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I just feel like at the open its going to drop like a rock from people panic selling but then the smart money will be all over it at that previous support level knowing another PR is coming and she'll climb right back up... And too the moon! Just my opinion
I think we'll see a 30% sell-off down to around .012 before we head back up, buy the dip people! No reason to panic sell, buy the dip!
"During my business career I have actively participated in a number of tremendous market opportunities," stated Hegyi. "I have worked through the formation of the PC industry, the Internet revolution and more. Today, I believe that the legal cannabis market is one of the greatest business opportunities. GrowLife has a unique leadership position in the industry and I welcome the challenge and the opportunity of our extending our leadership through the unprecedented $40 million capital infusion recently announced in GrowLife's joint venture with CANX USA, LLC. I am very proud to accept this position and to serve the GrowLife Board of Directors in our mission to enhance shareholder's value."
-Marco Hegyi
http://online.wsj.com/article/PR-CO-20131211-906046.html
I am a rookie and I can tell you Hedge Funds are not here!!... Not YET! YOU WILL KNOW WHEN THE BIG BOYS STEP IN! Just Sayin! To da moon!!
Stay LONG!
DO NOT INVEST IN THESE PEOPLE THEY ARE TAKING YOUR MONEY!
IMO the feds will keep quiet and stay out of it. They know whats happening and their obviously not stopping it. Let's face it, they cannot just come out and legalize MJ that would be "irresponsible" on their part. It will be the people/states first, and the feds will follow just to keep it all under control! PHOT is ready to ride! $5 by 2015! That's my story and I'm sticking to it!
THERE WILL NOT BE ANY SIGNIFICANT DILUTION!
http://online.wsj.com/article/PR-CO-20140117-905361.html
To the extent there is "dilution" under the CANX USA JV, the relationship is structured to allow GrowLife management a great deal of control and to incentivize only success-driven dilution that will benefit all shareholders large and small, complete with milestones and checks/balances.
Similarly, certain forces would have our valued shareholders, new and old, believe that the authorized share request is simple dilution which will immediately flood the market with endless paper. To the contrary, we have thoughtfully constructed the CANX USA JV and the requested shares with these important attributes:
CNN coming up next! :))))))
CNN coming up next! :))))))
CNN coming up next! :))))))
Bought 30,000 on the dip at .037 today :))
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We are creating history! What is wrong with you people! IMO this is a billion+ dollar company! Hands down! Green > Gold
PHOT+FITX=I'M IN!
I understand, your just a pure trader:) Thanks Clay! I'm going to stay invested in the evolving MJ sector as I don't have time to trade in and out. I am confident that in 5 years we'll be on the big boards. Hopefully your inner circle doesn't miss the jump! :)GL
Keep up the support!
What about MDBX? You don't think any of these can do the same? Especially when your approved to grow a million pounds? By the way thanks for your time!
I agree with the historical probability of a penny stocks not being a long term investment. I just feel like MMJ is an uncharted territory and a whole different game would you agree?
ClayTrader, I enjoy your charts! I was wondering what you think about the MJ sector in general? Should I be flipping these MJ penny stocks or holding? Is it even possible for these things to run huge? Let me know your thoughts please :) Thinking about joining your group!
https://www.facebook.com/bill.cenergy?hc_location=stream
If you think Bill posting on his Facebook page is "immature" your wrong. It's 2014, nothing wrong with using social media to be more transparent. In fact, I LIKE it! I'm In!
PHOT+FITX
Buy Buy Buy
Just found this gem, I like it! buy buy buy
Lol the overall market is down because everyone is headed to the green rush!
I think were holding, I'm buying here not going to see .03 nice support!
Lol here it goes sorry ya'll lets hope it bounces again at .03
Sold half of my position, Ill be back in at .031 you all know the correction is coming!
Anyone want a share of the wife?!? .25 cent lol
LII looks nice, not much resistance... I think we'll test that .25 resistance today! Close around .23 :)
Long Live PHOT!
I think it all makes sense... I'M IN.
"It is very satisfying to me personally and to all of the employees of our company that we have a good track record of increasing shareholder value and making money for our shareholders."
-There not going to just unleash shares and $hit on all of us.
"While it is possible to increase the authorized shares of the Company in many small steps instead of one big step, Management does not want the distraction of a piecemeal approach, which would almost certainly take our focus away from building a business that is second to none in our industry.
-There just getting it out of the way instead of having to do it all over again in 3 years and have people freak out again. Again there not going to just unleash all these shares and $hit on all of us.
"To the extent there is "dilution" under the CANX USA JV, the relationship is structured to allow GrowLife management a great deal of control and to incentivize only success-driven dilution that will benefit all shareholders large and small, complete with milestones and checks/balances. Our CANX USA JV partners are engaged in a multi-year investment strategy with GrowLife that necessarily includes incentives for investments that are much larger in the amount of commitment and in vision than is typical of the OTC market."
-Do you trust management? Pretty sure you all did a month ago.
"Shares provided from the newly authorized, when approved, to CANX USA partners must be earned along with material benefits to the Company and GrowLife must agree at each step. For example, the closing and funding of GIFT transactions or acquisitions that would bring significant EBIDTA positive new revenue to GrowLife."
-I trust management, there going to do big things with out money.
"Our CANX JV partners are not in today and gone tomorrow partners; it will likely take a considerable amount of time for our CANX partners to 'earn' their shares as they perform under our watch. And by definition, our CANX USA JV partners are subject to stringent rules and limitations as to how they might someday sell any future earned stock, somewhat similar to the restrictions on very large shareholders and Senior Management."
-EARN their shares! Again there not going to just unleash shares and $hit on all of us.
"It is perhaps worth noting that by creating this access to capital under the most favorable terms of the CANX USA JV, GrowLife is effectively not in the market for any of the typical 'toxic' financings that are an ambient risk for investors in the small and microcap market."
-Again there not here to $hit on you!!!!!!!
We could see .15 cents while the sector pulls back and I'll be buying more because I trust management. I trust they will do big things with our money. What other small cap stocks in this industry actually care about shareholder value? None like PHOT
"GrowLife, by the people and for the people!"
You all begged for news and you go your news! I will vote yes because I believe in the management and the industry! I bought at .06 I am not worried at all! Like I said, we'll be at $1 by 2015 I'll be patient and the lower we go the more I'll buy! Stay strong or get shook!
Long live PHOT!
To be honest, your vote probably "counts" but if they want to increase the shares they will get it passed... Just sayin.. Bad for the short term not so bad for the long term...
Long as PHOT
$Dollar Land could also be around to corner!
High as PHOT!
Long and Strong!
Higher Lows! Looks like the bottom to me! Bouncing tomorrow! Better get in where you fit in!
PHOT Long!!
What are you all smoking!? Lol I hope you all freak out and sell before the next move up. First of all PHOT management does not care about you or your opinions. They do not read your posts. They will release news when it becomes available! You are all minnows in the ocean so let the sharks do their job and be patient! We will end in the green tomorrow whether you freak out and sell or not! All of you claiming to be "longs" need to have more confidence! Anyone who reads Ihub for information should NOT be investing in the stock market. I believe in a 100+ billion dollar industry that truly has an unknown valuation. I know this company has the best managment and will release information when it becomes available. Stop posting things like "If they don't come out with news the pps will suffer and all of the people on IHUB will sell lol you are a joke!
I take a peak but I am not concerned with the pps day to day. I know where we will be in 5 years and that is why... I'm In.
LONG AS PHOT!
Servants and harem ha! Your credibility just went to ____. Your a joke!
Long and Strong
PHOT > $5 by 2015
That article had NOTHING to do with the CORRECTION, look at the whole sector... It's like the CNN special, so high she had to put the joint out in the doobtube and come down a bit before she gets higher! No need for a PR, like I said we'll hold the .23 area until the feds start talking in 3-4 weeks!
I'll be confidently waiting on cloud 5 :)
PHOT>$5 by 2015
I think there price target was spot on! IMO we'll be holding around .23 until news from the feds then the train is leaving! Loading up until then!
I'll be here for the next 20 years LONG PHOT!
Y'all are out of your mind! A pullback was way over due! She will stay over and around .25 tomorrow! Then next week^^^^^ LONG PHOT
Low-Volume Pullback
A technical correction toward an area of support that occurs on lower-than-average volume. The low volume is a signal to traders that the trend is not reversing and that it is only the weak longs looking to lock in a quick profit. Frequent moves that occur in the opposite direction of a trend, which are accompanied by low volume, are normal fluctuations and generally deemed to be insignificant.
Alright y'all I am a young investor holding an avg. at .06 and here is my opinion whether you agree or not. Yes the GIFT announcement will be great news! However, the MJ sector is moving on news that none of us have a clue about... Here are some reasons that I believe are moving this market with the help of CNBC and CNN's promotion in the movement.
Colorado Legalizes Recreational Use!
NYC jumps on board!
Bank Lending/Transaction Announcements Coming Soon!
Fed Announcements? Still illegal, what will happen if the Fed announces that there done throwing people in prison? ^^^^Boom^^^^
Cannabis & Cancer!? Maybe you didn't watch CNN tonight? ^^^^^^^Boom^^^^^^
This market is so young no one has a clue of its true valuation!
Extra Long as PHOT!
As my dad said after the first jump... "Wow, you should hold on, I wonder where it will be when your 50?"
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IDK about this company... PQ doubled his pay from 2009-2010 from 142,500 doubled to over 300k... that scares me. I'm still holding a few shares but the upcoming Earnings will tell...
I dumped some at .10 I'll wait till we find a bottom. Who Knowwws? I do know were headed to that big block at .09
The sellers have sold. Up from here. I'll bet on it.