GrowLife Inc (PHOT)

[tradeforaday]

If they want to mitigate the carnage of a R/S they've got to get the PPS up to at least .02-.03 and ideally closer to $.05. There almost certainly will be a drop. At 100/1 it will get .025 up to $2.5 per share... which will probably slide down to $1.50/share (and probably eventually rebound in months or years as long as the company can fund itself). Going 100/1 from $.008 only gets the PPS up to $0.80 (which will drop to $0.50 or so).... which does absolutely NOTHING to help getting up-listed. A R/S makes infinitely more sense when the share price gets up to closer to $.05. In fact, at that point I think it's a pretty darn good idea. Then a split to $5 can withstand a drop to $3 and still be in the discussion for an up-listing.
The vote happened... the company has control to do the R/S...fine. They need to keep that in their back pocket for now. Fundamentally grow the company, show huge sales gains, get the PPS up to around a nickle… and then pull the trigger at an even ratio R/S. At that price things will not be frowned upon by the market.
The question is whether the company can weather the storm long enough to rally the PPS up to $.05. If so, now is an incredible opportunity to buy. If not, it's a dead end no matter how cheap shares are purchased.