Replies to post #82915 on GrowLife Inc (PHOT)

[Sujitta]

Well there goes the argument that the SEC 'rushed'...... The SEC has been going back and forth with them for quite some time.

Notice it is the accounting division of the SEC.....

[Ay322]

My computer can't open the PDFs for whatever reason. Are the PDFs letters from SEC? So why are they in Trouble?

[Canna_Trader]

I'm shocked I missed this post. Hope it all works out. Pitty it had to come to this point with PHOT. Makes me rethink their competence level.

[Chefshut]

I had only seen the first letter before today. Regardless, this is proof that they knew the SEC wasn't satisfied with their findings. I would imagine the sudden unloading of shares by principals after the investigation caused the SEC to impose the suspension. That seems more sensible than insiders knowing the halt was going to occur on the date it occurred. IMO Just seems strange that Hunt seemed to sell his shares in a way that wouldn't crash the pps by selling in smaller chunks of shares albeit a large number of transactions but Sterling filed the form4 for a 5 million share sell!
Also can the SEC require PHOT to eradicate the 2B new shares approved by Jan shareholder vote??
GLTA