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Wooooohooooo!
Mayo is a disgusting condiment. Can we get something better and more green? Maybe like tomatillo salsa.
One of few solid companies within this sector. ACB has been good for the industry and I’ll be back soon!
I’ve been gone for years. I thought Marco has all the solutions. What happened here?
Looks like he had the wrong board.
Long and strong MDCL, added some around mid 2.9’s
Long term indeed. So long term that you'll just sit on it for years because it isn't even worth selling.
Good ticker name, but really really very excruciatingly bad management. If a competent executive team takes over then MAYBE it will all be worth the wait.
No amount of incessant pumpers can turn this around. RIGH has been an empty ship stranded on open water for years now.
There won't be a bug genius in the EU because angel already failed to capitalize on anything related to the hub in Amsterdam.
But is also in the same coma it has been in for the last 2 years or so and should just have the feeding tube removed.
End the torture.
This is either Hegyi's swan song or a disastrous retirement fund disguised as a company.
I'll even admit as an avid supporter of this company that an order I had from greners had great upfront communication with almost 0% follow up on updates and serious delays. By the time my order was shipped, I already got what I needed from a local store.
When something ordered in late March isn't shipped until mid-April then somethings up. The first report was they were out of stock of so many products and waiting for the 'weekly truck' to come in so they could ship my items. After initial contact, I had to take initiative for updates throughout.
I don't understand if Hegyi is having trouble deciding a direction or if this massive amount of lag time is due to restructuring, but this company and stock is very much in danger of being forgotten while others surge ahead.
Yup, would have made 70k had it not been halted before, but walked away with 20k instead. Either way you cut it, that's a solid profit or 1/3 a year's office work.
They have the infrastructure, but as I and others have noted - we also need to know of direction. Back in the day it was partially the GIFT deals that started to send things soaring.
Hegyi would have resigned by now if the company was doomed IMHO.
This stock will pick back up in time, but has a lot of loose ends to tie up before the market reacts in confidence.
One of the biggest factors is future direction. Hegyi has some pretty substantial patent experience, which makes me wonder if they'll be trying to corner the market on some new technology here soon. In a multi-billion dollar industry, reliable equipment doesn't come cheap. When it does come cheap, it breaks in 3 weeks. See also: hidhut and their debacle with digital ballasts.
It could be in LED or ready grow systems involving coco + other alternative mediums. Or it could instead be something more interconnected with the dispensary and grower network.
All speculation at this point, but they do still have the solid foundation that the previous CEO's left behind as they slinked away in shame. I think we can all agree that Hegyi is head and shoulders above his predecessors, but that we need to see what their planned direction will be.
Not that I expect history to repeat itself, but last big run took several months to accumulate and didn't speed up until it got over .20. They need capital and I believe selling stock is the current door to staying afloat.
It is a good sign that their website is selling out of products quickly, but a mutually bad sign that they aren't restocking as quickly as customers would like - this points to a need to Improve inventory control.
R/S is pretty much the signal to short as soon as it takes effect because the price is nearly guaranteed to immediately fall.
Has anyone confirmed if the product is any good or competitive in quality with other similar products?
You can be famous and put a product out there under your name aimed at a niche audience, but the consumer decides if it will be successful.
See also: Donald Trump Steaks.
But if it's a big hit, then expect a big pump all the same.
Little update from recent dealings with Greners.
As many of you know, their quality had fallen under old leadership. Greners being the flagship online store, I decided to order with them recently to see if anything had improved.
I immediately notice they are hosting a march madness sale with some honestly great prices. Better prices than local stores and most other competitors I had checked in on.
I place my order and next day receive a call from a polite store associate who tells me the order is currently out of stock. She offers me the option to either wait or sub out for an alternate item of similar value. This is the first time I had experienced them establish immediate contact to service a customer.
What do I think this says about their business? Well, they were clearly selling out of MANY items. While the typical pessimist could point out that this delayed my order, one could also say that things are likely on the incline for Growlife's online sales. Even the associate was aware that it was a huge deal their company had returned from grey market territory and sounded upbeat about their future.
I think the improvement in their communication and sold out status with replenishment options for many products are all positive signs.
Is this going through a ticker change? Not showing up as valid symbol on my trade account.
This is an important factor for the future of this company. The previous executives, Sterling Scott and Rob Hunt quite frankly can't match up to a high level executive with such experience like Hegyi.
During the time Scott and Hunt were in charge, we even saw approval and popularity of the trusted store site greners.com start to dwindle. You will find that it wasn't until 2016 that the site began to pick up positive momentum again. Speaking of which, greners is currently offering insanely low prices for March Madness.
That said, there's still plenty to clean up and change. Other mainstream sites have had an opportunity to rise up while phot's assets dwindled, so there's plenty of catching up to do.
They'll be have to decide if the company is going to stick with selling general supplies, perhaps alternatively become a supplier of more advanced tech, etc.
Curious what kind of deals will be made here.
I actually like that. The other stock and phot always had a bit of a rivalry back in the day. Now that phot is back, I see some of their supporters raining a little over here.
I've always liked them both.
The other stock after all surged to a high of 1.40, but hovered around .29 or so until that run and has had a wild ride. I'm a bit back and forth on Peterson myself.
Phot similarly went around half that from lower numbers. Great gainers back then. They'll both do well, but seem to experience their highs and lows in tangent. When phot went down, so did the sector. Phot became the weathervane.
Sterling Scott and Rob Hunt are out and so are the external manipulators. Marco Hegyi is the new captain. Gone are the days of the payment device they were developing and I haven't heard about any GIFT deals lately.
I'm curious to hear from Hegyi and the route he will pick. Before, phot was angled into making themselves the backbone for growers and dispensaries everywhere. They were innovating in ways to grow the industry itself. I have a feeling with Hegyi's former tech and patent experience, that the arrow won't fly far from the mark.
It's typical for a big industry to try and slow a competitor's momentum. Big tobacco is one of those chief corporations in general that has amassed great wealth and isn't used to competition.
I wouldn't be surprised if they're paying 'analysts' to write hit pieces, because that's how this all works.
The private ecig stores in my city started a few years ago and our best one was able to expand to having four stores in very short while. Smokers from all over the area came in and made these companies very profitable while also kicking a more cancerous habit.
Plenty of cash to go around.
Fact, Growlife is here to stay.
I've spent years reading these particular boards, and seen numerous prospective short players talk about how phot has nowhere to go but down. I get it, you're wording things toward your objective and that's understandable with $ to gain.
However, Not only did phot surprise shorts last time by climbing from .05 to .70+, they surprised now by being one of FEW stocks to make it back from the grey market (stock purgatory). It's basically a resurrection of what was formerly the strongest Mj stock on the OTC. Once they regain momentum, you'll see the return of a juggernaut.
My opinion is that this will remain a smart long play, but that it is impossible to say when to trade, short, flip if looking for the quick buck. It has a high likelihood to trade at this range even throughout March. The last historic run took over 6 months to go from a nickel to over .70. People like myself who bought a lot and held at this price reaped great rewards.
The Mj industry is also here to stay and actively expanding through steady state by state momentum.
Phot = equipment and equipment = legal in all 50 states. Growers need that equipment, therefore Phot gets paid.
Show me another stock with active entities currently selling grow equipment with a presence like phot, and I'll show you something worth investing in.
While I would like this to stay down as long as possible while my account settles, I'm sorry to discredit your claims.
How often do you see a stock come off the grey market? Many brokers are allowing trading, but some haven't come back online yet. I can understand why you'd be confused by what sounds like conflicting reports.
The stock is returning to where it began around 2 years ago and will be consolidating back to a springboard position. While I wouldn't mind cheap prices for a chance to load, I can also advise that this company is back - and back to stay.
Interestingly, their return has warranted ambiguous posts to say 'something shady is going on here' when they are in fact extremely committed to ensuring safety and value to their investors. A second suspension would mean extinction and if you believe Hegyi has worked that hard to get relisted just to throw it all back, well then you'd be mighty unrealistic.
You'd think they'd have made something out of this company by now. I bought in during what I assumed was a 'low' price point due to the vaporizer boom - that was over a year ago.
Since then the price decreased to nothing and here we are, holding bags on something that moves slower than molasses.
Will probably be a good play either way. Long or flipping.
This is the only picks and shovels play I know of that has legitimate store and online presence. Considering the next big laws are setting up for more states to capitalize, it may be wise to play both ways.
I supported this stock well into suspension because I believe one expansion will benefit the other. Greners, being long touted on grower websites like icmag.com has at least some 'grass roots' clout with the industry. I'd be surprised if this didn't have slow and steady lift in 6 months to a year.
My short term concern is that they are selling as much stock as they can to keep company operations out of the red or just get back into black territory. They got suspended during the middle of a very expensive expansion and will be looking to become profitable despite recent financing.
The fact that they put in all this effort to get off the greys speaks volumes to the fact that the company itself is not a scam. If it was, we'd not have likely seen all this trouble and instead would have seen familiar faces in a new ticker. With Hegyi promising not to allow this to happen again, skies are looking mighty fine.
This is a huge problem in Chinese manufacturing. Batteries rated at a certain level turned out to be a scam when the inside was found filled mostly with bags of sand.
There was also a recent Reddit post which showed a 1 TB Hard drive only had 32 gigs of storage space. Most of it was filled with something to weigh it down and make it seem like it could contain more than it did.
I'm fine with it consolidating.
Remember, some brokerages haven't opted to allow buys on it yet. These things can get delayed for the rare occasion that a stock gets relisted.
This also means people who really want to buy this like myself have to either wait for their brokers or transfer to a new broker like Schwab or ameritrade.
So personally, I'd love to see it kept down in this range until one of those two things happens. With even more states having the opportunity to come online, the demand for grow supplies will be high.
Colorado made a billion in 1 year. There's likely plenty of room to 'grow' in those areas in terms of supplies as well.
I'm excited to see if Hegyi offers a certain legitimacy to Growlife operations and how they handle future business. The relisting is an extremely bullish long term sign in my opinion. We even have people from other pot stock hopefuls coming in here once again to try and drown PHOT out.
All good signs IMO.
Wouldn't be surprised if they're holding price down for more people to get in.
For example, scottrade still hasn't allowed trading - so I've had to close down my ST account for a broker who will allow purchases.
Catch is that money can take 3 days to become available. PHOT will succeed, I'm just hoping it stays this way for the week.
Just got off the phone with scottrade, they're scrambling to get the buy ban lifted.
So frustrating, had they allowed us to buy yesterday we'd have been sitting pretty.
Yet here we are, still barred from buying. Scottrade better get it in gear or I'm making a change.
Welcome back Growlife!
The stock k has a pulse again. What a treat.
Out of all the differing MJ tickers out there, this would be the one to bet on doing it right.
Imminent return from gray market.
This was actually to influence your short position after you sold, but facts are beside the point.
I of course, was a big supporter - yet have less interest in it than you these days it would seem.
Hmm, have you seen a pulse that we haven't then?
I'm even surprised by all this. What do you make of Hegyi's discernment article?
Growlife breaking their silence?
Them believing FINRA will sway to allow trading off the grey sheets again?
We've seen it lately with Mj stocks, this resuscitation of what would be relative to someone waking from a long coma.
Grey market profiteers don't know what to make of it, though none of us can say if this roller coaster ride will be opened back up again.
My big question to you and whoever else checks on this wasteland of a board, is if phot was removed from the grey market, would you invest or trade it immediately?
https://medium.com/@hegyi/discernment-637a47e2c646
Thank you, I'm trying to balance out the legitimacy of this company and have been doing some digging due to lack of your typical DD sticky notes.
Sounds like a bit of a pump move, but is there an overview of what part of the Mj industry this company is expecting profits from?
Been watching this one, but isn't there a price point requirement among numerous other requirements to meet before Nasdaq listing?
He's talking about internal government relationships which allow the rich beauracrats to get away with insider trading and have no legal lashings from it.
Heck of a 10k they put out.
I've read through many pages at this point. Good summaries on what happened, but they sure had a bad turn when expanding right before the big halt.
We get to see some of the skinny on Hunt and Sterling Scott.
I'll wait for a professional opinion on how this bodes for the future of growlife.
Pauly, well said. The growth of the equipment sector will run in tangent with the legalization.
Agreed, basically proven to be a bullshit mine rather than a goldmine.
As far as pot companies go, this one seems the least 'scammy'. Unless of course, it's normal for scam artist CEO's from high level executive reputations to commonly engage in illicit acts?
In the previous two, we put our trust and lost (although I still made more here than anywhere else).
My point is, Hegyi doesn't seem like a dishonest shill - but we're also waiting on him to produce results. A double edge there.
No other company selling grow equipment has come in to fill the void that their suspension created.
They're in a purgatory and brought all supporters with them. Stuck in limbo - just waiting.
I'm hoping you are right.
Have been too much on the 'die' side here with not enough 'ride'.
Shares are sitting, waiting for explosive action!
Marco has been posting on his linked in account that progress is coming.
Watching paint dry > phot's current progress.