GrowLife Inc (PHOT)

[bonrox]

What's wrong is easy to understand; "Misleading Financials". When you pay the board in shares at par .02 and the trading value is over .50, this is misleading. If there was 2,000,000 shares paid to each board member, each expense was $1,000,000 and not $40,000 as they claimed. That changes the dramatic increase in the bottom line that they claimed.

I actually think that the straw that broke the 'PHOT's back, is the insider sale that should have been filed in 2 days and didn't get filed for 8 days, and then only after they shut them down.

While a lot of people lost a lot of money, the SEC may have done the right thing. I am still up in the air about that one.

I got out of PHOT about 2 weeks ago, but only because I wanted the money for another investment, not because I saw this coming. I always thought they were one of the safest MJ stock to invest in and my intent was to get back in on a dip.