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To the 'inner circle' of GrowLife stock...
I've been around, lurking in the distance the last few days just observing, and thinking. I've been reluctant to post however, because the IHub board has turned into a bigger cesspool that imaginable and to be honest, I have very mixed emotions over this whole suspension fiasco.
First of all, let me say that as a business model, I LOVED the plan as outlined by management. The revenue projections, the diverse and multifaceted approach within an emerging sector... all that was/is for real, and to that extent all the DD I, and others did, was real. Whether others agreed or not, I read the 8ks and 10ks and all associated documents carefully. I understood the JV with CANX and the GIFT program very well. And I still think it worked.
To argue the above, right now, is to be confronted with ignorance. A post hoc conclusion in the form of a de facto statement that 'of course it was a scam because it was suspended.' Which to me, is a blanket statement that has no real merit or bearing. I do not wish to defend the business model that was, as at this point I believe it severely compromised, and therefore not worth the debate in any event. Proving I was right is hollow when the moment has come, and gone.
Second of all, I am highly critical of management in this incident and do not wish to 'pile on' the company by speaking my mind as to this. Personally, some longs have come across as complete windbags who - not for the first time - 'stretch' the truth considerably. Whether stating they were at meetings, have 'connections' and know news is coming, or that the FBI is outside Sterling's house and lawsuits will take down Elizabeth (Sterling's wife), so and so has connections in DC and a 'team' is on this...seriously? I don't understand why people need to be more than they are, or act out of anger on a message board like they are 12.
I want none of that, either.
In my opinion, for the SEC to suspend PHOT for lack of material information, management was either A) criminal and deliberately deceptive,
Negligent in their duties, C) a combination of A+B, or D) A victim. Truthfully, we will likely never know... and we won't know before Friday, the 25th when trading resumes in any event.
I certainly don't believe it's A, but do believe it's B. The management team has a duty and responsibility to provide materially accurate info. The SEC letter asking for more information from PHOT looms large to me. That they were not compliant, JMO, means that they failed and were thus grossly negligent. That is the number one job of management... protect the business. They failed, one way or another.
I have refrained from posting these thoughts, because enough panic exists without me throwing any of my real or imagined weight to that side of the scale. I respect many longs, and have made too many friends on the board, too much to do that.
In any event, I am 99% certain I will be a seller of my entire stake on the 25th at hopefully a good price. One last profit for me on what has been a very entertaining and profitable ride. I just can't see that changing. Nevertheless, if any of you have any questions or just want to discuss what's going on with OUR STOCK, know I'm around and will be watching right up until the moment I sell, as I always try to make the most educated and calculated move I can. In this case, I'm calculating my way out, barring some last minute news or crazy turn of events.
Send me a PM here (I mod another board here so I'm on the site often) or get me on twitter (@trained__monkey) if you want to talk this out or keep in touch. I'm still involved in a few MJ stocks.
I truly do appreciate the POSITIVE messages you all have posted. If nothing else, no one needs fear mongering and lies to predominate the conversation. Info is our friend.
Hopefully, my opinions and research helped someone out, or at least helped us understand what was happening. For better or worse, I only tried to bring clarity and understanding to a stock I loved, and lost on, apparently.
TM
I've been around, lurking in the distance the last few days just observing, and thinking. I've been reluctant to post however, because the IHub board has turned into a bigger cesspool that imaginable and to be honest, I have very mixed emotions over this whole suspension fiasco.
First of all, let me say that as a business model, I LOVED the plan as outlined by management. The revenue projections, the diverse and multifaceted approach within an emerging sector... all that was/is for real, and to that extent all the DD I, and others did, was real. Whether others agreed or not, I read the 8ks and 10ks and all associated documents carefully. I understood the JV with CANX and the GIFT program very well. And I still think it worked.
To argue the above, right now, is to be confronted with ignorance. A post hoc conclusion in the form of a de facto statement that 'of course it was a scam because it was suspended.' Which to me, is a blanket statement that has no real merit or bearing. I do not wish to defend the business model that was, as at this point I believe it severely compromised, and therefore not worth the debate in any event. Proving I was right is hollow when the moment has come, and gone.
Second of all, I am highly critical of management in this incident and do not wish to 'pile on' the company by speaking my mind as to this. Personally, some longs have come across as complete windbags who - not for the first time - 'stretch' the truth considerably. Whether stating they were at meetings, have 'connections' and know news is coming, or that the FBI is outside Sterling's house and lawsuits will take down Elizabeth (Sterling's wife), so and so has connections in DC and a 'team' is on this...seriously? I don't understand why people need to be more than they are, or act out of anger on a message board like they are 12.
I want none of that, either.
In my opinion, for the SEC to suspend PHOT for lack of material information, management was either A) criminal and deliberately deceptive,
Negligent in their duties, C) a combination of A+B, or D) A victim. Truthfully, we will likely never know... and we won't know before Friday, the 25th when trading resumes in any event. I certainly don't believe it's A, but do believe it's B. The management team has a duty and responsibility to provide materially accurate info. The SEC letter asking for more information from PHOT looms large to me. That they were not compliant, JMO, means that they failed and were thus grossly negligent. That is the number one job of management... protect the business. They failed, one way or another.
I have refrained from posting these thoughts, because enough panic exists without me throwing any of my real or imagined weight to that side of the scale. I respect many longs, and have made too many friends on the board, too much to do that.
In any event, I am 99% certain I will be a seller of my entire stake on the 25th at hopefully a good price. One last profit for me on what has been a very entertaining and profitable ride. I just can't see that changing. Nevertheless, if any of you have any questions or just want to discuss what's going on with OUR STOCK, know I'm around and will be watching right up until the moment I sell, as I always try to make the most educated and calculated move I can. In this case, I'm calculating my way out, barring some last minute news or crazy turn of events.
Send me a PM here (I mod another board here so I'm on the site often) or get me on twitter (@trained__monkey) if you want to talk this out or keep in touch. I'm still involved in a few MJ stocks.
I truly do appreciate the POSITIVE messages you all have posted. If nothing else, no one needs fear mongering and lies to predominate the conversation. Info is our friend.
Hopefully, my opinions and research helped someone out, or at least helped us understand what was happening. For better or worse, I only tried to bring clarity and understanding to a stock I loved, and lost on, apparently.
TM
