PHOTOTRON is cool, but companys direction in question.
These 30 stores still make me very nervous. I'm not sold on the fact that this is a good move. There is feirce competition online and shipping isn't that big of a deal, I promise. I was able to get all I needed for 147.00 and free shipping and it was awesome, but it wasn't Growlife's equipment.
I think the mistake here is the lack of internet focus, obvious w/the delays on cannabis.org. But, the overhead costs of opening more and more stores isn't sittn well with me @ all now especially after seeing those pics from 40DollarBill. The costs are enourmous for ONE store let alone 30.
RENT
INSURANCE
EMPlOYEES
ELECTRIC
STOCK PRODUCTS
Funding each location
30 stores!
I believe we should be focusing on internet sales and low cost of doing business. I think the brick and mortar is over emphasised. Phototron has a 25 year history. Why not spend the money for marketing via Internet. We all know that is the future. PHOT isn't a ACE Hardware either. U can buy chemicals easily over the internet and bulbs ect....Basically, I'm concerned with the direction Sterling Scott is taking this company @ the expense of existing shareholders and already losses and cost of business rising
With that all said.
.03 is a huge support and should hold by the looks of LVL 2
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