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Wait where a we getting all this information? Is there a public announcement I missed?
And Should I be selling y stocks 30 minutes after the market opens on Friday?>
So when Friday Trade opens sell at 0.20/share at around
10:30am EST??
yes apostle that is what I was afraid of when I saw all those people exercising their options at .02/share
Is this confirmed though by the SEC?
I didn't realize today was good Friday When I saw none of my positions moved today I almost had a heart attack thinking all my positions were suspended.
The top officers of CANN did not sell their stocks a day before they got suspended. In fact none of the officers at CANN sold their stocks. And also they don't have blood sucking lawyers looking to sue.
which one?
ok I am in but fact is we don't even know why the SEC suspended them... there is no details of fraud. But if you want to write up the affidavit count me in. Which state attorney did you speak to?
What do you think the bounce on Opening day would be?
Ok any news about PHOT? Have SEC disclosed why they halted the stock?
Very disappointing that they only went up to 0.056
you sure it would go up that high?
I don't quite understand can you elaborate?
That is what people are sayin over the weekend for this past Monday... and It fizzled... I am quite disappointed
how can it be a great chance to exit when we have all these people wanting to sell to a few willing Buyers... I mean shorters will buy it very low. Who will buy shares at say .20 or more?
more shares = more people selling = more shares on the market to be sold on opening day.
It was 0.22 they promised
and the stock did go beyond .22 in January.
Apostle if the past history is any guide I would say you are correct. just a curiosity. Why did CANN not go below subpenny? or is today just a bounce that we are seeing?
Why am I getting the feeling that it would only be .15
Audit firms can be sued if the their client's Financials contains material errors. If a company is been sued under Securities Act of 1933 as long as there is misstatement Auditors can be sued for Fraud.
Under Security Act of 1934 Their has to be scientor in order to sue Auditors for Fraud. However auditors can be sued for Gross Negligence if there is misstated Financials. Their defense would be that if auditors have done their due diligence and performed the audit in conformity of GAAS Standard, then they are off the hook.
How the heck PHOT got up to .777?
I m just looking for a bouce to .30 Doesn't look like it is happening
yup it does say growlife alright. But still The future is uncertain for this company now... It seems to me that the best case scenario is a buy out if you choose to hold on to the shares
It will not get out of greys ever. Because no one is going to be the person to guarantee a company under SEC investigation Guilty or Not Guilty aside
Apostle didn't you took out your initial investment?
oh I was truly just wondering if there is something new. That's all. And yes I am jumpy cause half of my savings is in this. Should have known not to invest in a Penny stock
Does ERBB file with SEC even?
Thanks!!! Great News! Lets hope SEC keeps this company trading for awhile
What Email from Sky?
So what about it? It was old news that they were trying to form a partnership...
Just when my hopes are up this company is trading below $0.01...
I mean they can't be seriouse
I have been pondering his scenario I mean Considering Phot has profitable stores and partnerships. I didn't want to jinx it. But it really is happening? Tell this is for REAL!!!!!!!!!
This is the best thing that can happen I was hoping for this
Well The way the SEC looks at it like they have to stop the cycle somewhere. so It would suck for the people going long. Great for the people going short. Cause during the Grey markets the shorters are out in full force buying low and selling high after 30 minutes
so upward limit of 0.30 at what time?
I know there is going to be a dip and then a bounce. How much do you think they will bounce back by?
SEC technically speaking can stop a stock from trading under the reason for Protecting the investors. Now SEC would do a investigation behind the scenes. and when they have enough evidence to believe something is going on they can just issue a suspension. They are not obligated to disclose anything substantial other than a general notice that the stock is suspended for questionable tradings and questionable public information. and usually they will just take their time and 1 to 2 years later they will come out and tell the world their reasons. If a company is in Nasdaq it can weather the storm better. Because when the suspension is up after 10 days they are still in the nasdaq market. But for Penny stocks which is in Over the Counter. a suspension is just a kiss of death cause they will be traded in the Grey market with a Skull and Cross Bones telling Investors Beware Company under investigation. For them to get back into the OTC market they will need an underwriter to vouch for them and give them a quote. Usually who would want to stick their neck out for a company that is under investigation? and the stock will just dip and the company will have no way of raising enough capital through stock trading to weather 2 years in the grey.
People I am really not sure what to do at this point... Don't know if I should sell at opening like what people have been saying or go with their questionable Financials which really suggest that they are about to explode. And SEC will not say anything as to why they are under investigation I wish the SEC can offer more details. I know they won't do that until at least 1 year later
I hope you are right cause I know the SEC is out in force going after Pot Penny stocks. I really need ERBB to come through so I can make up some of the lost I sustained from PHOT. I hope ERBB don't get suspended
Does Tranzbyte report to SEC? Thing is when I tried to look them up in SEC Form 4 for insiders trading, I can't find anything. Weird
Where is e Bounce Damn it????!!!!!