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I concur w PR. Just to be clear, are the "longs" buying this due to fundamentals and believing in this company? Or are the "longs" buying due to the hopeful hype that may occur in November?
+1. I would ask Marco this simple question: Are you buying your shares at this level?
Let's see who has the courage
4.5mm shares sold vs 900k bought as of 1:00..
Bulls are running as you state. Lol
Again, watch and learn the hard way
Incorrect. Bankruptcy is only in the cards for the overdebted cash stricken.
Sooner or later this type of financing any operation with investors (aka:yours) cash and dilution at a discount will turn off every investor.
It's your money and you can do what you like obv. I've only been trading since 1996 so I probably don't know what I'm talking about anyways
For the most part the blog is redundant. Read all the others..
Bankruptcy is in the cards
Straight from the Hegyi man:
For 22 months GrowLife had a dry spell on the Grays and was funded with debt and limited gross margin dollars. The debt is now due and being paid with shares rather than unavailable profit dollars. The alternative was to shut the company down.
Happy now?
No blog posted? Wow what a surprise..Not
As noted in previous post, Hype Rinse & Repeat..Good luck Mugs
All good Hokus..The most recent tweets after one follower questioned the decline in revenue. Hegyi truly is scamming "long investors" and running this into the ground. This blog entry will be filled with smoke and mirrors
Marco Hegyi
?@marcohegyi
“The [rev] decrease was due to…lack of liquidity.” Cost reductions keep company going, but rev declines when we closed loss rev channels
Marco Hegyi
?@marcohegyi
i.e., 7 stores sell $100K but lose $20K each. Closing 5 stores stops $100K loss but wipes out rev by $500K
(Writing blog this weekend)
Redundant red flag. Look what their payroll is and tell me what the percentage Hegyi is paying the "employees".
Employees
As of June 30, 2016, we had one full-time employee and one consultant at our Seattle, Washington office. Marco Hegyi, our President, is based in Seattle, Washington. Mark E. Scott, our consulting CFO, is based out of in Seattle, Washington. In addition, we have 7 employees located throughout the United States who operate our e-commerce, direct sales and retail businesses. None of our employees is subject to a collective bargaining agreement or represented by a trade or labor union. We believe that we have a good relationship with our employees.
JJ--Read this
The Company anticipates that it will record losses from operations for the foreseeable future. As of June 30, 2016, our accumulated deficit was $117,980,410. The Company has experienced recurring operating losses and negative operating cash flows since inception, and has financed its working capital requirements during this period primarily through the recurring issuance of convertible notes payable and advances from a related party. The audit report prepared by our independent registered public accounting firm relating to our financial statements for the year ended December 31, 2015 and filed with the SEC on April 14, 2016 includes an explanatory paragraph expressing the substantial doubt about our ability to continue as a going concern.
Continuation of the Company as a going concern is dependent upon obtaining additional working capital. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.
Do you know how many "Cubes" they need to sell to keep this going?
I see BR in the future
That 10Q is absolutely gross
I may be wrong here, but here are my thoughts. I don't care what company or agency it is,news always looks into and out of. This looks to me like news leaked that the DEA had an opinion on the rescheduling of MJ. This news made it into the mainstream and people took a shot at it, with people that don't have that info available watching big buy orders go through and want to catch the train moving up. All the while insiders with more information liquidate. Like I said, I could be wrong but this looked like a suckers rally as I pointed out days ago.
Marco Hegyi is and always has been overrated. I personally have called him out on a few things and his response was to BLOCK me from following him on TWTR. That is not what a CEO does that has good things in the works.
Any news on that summer SH'er meeting? Nope..Ya know why? It was all lip service. Borderline a scam.
Regarding volume on certain equities today: It's Friday and people do not want to hold over the weekend. Not saying all, but some. $PHOT has and will continue to have declining rev's. They've anticipated and disclosed this in their filings. IMO, it was only disclosed to avoid any claims, legal proceedings and so on. They covered their butts indeed.
It's constant dilution and paying salaries and "service awards" and "consultant work" at your expense. You had stated that .012 was the new floor. In my experience, technical analysis is meaningless when playng any OTC equity. It's hype, pump and dump, rinse and repeat until there is nothing left..
Just my 2 cents
Obv you follow $PHOT PRManiac. What others are in your crosshairs? You are one of the few here that are in tune w the market.
You are proving my point. The insiders did not "buy"..The shares were issued in lieu of payroll and "consultant worK'..Again. READ THE FILINGS....
I am neither long or short $PHOT. I've traded it since 12/15 and know quite a bit about this company. There are only a few thousand shares short BTW. I've been trading for 25 years and rarely have I seen people play "short" the penny's. Way too risky.
So it's not that I prefer to hear good or bad news about this company. MH has had plenty of time to get this off the ground and he has failed IMO. I will trade it to the upside and that's it.No shorting possible as my broker has no shares available to short even if I wanted to.
I correct certain things that are stated on this board only for dialogue. Inexperienced investors that get their info from boards learn the hard way from people posting erroneous info. Aka: the pump. $PHOT price action within the past 5 trading days has proven that.
GLTY
$PHOT does not have a MM. Unsolicited quotes only
My understanding is Monday 8/15 is earnings..If they were rosey, nobody would be selling..
7MM shares was a sell order..Just like yesterday...Here's your proof..A 7MM share buy order surely wouldn't happen at 65% of yesterdays close..Are you seeing a pattern here..Read the filings
http://ih.advfn.com/stock-market/OTCBB/growlife-inc-pc-PHOT/trades
Quite the contrary-1 hr of trade 12mm sold vs 3.5mm bought
Please stop giving advice JJ..Greners is gone..It redirects..
These insider buys were NOT actual purchases. The shares were issued in lieu of payroll. Read the amended filings.
I knew that PR..Was curious how much dd this pumper actually does..
33mm sold vs 25mm bought...= suckers rally
Short covering? How many shares are short JJ?
Yes a $120K cash withdrawal at the open..
MH getting torn up on TWTR. Be careful people as he will block you as he did myself after calling him out on his poor management skills.
But then again I just created a phantom acct..This guy is as sharp as a bowling ball..
Go $PHOT
No one knows except Hegyi..I'm sure he will bring it up in the summer SH meeting..Oh wait that's never going to happen..So you will never know..
Buying a retail store w stock is not the answer to $PHOT problems.
As I have stated several months ago--Hegyi is overrated and has to go..
Bankruptcy seems inevitable.. GL
You wouldv'e been better smokin that money..
Ford D = Dilution = Decline
It's that simple
Optimism is healthy. Optimism in this company is naive. There will be no turn-around for this. It is very obvious cash stricken is the norm and dilution for payroll/expenses is the only answer.
If I could short this I would. It's that obvious
My leprechaun just told me that $PHOT is going to $1.50..Asked my unicorn and she confirmed..
Go $PHOT---lol
I am officially blocked from Hegyi's $TWTR account...Guess he got tired of being called out of lining his pockets at your expense..
Be smart people...Run don't walk...This is going sub .01 as outlined in previous predictions. Money doesn't come easy nor is it cheap.
Several "cash" trades taking place. There WILL be lawsuits eventually..Maybe not publicized but just one is enough.....
$PHOT business model is lame. Retail is not the answer. "Growlife Cube" will fail your investment and hope.
Not being a Debbie Downer--Just face reality
More like he needs to step down...Your bag is getting lighter as predicted..
Go $PHOT --- lol
Repeated and continuous dilution is not added value...Get a clue MH $PHOT
November is in illusion for $PHOT. All this selling is done by ones in the "know". Why sell such large positions if there was any confidence in a "rally" for $PHOT...
Keep holding that bag that gets lighter and lighter..
Go $PHOT.. lol
Lol-Misunderstanding? So the SEC filing that Hegyi signed was misunderstood? Jesus, that's a good one.
Going lower $PHOT
Can't you just smell the SEC inquiry and the lawsuits...
How's that summer shareholder meeting coming? Why anyone would continue to hold this is bewildering..
GO $PHOT lol
http://ih.advfn.com/p.php?pid=nmona&article=71956554
ehhh- what's another 6mm shares added to the pool gonna do? Sub .01 is coming....November will not help $PHOT
Hegyi should change the ticker to DLUT
LOL-this is a dog..Trade it..It's your best bet..just made another 35%..that 200K block as a ??trade was a sell. buy it back lower..Cube still not proven and still @ beta stage. failure to disconnect from Greners is a bad move with hundreds of dissatisfied customers.
With more dilution to come--It's going lower..No market share and an acquisition that IF it goes through will only add to the dilution..
Yes Hegyi is overrated..
Go $PHOT ---LOL