Replies to post #99030 on GrowLife Inc (PHOT)

[PRmaniac]

Well, the article will attract the attention of PHOT management. And yes, I also believe there will be amendment(s).

Is there a typical timeline for review of an S-1?

Another company, FONU, has been trying to get 10 million shares registered for a long, long time. Meanwhile, the share price has dropped to the lowest of triple 0's, so the shares to be paid to shareholders of a previously-suspended co (MDNT) are basically worthless.

I think that FINRA seeks info from the SEC to see if there is info out there that would affect approval of a 15C-211 from a sponsor. I think they ask whether there is an ongoing SEC investigation into the reasons for the initial SEC suspension.

PHOT says they have not been formally notified that there is a formal investigation, but I also don't think the SEC advertises that they are investigating unless they send a notice to the company.

Not necessary to respond, unless you can add something on typical S-1 timelines.

[Romans623]

That was great! Thanks for the free class :) how do you feel about PHOT's future? Thanks in advance

[TenKay]

Just going back to an oldie I hadn't read...but a goodie. One comment on the MIKP comparison to PHOT. It would appear that their MM abandoning their 211 was probably driven by the actions of the "CEO" towards the end, than just a long process. He had written a letter to FINRA directly (bypassing the MM) about the stalling on FINRA's part and made a number of misstatements regarding securities law. My guess is FINRA then gave the MM a piece of their mind on this stunt and the MM told the CEO they were done....which occurred almost immediately after the letter was sent.