GrowLife Inc (PHOT)

[Ottomann]

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....