Replies to post #97572 on GrowLife Inc (PHOT)

[janice shell]

The problem is that he doesn't seem to understand how this stuff works, or what yesterday's notice means. I don't know exactly what it means, either, but Hegyi needs to have a talk with FINRA about it.

This is how it's supposed to work:

If a company finds a sponsoring MM to file a Form 211, and FINRA clears the 211, the sponsoring MM will then, supposedly, have the exclusive right to trade the stock for 30 days. After that, other MMs can "piggyback", making a market in the stock themselves.

I suppose it's also possible that during that period other MMs could file requests to quote the stock on an unsolicited basis. BUT if the 211 really was accepted, it shouldn't, I think, be trading with the "unsolicited trades only" warning, because it would have ONE MM making a market.