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