PHOT was a leader in MMJ and the whole sector was flying, crippling MMs all over the place, some reckless ones were on brink of getting squeezed to point of bankruptcy, so SEC had to bail them out and suspended the top dog to Instill fear. They suspend PHOT, crippled the mmj market with fear and sent PHOt to greys, then some time later they reinstated PHOt and said they didn’t do anything wrong. It was just orchastrated to save MMs from going bankrupt.
That’s how crooked the SeC is! They did it with the bitcoin and the recent bubble. All these halts few months ago was to slow down market and instill fear.
SEC is corrupt! Just look at madoff story as another, how many got swindled because big money paid of at SEC to turn a blind eye.
Another one is OWCp, stock was soaring. Then sec said they were investigating the company so ticker began its crash and boiler room bashers were egging it on. Later sec said company did no wrong but a promoter sold shares while promoting the company so fined him 5 million and said company did no wrong. Not only did sec cripple the company on this false claim, they made 5 million from a promoter and pocketed it.
Sec is nothing more than an organization to protect big money, I have yet to see them do anything for the little guy.
