GrowLife Inc (PHOT)

[guswallace]

Growlife has already begun to contact market makers



GrowLife is trading on the grey sheets because, when a company has no market maker for four or more days, as is the case with a 10 day trading suspension, then the company is required by OTC Markets, the governing body of the all stocks that are not traded on a major exchange such as NASDAQ to be placed in the “grey markets” In order to relist back on to the OTCQX, OTCQB or the Pinks, the company must reapply to FINRA through the filing of a form 15c2-11. This form is sponsored by a market maker on behalf of the company.

Growlife has already begun to contact market makers about sponsoring its 15c2-11. As soon as a market maker agrees to do so, then the application will be sent to FINRA for approval. The process is not fast, but Growlife is attempting to move through the process as quickly as possible.