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Anyone wanna sell me some more shares for .0381. LOL I feel like Im robbing someone with how great this price is!!!!
Company also commented that Q1 is historically its weakest quarter!!!! Management change + substancial growth + increased revenue = higher PPS for us ;)
Go PHOT
Hoping for some .038s today!!!!!!! bet this is the low before earnings.
Longs that made oney are slowly losing it all. Flippers be careful, but you can still make some money if you buy the dips, but remember their seems to be several sell offs per day here. Wonder why????
What did they deliver on? What great promises have they kept to you? Where you patiently waiting for the latest chip they created for coin-op pinball? What a joke. All they have managed to do is pump the shitt out of their stock with paid promos. Maybe they weren't responsible, but someone is dishing out a bunch of money to pump this, and I bet they want a return for their investment. Do yourself a favor and either try and figure out that persons (or people)
And they where unable to gain a healthy customer base until their products where tested and reviewed. That was my suggestion all along. Wait until the Nuvola release and review. If the product is good (the first good product from NTEK) then invest knowing that your money will grow. What if the Nuvola doesn't come out as expected? The hastily made website can come down as fast as it went up, and a lucky few who where scamming everyone all along will laugh all the way to the bank talking about how smart they are. People can see manipulation when its present as strong as it is here. I hope people can make money here, but look at the chart and realize that it has a long way to fall yet if the company doesn't start to deliver on things that matter.
Questions to ask
1. How can a company who had just $8k cash on hand a couple of months ago build a unit that will outperform anything large corporations have come up with?
2. How can this same company come up with even more money to buy other companies, sponsor fighters, and buy back shares all at the same time?
3. Why would a CEO have a company buy a business he already owns that supposedly already has positive cash flow? (is he that generous? LOL)
4. Why haven't we seen actual pictures or beta tests of the Nuvola? Instead we hear about other news to take our minds off the subject.
5. If the company has such a great product shouldn't they be able to get backed by a financial institution in order to properly roll out production?
6. Why would anyone who claims to have $250,000 worth of shares at .10 (some of IHUBS favorites here) and state that they won't sell as they lose half the value and continue to go down.
Do they really have that much faith (possible) or are they liars working together to attempt to get over on you (also possible.
Good luck man......
No thats just one article I wanted to point out. List to come
And unfortunately I follow through when I say Im gonna do something unlike the company. LOL
BTW do you like the CG pics of the Nuvola? Because no one has actually seen the thing.
If it sounds to good to be true then it usually ..................
Glad your position is small, but if you go up consider selling before the plummet
I didn't name my list because I don't want to frighten the people that are already underwater. Id like to hear your list though, and Ill post mine in return if you'd like.
Better wait for the Nuvola release and review before you consider investing here.
Why you ask? I have a list that can goes on for a while, but do your own DD and you will see what I see. Also be careful taking advice from me or anyone else on IHUB. Everyone here has an agenda, and most of the time that agenda is for their personal gain, not for anyone else.
GLTA and be careful when investing your money in something this volatile. Its better to sit back and wait for proof and miss out on a little upswing then to jump in early and risk losing a substancial amount or it all.
PHOT! Can we get back on topic please.
Unfortunately I dont think we have seen the bottom for today. Also, unless NTEK comes up with some more news this will go lower tomorrow. People are starting to realize that the pumpers on here are the MMs they are worried about, and also that we have yet to even see a physical picture of the Nevula. CG images just don't cut it!
Come on earnings release! ;)
Honestly I have no idea what price I would be willing to settle at. Personally I keep the majority of my portfolio as a retirement opportunity, so I will hold most of my positions for at least a decade. I first found PHOT and planned on trading it for a good flip. After looking into the fundamentals of the company I decided it was a rare pink that could eventuially make it to being a blue chip ticker. With that being said I also believe a lot of the outcome is a legislation issue. Since this sector is in its infancy no one knows exactly what is going to happen. I believe that once the retail store have been around for a couple of earnings releases, and the company puts itself into a position where it has a good deal of cash in hand, and potential for share buy back, then this will explode. At anytime now I think we will see this move as high as 3x what it is currently.
A lot of good news building up to the bomb (Q2 financials) this is gonna explode soon!!!!! Hang in their people it is almost time for our good investment to prove itself ;)
What makes you think dilution continues? If anything recent facts are leading us to believe that it is no longer necessary. Feel free to sell at your so called "ceiling," but don't be sad when we go past .10 and never come back ;)
The first will be MDBX. That should happen some time very soon, but PHOT has a solid foundation built, and I am willing to bet we will eventually be a blue chip stock, but that is far away in the future.
I couldn't agree with you more. I always enjoyed that Sterling was strong in the law aspect of things, but adding additional management with solid histories is a great move!!!
Anyone that has read my posts is aware that I think grand things are on the way for this company, and this is a move in the right direction.
PPS will be on the move soon. Don't get shaken from the tree right as it starts to grow.
I saw this informations on the companies FB or Twitter. I combed through both on my phone at the same time and saw the fighters then checked their bios. Decent bunch if they can maintain their records when they bring it up to the next level.
I personally don't remember seeing a date for Q2 financial release, but I was expecting it mid August. I will recheck the recent PRs, but won't have time to do so until Monday.
NTEK sponsored fighters will be fighting in the UFC on both Aug 10th as well as Aug (14th or 19th) I can't remember, but it could very well be that. Regardless NTEK's name will be on the UFC twice in August.
A lot of tech stocks are down today. Maybe thats why the sell off was so severe.
From now on I will do all my buying with BMAk and will not pick auto when I sell, so you will never have to worry about BMAK selling anything I've ever owned.
Your welcome buddy!
Generally it is just PCB running his mouth, but when you listen to him for a little over a month its starts to get a bit entertaining. Their are some good posts on this board, but a lot of the technical traders left when the volume dried up, and the volume won't return until the next leg up. At that point it won't really matter how many bashers come to IHUB because this ticker will be on a steady incline.
GLTY if you decide to invest. I have been accumulating for a while now, and am excited to see this companies abundant growth in the next few years.
I would like to reiterate that I wholehearedly believe that the days of dilution are behind us. Their are still shares being held from the most recent merger that can be sold of shortly, but if dilution stops they might just hold onto those. Now that this company is stable enough to get a revolving promisary note they no longer have to generate cash at the expense of PPS.
I have to ask you why you think a company would go public in its early stages if it couldn't use the money to benefit the company? Do you beleieve that recent mergers or hires where a bad idea, or destructive to shareholder value? I thought that all the moves thus far look good for the long term future of this company.
In the sake of honesty I will gladly say that I plan on dumping about 1/4 of my position in this company at roughly the end of the year, but by that time that 1/4 selling will pay for the other 3/4 I hold, and I will have a nice comfortable position that I can let ride for years with no regret.
Years is the key word here. If you want to see PHOT potential then you will still be here in 2017, but if you are I bet Flippy will actually be happy ;)
Best part about that guys is how he gets ultra worked up about half the information when a PR hits. Just when you start to get frustrated with his anger you reach the bottom of his post which states. Flippy is happy! LOL
MJNA makes you realize how efficient paid promos can be, but we got this PCB. We got this all day long!
This is a vicious cycle. PPS being down makes you cry, yet you crying helps keep PPS low. LOL
For a couple years the OS was definitely diluted, but the company didn't try to cover that up. The dilution was necessary to keep the company afloat. This is one of the benefits of having a public company. Especially when you are dealing with a niche market that has yet to come ot fruitation. At this point in time diluition is no longer necessary. If the company does in fact want the PPS to increase (of course they do) then they would have to not only stop the dilution, but also consider buying back a portion of the shares themselves. That is what I believe the company is doing currently, and this will be reflected (if you or I am right) in the next financial. Again I would like to point out that they have legitimate financial, and that is a huge positive in the long run.
I don't have anything against you at all PCB, but in order to make a stand for the company I believe/invested in Ive decided to respond to a lot of your posts which seem to have the intent of scaring off potential new investors.
The same ice company that burned down not awfully long after it started, and was rebuilt with insurance funds? LOL
Give it some time I bet they will respond to all your worries with something that could possibly be seen as a positive.
One entity that would benefit from a slightly lower then normal PPS would be PHOT itself. Now that they have a revolving promissory note they no longer need to dilute in order to fund operations. This would be the perfect time/price for a share buyback opportunity.
One thing that could not possibly help the PPS is the relentless comments coming from you. What is your goal here?
I respect you opinion, but will not take your advice. Im looking for another 100K today under .04 That will finis my accumulation until earnings.
PCB if your average price paid is higher then you like I would like to suggest buying in at a lower PPS. .039 is an amazing price. I have been accumulating in the .042-.044 area for over a month and am overjoyed to see this temp. lower PPS. I have been able to lower my average to .042 and may be lucky enough to get it to .041!!!!!!!!!
Play this smart bud. You have been here long enough to see it will rise again, and with recent positive moves it should go to an all time high before the end of the year (maybe even by the end of the summer)
Tough it out man, but don't take a loss!
WRONG!!!
At one point in time it was necessary to fund the company with shares, but this is no longer the case. I wouldn't be the least bit surprised to hear about the company buying back shares when they release their Q2 (audited of course!).
Revolving Promissory Note
On June 7, 2013, GrowLife, Inc. (the "Company") entered into a Revolving Promissory Note (the "Revolving Note") with W-Net Fund I, L.P. ("W-Net"). Under the terms of the Revolving Note, W-Net agreed to advance to the Company, from time to time and at W-Net's discretion, amounts up to an aggregate of $550,000 pursuant to requests made by the Company until July 31, 2014. All advances shall be paid on or before July 31, 2014 and interest shall accrue from the date of any advance on any principal amount withdrawn, and on accrued and unpaid interest thereon, at the rate of seven percent (7%) per annum, compounded annually.
Why sell at .04 when you know its going to climb back up?
This is one of the only pinks that actually discloses real financial statements, and those statement say the company is doing good. This is the perfect PPS to accumulate and hold for higher PPS. If the volume goes back up we could go as high as .25 by the end of the year. Hang tight people its been a ride so far, but this ride is gonna get good very soon (a month or less).
Im glad they are trying! I was starting to think they where gonna let people wander off with no new news until Q2.
Thanks PHOT!!!! for caring about shareholder value
From what I can tell you trade with the strategy I am currently trying to hone. If you ever have any advice and are willing to share I would love to hear it.
Keep making money good sir!!!
Im not gonna lie I expect every Pink sheet stock to be built up with the intent to funnel money to management. With this being said I came here with high hope for this company which seemed to be a rare exception.
After I was here for a few weeks I started to get the feeling that "the old tricks" where being pulled again, but this time they where doing a better job of convincing people that they where legit. I posted how I felt about these problem, and generally when one person feels this way, many others do as well, but don't want to voice how they feel.
Every serious issue I have had (exception being the ridiculous private responses by some) has been addressed in a somewhat timely fashion. As a result my trust in the company is pretty much restored.
I am still only hold 1/4 of what I previously owned, but I will hold this for good to see where it takes me.
If you don't like what I post here feel free to block me,
When you saw what was going on why didn't yopu use your knowledge to play the dips?
I agree that the NTEK site is secured now, but when I wrote that comment yesterday it was not. Therefore I was not making things up, but making a statement about something I observed.
You can be as upset as you want, but it is easy to feel out the emotions of the general pop. when these paid PR statements come out (yes paid). With a little foresight half of ones position can be flipped to generate profit for other endeavors. Lucky for people with this type of stategy that this company is making some ridiculous decisions when releasing news.