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and that's only the beginning, the better
their performance with that money, the
deeper those investors will dig in their
pockets
we have extreme volume already
that's great for "after the green not gold rush"
but from today's perspective and we aren't talking
about private companies because we can't buy stock in
them.. growlife is making decisions that is having
a leaps and bounds effect on their growlife stock
after green rush sounds like 2018, today growlife
is making its way towards the #1 market cap
marijuana company
m-box 167 million
m-crap 99 million
phot 97 million
lettuce co. 10 million
and the first 2 exceeded 500 million at one
point earlier this year, however the lettuce co.
well.. I mean they're growling lettuce so of
course theirs no competition in that right ?
great job on naming one of them
so quick to check back though
short term bullish on growlife
long term bullish on growlife
anyone besides growlife have fortune 150 execs on
their board ....?
on Friday I'd a thought so, but it's obvious
now this is clearly a follow up to the gift
negotiations between growlife and the pack
of very wealthy individuals supplying the cash
keep it up young bull, your posts are much
appreciated
I can't believe it's jan 1 already next week, the world
is watching, I'm expecting growlife stock to gap
up above the 5 day moving average very shortly
ok dm, lets get this cleared up so we can all
have a decent conversation... what is it that you don't
get ? lets narrow it down to a few main concerns
long : phot
sterling wants growlife to be the first publicly
traded marijuana company with a billion dollar
market cap, although a newbie I'm hoping you've
done some dd on this new and exciting sector
in the stock market
On the Record Date, there were 738,473,611 shares of Common Stock outstanding and 0 outstanding shares of Preferred Stock
insider ownership in phot is barely 11%
which is hardly much when you compare the
stock to its popular friends
m-crap somewhere in the range of 70% and
the lettuce co. has climbed above 58%
the latter two have significant insider ownership
just thought I'd point that out...
yeah 2.9 in sales just on 75% of its stores in operation
a couple stores have barely had time to be open
and more stores will open in 2014 to help
double revenues again for the year, now add
that to the 5-10 million financed resulting in
nominal contracted payments announced
in the 1rst qrtr to be received over the next 1-5 years
and they will blow their previous forecast away
hence then reason for :
"With the new opportunities available to GrowLife through our relationship with CANX, particularly as they affect possible acquisitions and funding for GIFT program transactions, we believe it is prudent at this time to withdraw our previous revenue forecasts and schedule for retail store opening," added Scott
I guess your saying that growlife is going to earn
less than previous forecasts... yeah that makes sense
uh...well growlife previously had a 2014 forecast
of 10-15 million and seeing how they entered into
a new financial state of business and with an supply
in excess of 40 million back by a set of individuals
with some deep pockets, add that to the obvious
words of explosive growth starting jan 1, I
doubt sterling pulled the forecast off the table to
add a couple million to it
40 million 2014 is not an unreasonable forecast
"With the new opportunities available to GrowLife through our relationship with CANX, particularly as they affect possible acquisitions and funding for GIFT program transactions, we believe it is prudent at this time to withdraw our previous revenue forecasts and schedule for retail store opening," added Scott. "Clearly, GrowLife is a Company with a firm and growing foothold in the all-important hydroponic industry. But now, in moving forward, it is also a company that will focus on legal cultivation financing and enhanced regulatory compliance."
this was in November
seriously dm did you miss this ?
it's not pps that matters the most but it's visibility
and correctly filing or adhering to rules of the sec
that allows this to happen
check the otcbb gradustion list, companies
move on all the time, just the ratio to companies
out there on the otc is where it shows a
slim margin, I've never heard growlife say they
wanted to trade on the Nasdaq or NYSE, but
the top tier of the otc obviously has stocks
of all pps, so that would be great too, more revenue
will open the door to more possibilities and
for growlife I think the point of a reverse split would
be to clear the minimum pps to trade on a
board such as the Nasdaq
anyone want to add to this, please do , I'm not an expert just
going by what I've researched
graduation to another board
yep, that's pretty much where I have it
pinned, that would put growlife in the neighborhood
of a 300-600 million market cap by eo14'
ease off on the reverse split talk lol, most
ihub bashers think that's the kiss of death
when in fact if done for the sole purpose
of graduating will not put an investor's money at
any more risk than was being taken prior to
hey monkey, got a question...
so growlife pulled its forecast of
10-15 million next year off the table in light
of its new business ventures, what kind of
forecast are you preparing for to better
understand the multiples phot stock
could trade in a range of ?
to offer my opinion I'm thinking this new
business venture just opened the door
for a possible 20-30 million forecast for
2014, am I still low ? if growlife earns 30
plus million next year it will blow the market
cap away that it currently trades at..
this is hilarious, a break from a short but long
week of trading, lets not forget phot consolidated
and yet still finished above first resistance
whether you believe in growlife or not, it's the
one stock in this sector beasting
long phot
doc , I think you are confusing m-crap with phot
this is the capital backing that high net worth
investors required phot to have in order to get
the deal done, it's all about credibility and sterling
and co. have just that, imo this phot is never going
sub .1 ever again
multi-million dollar deals coming soon
m-crap investors and posters are gonna
come out of the woodwork now, they been
sold by the name and now they are extremely
confused what authorized share count even
means
check out the preferred or lack there of, this
is going to create mass confusion for
the small investor, high net worth investors gonna
be licking their chops come next week, it's
all in the making of the first billion dollar
marijuana stock
here we go, the first post to clearly misunderstand what
just happened, it's gonna be a basher weekend to
close out this wild ride of 2013, I got cash in
hand, just let the pps slip 10% monday in the
first hour and ill go all in
uh oh... hockey stick growth starts jan 1
this amount of capital confirms that
http://naperville.patch.com/groups/politics-and-elections/p/drivethru-windows-approved-for-naperville-medical-marijuana-dispensaries
very near my hometown, just found the article
and it blew me away, a few years ago that
would have never been thought possible, not
in another 80 years
100% phot, it's the only way I can get into
it, got back in yesterday eod
2014 will be the tipping point toward federal
legalization, the industry expected to grow at
64%, I'm thinking that's still conservative
what barrier did phot breakthrough ?
holding above your first line of resistance is
extremely bullish , especially for a stock up
60% in the last 4 weeks, not every day can b
a green day
clearly first resistance is in the low .12's but
phot stock is so hot it can't even get down
that far and just because someone says to sell
doesn't mean they're long, I thought that was
basic knowledge
3 contracts for a total of 2.5 mil ?
just loaded back up, I was waiting for that
dip all day, 2:19pm and minutes later was a gift
that's 100% incorrect .
and some are waiting for phot to drop ?
to what .03-.04 lol , could be awhile
growlife market cap could break a billion
sooner than we think
previous estimate was 6b by 2018? now it's
been raised to 10b .... it's been conservative
and it still is, that doesn't account a reschedule
which would blow the door open for growth
phot stock about to spike, then we'll see a discount
and a retreat to the 50 day moving average, but
not for long, maybe a day or two
ok , but now they're not just a hydro retailer
and q3 was the result of slow integration
of mergers was it not, I can only defend them
so much as I am merely caught in a momentum
swing, one that I assure you I am happily taking
part in, but it's all about valuation for me
what's your valuation going to be when they forecast
2014 revenue in a 20-30 million range
I'm thinking a minimum 200 million market cap
will be the result
forget pps , it's all about market cap, the fact that
they were at 30 million just 2-3 months ago was
a blip in the charts and that opportunity is gone
now, but opportunity is all how you view it, if
phot stock is going above a 200 mil market cap
next year then today's prices are clearly still a buy
no suprise it's up again today
so you give them no credit then for being
the top revenue earner in their sector ?
"This financing arrangement created through a Joint Venture with Nevada based CANX USA LLC (CANX) strengthens our ability to assist growers already active in the legal cannabis arena with rapid expansion ahead of what we anticipate will be a flood of corporate interest in growing," stated Sterling Scott, CEO, GrowLife Inc. "And it also firmly launches GrowLife into a vertical with a much higher ceiling of opportunity"
and with that 2013 is history, bring on 2014
long : phot
inflated yes, but really tough to say whether
it's topped out yet, I would agree to proceed
with caution but in a few weeks growlife
is gonna give a 2014 forecast, previous was
to earn 15 mil next year but now investors
are guessing at just how much is 2014
rev gonna be pinned at, which has been a
main cause for the recent run
currently phot is trading slightly above 10x
revenue and has been all year, it's very
possible they could of grown into a .20 stock
without the gift program, so 10x how much
revenue will they earn in 2014 is what I'd
be looking at if I was an interested player
sorry jimmy, but I've been trading in and out
of phot and others daily for some time now
and always have my orders filled in seconds
you might want to switch brokers if your
having a problem or just buy phot stock
Monday and hold for entire 2014, that's the
best free advice I can give you
.085 and .123 were the last chances, growlife
has emerged as an industry leader, not by
market cap but in terms of investor confidence
to succeed
we still have 2 catalysts to break .20 and clear into
100 million plus in market cap, one is the
and conpletion of the first few gift contracts
which if were anything over substantial in
terms of sales could be a huge pps driver those
first few days, the other is the growlife's 2014
forecasted revenue, the stock was around 7 cents
when they announced their previous forecast
did not properly reflect recent improvement in the market
and new new plans to capture sales
phot stock is trading so fast you need to use
a short term moving average to track it
.118 was a steal a couple days ago
45 yrs later ... what a joke
can't sustain a lie forever ?