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He's actually been around the longest on this board, and unfortunately experienced the ups and Downs.
And another one:
Development Update Tony Ciabattoni, of Laguna Beach, CA, recently made a $25,000 gift to the translational research program at Yale Cancer Center. Mr. Ciabattoni made the gift in gratitude for the counsel that Dr. Roy Herbst provided to a friend who is receiving treatment. For more information about the YCC grateful patient program and to speak to a development officer about participating, please contact Peter Lamothe.
This guy is way too consistent: a track record of community service, generous donation, and the empowerment of others.
Some interesting public tidbits about our new investor. Definitely not a scammer.
http://samborangel.m78.com/samborablog/archives/2008/03/30-2031talboid.php
Nice post. Be very careful about Canvest, AB has a nice article about MJNA in SA.
What is interesting is they have an opportunity to scale this SaaS platform for GPSI and create a national standard for the collection of revenue under full government compliance. Their value proposition is enhanced through capital, hardware, and hydroponic equipment packaging. If they do this right they can create offers that would be hard to compete against. This new investor had a large office furniture company that sold to Fortune 500 companies. He knows how to do this.
A little DD on our new investor. Read this carefully- towards the bottom Anthony is mentioned. These guys teach honesty. Not surprising, GrowLife is about integrity. Folks- this is why we got $40M:
http://www.rigsbee.com/ps2.htm
That's a cool video!
Reminds me of the F-14 catapault shots in burner, 0-150mph in about 1.5 seconds :)
Go PHOT!
I like how the JV will be structured for the intentional development of a platform which GrowLife will be the center of. They mean to develop a national cannabis ecosystem of interdependent companies. This is hard stuff- need experts in a variety of fields. Most important- need a reputation of integrity and collaboration. GrowLife has a great start.
Nice post.
So a logical conclusion is that first movers like PHOT can define the space and build a national brand by moving aggressively and with discipline. What an opportunity.
This area for investors is not for the faint hearted. Dude's dashboard certainly shows a bloodbath in the last six months in this sector.
That's like a dashboard for a pilot navigating this space. I bookmarked it and recommend people do so. It's even more compelling, same stocks in the last six months. Only two stand out (PHOT is one of them). AB has called this right.
Dude you can be my wingman anytime :)
Of there is, on Nasdaq. AB's article has it mentioned along with PHOT as the best plays in the market. Cannot be any different companies.
I think that PE firms love startups. Not necessarily penny stocks. I think PHOT is a rare, transparent company that can be fully evaluated on the OTC. And that's why we attracted some investors- who have skin in the game with their agreement to control the JV operations until we know what the heck we are doing.
Smarter may not be quite precise and I know I've used that word in the past. Wiser may be better. A mixture of intelligence and experience.
There's a great deal of that on this board, that's while the Execs actually monitor what goes on here.
Ha! Just hope it's not like the Boeing 737 crash in Russia. I think PHOT has a few instructor pilots in the wings.
He's got help now I think ;)
Is this an unrecoverable stall? Or do we have enough altitude to recover!
With Fortune 1000 experience? Can you imagine the networks these guys have?
Dude this is a Cat V fighter- waiting to take off!
Changed my mind with the news, got back in lower than I sold. Things happen fast with this compsny
I like the Hindenburg example better
Key point, more important than $40M from Alan's article this morning:
One that I think the market hasn't yet figured out is that the JV has the right to appoint directors to the board. My understanding is that these will be successful business people with Fortune 1000 experience, a considerable accomplishment if this comes to fruition.
Great information.
We need someone smart on the IT side to explain what is so special about the GPSI technology. I mean I'm relatively saavy in healthcare IT. My question would be why is GPSI technology so special?
Here's the link to the GPSI board. I'm not sure if the members have a clue about the connection.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87214193
Great job.
There is an additional link: Kurt at Integrityir (our IR guy) happens to run the GPSI account too:
http://news.silobreaker.com/kurtintegrityircom-11_547372535
May you post the link to the video please.
Awesome! Feels like being in a high performance jet again. Spent a few hops in a F14 with a pilot practicing his rudder reversal. Straight up full stage 5 afterburner until stall, full rudder, nose falling off to deep dive. Sky gets to a nice purple color. Those were fun days.
Go PHOT!
"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."
Nice post.
They might have already given 4th quarter guidance in their last PR, which said they are prudently withdrawing further guidance.
We know they have a GIFT deal in play, not sure how they will report that. I think the PE firm is fine tuning their business model.
Its a different company moving forward. Their stores might be leveraged for networking and deal flow. Finance is the big play now.
Lol. Women and their families are demanding. Need to be perfect all the time :)
So we need to watch this company like a hawk. It needs to perform. God knows its made a runway and has a toolkit in place.
Now we are talking! Cool beans.
I was in the North Atlantic with no divert 22 years ago and went around the carrier 11 times both nights. There was no Bingo profile. My pilot had to land or we would have ejected on the last go-around. Yes it was foggy, hard to see the ball with the windshield bleed air not working two nights in a row.
Now I just deliver babies and hang out in the operating room. Oh yes, doing the MBA thing.
This feeds into the baby boomer's young adulthood rebellious experiences. Now they have power and resources and are wiser, they will want to see this through.
The power of cultural change in this industry is unstoppable.
Okay :)
For you Fibonacci/astrology folks out there, the lead investor is Year of the Monkey. Sterling is also a Monkey (12 years difference). Good for business :)
Keep talking that way man, keeps us on our toes.
I was a back seater in the F-14 Tomcat before being a doctor. Have 1000hrs and 300 traps on board carriers. That makes me humble- I am constantly evaluating my positions.
I evaluated CNQR daily for 12 years!
Welcome- for me too, it's been really wonderful trying to understand how traders think.
He's also given charity to Yale's prostate cancer research center. I'm not going to say more but the guy is real and probably believes in the therapeutic effects of cannabis. CANX says it all :)
Might be. They have their work cut out for them. The only thing for certain is the floor of .03
Hey these guys are getting old. The lead investor is 69. He's not going to waste his time on a crapshoot.
No I do not believe so.
However Anthony will when he is a board member. And there will be 2 more board members from CANX. He's basically CANX LLC, we will know more by 31December when the PE firm must report who their officers are.
Founders of companies, like Anthony are smart, they won't execute their warrants if they think there is potential for long term growth. Steve Singh from Concur has held on to his 1M shares for decades. He sells about 10k or a bit more each year.
My sentiments. The new investors knew they would miss earnings. That's why they will control business operations. If they did not care about PHOT they would not be involved- but still would want a return on their shares the way it's structured.
So- if you invested $40M and are incentivized with more warrants with more deals- and you actually control the JV- will you not want the share price to rise? Hello- smart money is here :)