Let’s talk real numbers that you will never see mentioned here despite the “extensive due diligence” and thousands of posts on this board.
How much money is growlife going to lose this quarter?
There is no doubt here that when Growlife releases its quarterly numbers it is going to show increased revenues. (This will be no surprise and is already reflected in the share price).
What nobody has discussed is the fact that growlife’s net loss last quarter was $1,616,967. And this number is going to be increasing substantially as well this quarter.
This stock is up over 150% in less than two months. The current market cap is at $57 million dollars!
What did the Balance Sheet look like last quarter?
Total Assets were $3,412,504.
Total Liabilities $3,162,068
Penny stocks are fun but don’t get caught up in them. They are not “long term investments”.