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It was a great conversation regarding splits, and it helped me get a better understanding. Thats what these forums are for.
Thank you everyone that joined that conversation.
OTCQB list on OTCmarkets.com: When I opened this and saw they were not listed as OTC Pink in any catagory, I asked when they upgraded. I still cant find out when they upgraded to the QB bracket, yet everyone lists them as such. In the OTCQB directory you are absolutely right, i cant find PHOT on there. I say again when did they get upgraded? Is the directory wrong? What list can I find PHOT?
Are we going to get news of this upgrade? Where is the SEC filing?
Financial Reporting/Disclosure
Reporting Status U.S. Reporting: SEC Filer
Audited Financials Not Available
Latest Report Mar 31, 2013 10-Q
CIK 0001161582
Fiscal Year End 12/12
OTC Market Tier OTCQB
http://www.otcmarkets.com/stock/PHOT/company-info
Growlife, Inc. (PHOT)-OTC BB
0.0470 0.0039(7.66%) Jun 14, 3:59PM EDT
Add to Portfolio.Prev Close: 0.05
Open: 0.05
Bid: N/A
Ask: N/A
1y Target Est: N/A
Beta: -0.35
Next Earnings Date: N/A
Day's Range: 0.0451 - 0.0515
52wk Range: 0.01 - 0.12
Volume: 7,653,191
Avg Vol (3m): 5,432,470
Market Cap: 24.96M
P/E (ttm): N/A
EPS (ttm): -0.01
Div & Yield: N/A (N
http://finance.yahoo.com/q?s=phot&ql=1
I know they are not on the split's list. I thought we were just having a discussion.
However the top right hand corner says they are OTCQB. It must be wrong im sure.
http://www.otcmarkets.com/stock/phot/quote
But then according to the Grassroots report it also listed them as OTCQB and not Pink.
I remember that. Great utube videos came from that day. I was pissed.
Not enough servers was what error 37 was about. D3 is still a fun game.
The company and long term investor would benefit from a reverse split.
Shareholder would benefit from share buy back.
And high speed computer short term traders would benefit from a forward split. Because the first person to get the sell in wins.
Because there are too many shares float, and big hands sell on the site of any profits. There are not enough MMs to push this up. . . Yet.
Big quarterly financials, with big revenue increase, due to sold products, not sold parts of the company will bring in new big MMs and kick this pps up.
It does work.
Activision reported 3.072 billion dollars in revenue for 19 games released that year.
Blizzard reported 1.609 billion dollars in revenue for 2 games released that year.
The 19 Activision games do not require an account and can be sold and resold time and time again.
Blizzard does not allow resell and binds the game to your Battle.net account.
Could you imagine the money Activision would have made if it required an account for each game sold. profits would be huge.
Guess what my friend just bought Diablo 3 the other day brand new for 45 dollars and the money went to Activision Blizzard.
The reason blizzard is such a renowned and successful game developer is because they have the money and they make the money from their games, to release better and more promising products.
Just throwing things out there or do you know anything specific about a buyout.
I think he is foreshadowing an acquisition for FNMA and every house that gets purchased will come with a phototron.
Or are we just randomly talking about un-realistic news.
The forward Split is the opposite of what we want. we have roughly 531 mil shares outstanding and 430 mil shares float, I dont know what the A/S is but its probably 800 mil. why on earth would we want to increase the OS to 1 bil. So that the company can throw more deluted shares on the shareholders.
We want to see is a share buy back, to decrease the amount of shares float and increase what the company owns.
A reverse split would just decrease the amount of shares we own but keep the stock price the same, which will make it easier for the stock to go up, but we make less as it climbs.
forward split would increase the amount of shares we have but keep the stock price the same, which makes it harder for the pps to go up significantly, because there will be rush sells at the slightest increase in price.
Phototron Commercial aired on Comedy Central 3 times. Hmm I wonder what type of audiance they are shooting for.
http://www.ispot.tv/ad/7nH9/phototron
The advertising campaign, centered around a two-minute commercial feature, will debut on first tier national television networks including Viacom (Comedy, MTV, VH1), Bounce TV and more. New networks and channels will be added periodically
http://www.prnewswire.com/news-releases/growlife-unveils-national-phototron-media-campaign-reveals-tv-ad-209474531.html
When did PHOT start reporting as OTCQB
5,000,000 shares for a Public Affairs officer please. Thats all i have to say about that video on MoneyTV.
CEO on MONEYTV
The CEO is not very good at speaking on Camera. He needs to work on how many Umms he say's. Obviously he is trying to talk about things he cant release yet, but trying to build confidence in the shareholders that they are selling so many of these Phototrons that they are trying to figure out how to increase the number of phototrons faster, or just increase the number of available phototrons. He said that its great to be figuring out how to make more, which is good for a company.
? how is it good for a company to be figuring out how to make more Phototrons. or are they selling so fast, that you need to figure out how to make them FASTER.
You can watch the video as I will provide this link.
http://www.moneytv.net/ to actually find it click through the videos in Company Update Week 23, its a slide arrow as such.
PHOT is not a Pink. I didnt realize this before but they are listed under OTCQB.
http://www.otcmarkets.com/stock/phot/quote
Photosphere sell kept his company from reporting losses.
45,000$ in parties. Money well spent.
That does not help them sell no THC products. I will wait until there is a vote, or news from the gov that they may legalize. Until then this stock will join the other MJ companies at .04-.05
Im not im going to sell during the hype.
Here is a link: The Government does not care about how profitable they are, they are just stuck on making sure that FNMA and FNMC do not trade public again. Ohh and if it does, guess who has been buying preffered shares.
http://www.businessweek.com/articles/2013-06-13/fannie-and-freddie-are-super-profitable-but-congress-doesnt-care
Riddle me this Batman, where does FNMA profits go?
Not to the company.
What happens if conservatorship ends?
169,000,000,000 shares go somewhere, and its not to the company. That is why Paulson and co and others are trying to buy out the preferred stock. They dont care about the common shares. The common shares mabe worth more right now, but when paulson owns them, and all those other financial institutions guess what they see in their eyes. $$$$$$$
What was the plan, end conservatorship and let the shareholders take the hit. I believe this was paulsons plan.
Its not worth much right now because of flippers. There are too many shares float.
It works like this:
imagine 5 people sitting at a table and they play a money game.
Every 1 second; 1 dollar appears on the table, however the first person to put his hands on it the money stops and he/she gets 40%, 2nd 30%, 3rd 15%, 4th 9%, 5th 6%. Now at the first 100 seconds there is only 100 dollars and first guy gets 40 bucks of that, so nobody is going to hit that. But as it gets up to 1000, 4000, 100000, Everyone wonders when the first guy is going to put the hands down. Well eventually 1 guy does, and everyone else hurries for 2nd, 3rd, 4th, and 5th looses.
This is the same game. however 90% of the shareholders are the 6th guy, and there are some bigger guys that are willing to put their hands down at 100 seconds, because they are playing alot more games than you.
This stock moves up when financial news is released and the big hands let the clock tick. But its over when the big players put the hands down.
To understand why this company will never be worth anything, do this math problem for me.
GOV = 169,000,000,000 (how many shares they own)
FNMA = 56,000,000,000 (their profits)
now lets divide the earnings by the shares.
FNMA / GOV = .33 thats the price per share.
A profitable company almost fully diluting the shares, how does this not make any sense to me. take away phytosphere and what do you have. Losses.
Irrisponsible: The CEO informs us on a vacation to Europe and say's nothing about it. He could have said anything to let us know he came back. He didnt though.
Expo: I read about how ZERO was not at the Expo in Montana, and people claimed that no major company had a booth at the EXPO, which I wouldnt expect them too, as they are already set. Why the Hell would a major oil and gas company try and explain to people that their stuff works. Its the other way around. The companies trying to sell their product have booths, to the major companies that are walking around and seeing these new products. Why wasnt ZERO trying to sell AOT's to the major oil guys walking around.
Irrisponsible: the CEO of ZERO. The only honest news this company has put out; is in the title of the last PR. European Roadshow. Enjoy your vacation.
I picked up some today. actually I picked up alot. Financial news is what will bring this up.
We got the report, now we just need to prove it to be true.
We dont need anyword from the GOV, we got good word from Martha Stewart. And a video of her using a friggin Phototron. You know her house is lined with them for the winter so her plants dont die. lol
But taxes are steep.
I started with 500 dollars and no help and after loosing 50%i figured I should do research on companies before I buy. I still have not put any money in my account and I'm over 20 grand.
I think I played the hype well, and got out at 4.70. I thought about buying in again but I was waiting for the drop. It went to 2.10 and I said not getting back in.
People are scared to enter into this one again.
If you actually look at the other stocks Liberty holds, this is the only one on OTC markets, and is less than $18.00
I am thinking about dropping another 10g in this stock. Honestly this is the first stock I stayed in over a week. But according to my charting I entered in a bad position, and I need to cover down in the .80 range.
I was just looking at the companies portfolio and it is pretty high end portfolio with great stocks.
I see no 2.5 mil trade at 1.03 on L2.
OMG really, does anyone watch these movies. Are they on Netflix. Im going to watch one.
thanks man, my lack to actually look it up is about as good as my assessment of the company. I just like to watch the 3 marijuana companies trying to beat the system.
The Myself firm company right now is announcing this stock price should be 22 dollars.
I am being fisecious
Game re-sells are what is killing the gaming industry, and XBOX One will prove to be a success, and the development industry will feed off the higher profits from Microsoft. Sony will continue to loose money, developers will make less money and that is what will kill the PS4, overall effecting Gamestops revenue.
Enjoy that 60 dollar PS4 game, I will be paying less for the same game on the XBOX.
**Great Short opportunity before 1st qtr earnings 2014**
Regarding XBOX One!!
This political move is not in regards to the gamer, its got everything to do with companies like Game Stop, Best Buy, GameFly and other profit leaching smaller gaming stores to stop selling used games.
If the company sells you 1 copy of a game they make 60 bucks. Then you sell to a 3rd Party for alot lower you get 5 - 19 dollars. Then the 3rd party resells that copy at 55 dollars, which is rather common. This goes on and on for years and 3rd party sellers are making more than the company that actually developed it. How it all does this make sense?
It Gamestop, GameFly, Bestbuy resell program, and other smaller companies that are keeping the price of games so friggin high, because they are not seeing the profits, those other companies are. Go ahead and pull up the ticker simbols.
So now Microsoft is paving the way, and when they are pulling in higher profits and less cost of goods, then you will see that this was a good buisness model.
I cant wait to see the reaction of your face when you pay 60 dollars for a new game, but for me when I buy my Xbox One game its only 40.
Better yet when you buy a used game for 50 bucks and im buying new ones cheaper than you can get a used one.
Blizzard Entertainment was a prime example when they released Diablo 3, World of Warcraft, Starcraft II by attaching these to a Battle.net account, 100% of the proffits came to the company, not a 3rd party.
Where is an update about all these things they are doing. I am tired of looking at the Vacation they took to Europe, I want to know what is going on. Anything.