Good day PHOT shareholders.
What a week, lots to digest and think about.
* Insider Buying *
This one struck me the most interesting and bullish news of the week. I can assure you that I have NEVER seen insider buying being filed in an OTC stock. It's not to say that it doesn't happen but historically speaking this is very bullish. There is just no other way to look at it.
You can try to spit out conspiracy theories all you like, but that would just be foolish.
* F!TX CEO sporting GrowLife gear and hinting at G.I.F.T *
Like many, I also think these were hints thrown to shareholders. It's hard for these executive teams to not be excited about this new industry. They want us to be excited with them and, in turn, enjoy the lucrative ride for the months and years to come. So, in order to avoid what is clearly a/some legal proverbial 'cockblocks' they are giving us winks. This also made it pretty clear to me that they may in-fact have to wait for something before releasing, what is increasingly seeming like very big, news.
* Technicals *
As Monkey has graciously stated to us this has been a very healthy week for PHOT.
Overall I think we're looking very good. The veracity of LONGS surprised me, well done. As far as my vote is concerned, I have not yet decided on it. Again, it is not February yet and GrowLife has plenty of time to present more information. I do expect that if ANY more information about the A/S is released, it will be this week.
I am not sure if a Merger/Joint Venture/Buy Out with any of the companies whose names have been dropped is in the immediate future but at the very least I feel pretty confident that it's a G.I.F.T deal. That in of itself makes me a very happy shareholder considering the estimates being thrown out regarding equipment purchases and estimated revenue from selling marijuana. Even if the revenue is grossly over estimated, it's still a whole lot of money.
I do think/want GrowLife to grow and produce its own marijuana product eventually. It only makes sense to grow it and sell it out of its store fronts which I still think will become a franchise eventually. Hell, with my home state of Florida having medicinal MJ on the ballot I may be tempted to open one of the franchises. This is going to be ridiculous money until strict regulations start hitting.
The big picture is still looking really good and I for one am excited for the coming weeks and months for this industry. We have not even scratched the surface of what this will look like in two years.
