Followers | 62 |
Posts | 4507 |
Boards Moderated | 0 |
Alias Born | 02/09/2012 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, August 17, 2014 7:10:44 PM
The next day a certain stock loosely related to the MJ sector ran from dimes to 100's of dollars. I was like, why didn't I think of that?
Then came a surge in all stocks claiming to be in the MJ sector. And subsequently since then, several little rallies have happened.
Companies with little more than a claimed affiliation to MJ became worth 100's of millions. Unfortunately, the companies had little more than a dream to reach those valuations. And many in the sector fell just as hard as they went up.
CEO's became filthy rich Rock Stars on paper. PHOT at least had a business.
The sector has matured in that it will take more than just mentioning MJ in a PR to substantiate any real growth. Sure the penny players will drive momo from time to time, but long term will require some revs.
Now that the bubble has burst and PHOT is on the greys. They have little choice but to get back on track and revamp the business. PRs may not get it done to sell shares and pay the bills anymore. The SEC is suspending otc's and putting them on the lowest tier gray market. Promoters are being run out of town and even arrested.
I commend the MJ enthusiast's who have become scientists over the last several decades. Genetically refining an already hardy plant and making it moreso. Developing strains that are extremely tolerant as well as, condensing the medicinal properties, while even making them easier and more forgiving to produce great product. Nutrient companies developing easy to follow nutrient regimens for healthy yields of the highest qualities. A grower is just a grower using other peoples supplied ingenuity to make dollars. And a supplier supplies other peoples researched and developed products for a margin. PHOT may be considered a "pioneer" of sorts, but, are they on the forefront leading the industry? Do they have a must have?
I don't think they are there yet. The infrastructure is the same as it was. Can someone share any noticeable progress they have made in the industry? Will they find a niche and exploit it to any great degree to become noticeable among the competition?
I suppose all investor hope is on the new management. That's cool. Lots going against this one right now.
Just my opinion and best of luck.
Let's keep it civil and understand that this is a forum of mostly amateur opinions. I am not here to give advice or argue. The best way to get rid of trolls is by using the ignore feature. And if you don't like what I say feel free to ignore me. Thanx.
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
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM