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Thanks Xman. I held on bc I thought the products themselves had potential, then watched it sit for...5 years? Glad it's back.
Please tell me this is not a P and D.....
GO AHFD! Baby needs shoes
Wake me up at 5.00
So what is the bottom line for SGLB at this time?
Much ado about nothing here....
Like watching dry paint dry.
Well I guess that says it all! Thanks! And GLTA...maybe some possibilities to recoup....let's see, they have office equipment don't they? We could storm the place and hold a big yard sale!
So...is this company still alive or ???
I feel like I own 250,000 shares of styrofoam.
Interesting....so a SGLB stock buyout or we'd all end up with GE stock instead? Wow.
So...did I miss SGLB in your post about GE or is GE trying to do this in-house? They do mention America Makes...SGLB is part of that...but no SGLB in particular.
Impressive work, Stockmama!!! My head hurts reading it, but I'm glad you took the time to do this! Six-sigma is all about value-added by increasing efficiency, productivity and safety. This seems to do it all. Great post!
Instruments of the Devil, I say.
Hm...gives me a chance to have a yard sale and more SGLB! ;o)
Stirling Scott is not stupid. His ex-wife may have done something shifty with her stocks--or not--we don't know yet because the SEC is being very vague about the exact complaints.....But he knows that the PR surrounding him and his ex are not good for PHOT. I think that it's a good guess that he wants to make money, too. I think he stepped away from the company realizing that his presence was now toxic. He didn't dump his shares and go away, he hung on to them and is buying more because he believes that the company will make money. It's as simple as that. Stirling Scott wants to see PHOT do well; otherwise, he'd dump his shares at any cost and buy something else.
And before shorts start in about he'll wait until it's pumped and them dump them...but it's dead and gray listed, right? So no pumping with this dead stock! And isn't the SEC keeping an eye on this company now? You seem to have a lot of faith in their power to shut the whole thing down, so maybe the same faith in doing their watchdog role to keep that from happening?
Hope the storm comes on Monday...I found enough change under the car seats to buy some more shares at 0.13. It can go up to $10 a share after that :o)
Maybe a good point, but since we're stockholders,not members of the staff, we're allowed to ask odd and maybe edgy questions. We have an excuse! I think the onus was on him to answer them in a diplomatic way. At least he knows Sigma has some backing! The GE page is more or less "WT (you know what), there are a billion dollars in jet engine orders and the stock price drops?!"
BTW, hope you'd fit right in in Eastern Washington...In July, clothing is optional, AC is not....
I believe this is the board of directors:
Mr. Marco Hegyi
President & Director
Vacant
Chief Financial Officer
Mr. Joe Barnes
Vice President-Retail Sales Operations
Mr. Mark E. Scott
Director
Mr. Jeffrey Giarraputo
Director
Mr. Anthony J. Ciabattoni
Director
These aren't slouches and I could find nothing sleazy in any of their backgrounds. Some good connections in several areas.
So apparently at one time you thought this stock was sound enough to invest in. Hopefully you have sold and are now out of the game.
Volatility is the name of the game here. The whole sector. If you want guarantees, go blue chip.
Who is going to trial, what charges have been filed and which attorneys have filed charges? Who were the charges filed on?
Marijuana related stocks are volatile and they are new. Many have been scrutinized:
From http://www.goodetrades.com/2014/04
"This morning in premarket the SEC suspended trading in Growlife (PHOT). PHOT joins CDFT, PTOG, AVNE, and CANN on the list of marijuana stocks that have been suspended by the SEC over the last couple months. CANN reopened for tradingtoday and as I write this it is down 38% at $18.01. (I am currently short CANN.) PHOT will reopen for trading at the market open on Friday, April 25th."
And from http://www.forbes.com/sites/nathanvardi/2014/04/25/pot-stock-growlife-plunges-by-60-after-resuming-trading/
"Regulators have warned investors about potential scams involving pot stocks, which mostly trade in the penny stock OTCBB market, and the SEC has temporarily halted some pot stocks. The SEC’s concern appears focused on the trading of pot stocks by third parties who may have been involved in financing deals. Most recently, the SEC temporarily suspended trading of Advanced Cannabis Solutions in March, citing questions “regarding whether certain undisclosed affiliates and shareholders of Advanced Cannabis common stock engaged in an unlawful public distribution of securities.” Shares of Advanced Cannabis plummeted when they resumed trading two weeks later and have dropped by more than 40% in April.....To be sure, pot stock investing is not for the faint of heart. Shares of CannaVest, another high-flying pot stock, changed hands for $201 at one point this year, but now trades for $20.50. Still, one man who helped launch the company, a Florida physiotherapist named Stuart Titus, pocketed $7 million in stock sales this year, SEC filings show."
So the spotlight is not just on PHOT.
PHOT is an awfully active stock for a corpse...share volume today was 3,664,318. Share prices went up to 0.10 at about 1:30 but the bottom has stayed at about 0.8...how come it hasn't plunged to .001? Someone is buying this stock. Do you have any ideas who? Can you offer any data to back up your statements? If you know something important or if I'm missing something big, here, please help me out.....
Re: Sigma revising their patent: hold your friends close and your enemies closer. Wise move.
Have you been to a store and seen their products? What are you comparing their products with? I am all ears if you have some basis for your claims.
Interesting! I think this is one reason the SEC has been so hard on all MJ stocks....the rules aren't clear yet on a lot of aspects of the legalization and business end of things. We will have a lot of volatility as a result.
Interesting consideration, Apostle. I was just re-reading GrowLife's description and it has a lot of moving parts. I was wondering if a takeover would be in order. GRNH is doing well (and their board is a lot more civil if you need to take a break from this one).
Although marijuana admittedly has some down sides, I have several patients who use med marijuana and there is a huge demand for it. They are worried about the quality and the possible unintended "stuff" in their supplies, though. They are already either sick or in pain and the last thing they need is some random chemical or pesticide or whatever in their bodies as well. It gives some of them much-needed sleep and helps with pain. It is a good option to benzo's which can have all sorts of side effects. Moving from the sketchy backyard or forest grows to more regulated, indoor grows will give more quality control. I see PHOT as being a possibility for this and hence my support..it's better for the land and it's better for my patients. FYI, right now, recreational marijuana is selling for about $35 a gram and medical marijuana, about $10. Both types are in strong demand.
Their PR people should at least review boards like this....there are a lot of little $$ and some good sized $$ represented here. Without us, they wouldn't have had the revenue to get this far. Market sentiment = us. It would not be a waste of their time to cruise these once in awhile.
Interesting logic, but if it works for you....
Mine is worse, but oh, well, live and learn. It was money I could afford to invest and lose. If I wanted to have iron clad returns, I'd go to the blue chips or a mutual fund. HO HUM! Some of that is great, but we also pay for the entertainment and the chance of high returns with this stuff. This is way more fun than the HOG stock that I owned. It was really solid but it was like watching paint dry....
Finally someone who makes some sense. Thanks, dansbooks.
That is a possibility, but so far GE has been all about collaboration and outsourcing. Why spend all the money and time to develop their own system? They want to sell billions of dollars in engines. And remember, SGLB holds a patent to the Printrite system. GE can't just clone it.
I agree, but then I have to remind myself that its a matter of perspective here....we cult members think Sigma is the centerpiece because we all have money sitting on Sigma, but really the jets and the engines are the bigger picture. GE hasn't really talked about the specific equipment to put the things together in most of their PRs. I think that they are trying to push a wonderful new engine that uses less fuel, and is cheaper and more reliable due to some AM parts that will eventually increase to way more AM parts. They want to push the big picture, and maybe the coolness of the new AM technology....but not the details right now. At least that is my opinion. They want to sell, sell, sell the big ticket jets not the individual nuts n bolts. My opinion here....
Nice article, Stockmama22....3D printing is here to stay. I wonder if the automotive industry will be one of SGLB's next/additional markets?
Damn! Yes, very nice set up and gets the interested parties in the door and shows them the goods. We all know that the real negotiations will be taking place on the golf courses.... Yay for the buyer$$!
Excellent points, all!
Shares and stock options are almost always a part of a manager or partner's pay package. Nothing new here. The point is that they accepted them and the risk associated with them rather than insisting on say..... Kruggerrands or gold bullion.
My sentiments, exactly!
Thanks, Kanya, I stand happily corrected. They aren't Sigma-related parts, I believe, but the door is open.
Going out to collect pop cans by the side of the road to cash in for more shares of SGLB. Sofa cushions are depleted until next dinner party.
That happened during the .coms for those of us who remember.The market has been through that before. The people who came in early still made money..lots of it. Those who invested in it late or bought at the top lost it. DD is the answer. Be smart about how much you invest. If you can live without it, great. If not,don't play here in penny land. Way too volatile. The chances of getting in on the ground floor investment in a great company are there, but you will lose some on the way. Big money doesn't use emotion to invest; they are pretty much data-driven and look at fundamentals. There still is not a jet in the air with a 3-D print nozzles on it. It will happen, but not overnight. It will take time!
Thanks, everyone, for your input, too. I am not a pumper, only own a handful of stocks in this company. I am definitely upside-down, but it won't keep me from eating my next meal. I keep an interest in this because I did watch the wine industry take off beginning in the 1970's in WA and this has the same look and feel, but I don't think it will be as big because of the previous illegality of marijuana and some stigma. It will be big enough, though, based on the first few days of sales and there are a lot of people who use it for pain control, anxiety, insomnia. If PHOT can't make it here in WA, they can't make it anywhere. So, I'm willing to give it a chance and hang on to my stock while they see if they can fit in here.
What surprises me about this company is that although they have been left for dead they are still being bought and sold on pretty decent volume. All those buyers out there can't be totally off. So, there is still some green left in those dead branches, so to speak. I contacted their PR dept yesterday and asked for an update on their status. I don't know who responded but they sent me this link:
http://seattletimes.com/html/businesstechnology/2024049793_sundaybuzz13xml.html
It's an interesting article and Hegyi doesn't paint an overly rosy picture, but an fairly optimistic one. He can't comment re: the shenangans regarding the insider trading because he'd be sued, but he was right, it was overvalued and yes, there was pumping and dumping going on, but there always is.
I really can't say how I think this company will go, but I am hanging on to my shares and if I lose it all, that's the price of investing in pennies. Boom/bust in the same hour. But I do think that news will help investors make their minds up.
I liked Hegyi's transparency. And WA state is the logical place to go. If you followed the wine industry around this state, you'll see a prototype. I swear, very third person in Eastern WA has a winery and most had little idea what to do to get started. I don't know how many wineries there are, hundreds, but only a handful have gone bust. So a company like GrowLife can offer assistance to those with ambition to get in on the ground floor of marijuana growing now that the wine industry is flooded and maybe they don't have so much experience....a few farmers who are looking for a new niche crop?
A little pot store opened in Prosser, WA, and was open only 4 hours a day Thurs and Fri last week, the first two days of legalization. It sold out both days. WA state earned $150K in excise tax revenue in those first two days alone and since we just made alcohol sales legal in grocery stores rather than state liquor stores, the finances could use the boost. Other states will see the dollar signs and follow.
Will PHOT get in on this business? I think so and their move here was a good first step. Is their infrastructure solid enough to ferry the business to success? With Hegyi at the helm, they have a chance.
Just food for thought...or put it in your pipe and smoke it....or whatever.