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I don't see it
They have revenue. Just losing money. One thing that I learned from PHOT is that real concerns comes into play when the company pays its staff Shares. I don't see that in ERBB's financials. Their staff gets paid hard money
Thanks a lot for your help I think you are the only one here that truly gave useful information that helped me decide on what to do.
What do you think about ERBB? Would you trade them?
So should I break up my holdings in to 3 separate ask prices like 5000 shares at .29/share, 5000 at.3, 5000 at .31
To be able to have a better chance at matching?
Sorry I am new to the acronyms but What does mm stand for?
And you think it is plausible for me to recover 70% of my value?
So buy in the first 2 minutes to 30 minutes. Then sell at 31 minutes after the trading begin?
This sounds really risky
You seem to know the most about Trading in the greys. So fill me in on this. So when it opens the stock will be really low. And then There will definitely be a bounce?
If that is true.
Then I should buy when it opens and then sell all at the bounce. Am I correct in that assessment?
When is this stock going to fly? ARRRG I am hoping this will offset my losses from PHOT
Thanks for posting Zombie. Now I know I am screwed
Have you seen their office?
FIT probably tipped off SEC with their findings... Maybe
Anyway you look at it, these guys are toast. ....
So is my Money
How come the top of these comments has Growlife shares at .89?
I hope this is true so that I can sell when it opens in 2 weeks
Growlife Inc. (PHOT)
0.89 ? 0.0 (0.00%)
ok That clears it up. thanks
Where are the sources that substantiate all of this? Can you tell me. I am not been a smart @SS I want to know
I stand corrected about the prosecution part yes the Lawyers at DOJ prosecute the FBI does a criminal investigation. As far as whether Insurance covers fraud... Do you have a reliable source that says that?
very well said Lucky. Problem is we don't know if he knew about the suspension before hand and we don't know if indeed he followed the rules of engagements
Well apostle I have been reading the posts here for 6 month. and Before I bought my shares. and when then 1 week later my money got stuck so yeah I am pretty jittery. but fact is you don't know all the facts. Neither do I.
You are wrong on that Insurance company do cover fraud. That is the reason why public companies have to have insurance to trade publicly in the first place. And
Second you are correct that the corporate veil will be pierced if there is fraud that is why shareholders can sue the insurance company the People that committed fraud the auditors and any one else that you can sue.
Third SEC don't prosecute the FBI does. SEC is not part of Department of Justice they report directly to Congress
ok Guys I really need all of you to calm down right now. And do your research. Cause the only facts we know for sure is that Sterling sold $2.8 million worth of shares. and Hunt sold $1 million worth of shares right before SEC shut it down. We do not know Rather I don't think this is proof Beyond reasonable doubt that The 2 of them knew this was going to happen so they dumped their shares. The Second fact is that Stirling put in over 2 mill of his own money to start this company. Meaning those shares that he sold were his initial investment. As I know many of you took out your initial investments too. I wouldn't call that share dumping. Hunt sold his shares to pay taxes. Do I believe that I don't know but it is possible. Thirdly SEC said they shut it down for improper trading not Insider Trading. There is a difference. 4th) The new web site that just came out takes a while to build. It is not something that was done on the fly. So it doesn't appear to me that they want to just drop everything and leave.
Basically what I am trying to say is that there are a lot of things we don't know because we don't have all the facts. We need to keep calm and try to gather the facts. I would sugest all of your to contact FINRA and SEC like I have and demand answers
It will be on grey sheet. Even if everything is totally fine. It will still go on grey sheet because if any OTC stock does not get appraised in the last 4 days they will go on the grey market. The company will have to refile to get back on the OTC
If that is true. and assuming that their was no intent to mislead the general public then they can come back. however their partnership is done. also we can sue the auditors if we can show that the auditors were grossly negligent
They do have a website and they do have Products that they sell.
Though I would have to ask. You didn't even bother to look up their website and their product before you bought their stock? How can you buy their stock with out even researching those questions you are asking now? Anyway here is their official Website and you can go to their tabs and see that they to have products with prices on them and they have way of payment by credit cards.
http://growlifeinc.com/
Pure profit from PHOT? Or profit you made from other stocks that you put into PHOT? Say if you bought $200.00 in PHOT. 2 days later your holdings are at 1,000 your unrealized gain is $800.00 You are only entitled to recover the loss of $200. meaning if you sold $200 worth of shares. then that $800.00 that you have locked up in the stock is a gain. if you lose your gain that is not considered a loss. and you are not entitled to reimbursements. Note this is only for the initial investments of PHOT Only. If say your initial investment of $800 was from profits you made from Apple. Then you are entitled to that $800 loss reimbursement
Jabroni123 Let us know about your visit please
Why ruin their business if their core business makes profits we the investor can still get out of this
Very well said
It is not criminal by its self. However the fact they dumped it within 4 days before the suspension looks very suspicious to me. The fact that Sterling dumped his $2.8 million shares the day before seems like too much of a coincidence. And they never sold their stock before this. and it also looks like many Junior officers exercised their shares on the end of March. Again perfectly legal but just the coincidence of everything seems off
Cheds, Correction It was Sterling Scott himself not his wife... Hmmm I could have sworn I saw his Wife's name. But no matter. all the same still Between Sterling Scott and Hunts they sold $2.8 mill according to their filing of Insider Trading SEC FORM 4
http://www.secform4.com/insider-trading/1161582.htm
I would just file he claim. Make sure you include all your buys and sells of this stock and let the lawyers figure that one out. However If you got your original investment back, you may not have a claim. If you lost only the returns technically you did not lose anything. but That is the Lawyer's and Judge to figure that one out.
Hunt and Sterling's wife sold $3 million worth of share between them. and SEC suspended trading. That's it.
you have a point there. and I got greedy
Yes You can sue and still be able to trade. But if you make money on the trade, your case will be thrown out in the class action lawsuit
You can only sign up with one law firm. What happens is that the court will combine all 3 cases into one big giant class action law suit and all Lawyers will be working together.
how exactly do you play it?
She walked away with 2 million though
Longanisa Are you certain of this? Ameritrade is my broker. I called them up on Friday. and they don't have any information. Truth is Brokers are not allowed to trade a Temp. Suspended security until they reviewed everything and determined everything is current and then they can set a quote then they can trade with a bid and sell. So how did you get your information?
Shoot I would take 40 cents now
I should have sold it at 0.777
Yes this is down in history. And we are part of it ... there is the silver lining... One day we will tell our grandchildren all about it. And they will be reading about it in their history books.