The MJ hype has not yet diminished to where these issues are dormant. Several have been around for a few years now and have never really "exploded" in the way many had anticipated, however one or two may down the road sometime...which ones is a crap shot - take your pick. In the meantime this MJ market remains a flippers paradise, PHOT being a good example. I bought into this in 1/14 for .07 and got out three months later for .50 to .70. Made a ton. It was suspended, went on the greys, then to my surprise, and many others, it "came off" the greys. Why? Because the industry was still very controversial with a lot of press, especially at election time, and that attention was attracting investors, both bright and not so bright. So everybody from Marco (who saw an opportunity in a prominent market, he's not an idiot) on down, including you and me, could buy it cheap with a pretty good expectation of it going up some in short spurts so we could take profit - get it, buy low, sell high. If you look at the chart for the last year there have been at least three - and depending on how you play, many more - opportunities to do just that. It will go down, maybe to .01 or less, but almost for sure it will go back up, maybe not to .02 but enough for a tidy profit. That has been my relationship with PHOT since the SEC cracked down on them and will continue to be until the MJ regulation smoke clears at the Fed level. As you know, I would not advise others on how they should trade, this is my opinion and my way, all should make their own decisions.
