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Excellent point, forgot to add that.
The kiosk was first reported officially by GrowLife in Nov 15th 2013.
Sterling has stated they expect the first kiosks to be deployed in Q2 2014. In the meantime, they are displaying them at industry shows as evident by the pictures users on this board have provided.
2014, we will see GrowLife's plans really come together starting with what we have seen through the F!TX/PHOT deal. I have stated this before, but I believe we will see an announcement pertaining to franchising plans this year. It makes makes sense if you consider whom they have hired and the interests/needs of this industry.
GrowLife: We provide the means to grow product, the means to buy product, the means for regulatory compliance, the means for financial/accounting assistance, and the means for legal guidance.
Good afternoon PHOT investors. I've been out of commission for the past two days with a stomach flu. It was brutal.
I am extremely happy to see the first glimpse and official announcement of the FITX/PHOT deal. The terms of the deal seem favorable to both parties without looking at the finer details which I hope we will all get to see soon. If the deal goes through as we have been lead to believe this will once again show what strong leadership can do with 'healthy dilution'.
About a week ago I posted that I believed GrowLife will eventually enter the arena of cultivation. I did not at all expect this deal to give GrowLife such a deliberate and strong foothold into this part of the industry. GrowLife continues to exceed my expectations with their aggressive growth and plans for monopolization of the industry.
Readers should note it could be at minimum one year before we start to see the revenue. So don't get crazy. We have to understand, as I've stated previously, this is the VERY beginning of prohibition ending. My home state of Florida will now vote of Medical Marijuana in Nov. It will likely take another year after that before the first stores open. So we're talking two years. The same goes for the other states voting on the issue. Invest and let it sit my fellow investors. Remember, the #1 reason why the market beats retail investors is impatience. You need patience to make the big money here.
If I let fear or impatience rule my investment choices I would not have made very large gains on other stocks. Sometimes you just need to trust your own Due Diligence and the Micro and Macro data for the big payoff.
Again, though, never invest more than you're willing to lose.
What excites me most is that this is just the first deal of many. 2014 and beyond is going to be good to GrowLife and in turn, investors.
My vote? No decision yet. I want to see the details of this deal and as I've said, there is no reason to vote now. I have time. Patience. Patience pays in this game. I think I have tons of patience because I played tons of NES hard games as a young kid. lol
I think your math is a bit off.
Microsoft has a market cap of 307 billion.
At 32 dollars a share PHOT would have approx 25.6 billion market cap.
For comparison, Tesla has a 21 billion dollar market cap.
It's not outside the realm of possibility my any means for PHOT to reach that high in a few years if they make the right moves, which they seem to be attempting.
Good day PHOT shareholders.
What a week, lots to digest and think about.
* Insider Buying *
This one struck me the most interesting and bullish news of the week. I can assure you that I have NEVER seen insider buying being filed in an OTC stock. It's not to say that it doesn't happen but historically speaking this is very bullish. There is just no other way to look at it.
You can try to spit out conspiracy theories all you like, but that would just be foolish.
* F!TX CEO sporting GrowLife gear and hinting at G.I.F.T *
Like many, I also think these were hints thrown to shareholders. It's hard for these executive teams to not be excited about this new industry. They want us to be excited with them and, in turn, enjoy the lucrative ride for the months and years to come. So, in order to avoid what is clearly a/some legal proverbial 'cockblocks' they are giving us winks. This also made it pretty clear to me that they may in-fact have to wait for something before releasing, what is increasingly seeming like very big, news.
* Technicals *
As Monkey has graciously stated to us this has been a very healthy week for PHOT.
Overall I think we're looking very good. The veracity of LONGS surprised me, well done. As far as my vote is concerned, I have not yet decided on it. Again, it is not February yet and GrowLife has plenty of time to present more information. I do expect that if ANY more information about the A/S is released, it will be this week.
I am not sure if a Merger/Joint Venture/Buy Out with any of the companies whose names have been dropped is in the immediate future but at the very least I feel pretty confident that it's a G.I.F.T deal. That in of itself makes me a very happy shareholder considering the estimates being thrown out regarding equipment purchases and estimated revenue from selling marijuana. Even if the revenue is grossly over estimated, it's still a whole lot of money.
I do think/want GrowLife to grow and produce its own marijuana product eventually. It only makes sense to grow it and sell it out of its store fronts which I still think will become a franchise eventually. Hell, with my home state of Florida having medicinal MJ on the ballot I may be tempted to open one of the franchises. This is going to be ridiculous money until strict regulations start hitting.
The big picture is still looking really good and I for one am excited for the coming weeks and months for this industry. We have not even scratched the surface of what this will look like in two years.
You bring up some very interesting possibilities that are not unusual outside of the realm of business practices. I will certainly take this thought into consideration. Thank you for taking the time to point this out.
A YES or NO vote has not been decided as of yet as far as I am concerned.
I agree with OfficerK as far as, I would like to see what the money the CANX agreement has provided thus far has already done for GrowLife. I cannot form an educated and informed opinion until I see that.
As a rule I am against dilution, but I also understand the need for it in the case of this industry. I am happy with the way dilution has been handled so far by GrowLife, and while this is not by any means comforting, it does make me more of an understanding shareholder. We all know the current information. I am not going to re-hash what has already been said, I am still betting on getting a clearer picture on some form of clarity being brought to shareholders. I will go as far to say that I will sell half my position to protect my investments, plus some profit, if we do not get clarity.
What I want to post about today is where I see GrowLife in the future based on the current information available. When I say future, I am talking about 2-5 years.
I have said before that I see GrowLife being the first of its kind on a major exchange. I say this because they are already working diligently to have their ducks in a row for when they reach the financial status required to be on said exchanges. If you have not looked up the requirements, you should do so. It isn't easy and it can easily take years. GrowLife is taking the extra steps required to be ready for that day.
I believe GrowLife is thoughtfully building a brand. There are again, small steps being taken to ensure GrowLife is THE name people think of when it comes to this industry.
I believe Growlife will branch out to franchising. It is one of the most cost efficient and quickest ways to expand. We all know everyone is looking to be part of the "Green Rush", franchising builds your brand and expands your footprint at the same time. This is what I think of when we talk about a mature G.I.F.T program.
I believe a reverse split, stock buy back, de-authorization of shares will happen. It has to happen if we ever expect to be on a large exchange. The short term will likely be difficult and GrowLife will experiencing serious growing pains if it isn't already.
I believe GrowLife will eventually grow and sell Marijuana. It only makes sense. They have explained to shareholders why they currently don't but have also indicated they are ready to do so when the time and guidance on a legal standpoint is right.
This is such a fast and growing industry that it would be difficult for GrowLife to become THE brand and market leader if they are not aggressive. Which again, is why I am trying to look at the big picture. I'm afraid that when our time comes to vote, we may not have the whole picture and all I will be able to do is vote on faith in leadership. Which is frankly an awful wait to vote on anything. I also recognize that GrowLife has the most respected brand of growing equipment and is well on its way to being a complete infrastructure company for this industry. On a personal and industrial level. If you combine this with selling the product itself, there is only one word that fits: Monopoly.
*these are my views, you don't have to agree with them and in no way do I think I cannot be wrong. I am stating that this is how I put the macro and micro puzzle pieces together.*
RE: Sterling's letter to share holders. "Re-Post" Adding content to next post.
I'll begin with saying this is half of what I wanted to hear/see from GrowLife. I want to see G.I.F.T contracts close, I want to get an idea of how much revenue each of said contracts can potentially generate, I want to see partial results of "overwhelming response" that shareholders were told about early December. These items would help me better determine how I will vote. As such, my decision has not yet been made. I hope to find what I'm looking before prior to Feb 7th; otherwise my vote will have to be made by historical precedent and faith. I'm not much of a person for faith alone but it has creep into my life from time to time.
While the letter is nicely written and makes subtle promises, anyone can write such a letter and lack the substance a person needs to make a properly informed decision. Again, more numbers and less promises.
Sterling's first point that raising capital is very distracting and difficult to come by in this industry is not wrong. Banks will not lend to them. One of the more important parts of my history is having worked for a small 20 employee business and to have watched it grow to the point where a Fortune 100 company bought them out. One of the more difficult challenges this company faced when trying to grow from a small business to one that employed over 600 individuals around the globe was finding capital. In the end it was not the banks that lent the money, it was a group of private investors that formed an LLC for the sole purpose of lending large capital to the aforementioned small business. This was in a budding industry, during the .com boom era, and yet banks were making it very difficult to borrow money to expand. I am not at all surprised that the joint venture was the only way to proceed. Had it not been for the private investors they would had never grown to the size they are today.
Admittedly, I don't entirely understand the terms of the 40 million dollar joint venture, no one outside of the deal makers can. There are some very important elements that are missing from the public eye. Such as, what are the milestones? What does it mean exactly when said milestone(s) is/are hit? We can deduce what it means when speaking strictly of the dilution to dollar invested to some extent but even that is somewhat unclear. Which brings us to Sterling's second point:
"To the extent there is "dilution" under the CANX USA JV, the relationship is structured to allow GrowLife management a great deal of control and to incentivize only success-driven dilution that will benefit all shareholders large and small, complete with milestones and checks/balances."
Again, I - like all of us - would prefer to have examples of what these milestones are. But if history is any indication, the dilution to date has been used smartly and for the benefit of shareholders. Prior to the 'Green Rush', GrowLife shareholders had enjoyed a 52 week run of over 400% growth, most of it was from the second half of the year after the early 'dilution' was supposed to, according to some on this board, make the stock crash to sub penny values.
GrowLife shareholders have even enjoyed a nice year to date (YTD) return of 35%. Three weeks and a 35% return after a bear raid and correction is not bad. As technical traders on this board have pointed out, GrowLife is/was oversold. I cite the above evidence to prove to myself, and whomever is reading this, that dilution does not equal death when performed in a responsible and thoughtful manner as GrowLife has emphatically proven thus far.
Sterling's 3rd and final point of not allowing us to sub-come to the rumors, lies, and personal attacks. If I recall correctly, leadership at GrowLife does or did read these boards. It's hard to not go out into the world wide web and look at what people are saying about your company. You have a vested interest in public opinion and while it's a double edged sword, I believe if surfed correctly and 'the noise' is pushed to the side, it's of great benefit to gauge your investors thoughts. Sterling is 100% correct in advising us to not let these things distract us from the larger picture. With this or any other investment emotion is your worst enemy. Panic buying and selling is a horrible way to trade. That being said, a person could make a lot of money learning the psychology of said investors. I was absolutely sure there would be a sell off on Friday after the letter was released because of short sighted, emotion driven holders. It's only natural to panic about money. As a result I sold half my position in the open, waited for a particular percentage drop, and bought right back in for a very nice accumulation of shares.
If you are playing with money you cant afford to lose, my best advice to you is stop playing. If you cannot step away from the emotions the market brings out, then for the benefit of your general health and your personal life, stop playing. I am not in any way trying to preach or tell anyone what to do, I have seen investing destroy many people fiscally, emotionally, and personally and would not wish that on anyone.
I have my own thoughts on the direction GrowLife will go as it grows. Make no mistake, GrowLife will grow and fast. I'll share these thoughts one day but I believe GrowLife will one day be one of those companies people say "man I wish I had invested in XYZ" or "Man, I had shares in XYZ but I sold it all". I believe GrowLife will be the first publicly traded marijuana related company to be on NASDAQ or another big board. It will likely take a minimum of three years for that to happen, but it will.
As always, trade and vote as YOU see fit. Don't simply take mine or others word at it. Take the time to research, reach out to investor relations, look into the backgrounds of leaders, this is all part of making a sound investment not driven by emotion. It's the difference between those who invest emotion vs. study. Don't look at today, look at yesterday and tomorrow. But above all else be honest with yourself and with others.
***One side note, again this is might just be me, but when I read "we urge our shareholders to resist the artificial force of fear in the marketplace that seek to make incremental profits by shorting and thereafter spreading misinformation to engender fear and instability." This sounded like prophetic words to me.***
Well written Officerk. The questions posed were followed up by a number of examples which is an excellent way for individuals to have rational and thought out conversation. Thank you for taking the time to do so. I imagine by now the generic questions posed were being replied by copy and paste templates created. Mind you, we may not be able to get an immediate answer but I imagine they will do their best to answer prior to the vote.
RE: Sterling's letter to share holders.
I'll begin with saying this is half of what I wanted to hear/see from GrowLife. I want to see G.I.F.T contracts close, I want to get an idea of how much revenue each of said contracts can potentially generate, I want to see partial results of "overwhelming response" that shareholders were told about early December. These items would help me better determine how I will vote. As such, my decision has not yet been made. I hope to find what I'm looking before prior to Feb 7th; otherwise my vote will have to be made by historical precedent and faith. I'm not much of a person for faith alone but it has creep into my life from time to time.
While the letter is nicely written and makes subtle promises, anyone can write such a letter and lack the substance a person needs to make a properly informed decision. Again, more numbers and less promises.
Sterling's first point that raising capital is very distracting and difficult to come by in this industry is not wrong. Banks will not lend to them. One of the more important parts of my history is having worked for a small 20 employee business and to have watched it grow to the point where a Fortune 100 company bought them out. One of the more difficult challenges this company faced when trying to grow from a small business to one that employed over 600 individuals around the globe was finding capital. In the end it was not the banks that lent the money, it was a group of private investors that formed an LLC for the sole purpose of lending large capital to the aforementioned small business. This was in a budding industry, during the .com boom era, and yet banks were making it very difficult to borrow money to expand. I am not at all surprised that the joint venture was the only way to proceed. Had it not been for the private investors they would had never grown to the size they are today.
Admittedly, I don't entirely understand the terms of the 40 million dollar joint venture, no one outside of the deal makers can. There are some very important elements that are missing from the public eye. Such as, what are the milestones? What does it mean exactly when said milestone(s) is/are hit? We can deduce what it means when speaking strictly of the dilution to dollar invested to some extent but even that is somewhat unclear. Which brings us to Sterling's second point:
"To the extent there is "dilution" under the CANX USA JV, the relationship is structured to allow GrowLife management a great deal of control and to incentivize only success-driven dilution that will benefit all shareholders large and small, complete with milestones and checks/balances."
Again, I - like all of us - would prefer to have examples of what these milestones are. But if history is any indication, the dilution to date has been used smartly and for the benefit of shareholders. Prior to the 'Green Rush', GrowLife shareholders had enjoyed a 52 week run of over 400% growth, most of it was from the second half of the year after the early 'dilution' was supposed to, according to some on this board, make the stock crash to sub penny values.
GrowLife shareholders have even enjoyed a nice year to date (YTD) return of 35%. Three weeks and a 35% return after a bear raid and correction is not bad. As technical traders on this board have pointed out, GrowLife is/was oversold. I cite the above evidence to prove to myself, and whomever is reading this, that dilution does not equal death when performed in a responsible and thoughtful manner as GrowLife has emphatically proven thus far.
Sterling's 3rd and final point of not allowing us to sub-come to the rumors, lies, and personal attacks. If I recall correctly, leadership at GrowLife does or did read these boards. It's hard to not go out into the world wide web and look at what people are saying about your company. You have a vested interest in public opinion and while it's a double edged sword, I believe if surfed correctly and 'the noise' is pushed to the side, it's of great benefit to gauge your investors thoughts. Sterling is 100% correct in advising us to not let these things distract us from the larger picture. With this or any other investment emotion is your worst enemy. Panic buying and selling is a horrible way to trade. That being said, a person could make a lot of money learning the psychology of said investors. I was absolutely sure there would be a sell off on Friday after the letter was released because of short sighted, emotion driven holders. It's only natural to panic about money. As a result I sold half my position in the open, waited for a particular percentage drop, and bought right back in for a very nice accumulation of shares.
If you are playing with money you cant afford to lose, my best advice to you is stop playing. If you cannot step away from the emotions the market brings out, then for the benefit of your general health and your personal life, stop playing. I am not in any way trying to preach or tell anyone what to do, I have seen investing destroy many people fiscally, emotionally, and personally and would not wish that on anyone.
I have my own thoughts on the direction GrowLife will go as it grows. Make no mistake, GrowLife will grow and fast. I'll share these thoughts one day but I believe GrowLife will one day be one of those companies people say "man I wish I had invested in XYZ" or "Man, I had shares in XYZ but I sold it all". I believe GrowLife will be the first publicly traded marijuana related company to be on NASDAQ or another big board. It will likely take a minimum of three years for that to happen, but it will.
As always, trade and vote as YOU see fit. Don't simply take mine or others word at it. Take the time to research, reach out to investor relations, look into the backgrounds of leaders, this is all part of making a sound investment not driven by emotion. It's the difference between those who invest emotion vs. study. Don't look at today, look at yesterday and tomorrow. But above all else be honest with yourself and with others.
***One side note, again this is might just be me, but when I read "we urge our shareholders to resist the artificial force of fear in the marketplace that seek to make incremental profits by shorting and thereafter spreading misinformation to engender fear and instability." This sounded like prophetic words to me.***
Officerk, I have in the past thanked you for your posts and regardless of any difference of stance or opinion, I respect yours.
I cannot say I would vote YES or NO simply because I do not have all the facts. You asking people to vote NO seems to be an emotional one, albeit one driven by reason which connects the increase of authorized shares (A/S) to the CANX deal. I do not believe the two are connected.
Rather than form a decision right now, we should wait until next week, the cut off for mailing in the vote (if anyone does that anymore) to form a final decision. We should wait to have as many of the facts as possible. As I mentioned in my previous post, this could be a way for them to prevent a hostile take over and have no intention to convert the shares to outstanding (O/S).
We all agree increasing the authorized shares to 3 billion seems excessive.
However, one should remember or know that GrowLife can also DECREASE the number of authorized shares at a later date. There is precedent to this and it's not uncommon. It is difficult for me, knowing the background of GrowLife leadership, to believe they would not have anticipated shareholders being upset about this prior to even the bombardment of emails they have been receiving just from this board. They know it's making people upset, they know it's strange to ask for such a large increase, and they know a reason must be given to the shareholders.
If I do not get a reason, aside from voting NO, I will sell enough to cover my original investment cost and wait it out a bit. After that, profit is profit be it 10% or 10,000%.
On a side note: There are entirely too many people that do not know the difference between your and you're (you are). I'm sure there is a meme of that somewhere.
I've only posted twice here for reasons that I A)I'm not here to argue B)not here to pump or bash C)I rarely have anything of substance to contribute. That being said, I felt the need to clear up some questions or misconceptions for those who are new and/or have not done their Due Diligence.
The question of "the market cap is too high".
* This is true if you believe a stock only trades at current valuation, which they don't. TSLA, FB, TWTR, AOL, ext. are all "over valued". Hell, some of these companies still don't report a profit.
The question of "This is a pump and dump" , "not a real company", "this is a classic category xxx scam" .
* GrowLife has very real, respected, and well known products in this industry. They have a growing number of brick and mortar stores and the strongest online presence as it relates to the sale of said products. The leadership at Growlife are respected and reputable business individuals. To tout that they would simply "cash out" and tarnish their names forever is disingenuous or foolish.
The question of "Why won't they release the G.I.F.T / Acquisition / Guidance / Ext." ?
* GrowLife has shown time and again that they are being very careful as to when and why they put out a PR. If you were here in Nov. when we received the Quarterly Financials and the panic sale began, over missed estimates. You will remember that two days later they announced the 40 million dollars of available financing. When interviewed, GrowLife leadership shared that they desperately wanted to announce the news during the release of the financials but could not at the time for legal reasons.
Is this the case again? I cannot say, but history does show me they are looking to tread carefully. Otherwise, why hire a law firm (Crowell & Moring) that has Fortune 100 companies as part of their clientele?
If you look at all the Micro and Macro data available, how could anyone come to the conclusion that this is not a solid investment for, at the very least, the next 52 weeks?
* Why do they need two billion shares?
Like all of you, I have been asking myself the same question. I don't know why. But let's first be clear as to what GrowLife is asking for.
Growlife is asking to increase the authorized shares from one billion to three billion.
What are authorized shares?
Simply, "Authorized shares refer to the largest number of shares that a single corporation can issue. The number of authorized shares per company is assessed at the company's creation and can only be increased and decreased through a vote by the shareholders."
What are outstanding shares?
"Outstanding shares refer to the number of stocks that a company actually has issued. This number represents all the shares that can be bought and sold by the public as well as all the restricted shares that require special permission before being transacted."
At this time GrowLife has 711 million shares outstanding of the currently authorized one billion shares. Increasing the authorized shares does not in any way mean that they will become outstanding shares. As you can deduce yourself, GrowLife has not placed the remaining 289 million authorized shares it has into the outstanding pool.
Back to the question at hand, WHY?
There are several reasons and I want to be clear that this is pure speculation, even if it's an educated one.
1. To prevent a hostile take over. We all cannot deny the MJ industry just begun. In one state alone we have product sold out with industry studies being released stating it will take a minimum of three years for supply to catch up to demand. This is for a single state. At least a dozen states are either on the fast track to legalize or vote for some form of MJ sale (medicinal or otherwise) in 2014. It is not unheard of for large companies to buy up a majority of shares and take control of a company. Authorizing such a large share count would protect GrowLife from being acquired in such a manner and force any buy out to be negotiated for top dollar.
2. Acquisition of one or more companies that would justify increasing the authorized shares which would eventually become outstanding as the acquisition becomes complete. GrowLife leadership has said on more than one occasion they are looking at acquiring one or more companies. This could be manufacturing, kiosk development, financial services, ext. All of which are very real possibilities. We know they want to have kiosks in stores by Q2, we know they need more manufacturing capacity for they products that are selling very well, we know they want to be a financier for this fresh industry. How else best to do this if not through acquisitions and acquisitions cost money, or shares.
3. Dilution, the need for financing. At this point I think the board all knows what Dilution is. Good or bad dilution, dilution is still dilution.
I in no way believe that they need money to keep the lights on. The financials just don't swing that way. Sterling has said that they are focused becoming cash flow positive in 2014, I see no reason this won't happen. It was also said that there is a self imposed hold on dilution until further notice. Do I believe and have concerns about dilution? Yes. As every investor should. But if there is dilution to be had I believe it will be for reason number two. If that is the case, I am cautiously optimistic that it will be a positive thing in the long run.
And that's the real point for investors in all this isn't it? Do we care more about January 16th 2014 or do we care more about January 16th 2016 or 2020? If you are here for the swing trade? Then by all means, swing away. There is no shame in that. I am an investor, I care about the big picture. I play chess, not checkers. The shame is on the people who pump or bash. It's a dishonest and shallow trait. Furthermore, I see absolutely no reason for a person who does not like a stock to enter said stocks message board and bash it repeatedly. They are not being heroes, they have a selfish agenda. That being said and out of the way, the macro and micro data lead me to believe that option one and/or two is more likely.
I share the same concerns as investors of GrowLife have. Do not mistake my position on the company as relaxed or forgiving. Although I am bullish of the company, I am not married or in love with it. There are flaws that need to be and some are being addressed. My eye is on a reason being given for the increase of authorized shares. But so long as I am well into the green of profits, I see no reason to rush my vote or the sale of my shares. Just as easily as we went up, we can go down, and back up again.
Disclosure: I purchased in the .03, .04, .05, .06, .07, .09, .12, and .14
Thank you so very much for the time and effort put into this.
I expected some give back from yesterdays action but I did not at all expect this wild roller coaster ride at the end of the day.
Great company, great fundamentals. Money to be made for everyone, flippers and longs alike.
Homophobic slurs have no place in constructive discussion. Second day signed up and already a growing block list. Such is the interwebs.
A good chunk of my gains were taken out today, I tried to sell near .088 but the order never filled. I was hoping to buy lower/free shares ext.
The earnings were below expectations and the market responded accordingly. I think it was over sold in a retail panic and we might see some recovery Monday.
On really bad days, we see the negative Nancy's in force. On good days we see the positive Pauli's. Nothing new.
In the end, while disappointing the quarter, the company is still positioning itself for greatness. No reason to panic. Growlife has excellent leadership with a strong vision and direction. Have a great weekend fellow shareholders, don't let a single large down day ruin it. There will be many more strong up and down days in the weeks/months/years to come.
I'm a long time lurker on these boards. I finally decided to post on here to let PHOT holders know that I reached out to investor relations and we will see earnings tonight.
I also wanted to applaud and thank OfficerK for for (his? her?) due diligence posts. While I am a long term holder of PHOT and MJN@, and have performed my own DD, I'm am always grateful for other informed perspectives. I say "informed" because I have seem many people pump or bash PHOT without posting the why. Specifically, I have yet to see any reason posted by any basher as to why this is a bad company.
We all want to make millions over night but the reality is that Marijuana will take years to truly show us the big 7 figures we all desire as investors from any stock.
I don't run my life by faith, I run it by calculated risk. In my opinion, while I like what two other MJ stocks are doing as a companies, PHOT is far ahead when it comes to what really matters to attract big investors and that's full disclosure and experienced wallstreet leadership.
I would also like to add that before there is any more talk about up listing to NASDAQ, you should be made aware that it may be 3 years minimum before that can happen. Read up on the requirements. We're not there yet.
Thank you for taking the time to read this post and good luck to all of us tonight when we get the numbers. I am on the boat believing will be an excellent strong earnings report.