Good afternoon PHOT investors. I've been out of commission for the past two days with a stomach flu. It was brutal.
I am extremely happy to see the first glimpse and official announcement of the FITX/PHOT deal. The terms of the deal seem favorable to both parties without looking at the finer details which I hope we will all get to see soon. If the deal goes through as we have been lead to believe this will once again show what strong leadership can do with 'healthy dilution'.
About a week ago I posted that I believed GrowLife will eventually enter the arena of cultivation. I did not at all expect this deal to give GrowLife such a deliberate and strong foothold into this part of the industry. GrowLife continues to exceed my expectations with their aggressive growth and plans for monopolization of the industry.
Readers should note it could be at minimum one year before we start to see the revenue. So don't get crazy. We have to understand, as I've stated previously, this is the VERY beginning of prohibition ending. My home state of Florida will now vote of Medical Marijuana in Nov. It will likely take another year after that before the first stores open. So we're talking two years. The same goes for the other states voting on the issue. Invest and let it sit my fellow investors. Remember, the #1 reason why the market beats retail investors is impatience. You need patience to make the big money here.
If I let fear or impatience rule my investment choices I would not have made very large gains on other stocks. Sometimes you just need to trust your own Due Diligence and the Micro and Macro data for the big payoff.
Again, though, never invest more than you're willing to lose.
What excites me most is that this is just the first deal of many. 2014 and beyond is going to be good to GrowLife and in turn, investors.
My vote? No decision yet. I want to see the details of this deal and as I've said, there is no reason to vote now. I have time. Patience. Patience pays in this game. I think I have tons of patience because I played tons of NES hard games as a young kid. lol
