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Not what it will buy, but what will come to light.
You have to admit, if Sterling was the source of this wrongdoing then this release will leave law firms salivating.
If they knowingly created the whole thing as a scam, then it will come to light - but nothing is proven at this time. Right now
Also, if intentional fraud is proven and these guys get minimal jail sentences (as many have speculated) then once they get out they will spend their lives with this hanging over them.
Let me ask everyone on each side of the fence what the facts are right now.
DO WE KNOW THE REASON FOR SUSPENSION OR INVESTIGATION?
Admittedly it is never good news if the SEC has to investigate - but a lot of people would like to manipulate this into a worst case scenario. It is nether worst nor best case because we simply do not know yet.
I didn't have to make outrageous speculations to validate any of my points, but best of luck to you.
It is my experience with the operating side of this company that has been of greatest benefit to me.
One thing is true, growing is not easy.
Perhaps if you run 1 strain that you have dialed in and know very well. Running numerous strains with different grow patterns, feeding needs, light schedules, proper dry and cure schedules, etc. perfecting all those things are important and never have I seen a first or second time grower get it all 100%.
So to reiterate, growing any plant is relatively easy. Getting it right from start to finish in order to produce the highest yield and quality - that is the challenge.
Check again and get back to me after you've thoroughly talked with the most experienced growers over at icmag.com -
I respect your view as someone from the outside, who has much to learn about the production of this plant.
That said if this company is done then I am most interested in how these assets get picked up.
When I was engaged in the industry, greners was my go to. Referred to me by the more experienced cultivators out there.
I tried lots of others, but these guys became my main choice in the same way one would acquire a favorite web site for specialty products in anything else.
So you have no idea and had no idea Growlife had some of the most well reviewed and established online stores and brands under its name?
Anyone can put some hoods and ballasts together to sell lights. There is a LOT more that goes into growing than lighting however.
Perhaps some private companies turn nice profit, but few have well known national sales stores.
So tell us then, who does equipment better than phot? Who covers similar quality brands and is publicly traded?
But you ARE him because you came on these boards to announce your article on 'shorting the stock' before it came out. Eagle eye is small cap.
Somehow that isn't fraudulent enough for the SEC?
Somehow announcing online that you will release an article for the sake of dropping the pps before you release it doesn't sound right.
You mentioned you were sending alerts to the SEC regarding your article, which had nothing to do with what's going on right now.
It would be funny to learn you were the root of all this, but I think that's too much credit.
Again I have to ask, WAS Growlife a scam? Was it spoiled by one or two insiders who made illegal moves? Could they have set it up to look like a running scam?
If it turns out one person is guilty, can it really be pinned on the whole company?
To what extent are they to be liable for the misdeeds of a single party?
The company and business are real, tangible things. The assets in Growlife will remain, even if it does not. Where these assets go, or what legitimate company adopts this plan - that is the one I want if I can't have Growlife.
This has been a very exciting ride.
At low prices I had put around 5k in this stock which was over half my savings at the time.
At the height of our 'blue sky breakout' i saw as high as 70k. Whether or not I walk away with any part of the 45k value that was hanging at .50 - it was truly a great experience to learn from.
That's not so bad considering the initial investment got parted out, but there is something to be said for taking profits!
I believe in this company and business plan from the bottom up, not the top down. I believe the idea and store brands are worthy, no matter all these posts saying 'anyone can sell lightbulbs'.
a company foundation like this is strong. You build the support in supplying the industry, then enter cannabis sales once allowed by the federal government.
Perhaps we were wrong about management, who seemed awful eager to put their faces out there for all to see. Perhaps though, this is less a tale of mass corruption and more of a single bad egg spoiling the whole bunch.
Maybe this stock is done, but the business plan is viable. With appropriate leadership of course.
We need more information. All this speculation is eating us all up.
For or against the company, we haven't a clue.
For those who have been in this before, do you know if news gets released by sec or company prior to trading resuming?
What happens to phot stock if it does indeed get picked up by another company?
Do our shares get absorbed into theirs?
Does phot then cease to exist in the market and deleted entirely from trading if someone like VAP3 comes and picks them up?
The Marshalls wouldn't be at sterling's house without a warrant. Any confirmed news here?
You don't have to reveal your source, but a definite confirmation would be good.
Excuse me but no one knows what they have lost yet.
I'm most curious for all of us who were in at some of the lowest.
Those who bought in at 40's and above sure won't be in a good place. I actually told some friends to make sure they did their research before investing in any company - but that I liked phot as a stock and if anything bad happened, I would pay them back.
That's the easy part, because they just put a few hundred in. The hard part is not knowing what I will get to walk away with if it indeed seems best to take the money and run.
No one could have called this, but shorters will use this as their 'vindication' that they were right all along. There were very few others out there 'as transparent' and if it is not phot I as invested in, it would have been the next best supply company.
You've been right a lot, I'm curious about your optimism.
I wonder if there is anything left up the sleeves of our management.
Something to deter this influx of grave robbers?
They have made these boards quite active lately.
The only successful publicly traded supply company available at the time.
We have many new people joining us lately - a lot of dark souls around who sound like they see advantages in the Titan fall.
Do we call you guys the grave robbers?
Agreed, bad is bad and there is no way to change it.
At first I thought this would be cleared up and we could resume, but that was naive. This is my first suspension and a true testament that taking profits isn't always such a bad idea no matter how transparent a company appears to be.
That's what I was thinking.
Even if I get 1/2 or 1/4 of my money back, it will still be the most cash I've had in my life.
I won't be quitting my day job as soon as I thought, but there will be no ramen noodle dinners either.
For the first time ever, I agree.
I was going to use those earnings to move on to bigger and better things.
If it does open at 5 cents or around there then at least I'll be able to load up one final time.
It kind of reminds me of the movie "limitless" when Bradley cooper's character is buying into stocks under heavy fire, commenting that while the CEO is under heavy fire, the company still retains very profitable contracts.
Nope, I sold damn near just about everything to prepare for the return.
The suspension is just adding to the pullback of the sector. Phot seemed as one of the few legitimate companies to hold so I'm sure that a majority of Mj investors had some standing here.
Rosen law with that class action lawsuit already prepped will make things uglier unless the sec comes back with a report that clears their name.
I remember back in the day I expected Trtc to get to a dollar before phot, but not hold it as well.
Who knows how long phot will take to recover from all this, but I'm thinking of buying back into Trtc at these prices. .50's or .60's would be golden.
I don't mean to offend long term investors here, I know we've been through a lot of bickering in the past months. Right now, we're all losers.
Phot is actually a rare find as one of the most legitimate Mj stocks.
I will say as of late I have to eat my words due to all this controversy, but it looks more the case of one bad egg spoiling the bunch. I've happily used Growlife products for years now - well before I knew I could invest in them.
Sec reporting - although sounds like one of those reports had some bugs to work out eh?
If that's the case then were headed back to 2012 prices.
It definitely depends on the outcome, but cann is down 50% so far. That's about where I'd expect us to land worst case.
Well I've been reading through all this trying to make sense of it.
It's actually funny because the first thing that came to mind was, "finally! I can get my extra 20k shares bought."
That all depends on the outcome of the investigation to me though.
The company itself is solid, but this would make me wonder about a chink in the leadership. Wondering what will turn up and how soon we will know.
Pfffft! Great laugh moment.
Your post timing is terrible.
Phot has been showing great resilience.
At least the guy is being more realistic. Those numbers are much more feasible.
Until he delivers, he'll be wild bill to me.
They're just waiting for the numbers to inflate a bit more. Approval for legal cannabis is skyrocketing and in several months you could see 90% of the public saying enough already! Just legalize it so we can move on to bigger issues.
Doe, what do you think about the fact that we have a private company out there already selling relaxation drinks in full strength.
I looked up the drink 'my purple stuff' and though they are not publicly traded, their product is being carried in many many stores.
Yet somehow DEWM is still figuring out their supply line? They seem far behind and I wonder if they'll even be able to compete.
It better recover if I'm going to stay in.
Already down 75% from initial investment.
Is this the same company making the 'superliminal relaxation drinks' ? It's called purple stuff.
I've had one before, looked like a willy wonka color scheme.
Now if this is not the same company then I have to ask what the heck is up with their supply line. Their competitors are selling in gas stations all across the USA - what are these guys doing?
Www.mypurplestuff.com - and yet these guys sound like they're still looking for a bottling contract.
A thousand shares eh?
I have 80k shares in this and wishing I would have got 100k back in the day :(
You are right about doing your own research. I'm still at work and unable to do it at the moment - was looking for the lazy way out this time. Something I've previously criticized others on.
Hey I've been here a while and have a long, strong position.
I'm not going anywhere - in at nickel prices.
I did want to find out more - like changes in leadership and ownership of companies in the past few years. Basically building a case for why history won't be repeated. I know it won't - considering all the Mj activity and acceptance this year - but the people I'm speaking with are clueless.
So I've been talking to some people about phot's standing from 2011 to 2014.
Anyone been here long enough to see the previous yearly trends of this stock and talk more about year over year rise and falls?
Holy goodness.... Glad I took my losses.
I don't have that info on hand. I can assume that people freely grew and exchanged it up to a certain point like a bartering system.
Then it became a racially charged issue, the destroyer of young minds born through a media campaign with anslinger leading the charge - keeping cannabis and hemp on the dark side of public sentiment.
Since there was no indoor growing, I can only imagine sprawling farms with a small plot of cannabis or hemp here and there.
Or rather you are overestimating. Since you seem to have only speculative knowledge and nothing real world to stand by....
These guys will try to continue selling crap on the street. Dispensaries are taking away from their sales, not vice versa.
Eventually they will take resources meant for cannabis and direct them to harder drugs that can be cut with nasty things for big profit.
All those issues in the black market, pesticides, moldy product, poor quality, crap taste - they'll be squeezed out.
New to this whole black market evaluation thing huh?
The public won't want to take overwhelming risk when they can purchase for slightly higher prices at a dispensary.
If there is demand for low quality product, the dispensaries will be able to provide such product in a much safer and cleaner manner.
The black market won't disappear like poof, it will rather phase out over time.
Of course at the beginning of legalization both ways to buy will be available. That's the nature of it.
Thanks picon, I wonder where our fib geniuses like monkey and LA are hanging out these days.
Maybe .45 was the worst of it, maybe not. That was right around the correct retrace zone though.
Yes I expect momentum to carry through in late April. It will be interesting to see which companies best set themselves up for June - which may initiate a new wave of media coverage based on the presumed success of WA's legalization.
The Mj movement alone is full of momentum. I believe it is only a matter of time before legalization scales much wider.
There are people with all sorts of motives.
Disguising a market correction in the form of an industry meltdown is what they do best.
Anyone looking at this fib wise? Was that the 62% retrace?
Haven't had our Fibonacci guys in here for a while, curious on what they're seeing.
Thanks archeo, for a couple years I've been trying to mass funds and experience for when I can set up my own small business in cannabis.
Amsterdam, California, growing the stuff - all part of the research and experience. California was too expensive for me to set up in, but that place really is a blast.
Even though I know these guys are just having fun for the purpose of bashing, it pains me that some bystander could come in and take these guys seriously if they go unchecked.
To read them rooting for the cartels, it just reeks of lack of industry knowledge. Cartels will eventually have to shift concentration to the worse drugs, which offers them much higher margins anyway. There aren't many ways to 'cut' cannabis and the dangers of them doing so would be enough to get the public away from buying their product.
Anyone remember what happened in the uk years ago? Pounds of black market buds that were adulterated by glass beads. People became violently ill from the stuff. Do I think the public will want to chance the same thing with the cartels when there is legal weed around the corner? Nope.
So a full fib retrace would be 62% then? Which would mean we still have some dropping left.
Wonder how the RSI is looking.