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WOW, I got kicked off the PHOT board? Admin, can you please tell me Why Apostle can say whatever he wants whenever and when someone decided to call him out for all his back and forth behavior I get punished for it? I am tired of no explanations and just having post taken down. For god sakes....the kid claimed US marshals were at Sterling's house arresting him, I believe false outrageous statement which is only one of many he made, should be deleted.....any explanation would do, please!
All this being said I DO realize why i was sent here, a personal attack was made and vulgar language. I said it in my post I don't think he is a bad guy, but he has been acting and posting nonsense and garbage the last two weeks and he is a MOD and never explains himself....it freaks out and riles up all the people he MODs, not cool IMO....
Thanks,
Otto
WOW, I got kicked off the PHOT board? Admin, can you please tell me Why Apostle can say whatever he wants whenever and when someone decided to call him out for all his bi-polar behavior I get punished for it? I am tired of no explanations and just having post taken down. For god sakes....the kid claimed US marshals were at Sterling's house arresting him, I believe false outrageous statement which is only one of many he made, should be deleted.....any explanation would do, please!
I thought you said Rosen was ruthless, no? Not sure whats gonna happen with the lawsuits to be honest but its still not good PR to have them trying keep the class action going after they start trading again IMO.
I don't doubt its a positive for the company, I am just wondering what he alone will do to the pps of the company, I hate to be negative but who cars if they had another all-star to this management team....as of right now this company has 7 brick and mortar stores and a few online businesses, that not going to propel this company to the next level and not the reason I invested my money with them. Gift contracts, kiosk, software, RXNB, and not to mention a piece of the Canadian market where the laws would be good for this company in the present was the reason. Well they lost the Canadian deal, RXNB, and I couldn't get an answer if the 1 GIFT contract that was in place is still on......Not to mention no kiosk or software no where to be found. Also I wasn't impressed with their last PR with the Kyle Kushman nutes, thats not big money PR IMO.....
I gotta ask why people are so keen on them adding A GE guy to the board, I understand this is a management team is legit but how will this guy alone help make this company money right off the rip? Also I could be wrong but are they maybe just replacing one member with another, remember the guy who took off at the beginning of April.
I got a call back from that hotline today actually and all the really would tell me was that all stores and online businesses are up and running and that the SEC hasn't planned any formal or informal investigation.....when I ask if the Aspen GIFT program was in tact, she said she couldn't answer that, or about the kiosk, or why Sterling said third party, yet nothing was mentioned about a third party on the SEC suspension letter. I want badly to be a PHOT long, I just think its a littler early for this industry to take off....Sterling said himself people need to be patient and laws need to be changed/rescheduled......IMO the industry is still gonna need a few years before some of these stocks take off.
All this info made me pull out today 50K at .18....I broke even, I am now in the position to buy back in if I feel confident enough, after 2 weeks of thinking I plan to probably wait til laws start to change federally, just my 2 cents....
I believe washington is delayed...correct me if I am wrong.
Scottrade is now NOT allowing me to trade online....tried to put in another order and its saying it can't because of no bid or ask could be found....
Agreed, that why I cancelled it....just wanted to see if it would go through.
I just put it in for .25 to see if it would go thru....than i cancelled it.
Burton,
I also have Scottrade and was just able to place a sell order, about 20 mins ago I couldn't....good luck!
Pros and Cons of Letter
To me the biggest pro was, them basically saying they had no knowledge of the hault and that the SEC can back them up....
"GrowLife has no knowledge of any irregularities that may warrant a suspension of trading in our securities and the fact remains that the SEC ordered a trading halt." In response to the suspension
"Of course the SEC knows that the Company had no knowledge of the surprise halt." In response to his wife selling shares.
Con's.....
"That said, shareholders and investors should understand that insiders have lives, taxes, debts, and families."
I undserstand taxes and debt, but lives and families should be tied in with one word, IMO.
"Unfortunately, plaintiff law firm investigations, including class action efforts, are commonly raised whenever there has been an interruption in securities trading. In due course, should lawsuits eventually be filed, the Company will address and respond to allegations."
Sounds like they are getting those responses in order...
"If history is any guide, there is likely to be a negative impact to GrowLife shares when trading is allowed to resume." So they're telling off the rip we are gonna have a lowered pps and they won't be able to do a damn thing about it.
Makes you wonder about the gift programs and software....
Investor 100,
Those guys don't know anything going on. I went down their yesterday and poked around a little...got answers like "they don't tell us guys much."
"its just an investigation."
"Things are gonna bounce right back."
You know more of whats going on internally with growlife than they do with you DD, to be honest.
Good to know, I am a stone throw away from Falmouth. Not sure how to get intouch with you privately because I don't have a subscription here, but if you got a email let me know.
I am able to shop at one of their actual stores locally and was well familiar with the products, prices, and service they provided. I admit i never checked their online site because I don't do any of my grow shopping online. I bought their stock with lots of risk and I realize that,I didn't think their stores or online sales that were going to put this company in NASDAQ...i was expecting major deals to go on such as the Fitx, rxnb, and gifts all the while more states start to become medical and legal over the years. Well looks like I am wrong and it won't be the last time I am sure. Sometimes you gotta roll the dice.
Also I got out of Fit2 because of phot, also the fact that the canadian gov't is allowing its patients to grow their own medicine again is gonna kill them big time IMO. Also what experience does that dude have in growing buds???? Everyone thinks its easy and cheap to grow high quality flowers. In reality it isn't.
One of the reasons I invested in PHOT was because they had stores and a strong online presences, let me know at the very least they had these and it wasn't a total scam. I am gonna wait and see myself but at this point I don't feel good, when these guys need to pay rent in shares it's usually not a great sign...I was risking on the fact that Fitx deal would go through and then a handful of gift deals, and than 2-4 years the industry would explode. Plain and simple any investigation from the SEC is not good.
Jabroni,
I was in their yesterday actually, I am not far from the store either and actually have to stop their again today to pick up coco....want to meet up and grab a beer? lol...
I am in 100% agreement wiht you Cycler...remember though the people who work at those stores really don't know a thing thats going on fromt he other side. Honestly I feel bad for those dudes because they have angry investors calling the store asking for answers, which they don't have. They know less than us to be honest.
Not trying to stick up for PHOT whatsoever here but they sold 3 million shares or the 75 million or so they owned together....I feel as though these guys intentions were good,they were fighting tooth and nail to keep this thing going. Maybe its possible they took the shares out to hopefully pay off taxes or necessary debt. Its also possible from the Dec 23rd letter from the SEC that they tried to work with the SEC to avoid this and got to a point where they knew this situation was gonna happen and tried to take a some money for living expenses at the cost of the shareholders....either way the shareholders get shitted on.
Growlife store in Maine...
I also wanted to mention I went down the the Growlife store in Portland Maine to see how the mood was down their. Obivously these guys have no idea as to whats going on, but they did give me a "its just an invesitgation and things should come out fine, we're still open." When I mentioned how his buddy Hunt was selling off shares he seemed a little shocked....I asked if they were gonna continue to stay open and his answer was "I hope so, I really like my job." Personally if they stay open and are accused of wrong doing to investors, they better shut down or I'll make sure customers walking in their know how they truly feel about their customers.
Things we should as investors.....
Look I know everyone is pissed and worried and with good cause, this is not a good situation for anyone involved other then people who were thinking about buying in. I will be the first to admit to losing money and being a newbie to trading stocks, a BIG lesson on my first investment that I'll never forget. I am a medical grower in Maine and had faith in this industry because I know the potential. I got 50K shares at around $10K and this is how I am gonna go about things...
1. wait and see what new comes out from PHOT, more than likely nothing good but we won't know til they say or DON'T say anything.
2. We can't trade again until the 25th, do my homework to find out how to sell my shares if at all, I have a scottrade account personally. Others should do the same with whomever they trade with.
3. Do my own DD on when to sell and at what price, looking for advice or answers from others online will only have you complaining more about how peole "hyped" this. Just remember we all hit the buy button and sat on this, I am and your not the only people getting burned here. Dwelling on it doesn't do any good whatsoever.
4. I am in the mindset I am gonna lose all my money, so I plan to recover $0 dollars.
5. Be grateful for anything I am able to recover.
Great Post, unitygain. Does anyone here think that since Rob Hunt is a consultant for Massachusetts this bodes well for Growlife? Is it possible that they could have obtained license(s), or possible work out a deal to use their kiosk and software to help keep up with the regulatory and compliance terms in mass? I think they have more opportunity than just selling their equipment in mass, anyone agree?
Great Post, unitygain. Does anyone hear think that since Rob Hunt is a consultant for Massachusetts this bodes well for Growlife? Is it possible that they could have obtained license(s), or possible work out a deal to use their kiosk and software to help keep up with the regulatory and compliance terms in mass? I think they have more opportunity than just selling their equipment in mass, anyone agree?
He is an consultant for Mass already? Sorry if this a know fact already. If thats the case wouldn't people be more excited for Jan. 31st.
Possibly, who knows maybe they even get a couple of the 35 licenses they hand out on the 31st.?
PHOT has a store in mass, which is about to open 35 dispensaries, this can only mean positive for the company if you ask me....Also thier IT mgmt. experience maybe be implemented for IT Support for Medical Use of Marijuana System Requirements.
P.S. this is assuming they have anything to do with the medical marijuana dispensaries in Mass, I just have a hunch this may be the delay for some very good PR?
Also here is a link to the mass.gov site talking about IT systems
http://www.mass.gov/eohhs/gov/departments/dph/programs/hcq/medical-marijuana/medical-marijuana-it-support.html
Maybe PHOT kiosk has something to do with all this?
Johnnylighting,
I only say the 31st because Massachusttes said that would be the date THEY issue the licenses, PHOT can't over step them I would think.
I understand that no PR being released it frustrating. I have mentioned this yesterday but will say it again, Massachuesttes is about to hand out 35 licenses for medical marijuana dispensaries on Jan. 31st. It is my opinion that PHOT may have something to do with its in one way or another, weather it being the gifts or even getting licenses. Maybe they have to wait to give away the good news til then, I mean the vote is for feb.7th so hopefully we hear good news on or after the 31st, and before the 7th.
Also stupid question by a newbie investor, but I have a scottrade acct and currently have 50K shares, will I be able to vote? having seen any messages on my acct.
thanks.
LONG PHOT.
Thanks MMMQA,
I signed up here today actually to try and throw some positive info on the thread and keep peoples heads up. As I mentioned before I can easily be wrong about my assumptions, but I may look at things a little different than people who don't know much about the industry or growing at all. I don't think your hire all this big time management because you have nothing in the works, actually I think quite the opposite. PHOT LONG!
Hey guys new to the site, but I have been reading along for a while now, I am not a market guy and never invested any money into them, granted I am only 28 but I have faith in this company and the industry. I understand everyone here is getting edgy and nervous, but like others have said we need to relax a bit.
I have no knowledge of anything inside, but I am myself is a medical marijuana grower on a small scale and have graduated college with a business degree and understand the huge potential in this industry, I even shop and get all my supplies from Evergreen so I support PHOT in more ways then one.
I am surprised to see that no one has mentioned anything about how Massachusetts is about to hand out 35 licenses for medical marijuana dispensaries on Jan. 31st., so basically 2 more weeks, I also find it funny that only a week after that their is this big vote, we have yet to hear any gift partners too, hmmmmm. I am just taking a stab in the dark here but maybe They are waiting to release news of partners in the Mass area and can't say anything until the licenses are handed out, or even better maybe they are getting get a few of the licenses themselves and be able to stay completely within themselves. Even better would be having licenses to dispensaries and gift partners, that would give an excellent reason for us to vote yes! Doesn't hurt also that their are stores in Mass for PHOT.
Here is a link to the mass.gov site where IT Support for Medical Use of Marijuana System Requirements are posted, could PHOT's kiosk have anything to do with this?
http://www.mass.gov/eohhs/gov/departments/dph/programs/hcq/medical-marijuana/medical-marijuana-it-support.html
here is a link to an article mentioning the Jan 31st date of licenses being handed out.
http://www.wbur.org/2013/11/22/pot-dispensary-list
Listen I know nothing to be perfectly honest and like to just be an positive person in general, I understand waiting is the hardest part but in my line of work as a medical grower patience pays off BIG TIME. So sit tight and lets hope once the news comes in we can all relax and enjoy what we've invested into.
All the best, Otto