GrowLife Inc (PHOT)

[SweetPetesS1]

The premise of the lawsuits are faulty if any have followed the story's out recently. The sec halted the stock because of texts sent by investors who wanted to sell but couldn't until the 15th. The sec was suspicious and wanted to stop the shares from being sold so they halted. The lawsuit alleges the people selling knew the sec was going to suspend them so they tried dumping shares which is false. They will be thrown out there is nothing against insiders selling after the specific date 3 years after they bought the shares. Additionally there was also outside people who were manipulating the stock. Terrible for Growlife share holders, tough to blame the company, more blame here on sec for halting this and not others in the sector where the same stuff has gone on.