Replies to post #82377 on GrowLife Inc (PHOT)

[globaldata77]

I've had a close eye on CANN just to see what we can expect. It was actually doing better than the general Mj index for several days...

I would caution anyone to compare PHOT to CAN# and think the situations are similar. Kind of like comparing CB!S to M@BX. The only thing somewhat similar is they are in the same sector and were SEC reporting, that is where the similarities stop.

CAN# has 15M shares outstanding and was trading at approximately $30 with a 52 week high of $60. Plus most of the shares are held by insiders. Much like MDB% when it went from pennies to hundreds of dollars a couple of years ago.

PHOT has 1,000M or 1 Billion shares outstanding. It was trading at 0.52 with a 52 week high of $0.77 Mostly held by retail investors with little to no experience in the market.

CAN# released it’s 10K on Tuesday(when the pps started rising) and it was respectable. PHOT’s was released a couple of weeks ago and it was terrible ($20M loss)

CAN# had reasonable financing (12% annual) and we knew the company that was financing them were reputable. PHOT has toxic financing/terms and we still have no idea who the investors are.

CAN# officers were not selling off their shares and PHOT’s were.

That is just some of the differences. Because of their respectable 10K (Annual) I know the traders are having a field day right now. I suspect that will only last a while and then it will continue to drop. Look at the volume. I think it is a sucker play but that is IMO.

If something very drastic doesn’t happen to CAN# they will continue to drop and sell off when the traders are done playing.

Look at MDD#, they were suspended and returned to pink but they need life support. They were trading at a 52 week high of $6 and trading millions of shares a day prior to the suspension. After the suspension they went to a 52 week low of 0.12. Now after the return they were trading last week in the 0.30’s with volume around 20K a day. I would tell you most of that activity is also traders.

The odds are not good on PHOT regardless of what happens short of a miracle. Sorry.

GLTA