushing forward on a more tech related and pragmatic business approach. I also know that people who were here for last pop got used to seeing PR after PR and not all of it was good content. I can tell that many investors are bored, dismayed and hungry for any news.
I think Marco is better in that respect. Holding his cards close instead of pushing fluff PR to pump the pps - which would honestly be a sign of worry to me.
Grow equipment that caters to the industry as a whole will be very much in demand, whether small - medium - or large scale.
We have a ways to go, and a lot left for them to prove. I have no reason to sell and will continue to see this as a more stable play in the sector as a whole. Maybe not the BEST play, but certainly a good thing that they are well based in equipment. I'll be diversifying, but watching Growlife development very closely.
Which ones exactly are blowing up? Of the ones up today, it is between an increase of .01% and 10%. Not much going on in the sector right now.
Finally someone agrees!