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On March 24, 2014, Sellers, RXNB, OGI and the Company agreed to extend the closing date of the RXNB Agreement to April 4, 2014. Additionally, Sellers and RXNB agreed to withdraw their lawsuit against the Company and OGI without prejudice.
Pots are being stirred for Monday I see.
I see, so this is the Form 3 that needs to be filed when adding a new Director. I thought this would have been filed a while back when it was first announced.
I'm confused as to why this would get filed. It looks like there are no exchanges of shares here. Is there someone wiser than I that could explain why this would get filed?
http://ih.advfn.com/p.php?pid=nmona&article=61639940&xref=newsalert
Thank you sir for the Q1 clarity.
Regarding the 04/05/14 date for the Q1 numbers, I have not heard any certainty for that date yet. I will worry about it after I see Q4 and Fiscal year. If anyone happens to know better than I about Q1, please do let me know.
Really interesting here today.
Sterling has stated to myself and multiple others that financials will release on or before the 31st. Just like last year. I suspect it will be in the morning. It will be tough for me to go through the earnings report if it is. Too much going on Monday mornings for me to be able to do so. I'll need to reply on the posters here.
I find it interesting how well we are holding up and our fellow members analysis of upcoming earnings. Even if earnings are not 'good' I suspect Sterling has some strong news and G.I.F.T deals to announce along with earnings. I'm becoming more optimistic about what we will see Monday.
The situation with C@NN is very good for PHOT in the long term. Once the fraud and drive by night MJ companies are weeded out, that money will come to PHOT.
Exciting times for us long term investors.
Kristi, does your cocktail mixer coincide with GrowLife event I have not caught wind of yet? I plan on joining future meetings.
Like clock work, bounces off the 50 RSI. Nice job.
I would appreciate any of our more expert FIB members letting us know what they see from here.
Thank you team PHOT.
Once again, just like last time, the usual sociopathic suspects are out in force today.
If there is anyone new to the PHOT investment; please do the following:
* Look at the post history of these people and you will definitively see that they are always wrong calling PHOT movement. They are here to only spew negativity and fear.
* Ask yourself; why would anyone waste their time posting on a board about how bad a company is if they do not hold a position? It certainly isn't out of the goodness of their hearts.
There are plenty of people here that have been invested with GrowLife for quite some time and got in sub .06 . These are the people that post regularly and, for the most part, post with integrity. Read their posts and ignore the noise.
As always, do your own DD. It's important to recognize the risks with what you're buying into. Investor relations is always quick to respond as well, feel free to ask questions to them.
There are no guarantees in life, but there are calculated risks worth taking. For the past year, in my opinion, GrowLife is one of those worth while. As such I have been duly rewarded and am confident I will continue to be rewarded in the months and years to come.
It seems we go through this every time we complete a FIB.
People freak out. No idea if these are folks that don't study what they invest or if it is just fear mongering.
It makes sense why most people are not successful at trading if that's the case.
Too much A.D.D and too little study.
Look at the chart that is posted clearly for all to see.
Over buy - Over sell - corrects up - consolidates
Rinse / Repeat
PHOT has been trading this pattern for 6 months now.
Follow the 50 MA, it keeps moving up and has been a major support point for PHOT.
Good day fellow GrowLife friends.
Looks to me that we are completing the FIB as expected. We usually bounce of the 50 RSI when we complete FIBs and that's what we seem to be doing here.
I am not a FIB master like our troop of Monkeys but have been learning along the way.
I'm glad to see our disagreement with RXNB is being resolved amicably.
We should see consolidation then make our next move up if the pattern holds. Have a pleasant day everyone.
Wait, are the bashers now using FITX as a reason we should all run and panic again? This is deja'vu . Last time we completed a FIB and were consolidating they were using the same misleading arguments.
Good luck with that.
I agree with you to some extent. I do not like the pumpers, frankly I hate any post without substance or rational discourse. That being said, It's natural for people to want to flock towards positive people vs. the negative ones. Bashers by the very nature are negative people who seemingly are looking for ways to hurt peoples investments. Sociopathic behavior.
Pumpers are like 10 year olds who just got that awesome toy they were waiting 3 whole months for. It's annoying but not damaging to others. As a result people will be more tolerant of it.
I know GrowLife is where I want my investment in this industry. No amount of pump or bash will change that. Leadership and fundamentals are what I look for.
Good article and some heat on sites like SA.
http://finance.fortune.cnn.com/2014/03/20/seeking-alpha-dreamteam-news-sites/?iid=HP_River
FORTUNE -- Stock promoters have a new way to play the new media game.
In the past year or so, several finance websites -- including Forbes.com, Seeking Alpha, Wall St. Cheat Sheet, and others -- have published articles by authors who were allegedly paid to promote the stocks they were writing about. These articles were not labeled as advertisements and carried no disclosures that the authors had been compensated by their subjects. In fact, on at least one of the websites -- stock blog Seeking Alpha -- the articles carried a disclosure stating the author had not received any compensation from anyone outside of Seeking Alpha to write the article. Seeking Alpha now admits that some of those disclosures were inaccurate.
*It should also be noted that I NEVER respond to the known sociopaths on this board* I have most on ignore anyways.*
Honest question, which 'leaders of the industry' did you see fold like that in a quick period? Referencing "Sadly, what appeared to be the best stock in the sector usually ended up being a scam. "
Curious for the sake of learning something new. I enjoy being schooled in points of view I may be missing.
Thank you.
There is no clear leader in the budding MJ sector yet, I believe GrowLife will be one of them, hence my investment.
"Feels good to be a gangsta". Feels like it was so far away when I first researched GrowLife and I purchased for two reasons. Picks/shovels and the leadership. My ONLY regret is that I did not have more money to buy shares in the .03 range at the time.
We will be saying the same once we start hitting the dollars, then the teens in the years to come.
With respect, to call 130 million or 1.3% of the 2012 Colorado budget a "drop in the bucket" far understates what cutting 1.3% of expenses or an increase of 1.3% of revenue means to business and government alike. This is also short sighted and it appears you are neglecting that this is a brand new industry, one that will continue to grow and find new avenues of related revenue. Which in turn becomes tax revenue. This also neglects the contact 'high' other businesses will feel from a brand new industry. No matter how you try to spin it, this is a win win for everybody.
Is it wrong that your post tickled me just right? LOL
Seriously though, everything you're saying is spot on. PHOT is for the patient and the wise. 2014 and 2015 will be really good to us longs.
Wait, what? Are you being intentionally vague? Or perhaps I simply don't understand.
1. They are "gobbling up the float" ? What does this mean?
Edit: I understand how the float works, are you saying they are buying back shares? Wouldn't this need to be public knowledge for a fully reporting company? Thank you.
2. How exactly will I pay dearly? Are you saying I should sell all my shares and run like a bat outa h e double hockey sticks?
Are you confusing me with someone who is short or bashing? Please elaborate, I apparently need to be schooled.
*all serious*
About what part my fellow long? If there is something I have incorrectly stated I am more than happy to hear an educated opposing view.
It's been a while that someone has slapped some cold knowledge water in my face from these boards. Thank you for that.
I did not at all consider the socioeconomic comparisons being factored into earnings. Thank you again.
That's my feeling as well. I don't think any single person on this board, pumper or long, believes we will have great earnings. Will we see significant revenue increases? Absolutely, given the trend this past year I see zero reason to believe otherwise. The big ? is expenditures and profits/losses. If we see significantly reduced losses I can see PHOT holding strong at the current levels. If we see even a little bit of profit the PHOT sky would be the limit. This would signify immense strength and capability in management. I know that Sterling previously said he is dedicated to bringing GrowLife into the black in 2014. When in 2014 was not mentioned. I don't expect it to be for Q4 reported this month or the first half of 2014.
Dilution is not something I'm concerned about seeing in Q4, we all know it's going to happen or is happening. GrowLife has been very open about this.
This is not an attack on your post but rather a legitimate question.
What makes you think earnings are going to be so bad to warrant a 50% drop?
We would be talking going back into the .20s which seems unreasonable given the technicals and the deals that have been made.
Thank you in advance for an answer.
I am a bit weary of earnings but not so much that I think it will be a huge sell off. Thankfully we will likely get the earnings during closed market hours. I can digest it and see if I will sell half and pick up some more free shares. That's still some weeks away, there is time to set the stage.
- On a side note -
The pumpers are getting on my nerves almost as much as the bashers. Almost.
- End of side note -
I look forward to hearing/watching the interview and seeing what Sterling has to say. I have little doubt this sector will get a boost next week. The cards are lining up again.
Crazy talk.
You're assuming that:
1. GrowLife will issue all 3 billion shares.
2. They won't do a buy back.
3. They won't reverse split.
You're also implying that GrowLife only deals in light bulbs and growing tools when this is VERY CLEARLY not the truth.
You are forgetting or omitting:
1. Kiosk
2. G.I.F.T
3. RXNB ownership
4. CEN deal
and the other hinted projects. GrowLife has clearly stated and shown to all of us that they want to be an A to Z solution for the industry.
But, even so, let's talk about market caps as a way to value a company in a bullish industry.
TESLA - Market cap of 24 billion currently.
General Motors - Market cap of 57 billion currently.
You're going to tell me that Tesla is actually worth 24 billion? Half of GM? No, it clearly isn't but people don't trade on the current value of a company. They trade on what they feel the future value of a company is.
Let's try another one.
Netflix which has just recently begun reporting profits and has a market cap of 26 billion. It's P/E is a whopping 236 for a company that reports an EPS of 1.8
By comparison, Apple - which is an insanely profitable company - has a P/E of 13 with an EPS of 40.3 and a market cap of 485 billion.
I agree that it's important to look at market cap but it's by far not the only factor. ESPECIALLY in a bullish industry.
GrowLife leadership are on record saying that they are focusing on reporting in the black for 2014. If they achieve this, I can only guess how bullish and how high this stock will go.
Watching Alan now.
Check out this Google Trends chart for GrowLife and PHOT over the past 90 days.
http://www.google.com/trends/explore#q=growlife%2C%20phot&geo=US&date=today%203-m&cmpt=q
Let's see how it changes in the next 90.
Ok, you have me laughing hysterically. LOL
Let's see if I can replicate some of these roaches.
GROWLIFE FULL OF DILUTION AND SEEING TEENS MONDAY DONT COME CRYING TO ME WHEN I TOLD YOU SO. THERE IS THIS THING THAT HAPPENED LAST YEAR THAT ILL MISREPRESENT AS NEW NEWS. CEO IS DEAD. BOARD OF DIRECTORS ARE CIMILNALS. THIS IS A SHELL COMPANY WITH NO PRODUCTS. LOOK AT WHAT SEEKING ALPHA SAID!
But how can this be up? Our saviors have been saying for three weeks now that we were crashing back to teens! How can this be!?
Let's see what AB has to say tonight. Should be interesting. Another green day for GrowLife and here I thought we would end on a slow red day. Go figure, shows everyone you never know when news about this industry will hit and shorting is just playing with fire. *for now*
I'm back in my home office, long day.
I posted this from my "oh sh!t I have to make a dummy account to share this" user name: "EngageFactor" .
CNN Story is a very good read for GrowLife longs and helps understand the legitimacy and importance of the RXNB deal.
http://tech.fortune.cnn.com/2014/02/12/marijuana-manufacturing-2-0/?iid=HP_LN
Meanwhile, up north, just outside of Detroit, Sam Alawieh, CEO and founder of the pharmaceutical company RXNB, has developed closed-door climate bay technology to replicate the exact environment of 50 different strains of marijuana in a controlled and sterile manufacturing environment. Alawieh, whose background is in pharmacology, has 32 patents pending on marijuana-related technologies. "People have been focused on access," he says. "But the second wave evolution is about predictability and accountability."
- This is important to understand; how crucial patents like these are. For example, why do you think a Dinosaur company like Kodak is still around? It's patents are salivated over. http://www.nytimes.com/2012/12/20/business/kodak-to-sell-patents-for-525-million.html?_r=0
It's the same reason why Google purchased Motorola. For its patents. Never underestimate how important this purchase could end up for GrowLife. It's very clear that there should be no question that RXNB is a legit company.
Something I found interesting and very bullish. All the companies represented and interviewed, save for one, were GrowLife or connected to GrowLife. If that doesn't tickle you in all the right places or set off your Spidersense, I don't know what will.
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Today's trading volume: I don't pretend to be a very good tech trader, so I will leave it up to our resident Troop of Monkeys to confirm if this was a good, bad, or neutral thing.
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Question asked earlier of me about how likely I think GrowLife will join NASDAQ in 2015. In percentages.
I would feel more comfortable answering this question if I had Q4/Year end financials, but as it stands I have felt it was a greater than 60% (pulling a number out of my rear) chance that at the end of 2015 GrowLife will join the ranks of the big board. I get to this conclusion based on what we already know and on how I see the big picture unraveling.
Some time ago I posted about my vision for where GrowLife will head.
I stated then that I think they are building a franchise monster.
Earlier this week there was talks that some analysts/bloggers believe that GrowLife will have 50-60 stores open by 2015. They best way to aggressively expand in a hot market is to offer franchising. Their recent hiring(s) that feature experts in real estate and integration is a sign in my eyes. Also, their aggressive build out of core products lead me to believe they are setting up for franchising. If this is the case, along with the recent acquisition/partnership deals, then I see no reason for 2015 to be the year it happens.
Good evening fellow GrowLife shareholders. \
Seems our "Saviors" did a poor job of saving us from a green close on the most anxious day to date for GrowLife investors. Well done fellow longs.
I flipped and added to my position today at .305 , using some of my profits from other plays I made earlier in the week. It was a small addition to my position, 3000 shares + another 8000 from the flip. I like being diversified in several sectors of the economy and do my best to never break my trading rules. I'm also keeping trading liquidity just in case.
I was thoroughly impressed by the 88% shareholder approval rate. This shows how serious we are about being THE cornerstone and brand name of the MJ industry.
I was surprised and impressed by a green close having not gotten any big news from the shareholder meeting.
So, what now? Now we wait. The roller-coaster ride isn't over yet but we got through our toughest trading days with but a scratch. Next week we are due to get Q4 and Annual financials. I'm basing this off past financial release dates. Some on the board say we will be getting news of some sort Monday. Not sure where the information is being retrieved from, but for the sake of new investors let's try to keep speculation at a minimum or at the very least be clear that it's speculation and not make a 'matter-of-fact' statement. I know we're all excited but let's try to not resort to the same tactics as our "saviors".
I still have a 2014 target of $1.00 and considering how strong we are doing at these levels, I think it could be achieved sooner rather than later; highly dependent on Q1 and Q2 releases or some sort of shattering industry news.
Exactly. It's the rational, studious, committed mind that wins this game. This is such an exciting time to be a shareholder in this industry because the rewards are potentially limitless.
So many new "Saviors".
The fundamentals did not change from yesterday to today. We longs know this is a long term play. Many of us purchased in the single digits. We don't care about short sighted sells, we have been through this many times before and we will go through this many times more. We have informed conviction which carries more weight than "CAPS COMMANDERS" and three day old user names. We didn't hop on the POT train, we were on it long before December 2013. We had more than ample time to do our due diligence on all the names out there and we know the real ones from the shady ones.
You want to sell? by all means do so. There is absolutely nothing wrong with taking profits. But for the dishonest bashers who so selflessly come to "save us". A few years from now when us longs get together we will be laughing remembering these days. Just like I am laughing all the way to the bank with my AAMRQ play from last year.
Why does anyone care about a 10% pullback if you are long? Did you buy not knowing what you were buying? Who cares about ANOTHER hit piece. Get used to it, it will happen over and over until GrowLife matures. Even then, it will probably happen. These are the same people that claimed Tesla was going to 500 dollars. These are the same people that claimed American Airlines shareholders were getting screwed in the U.S. Airlines deal when the complete opposite has and is happening.
We expected a pull back after 9 green days out of 10. Our troop of Monkeys told us consolidation would happen.
I for one am excited about tomorrow and expect some red unless we get some morning news to wet our beaks before the details are discussed in the shareholder meeting.
For those talking about the after market trades: I see this as well.
After Hours: 0.400 +0.057 (16.76%)
To our "Saviors", feel free to go troll another MJ stock. You will find no converts here.
All our "saviors" came out in force today to save us from our shares of GrowLife. GrowLife shareholders once again proved that this is not the place to bring their lies and deceit. Our long shareholders know what we have in GrowLife.
For the record, I mulled over the recent news and filings. I have read our resident troop of Monkeys posts and some of our other knowledgeable contributors. As a result I voted yes this morning for the share increase.
I am beyond impressed with the solidarity and strength GrowLife shareholders have. It should make our "saviors" think twice before trying to prey on this group.
Like many of you who are new here I was looking into this company over the weekend because of its connection to PH0T. On a technical level it also looked VERY nice. After reading up on the limited information that was available, I decided to take a big gamble and placed a small order for 500k shares at market open.
Boy am I pleased that I did. However, that being said - this is a pure momentum and speculation play. I am adjusting my stop losses every evening based on how it moves these next few days. I don't want to be caught losing it all just as quickly.
I will be writing to the companies investor relations to ask about their marijuana marketing plans. My interest has been peaked. With the big markets being just awful, I will likely be focusing on some penny/small cap plays for now.
It's so hard at this point to guess. So much is happening so quickly leading up to the Feb. 7th vote and shareholders have had plenty of time to soak it all up. It would be irresponsible for me to say yes or no.
However, if it were me and I had no position, I would just buy in. The thing is, for me, as i see the company now; this is a multi year investment. As it stands I will not sell until all 50 states are legal. That's not say I would not look for opportunities to flip for free shares. Even then, I will only sell a max of 50% of my holdings to do so.
I don't freak out over gains or losses if I have done my proper due diligence. It would take some massive sell offs for me to ever see red with PHOT. I've been in since .03s with buying on the way up using some of my profits from other market plays. At this point I wont be adding any more money to GrowLife until I see how the market reacts after the vote. I trust the company but not emotional traders.
I think the PHOT 'Attack on TITAN' may have sent him/her scurrying off back to the depths from which he/she came. Ok no more puns for me. Man those morning posts were annoying. I love how our saviors always show up to "SAVE" us from our stocks. That kind of deception is what's wrong with humanity as a whole. In any case, another solid day for PHOT holders always keeps them away like garlic to a vampire.
Good afternoon PHOT shareholders, it was a good day.
I was and continue to be impressed by the confidence the market continues to show in GrowLife. It is a true testament what openness and crossing your 'T's and dotting your 'i's from management will do for a stock. That is not mention the drive and aggressiveness executive management continues to bring to the table. So much has happened in such a short period of time I will let better and more experienced minds handle collecting all that data so as to present it to us laymen in terms we can understand.
What I want to offer today is to clear up some talk about "NASDAQ Up listing".
TL;DR: We are a few (imo two minimum) years off from being able to up list to NASDAQ
Share number|Holders requirements - MET
Share dollar requirements - Not Met Yet
Market capitalization - Not Met Yet
Revenue - Not Met Yet
No Net Loss - Not Met Yet
****What are the listing requirements for the Nasdaq?****
The listing requirements are broken up in two parts.
The first is required or all companies.
The second offers three different criteria that may be met.
-=FIRST REQUIREMENT=-
"Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the regular bid price at time of listing must be $4, and there must be at least three market makers for the stock."
GrowLife meets the share requirements but not the dollar requirements.
-=SECOND REQUIREMENT=-
One of three must be met
A)"The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss."
GrowLife does not meet this at all. We might see more than 11 million dollars revenue this year alone but we will more than likely show a net loss for the year. So on this basis we are still not there. Maybe a year away from this requirement? I think maybe two.
B)"The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum."
GrowLife does not meet this at all. Meeting this requirement would take longer than 'A' to achieve.
C)"Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million."
GrowLife does not meet this yet, but again, maybe in one or two years.
As you can see, GrowLife is still a year or two off before up listing to NASDAQ is in the picture. We are in the growing pains stage fellow PHOT investors. It's not to say we won't make it to "dollar land" either.
There are also other big ifs and notes to clarify as it pertains to up listing.
*Up listing isn't automatic. After a company meets all of the requirements for an up listing, including financial requirements, corporate governance requirements and share price, it is still up to NASDAQ to give final approval. Would GrowLife be accepted considering the federal stance on marijuana?
*"Reverse splits are a sign of good things for companies on the way up, but a sign of bad things for companies on the way down." In order to meet the minimum share price requirements for Nasdaq, many companies will conduct a reverse split. This is perfectly acceptable to the exchange.
With that being said, this is ok. Let Sterling and the rest of the team do what they need to do to be the monopoly of this sector.
I'm leaning to voting YES now. With so much happening, I would rather bet it all and win big than play it safe and lose an opportunity like this to corner a brand new market. Not since the .com era have we seen such a fresh and exciting market. In a few years we will be seeing movies and TV where characters refer to other characters as "Oh he's a pothead-millionaire; he made all his money betting everything on marijuana stocks a few years back". It's a risk, but it's one worth taking. I was too young to take advantage of the .com era, but by George I will take advantage of this one. This is by far my riskiest play in my portfolio, but this is the most exciting one. @AMRQ was close though.
Eventually we will see a reverse split, or stock buyback, or both. I'm betting on both. This industry is so unregulated and worth so much that I have little doubt we will see GrowLife be in the black quickly and it's coffers become very full with liquidity. Leadership has shown they want to reward shareholders who took this risk with them and a stock buyback is a great way to do so.
In any case, thank you to those who read my post and in a few years I hope us longs can all meet in Vegas to revel in our success.