Become a Member

written by reader PHOT

By nortie, April 26, 2014

There are conflicting stories on GrowLife Inc. (PHOT). Does anyone have an opinion on the future of this company?
Thank you to all.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

4 Comments
Inline Feedbacks
View all comments
Lulu
April 27, 2014 12:10 am

Ive been watching these stocks as well. Bought Tweed but its been backing off…….

Add a Topic
5617
👍 1303
rogie
April 30, 2014 3:11 am
Reply to  Lulu

The stock was halted for a period of time last week. I don’t think I would trust management. Went from basically $0.04 to $0.70 in a couple months and now has backed off significantly. FINRA halted the stock and it’s been down more as they investigated insider dealings. Like most penny MJ and MMJ stocks it’s best to pass, IMO. If you Google “Phot and FINRA” you should get some answers. Good luck.

Add a Topic
5971
Add a Topic
5971
👍 1
allisondbl
allisondbl
May 10, 2014 9:24 pm

Unfortunately with regard to PHOT, even now that they are unsuspended and trading on the grey market there STILL does not appear to be – clear information as to WHY they were suspended or why they were allowed to trade again. The principals appear to either be unaware themselves or, more likely I’m sure, are keeping the reasons and/or wrongdoing VERY close to their collective chests. I have a tiny amount invested – tinier now of course 😉 – and decided just to leave what’s left in for the moment. It’s just not clear to me whether PHOT DID ANYTHING WRONG/IF THE UNDERLYING BUSINESS IS IN ANY ACTUAL TROUBLE. It announced it had changed its “governance policies” and the four independent directors had cancelled stock grants, but none of that really speaks to the strength or weakness of the company’s underlying business model or connections. Anyone with any more information THAT CAN BE SUBSTANTIATED FROM A REASONABLE ABOVE-BOARD SOURCE share it please! And that ain’t Seeking Alpha or Investors Hub …

Add a Topic
5971
Add a Topic
3551
👍 712

We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.

More Info  
34
0
Would love your thoughts, please comment.x
()
x