GrowLife Inc (PHOT)

[mortalmyth]

phizzy, yes, PHOT is going to court to defend against a class action shareholder lawsuit, and probably the derivative action as well. We'll probably see something about the hearings within the next six months or so.

The question is how many shareholders have joined in on the suit to try and get some of their money back. Will be interesting to hear about the specific items brought forth in the discovery phase and see where the case heads. I sure wouldn't want to be in the company's shoes during this period, that's for sure. At least the company is fighting, and may have some funds to be awarded if the suit ends up not resulting in their favor. At least some think the company may become profitable within a year. However, I have my doubts.

Anyway, good day to you.