GrowLife Inc (PHOT)

[jbin]

I'm not sure this sell off was totally due to that article... I mean a lot of people were probably profit takers after seeing 200 - 500 percent gains in a little over 2 weeks. In the current state, with no news of the GIFT program (physical numbers) we all know PHOT was not worth .40 +... nothing changed between .12 to .40 news wise to drive the company other than the hype of legalization which i'm surprised it drove it so high as everyone has known Jan 1st was legalization in Colorado for months.

I'm not saying that this company is not worth .40 + cents... it probably will be worth much more... but not until they release details about GIFT (actual numbers).

I believe that this thing should consolidate in the teens until they break some news. That being said I believe in management and what they are doing.

In penny land, I would put my money on management first as none of the companies are turning a profit.