Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BLTA is either the greatest con-game witnessed by man or the unluckiest (20 year?) start-up airline known to man - the jury's been out for a long time (in fact, they may of died deciding)
1Bil. Shares at .0005 = $500,000 - Upper Staff paid for 90 days - watch 1 Billion shares + trickle through over that same time period. Everybody's happy ... well, except the shareholders.
Agreed PK10 - & something tells me Hegyi will make an announcement within 1 week (+ - a day or 2) of returning back from the grays.
Yes, he works fast when able - now out of the grays he's officially enabled
Still calling for 10 cents this week (if announcement appears) called the 8 earlier but too many jumped out early. Can't blame them, was darn tempting - I had to fight the urge myself.
First Hegyi Announcement this Thurs / Fri aftermarket is my guess, maybe a big JV /Acquisition/New Ecommerce venture ? - something he's had in his back pocket for months no doubt.
New PHOT Related Article - PHOT is coming back on the scene just in time. Roughly 14 states could legalize marijuana this year, adult-use cannabis or possibly both, either at the ballot box or through state legislatures. While it’s doubtful all those states will be successful, there’s a good chance at least a handful will legalize in 2016. No other single year has offered such incredible promise in terms of the sheer volume of states that could legalize, thanks to other pioneering marijuana markets and growing support for cannabis in general. Helping to drive Growlife is the fact that it has a high name recognition among pot stocks.
So we're hovering here (4ish) until Hegyi's news? You know he's going to knock it out of the ballpark - planning for this moment for some time now I bet - he has cash, he has the contacts, he has the infrastructure. Exciting times for PHOT and it's shareholders.
Giving Hegyi 4-6 weeks to make monumental changes / advancements with PHOT. Sound like a tall order? Read his Bio and forward looking statements - PHOT is the UBER / Airbnb of Cultivation / Vertical farming (his words not mine) - and he has the talent and rolodex to back it. The new PHOT has arrived.
.0011 - back where I got in, got out at .0015 - I see .0005 coming - then I'm back in - every $250 gets you 1/2 mil. shares. Super High risk - no revenue other than dilution or a plane gets in the air 6-12 months away.
back from grays ...no longer a write off, you'll be fine - 2016's your year
AVIATION LAW & REGULATION: IBLF is general counsel to a US airline , and has represented other companies connected with aviation, including helicopter operators, dealing with the obtaining of non-immigrant visas, as well as other areas of regulatory compliance
http://www.iblf.com/business-law
How long before the 2 Billion shares get dumped on the market? Saw it happen to another when things went sour - 500 Million intervals.
I'm not a Daytrader -while I appreciate all of the effort some of you put forth compiling charts / graphs etc. it means nothing to me - betting on Hegyi not the next buyer/seller of PHOT. Have yet to be stung on good research. Staying focused on the end of March for now.
3 days back from the grays and people are panicking - slow and steady, bet on Hegyi not the charts.
Profit taking, can't blame them - thought of it myself. Waiting for a better time - not even a week in, Hegyi should respond soon.
Don't know ... heading out - see you all in 10 cent land
Smart Money knows Hegyi's potential - coming on board now
Weekend DD = Holding Pattern for Me - dip or no dip - will re-evaluate end of March - should have Hegyi announcements soon - he will make some big moves - he's been waiting a long time for this moment - just watch. I invest in people not charts (not that I don't appreciate the effort by those that do) - I read his Growlife story while in the grays and new this guy had it going on - jumped on board right away.
PHOT Premarket Trading Link -Anyone?? Thanks in advance.
I worked for M&M for 2 years during college - both peanut and chocolate, most everything found on the floor was priceless (5 second rule) - RIMSHOT ... good night y'all - happy Monday and beyond.
Agreed, we should petition lightly to have them (shares) rescinded - I for one am going to email shareholder relations next week and ask that it be a topic of discussion - on or before the next SH meeting.
Yes, a retraction of those shares would be an excellent act of good faith by Mr. Hegyi. Perhaps you will see that effort prior to or during the next shareholders meeting (May-June 2016 - date not confirmed as of yet)
Hegyi was cut short in 2014, will he re-visit that strategy (below) or a whole new ballgame? He's been fending off irate shareholders for 2 years - my guess is he's going to work extra hard to keep us all very happy for a while. I'm also assuming terms like "reverse split" and "dilution" are not in his vocabulary right now.
"As GrowLife chief executive, he works towards extending the company's market position through its resources and those of its strategic partners. Within his first 90 days he delivered letters of intent for $96 million of acquisitions prior to the temporary trading halt in April 2014."
https://www.linkedin.com/in/hegyi
PHOT CEO - But Wait... there`s More
His sole-inventor patent at Microsoft used SaaS to manage the world's largest eco-system at one-tenth the cost and is extensively cited by Amazon, IBM and Accenture. His other accomplishments include mobile device pioneering, managing big data analytics for Yahoo, and establishing and managing overseas partnerships used to deliver highly complex services.
Much more here:
https://www.linkedin.com/in/hegyi
PHOT CEO - Who the Heck is Hegyi?
Mr. Hegyi earned a Bachelor of Science degree in Information and Computer Sciences from the University of California, Irvine, and has completed Advanced Studies in innovation marketing, advanced management, and strategy at Harvard Business School, Stanford University, UCLA Anderson Graduate School of Management, and MIT Sloan School of Management.
More Here:
http://www.bloomberg.com/research/stocks/people/person.asp?personId=30353863&privcapId=172338786
PHOT- A Bigger Pot Pie, 2.7 Billion ++
Cannabis Growing Market
As the states across the country approve medicinal cannabis usage, with different THC and CBD compositions, cultivators purchase equipment and supplies from us and similar indoor supply companies. Therefore, as the cannabis market grows so does the revenue growth opportunity for us. Researchers from The ArcView Group, a cannabis industry investment and research firm based in Oakland, California, found that the U.S. market for cannabis grew 74 percent in 2014 to $2.7 billion, up from $1.5 billion in 2013. Today, 23 states plus Washington, DC have legalized cannabis for medical use and four states plus Washington, DC have passed adult recreational use into law.
https://medium.com/@hegyi/discernment-637a47e2c646#.sya86vevd
PHOT Shareholder Meeting - proposed 6-8 Months from November 3 2015 announcement (below) - may be pushed up due to favourable circumstances ?? so - May - July as it stands now ...
Next, GrowLife expects to have a shareholder meeting within the next 6–8 months and vote for board directors. A majority must be independent directors, whose qualifications can be found at the SEC.gov website at VI. DIRECTOR INDEPENDENCE of the CORPORATE GOVERNANCE TERM SHEET.
https://medium.com/@hegyi/discernment-637a47e2c646#.u04lyg6vo
Hegyi / Uber / Airbnb, reinvention at work
The Bigger Picture
The Economist recently published two articles, Reinventing the Company and Reinventing the Deal, that are good reads. GrowLife’s original expansion strategy recognized this ‘reinvention’ and was on track to acquire strong startups with great talent in the budding industry. Valuable equity and readily accessible capital through a joint venture were in place prior to the SEC halt. Innovation is not limited to technology. Innovation is about disrupting large, fragmented business sectors, such as agriculture and indoor cultivation, with business automation. For example, Uber and Airbnb did not create personal transportation or bed and breakfast stays but automated their brokering.
The innovators are usually smart people rich with domain expertise but cash poor. Couple them with an agile and well-resourced company such as GrowLife and you can create an unstoppable partnership.
https://medium.com/@hegyi/discernment-637a47e2c646#.u04lyg6vo
Greners - PHOT's Online Superstore http://www.greners.com/
PHOT- Beyond Pot/Vertical Farming
We are working with cultivators of all sizes, across all states at different stages; all of which are seeking to lower operating costs. Since resources such as water and electricity are limited and expensive, we help cultivators do more with less. Vertical farming has become a real and practical cultivation process for volume where a 20-by-30 square foot room that normally houses about 150 plants can now grow over 550 plants, almost three times more. Specially designed vertical lighting with 360-degree coverage and using 35% less power now delivers the necessary light with less heat, thus lowering the HVAC power demand. Finally, specially designed pots automatically control both watering and drainage efficiently. We have both the expertise and supplier relationships to help cultivators scale up with configurations such as these.
GrowLife serves a new, yet sophisticated community of commercial and urban cultivators growing specialty crops including organics, greens and plant-based medicines. Unlike the traditional agricultural industry, these cultivators use innovative indoor growing techniques to produce specialty crops in highly controlled environments. This enables them to produce crops at higher yields without having to compromise quality?—?regardless of the season or weather and drought conditions.
https://medium.com/@hegyi/discernment-637a47e2c646#.u04lyg6vo
PHOT- Lawsuits Settled Aug, 2015
On August 17, 2015 the U.S. District Court formally dismissed the last pending lawsuit against GrowLife. This means that all three of the Class Action, Derivative and AmTrust insurance company lawsuit settlements have been approved. The resolution of this litigation is a major boost to restoring the normal operations of GrowLife and returning our focus to shareholder value.
https://medium.com/@hegyi/discernment-637a47e2c646#.y54cc2p99
PHOT - New Financing Conditions reached...
This year has been especially exhausting to all our stakeholders. Raising capital in any form for a public company with trading challenges will always take longer than expected. GrowLife was fortunate to find a new financing party who agreed to provide up to $6 million. The funds provided $1,150,000 over the last few months with the remaining $4.9 million requiring certain regulatory conditions such as an approved market maker and S-1 registration statement.
https://medium.com/@hegyi/discernment-637a47e2c646#.y54cc2p99
Thanks southgas ... I'll keep an eye out for you - here's to success - I assume you're in for a few shares ...
Just bought in on Friday - treading lightly, (10000 shares max for me)- Goodrich will turn things around by July is my guess. No BR news is a good sign, should of by now if it was on the table.
Duly noted...watching closely - may sell half next week (in at .006) and let the rest ride. My added bonus is I have a US $ trading account (with PHOT) which was funded back when the Canadian $ was almost equal to the US (I am CDN) - so now, when I transfer funds back to my TFSA (tax free savings account) it will translate to a further 30-40% increase upon exchange. Happy to hear you did so well - I hope you are able to duplicate the experience in the near future.
A lot got in at .00 prices (me .006 for example) - a lot of them cashing out ? - I think way too early...maybe they just sold a portion (got their initial investment back and a free trip to Belize perhaps)- this stock is worthy of at least 25 cents - 40 on the outside -with Hegyi in charge you are going to see some nice announcements and some big new business deals (large cultivators /edible oil producers etc. - like EAT / SPLIF) - he's had his hands tied with this SEC / grey market distraction for years. Remember, he just brought this back from the dead - the man's a machine.
Another Surge..? Grab a discount
Battling for the 7 now- 2 hours to go,,35 Million = 8-8.5 cents ?
Recent email to me from Hegyi:
Mr. XXXXXX,
GrowLife is fully SEC reporting and management continues to work at returning shareholder value. Greners and other sales-oriented communication channels are for revenue transactions. As a shareholder, information for investors can be found by reviewing the public SEC filings at:
sec.gov/cgi-bin/browse-edgar?company=growlife&match=&filenum=&State=&Country=&SIC=&myowner=include&action=getcompany
If you wish to read my recent update on the company status, it can be also found here:
medium.com/@hegyi/discernment-637a47e2c646#.z6lz8v9je
We have thousands of shareholders, many who correspond with us, and we cannot always engage with them as much as we would like. The best way for me to keep you informed is to follow me on Twitter @marcohegyi or LinkedIn, where I notify followers of updates, including key SEC filings.
I hope that the SEC filings and blog posting, which is a bit detailed, address your questions. I am grateful for your support and, as you will read, hope to return value to your shares.
Best regards,
Marco Hegyi