Replies to post #60177 on GrowLife Inc (PHOT)

[Steamdaddy]

I like your gut.

[Billionairestatus12]

I Cansee that happening for sure. With Washington legalizing we are going over $1 soon

[globaldata77]

<<<<<<<<<<<PHOT share has the potential to reach $5.00 by year end. A gut feeling.>>>>>>>>>>

Can you please help me understand why you feel that way other than a gut feeling?

You do realize that would give PHOT a market cap of $7.5B? Like someone mentioned earlier Cracker Barrel has 600 stores in 42 states and is valued at $2B and they make a profit. PHOT has several stores in a several states and they are losing money. Granted one is a restaurant and the other is involved in the MJ sector but hopefully you get the picture.

You do realize that currently PHOT is losing money.

You do realize that as of Friday PHOT essentially has 1.5B shares O/S.

If they made $300M in profit by the end of the year do you know how much those 1.5B O/S would be worth? If my math is correct $300M divided by 1.5B O/S makes the shares worth about $0.20 a share.

My gut tells me there is no way PHOT will be generating $300M let alone $7.5B in profit anytime soon or by the end of the year.

At today’s price PHOT should be showing a profit of about $450M to justify the price of the stock. Granted this doesn’t take into account the what if’s or speculation but really?

Just trying to add some yin to the yang.


Love the optimism, just don’t understand it.

GLTA

[GreenMarine]

I agree with you 100%. This industry is about to go SKY-HIGH and GrowLife is one of the Industry leaders. Not only will I not be suprised to see it hit $5.00 after this summer and the First Big grows come in and Lots of new PHOT deals but a lot of people are not thinking about the November midterm elections and all the new states and cities that are gonna be legalizing MJ.

GO PHOT/FITX...

[@WolfofWeedST]

Dude I think u have stomach flu. $5 is never happening with our share count. I live phot but it's not a 5 billion dollar company.

Do u people understand market caps?