I would just buy at the open because there was many 100k+ purchases at the EOD Friday. MJNA is coming out of the gate probably much higher tomorrow and will drag PHOT for the ride. It should be an amazing day on Monday. I believe with Fridays volume the masses are here and there is no turning back until .25 Also an earnings report in the next 12 days which should compare very very positive.
Note: Earliar I stated they were profitible in Q3. This was not true as I had missed the derivitive fiasco. However this has been resolved. From previous PR
"The newly formed GrowLife Consulting division has the potential to become a real presence in our industry," said GrowLife, Inc. CEO Sterling Scott. "Client response to date has been very positive and acceptance is almost immediate. We have a competent initial staff in place and the division will be immediately accretive to our company's overall revenue and profitability."
At the same time that GrowLife is increasing its revenue base, management is actively taking steps to better manage costs, with a focus on reducing general and administrative costs. During the third quarter, management has also taken steps to eliminate on a going forward basis derivative financial instrument costs, in order to bring our projected SG&A expense in line with our revenues in the fourth quarter. The presence of these derivative charges has caused the company to show large general & administrative expenses. As Sterling Scott explained, "GrowLife is pleased to have eliminated these costs on a going forward basis and as reflected in Q4 results."
Fourth Quarter 2012 Guidance
For the fourth quarter of 2012, GrowLife Management provides the following forward-looking guidance consistent with its current visibility into operations and expenses.
Management projects that it will maintain a rapid growth of revenues consistent with the growth rate in the third quarter, even absent additional strategic acquisitions. GrowLife's fourth quarter results will include a full financial quarter incorporating Greners.com and is also expected to incorporate our integration of Urban Garden Supplies, a new division of GrowLife Hydroponics, Inc. As a consequence of management actions to control SG&A expense in the fourth quarter, combined with the increased number and productivity of our business units, GrowLife management projects that the combined companies will be cash flow positive during the fourth quarter of 2012.
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