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It really says something about a company's CEO when its' sector is going through a "manic" growth era and the value is declining.
Do some research on Hegyi. He's run every company into the ground that he's held the reigns to. It's all about him and not the co's shareholders. Don't be fooled by his Medium Blog. All smoke and mirrors.
Fasci or Hegyi
I wonder who enjoys being on top because the love affair still exists..Even though I recall reading something the beginning of 2016 that Fasci left his administrative position..
BR protection will be looming in the future...without question
I should have screenshot @marcohegyi response to one of my tweets where I called him out and told him his stock was going sub .01..
His response to my tweet was " I don't think so" .. He immediately deleted it and blocked me afterwards.
Disgrace of a CEO and a person for that matter playing with your funds..
$PHOT
It's going lower this time..You can't say I haven't called this price action accurately.. With all the financial/legal issues this co's experiencing, there is absolutely no reason for this to go higher.
The street decides a co's value unless there is some hype or momentum of course. Well it's the infamous 4/20 today ~ what has @margohegyi done today for his company and his shareholders to capitalize? Once again -- zero -- nada -- nothing
Probably had his beemer waxed with your money $PHOT
.005 is coming
They need 1 employee to move office furniture to their next location due to the eviction from non-payment of rent.
Good luck--Hope you're strong
The street determines company value...Need anything else be said?
Well that didn't go as planned, did it? LOL
SubPenny Land it will stay
California is by far the biggest market for MJ in this nation. But @marcohegyi feels $PHOT shouldn't be there.
"The Company is surrendering its qualification to do business in California"
And whoever is holding this farce of a company must have guns to their heads.
16MM cap with minimal assets and tons of debt.. The writing is still on the wall for this equity
$PHOT just shot itself in its' foot..Nice job @marcohegyi
SS's are nonexistent in this stock..Even if it did occur, there are too many shares available for trade. Therefore, 90% of the float would need to be short.
Adding "board members" is another ruse. Are more board members truly necessary. I haven't checked the financial reports in some time as this company is slowly headed to financial ruins. But last I saw $PHOT only had 7 employees...But lets add some board members that I can guarantee are not making $20 per hour as maybe the warehouse guys are. Yea that makes sense.
Self absorbed and self indulged is managements theme here.
When Hegyi wanted that summer shareholder meeting..Did he mean next summer?
SMH...
This WSJ article may explain why Hegyi has no vision in CA..Bezos is already there
https://www.wsj.com/articles/indoor-farming-takes-root-at-california-startup-1486981806
Nov 8Th Hegyi Tweets "Ca is a game changer"
Anything happening in CA for $PHOT?
CA population 39MM
ME population 1.3MM
Yea that's exciting...Wake up people
If $PHOT's post legalization revenues do not increase by 20%....game over
The downtrend is confirmed and continues. .008 is just a matter of time
Look at a daily chart. .02 was a triple top..Never seeing it again
They will figure it out on their own PRManiac. It's just a matter of time
Made my money on $PHOT last Feb when all the "coming off the greys" hype was happening..
I primarily trade futures now and have no cash invested or traded in this illusion of a company.
Hope it works out for you though
Longs=people that are optimistic about a stocks price thinking it will go up
Shorts=people that think the stock price will go down
You should read the filings...It's all in there
Yea your $$ is in this... l o l
I would think he has had plenty of time to position $PHOT strategically. Lets face it, he has held his "title" for years now.
How much time do you need?
Well it seems some of you are coming to your senses with this $PHOT. Ran to .02 on heavy volume and it seems there was mass distribution to a new set of bag holders.
Hegyi is a thief. Bottom line. A tweet now and then will do nothing for the share price. It's just a matter of time before this thing implodes
He wouldn't dare answer that question on any sort of social or public forum. I wouldn't be surprised if Hegyi blocked that user. I questioned him once way back on an issue and I was blocked the next day from viewing anything he does on Twitter. Which is fine w me.
I don't hold any position in this company. And those that think this will get squeezed due to shorts really shouldn't be playing the market. Fundamentally $PHOT is in very big trouble and it's all there in the filings for all to see. This company is merely a way for certain individuals to get paid handsomely amongst all the hype that exists in marijuana legalization.
The biggest market is in California the way I understand it. It was legalized across the board there.. What has $PHOT done as a result - PPS wise and market positioning..
This is dead money. Sell into the rips and move on. I feel for those that are stuck with this bag.
OSHL is Fasci's operation..Do you now see whats going on here?
Smoke
+
Mirrors
=
Investors Lose
These are not true purchases. These were issued in lieu of payment (cash or bonus).. read the filings
Again, look at the daily chart. It's your money
It's not breaking .02 EVER . $PHOT can't justify the market cap it has now.
And the charts don't lie. HUGE resistance at .02..Look at the daily..It's pathetic
Look at a volume chart for $PHOT for the past year.It traded 26MM shares the day of its' 52 week high (intraday). It's not uncommon to see 3-4x's that volume now BUT at 1/4 of it's 52 week high closing price.
This is what dilution does with no growth. Not sure why anyone continues holding this bag. Sell into the rips. It's a big market out there
Hegyi will continue to run this into the ground. The business model doesn't work and the PPS confirms that
Why not try to get your products in the largest market there is-----> CA? Nah, lets put some stuff in a run down Mom and Pop hardware store in PA to make it seem like we are doing something for our shareholders..
Wake up everyone
What catalysts are there? I would think the biggest one has come and gone.
I concur with this post
Smart traders averaged down and sold into this lil rally. Average traders are holding a bag.
So let's get this straight- $PHOT can sell some stuff in a little hardware store..This isn't a Home Depot deal.
$PHOT has been and always will be inferior in this market. Keep paying for Hegyi's electric bill and his Blue Label. He's thanking your enthusiastic money throwing at him.
So many better MJ plays out there...
"Huge Inventory" is nothing to be proud of..
Do you know what the accounts receivable number is? Gt'd the a/r number is lower than inventory..You might want to do some homework
$PHOT ---.003 is coming
Check out last years ticks about this time...3 words---tax loss selling
$PHOT is going nowhere
I cannot disagree with all of your logic.
The biggest catalyst for $PHOT was getting off the "greys" in Feb (if I remember correctly). I traded it then with an average cost 0f .009 and sold @ .08..Only due to market cap..I don't see a catalyst in the near future for this company. It is my opinion that Growlife's biggest obstacle is Hegyi himself. IMO he has misled and lied to his shareholders. One example would be the summer shareholder meeting of 2016---it is now winter..
My daughter just returned from a vacation on the West Coast..The competition there is insane. MJ stores everywhere. Hegyi has not positioned $PHOT to be a dominant player in this market. Whether it be a supplier or a retailer..The SEC filings don't lie...Period
Tax loss selling will drive this lower..Just as it did last year
Why is anyone still even in this stock?
Looks like there are only 7900 shares short. This could easily run due to the debt repayment and the sector being in a serious momo uptrend..Good luck
Shocking---Under .01...Told ya so
Looks like there was a massive wall @ .02..At .02 it gives it a market cap of 24$MM...Which it is not worth obviously
$PHOT has no legs. Anyone holding after the passing of this legislation I assume is holding based upon Growlife's fundamentals. Which are awful.
Might want to re-evaluate your investing/trading goals. Hegyi at the helm for another 2 years is a red flag. But it's the easiest $250K base salary + options (more dilution)he will ever make.
Don't play the hype when there is no hype left
.10 is a pipe dream That's a 120MM market cap...Good luck with that
Looks like this had its' run. .02 was the battle and it lost
Never fight the trend--This is headed higher..Enjoy your gains
It's NOT a purchase..I read the filings..Not a Tweet