Replies to post #103235 on GrowLife Inc (PHOT)

[PRmaniac]

The PHOT financials speaks volumes - and it isn't good, IMO.

The CEO could try to keep promoting, but he probably doesn't want to attract attention to PHOT, so he is keeping quiet.

They are well-known for being forced to pay $2 million in PHOT shares and another $700K in cash to settle the fraud lawsuit. PHOT actions must have been pretty bad to have to settle for so much money and shares.

It is tough making deals when PHOT has the equivalent of a junk credit rating, IMO.

PHOT still is not paying back payroll taxes and owes a lot of money for lease payments it has been failing to pay.

The only thing PHOT has to pay for any deals is dilutive common and possibly preferred shares. It owes far more than it has in its coffers, so it has no cash for acquisitions or most other deals.

[pxxpy7]

I follow about eight or ten of these MJs, all of them are down, some as much as 20%. I believe this is a weeding out of the fakes now that the industry is legit, some of them will drop into trips and disappear, others will succeed to one degree or another. Which will fail, which will flourish?? I don't know. I scored big here a couple of years ago and am not in this as much as some - PHOT owes me nothing. I like PHOT's position, I like their management, I like their chances. Chance really is the game here.

[Archery Class]

It's not MH's responsibility to release fluff tweets during a sector downtrend to try and save the PPS.

Right now, what the American MJ sector is seeing is called the Trump/Sessions effect.

The market does not like uncertainty, and Jeff Sessions makes MJ investors feel sick. These will continue to go down until the president and AG clarify their stance. I will be buying into a lot of MJ stocks for very cheap in the near future.