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Lots of words with zero impact, fact is that there are only 27 million active shares. When and if the other 103 million shares become active, and the share price is below what it is now, i will say wow!, you are right.
Otherwise, the words "scam tactics" and "LMAO" and "crafty manipulation" and "insider enrichment" and "ponzi scheme" are all meaningless.
Was watching the close, one MM unloaded 100k shares in the last 10 minutes of trading. One might be keen on picking up those shares below 20 cents. $20k traded hands in the last 10 minutes. It is factual but not representative of the real stock value, otherwise they would not have waited until the bell to dump. Funny things going on.
Broader market still giving back gains... good thing it had them to give back. In my opinion, all of this plays a part with PHOT stock price, and that includes the oil game that just started back up. Saudi Aramco is a publicly traded company, things are different than years past.
Me too. I would not be surprised to see some numbers come out tomorrow. If not, next week.
Hoping for a serious reduction in expenses coupled with another surge in sales and increasing margins. Guidance would be nice too.
A week or two ago we had a bid of 314k around 25 cents worth about $80k. CSTI is controlling for now. No big deal.
You are correct cowmos, PHOT traded at 5 cents back in Dec of 2017 and Jan 2018 regardless of what anyone else wants to believe.
Split adjusted, that equates to .05 X 150 = $7.50 today.
Not sure why one would not want to admit the facts?
As you pointed out by referencing that article posted last year, the split did not change share structure one bit.
Since then, PHOT has given away some shares to pay bills but it was very minimal.
If PHOT traded at $7.50 today, it would match the high back in early 2018, and along with it much higher revenues and stable sales growth, not to mention sharply higher profit margins.
Just the facts.
Oh, i forgot, they also retired 500 million shares i think?? I guess i could read that article again and find out exactly...
BigBoy showed up today on my radar. Times are a changing, hope all is going well with PHOT and all moves forward as planned. It has been a while since we have seen any "significant" bids.
Fake News already.
Last Price
$0.2652
Today's Change
+0.007 +2.713%
Humor is undefined for some. Printing new bottoms with $400 trades that are $50 less than the previous day's price are manipulation pure and simple. Other than it happening, seems meaningless to me. I seriously doubt any investors in this stock are selling because of recent price action or because they all of a sudden think it is a scam. Good luck to all and what they wish for. Clock is ticking, and time will tell.
Long PHOT. LOL LMAO and ROTFL or however else you say that stuff. good humor...
Bottom is in. Just checking in, been working more lately which is a good thing. Looking forward to a bounce and when it does, it will be quite a ride. Keep up the good work Stroker. Optimism shall prevail. March report will be here before we know it.
You Betcha!!
Onward and upward.
I think there is something going on, high volume and its in the green high volume. Revs surpassing Cap...captain. Earnings should be interesting. Wouldn't it be fitting if they reigned in all costs and blew away expectations? They did some serious housecleaning last quarter. We don't really know how things look, only thing i'm confident of is that they will look better than last quarter. I base that on revenue growth and monthly cost elimination.
Me too! The light just came on. Good day Strokeman. If its green, its good.
Just fact checking, looks like a slight error statement. Most of the volume was at .48 and some at .45. However, there were weird strategic suspect mini dumps at .43 in lots of 100-300 shares.
Just a mini oversight, it has zero bearing on future price movement.
In my opinion.
All please read if you haven't yet:
From GrowLife PR
___________________________________________________________________
KIRKLAND, Wash., Dec. 04, 2019 (GLOBE NEWSWIRE) -- GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, released the following letter today from the Company’s Chief Executive Officer Marco Hegyi.
Dear Shareholders,
I would like to take this opportunity to discuss some of the most recent developments within GrowLife from a financial and operational standpoint. We have had a very exciting year to-date – from the successful integration of industry-renowned EZ-CLONE Enterprises, which allowed us to surpass our 2018 annual revenue in just over six months of 2019, to the retirement of over a half-billion shares and subsequent reversal of shares, 2019 has proved to be one of the most pivotal and important years from a strategic positioning stand-point in GrowLife’s history. That said, we continue to see questions from our valued investors about the impact of this reversal, where we are headed in our cloning business, and how we are positioned to capitalize on this new opportunity.
Company management believes that the recent reversal of shares came at the right time for our company as we prepare for our next steps in becoming a nationwide supplier of industry-leading, proprietary hemp clones. Most importantly, for our current shareholders, this reduction in the number of shares does not have any effect on your percentage interest in our company. It is merely a mathematical equation that reduces every 150 shares to 1, inherently changing our share price which will allow us to potentially re-uplist to OTCQB and beyond. This will make it easier for shareholders to trade with more brokerage houses, as well as potentially attracting more favorable investments from larger organizations and individuals. While the swift change may catch our shareholders off-guard, we hope they will see the positive outcomes that this transaction opens up. Shareholders can find us trading temporarily at “PHOTD” until we move back full time to “PHOT.”
Although we do expect to see some continued volatility in the short-term, we can offer some reassurance by highlighting a few items we believe to be noteworthy: First, look back and see our solid revenue growth, on-going management continuity, and leadership accountability. Second, look at the difficult decisions we made that were aimed at increasing shareholder value in the long run; most investors know that 3.8 billion shares trading under $0.01 on the Pink Sheets is not sustainable nor would lead us to the outcome shareholders expect. Finally, look to 2020 and see how the demand for CBD, EZ-CLONE systems and GrowLife products are growing simultaneously. The reverse has ultimately created a more attractive company with potentially better access to equity and investors as we prepare to serve the CBD industry, which is estimated to reach $23.7 billion by 2023 as projected by Brightfield Group. This is why management concluded that now was and remains the right time to take this step. We will continue to do what we believe is right in order to build long-term shareholder value with your support.
As I have publicly stated on multiple occasions, we are headed into 2020 with the vision of becoming one of the leading suppliers of CBD-rich hemp clones. We plan to leverage our industry experience and relationships to expand our offering to including proprietary hemp strains that our customers are looking for in order to meet the raw material need of the booming CBD market. We hope that our investors are as excited as we are to forge forward on this journey and see the opportunity we have ahead of us in the new year and beyond.
We will continue to update you in the coming days and weeks.
Sincerely Yours,
Marco Hegyi
Chief Executive Officer
____________________________________________________________________
Good luck to all in the New Year!
U have no details and no substance to your claim.
Your word "massive" is meaningless to me.
Regardless of what U claim, GrowLife is worth what someone else is willing to pay you for it.
U know this right?
Glad you are onboard! 2020 will hopefully be a good year for GrowLife.
So we hit a low of .315 (.0021) the week before the split was even mentioned. During and after the split we hit a high of 1.23 (.0082) and settled in around .45-.50 (.003-.0033) range which is still way above (+45-50%) our low the week before the split. To say we lost money because of the split or after the split isn't true.
You can look at any range you want and say you have less money in your account or more money in your account, if you want.
I don't want to mislead anyone, yet i do like to counter any misleading negative information too. Fair and balanced is how i like to see it.
Happy New Year Illinois! and to all.
A gain is a gain whether before or after a R/S, the numbers are a wash... right Stroker? All good for the new year! You say Poetaytoe i say Pototoe.
Time for the company to shine by example. They can and lead the way in their niche. Cloning experience coupled with software/hardware integration appears to be very potent for this industry. Growlife has many years of professional experience in both!! Rich in knowledge. In my opinion.
So a run from .0005 (much more than zero) up to .46 is a 92,000% gain and a run from .46 to 5.00 is a 1,087% gain... lots of LOL. I will say again, I think we are closer to $5 than zero. In my opinion.
Shorts have been non-existent since end of month pre-split. It doesn't appear that many players see money on the downside. Any substantial news could be a mover. You are spot on Wisher! In my opinion.
Looks like a green end to the year! Bring on 2020.
PHOT is a lot closer to $5 than zero.
Still up 43% from pre split week's low. LOL
Its Thursday and I'm happy! Will be anticipating the next good news.
I like the GrowLife float a lot compared to other big players in the industry.
The big ones have billion dollar caps with hundreds of million shares or billion of shares. They may have a lot more sales, but Growlife is catching up quickly. Big names also seem to have big debt!
Stock structure is now like a powder keg ready to go off, just add profit and expectation as a catalyst!! and I'm pretty sure we are almost there.
My opinions of course.
PHOT ready to trade again this week, not sure when exactly but we are guessing Christmas Eve.
Up-list hopefully soon and more good news. We can always rely on Revenue growth, it is here and has been steady. Just working on profit.
End of year plan still intact!
Volume dropped off today, yet price held steady. Tide is a changing.
If Revenue growth maintains its annual pace set by the last 2 years, Sales will easily overtake Market Cap, along with a robust Profit Margin.
Share re-structure, up-list, distribution agreement, Legal American Hemp Farming, Legal Banking - all bode well for PHOT 2020.
Bid support is still very high.
.5000
Today's Change
+0.025 (+5.26%)
This printed today, and PHOT closed up +2.11%
But there is around 25M on the float and the price is .475 and Sales will overtake Market Cap soon.
The fact that it hit .53 today is a very prosperous sign of things to come.
Heading right to my .70's+ prediction for next week.
.480
Today’s Change
+0.010 (+2.13%)
On average volume.
Just the facts.
We are in much better shape than end of 2017, so my guess is $5+.
History repeats itself frequently. Revenue is currently much higher than in 2017, profit margin is sharply higher than in 2017, and we are expecting much higher sales and margins next year (2020).
Doesn't happen overnight but it has risen sharply in the past.
Where is the humor??? I don't understand the post. I can look at the share price anywhere to see this information. The previous day was the exact opposite, up +29%... looks like the LMAO is still negative 8%. Just looking at facts.
.47 is exactly 49% above the recent low before the pre-split run-up. Recent low of (.0021 or .315) and now at (.0031 or .47) a 49% gain right before the split. The split was not bad for 99% of the shareholders, it gave them a 49% gain as of today. LMAO
Looking forward to another high volume, high percentage gain tomorrow and next week. PHOT has a long way to climb! Based on peer's valuations and our low market cap, we could see some impressive gains quickly. Exciting times are here. In my opinion.
Same here, it is a Christmas / New Year's stock.
Float according to my brokerage is: 25.72 million shares.
Sounds like there is some confusion about available shares, it is pretty simply stated from their recent PR:
____________________________________________________________________
Additionally, on October 9, 2019, the Board approved the reduction of authorized capital stock, whereby the total number of authorized common stock of the Company decreased from 6,000,000,000 by a ratio of 1 for 50, to 120,000,000 shares. As a result of the reduction, the Company has an aggregate 130,000,000 authorized shares consisting of : (i) 120,000,000 shares of common stock, par value $0.0001 per share, and (ii) 10,000,000 shares of preferred stock, par value $0.0001 per share.
____________________________________________________________________
And for those confused about share terms:
Shares Outstanding vs. Floating Stock: An Overview
Shares outstanding and floating stock are different measures of the shares of a particular stock. To get a comprehensive overview of a company’s stock shares many investors will look at three metrics:
Authorized shares have the company's management's approval but have not, yet, been issued to the trading market.
Outstanding shares include those held by shareholders and company insiders.
Floating shares indicate the number of shares available for trading.
Again: Float according to my brokerage is: 25.72 million shares.
Me neither, not selling. $4.37 (.0292x150) is way below the last run-up to $7.50 (.05x150)... this year we have 5X more revenue, much higher expectations, and much tighter float. Let the races begin!
Yep, 25 million on the float, $17M Market Cap with a respectable share price approaching a dollar...
Price rising along with Revenue and Profit margin.
Exclusive deals made along with sales growth looking to push Revenue past $10M soon. Future looks bright IMO.
Revenue and Profit to increase sharply in 2020 based on the new agreement just announced - Five-Year CBD Genetics Distribution Agreement with High Plains Crop Production, LLC.
This is in addition to the YOY steady increase in Sales of existing GrowLife products. I don't see sales growth stopping or slowing, only speeding up!
Revs this year (2019) between $8-10 million, and EZ-Clone is just getting started. Add in High Plains and what will they be next year??
Was just looking at another stock in the industry with hundreds of millions in debt and market cap of over 2 billion... I would much rather own PHOT, i like its valuation compared to most others, even with their debt.
Only 25 million shares floating around and it is about to be trading in the dollars. Penny days will soon be in the past.
Would like to see the stock valuation adjust higher to be in line with its peers.
Much more potential with PHOT.
My opinions of course.
GrowLife stock up more than 50% since recent low last month pre-split, only to go much higher.
It rallied 300% before the split (.0021 up to .0085), just the facts here.
Good volume lately. One of my largest percentage gains was post reverse split. It involved a buyout after the split. It was all planned. Not saying it is planned here, but the odds of anything happening were greatly improved after the split. Volume has been impressive.
Last run put the market cap around 140M, difference this time is 5X revenue and much better margins. I suspect those could be driving volume.
Yeah! go PHOT. Long term hold.
I will check back after a while Stroker, keep up the good work.
NOPE. Smoke and mirrors, people make stuff up. The SEC would be aware of any wrongdoing, they have had a microscope on PHOT for years. Clean as a whistle, otherwise we would all know.