Replies to post #81118 on GrowLife Inc (PHOT)

[surfkast]

Summary
•The SEC's halt of Growlife's shares is the fifth halt of a stock related to the cannabis industry. The halt comes following FINRA's Marijuana Stock Scams warning.
•Potential future halts are likely to remove some of the momentum in stocks related to the cannabis industry.
•Thorough due diligence is a must for investors.

SEC chose to halt trading in the shares of Growlife (OTC:PHOT) starting from last Thursday morning to 11:50 EDT April 24, 2014 "because of questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT's common stock."

The halt is the SEC's fifth trading halt of a stock related to the cannabis industry. The SEC has previously halted four other stocks, which are Citadel EFT (OTC:CDFT), Advanced Cannabis Solutions (OTC:CANN), Aventura Equities, Inc. (OTC:AVNE) and Petrotech (OTC:PTOG).THESE STOCKS ARE STIIL ON THE GRAY SHEETS!