![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, April 17, 2014 2:02:00 PM
A lot of people point immediately to a scam and I did too at first out of anger and denial... But I started to try and think logically. Look at their board members and officers... I don't think you will find a higher class of members like this in ANY other MJ stock. Why would they scam people for a few million and leave tens of millions of shares on the table when the company / industry has the potential to bring them in tens of millions of dollars... ?
They fully report to the SEC, why would they screw up their paperwork knowing that it is under the microscope? That would be like someone walking in to take a test that they knew they were going to Ace and get caught cheating only to end up failing... it makes no sense.
The only logical thing I can think of is this industry has caught the eye of the Major Players in business making companies in the MJ targets. And to me it looks like they are doing what they can to shut them down positioning themselves to move into the industry as now everyone is seeing how much hype / interest / MONEY can be made... Major players will always try to crush the little guy... happens all the time and I wouldn't be shocked at all if this were the case. So with that maybe the SEC found just enough wrong to intervene but this is of course all speculation.
Also, they are still at work... they haven't fled or attempted too... Like someone said before... these guys are professionals and why would they tarnish their entire careers with a scam on a relatively small scale? These guys are lawyers / business execs... you think they will want to retire fully on just a million or two? I'm sorry but titans of industry need tens of millions to be happy and these guys know that this was obtainable in this new sector... I know I'm rambling on here but as I have had time to reflect and think these are the questions that have been bothering me... In my honest opinion I think an honest mistake was made, something semi minor / semi serious. They tried to cash in a little bit because they knew they were under the microscope with the SEC but left tens of millions of shares on the table because they feel that eventually they can recover from this... But they still sold the shares the legit way by filing their Form 4's as required.
Who knows really... all speculation. Hopefully at least 1 person shares my point of view...
Recent PHOT News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:10:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:37:01 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 02/02/2024 09:22:33 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 07/19/2023 08:43:46 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/19/2023 01:36:57 AM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM