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New sector, new developing companies dealing in a recently illegal substance, attractive to young and inexperienced investors, overvalued, spiked prices, recent resignation of a director, sell-off of a sizeable share count just before tax day by an upper level manager and a run up to .89 (????) just before the suspension. Seems like an area that the SEC would be very aware of, looking for any missteps. Could be the end of PHOT - could be nothin, just a probe. I don't know and neither do any of you.
Ray Donovan 1986, and many others. Ask that question of a labor lawyer.
Does the term "suspended pending investigation" mean anything to you. Obviously you have no knowledge at all of how this works.
Thank you for your reply. I really see no reason to not hold this for a bit. Nothing I have seen indicates that PHOT management is guilty of anything but perhaps a little stupidity, which in itsself is surprising but not fraudulent. I understand that their procedure in compensating directors with undervalued shares may have been improper and that's all. I've seen a few situations in pennyland before and not all of them ended badly. Anybody add to that? Anybody??
Has PHOT been delisted? Did something come up which shows that Sterling was part of the insider sell-off last week?? I'm in this with 150K at .11 and am not worried about a big burn, if any at all. I have been out of the country on business for the last week and know only that PHOT trading has been suspended. Anybody help me out here with some details? Anybody??
Not fact but solid speculation: Bill C has achieved nothing - no license, no building, no income - nothing. He talks the talk, that's all.
Huge assumption. I have doubts about Bill C, his credibility and his chances of getting licensed - also the PHOT/FIT# deal. The real value for PHOT is in RXNB.
What's with those 2000 regen shares I got listed? Are they tradable, restricted, what? Anybody?
What was your first clue?
They "will extend the date for completion of DD and closing the transaction". I believe this means that they are not yet satisfied with what they see and will look a little longer. Not saying they won't close the deal or even that its a bad deal, just that they aren't happy yet.
It is not ridiculous. PHOT is taking a shot with the FIT# deal, they are risking nothing. If it happens, they make money, if not they move on to the next deal no worse off but wiser. Losing an opportunity is not like losing assets - I don't lose anything if I can't get the bet down (or make the deal good). Also the PHOT/FIT# deal is very questionable - FIT# has a lot to do to keep their end of the deal. Doubtful they will do it. Bill C is a scammer and FIT# is a scam. Bet on that.
FIT# is a loser, Bill, a hustler, is making hustler noises for his soon to be dead horse. The PHOT/FIT# deal is a win for PHOT if it goes and no loss if it doesen't. Sam and RXNB are the only value there.
Great ending!!
Get in before the 14th to be safe, not only will you get the divy - whatever the ex-div date is - but this is going up with all the anticipation. Get in before Thurs, it will be moving north.
Of course not - and you know why. Don't you???
Seems like all buys are 5K to 70K shares, big guys not here yet but surely watching.
The PHOI# deal is all that can save this but thats only good if Bill acts and he won't. Bill did a number here. Sold all at .08, won't even think about getting back in until double zeros, and even then there will have to be some serious news.
If you've been hanging around this sector for even a couple of months and are not big time into this one, you're not paying attention.
Surveys, prints and planning and zoning approval are all in place well before the first shovel of dirt is turned. The work in your photo was done after the above was settled or they're not serious. BTW, that's not a security fence.
I've built buildings in the north in winter, what I see in your picture a couple of laborers could do in a day and a half. how long have they been talking about this building, three weeks, a month?? This ain't right. It was a great run to .115, Bill made money, I made money and I know many of you did too. I may buy back in when this gets below a penny, or I may not.
Working together? I don't think so. The PHO#/FITX deal is contingent on FITX acting and they haven't and its beginning to appear that they won't, or can't. FITX needs that cenbio deal to survive, PHO# loses nothing if FITX doesn't hold up it's end.
Detroit lawyer, vague ownership situation, contingent Canadian deal, no money (except yours), steadily dropping - get out of it now.
Great link. Old but very informative. Good job!
When volume goes up, price will go up. Volume will go up with news. Everything else is just BS. Patience.
8 of the 10 most active boards on ihub are mj related. Its all about DD, which are real, which are fluff.
There is just too much in the media about legalization, medical uses, company start-ups, etc to not like this industry. Go through the Sunday paper wherever you live - guaranteed you find a story or article about MJ, a positive article listing its benefits or rapid progress towards acceptance, moral and legal. All investors, new and old, are looking at it as something whose time has come, much sooner than they thought it would. There will be flips and profit takers for sure, there always are, and many of these start-up MJs will be dust soon, but this is going to be around a long time. Slow, steady, deliberate move up.
That video alone, without any PR, will move the pps. Don't need a spike north, that only means a sure spike south. Slow steady growth - nice and easy does it every time (Sinatra).
Two places you never rely on for investment advice - IHUB boards and SA.
Six or seven of the ten most posted forums are MJ stocks. The stadium is filling!!
PHOT is pumping up a "bankroll" with Friday's vote. They're also looking, like you and I, at these new pot and pot related start-ups, of which there are many. IMO they will sift through them, perhaps find some that will be benefical and open up the bankroll. I don't think those new shares are going to be tossed out to the masses, and if they are I don't think it will affect pps too negatively. We went up 11% today on strong, firm volume - a lot of people watching, thinking, deciding. I'm thinking.
Up over 10% on high volume says a strong, firm move up to me. My only concern is - will fit# be able to hold up its end of the recent deal. I'll be happy when I see that building in Ontario coming out of the ground.
Merger?? Not right away, but down the road - these companies (PHOT, FIT#, EDXX) seem to be establishing inter-dependency.
Oh, but they do. Look at the issues that have been "standing still" for years waiting for you to send them funds.
That practically defines the pink market.
Looks like a grind until 2/7 - however a northbound grind. Its clear that there are some big players watching this sector and licking their chops in anticipation. Some, I believe, have already made a move, such as here at PHOT. You don't bring on merger and acquisition lawyers from DC and administrators from Micro-soft if you're planning on standing still. The share increase will provide more ammo and the growth will begin. Hang on!! IMO
Nice and easy does it....every time.
The US Dept of Justice regulating financial transactions in an industry that is illegal under federal law - how long will that go on before a change takes place?
The one thing that screams "legitimate" here is the connections. Newly legalized popular industry with huge $$$ potential becomes attractive when savvy minds get involved. I'm in and will stay in - nothing that has happened over the last few days or weeks will change that. I will however, watch close.
I keep hearing about a possible deal in the works with PHO+ and this guy. Anybody have any details about that?
Those sitting on the fence watching this sector will show up here tomorrow, along with today's FIT$ sellers. Should be a good day. All the MJ stocks are vibrating!!!
Got a whiplash from that last 30 minutes - hell of a day!!!