InvestorsHub Logo
Followers 7
Posts 420
Boards Moderated 0
Alias Born 01/21/2016

Re: lineItemVeto post# 97614

Saturday, 02/27/2016 8:10:14 AM

Saturday, February 27, 2016 8:10:14 AM

Post# of 120623
The original MM was listed within the body of an email from Hegyi I posted here a while back - spent 20 min. this AM searching, cannot find it ??? Anyway, it may be irrelevant since we now have a multitude of MM's servicing PHOT today - from the website:

"The return process involves many market makers, currently five trading regularly, and moved about 75 million shares in the last five trading days."

http://growlifeinc.com/

With this quote from Hegyi (below) I'm leaning strongly toward all parties heading down a path rarely taken (back from the grays) and in turn are still streamlining the process (including FINRA) - sad but true. If, in 30 days, these "glitches" still persist then I would say we have issues - the following statement from Hegyi suggests were back (legally) and moving forward.

“GrowLife was notified yesterday that FINRA approved a market maker who filed a 15c2-11 in August 2014,” stated Marco Hegyi, President of GrowLife. “We are pleased to clear this important hurdle of restoring trading in GrowLife on the OTCBB. Re-listing on the OTCBB will allow us to enhance liquidity in the stock and attract additional market makers and institutional investors. We plan to expeditiously apply for up listing on the OTCQB to further these goals.”

You will see the remark "attract additional market makers" - since that statement we now have five (maybe more?) - I don't think additional MM's would be able to jump on board without being approved first by FINRA.

The fact we now have several MM's speaks volumes. And I certainly don't think Hegyi would make the claim if it were false, he has struggled for years to get to this point.

I am no longer concerned about this, but I can respect that others still might be.

Will catch up in March.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent PHOT News