I have said it before and I will say it again. Mr. Hegyi did what he needed to do in an effort to bring this POS back from the Greys for one purpose and one purpose only: to dilute the company into oblivion. These crooks had more shares to sell. It's plain and simple. He has minded his p's and q's by filing all financials in a timely fashion, refraining from issuing press releases, and maintaining a low profile.
Sales have plummeted, revenues are down significantly, stores have closed, the number of employees now stands at 2, and there is virtually no credibility at GrowLife anymore.
Many legitimate companies have been positioning themselves for success and their PPS has maintained a level if not slightly increasing pace. Regulating the industry is going to take time, but many legit companies have planned for the doldrums associated with this time period we have entered into. Unfortunately, PHOT is not a company that is planning for the future. These crooks seem to be concerned with selling shares as fast as they can and nothing more. For anyone who thinks that this particular stock might have a snowball's chance in hell to hit previous highs from 2014, understand this. The SS sits with the O/S at 3x the number of shares from the 2014 days. The sales numbers and revenues from those days have all but disappeared. Stores have closed, there are basically no employees left, and management has seen fit to take the high road regarding communication with shareholders.
The writing is on the wall unfortunately. These folks are done.
How incredibly pathetic Hegyi. The only glimmer of hope should be the recent salary conversions to shares. These guys would need to report any sells and so far we have yet to see any of that. Then again, this thing has been manipulated before so who is to say that it won't happen again.
GLTA
IMHO
