Actually I have watched PHOT for a long time. I was just going to buy shares before it landed in the Grey Sheets. Which is why I always check back out of curiosity. Lot's of things don't appear logical in Pinky Land. My thoughts where that this was a classic "cult stock".
I realize a person could drive themselves crazy trying to make sense of things that occur in Pinky Land. My observation is that if it is a trend and there is volume it will move, even if it is DEAD. Which is likely the case here.