I tend to agree, with a small caveat... Submitt
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Posted On: 05/14/2014 9:36:04 AM
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I tend to agree, with a small caveat...
Submitting the filings will provide a renewed sense of legitimacy and compliance. Moreover, I expect revenues from the seven stores and the websites to show quarter over quarter growth. PHOT has for 8 straight quarters, and this quarter (Jan 1-Mar 31) should be no different.
-Full quarter of CO being legal
-Stores in CO and Portland, ME (who also recreationalized) should see a spike.
-Phototrons being sold to FSPM, etc. as part of JV.
The caveat alluded to above is what does old (pre-suspension) data mean now? What we need is forward guidance and the silence here has been deafening. The day before the suspension was lifted they all but said news regarding GrowLife 2.0 was imminent, so where? When? What is the plan here to recoup lost revenues?
The DD from the old company compiled here was spot on and pointed to a very promising future revenue stream... but that was based on what we were told and what we knew. Turns out what we DIDN'T know cost us (collectively) millions of dollars. To this, I allude to director and management being paid in shares at far below value, which appears to be the 'smoking gun' which led to suspension (although we are guessing at that).
So, are we in this same position again? What do we - or don't we - know about GrowLife as a business model now?
Does my itsy bitsy remaining holding here merely for nostalgia's sake alone, or will forward guidance begin to atone for negligent stock payment plans leaving us behind a big grey roadblock?
Made lots here, but the company left thousands of my dollars on the table. That they cost themselves millions doesn't ease my anger at their negligence.
TM
Submitting the filings will provide a renewed sense of legitimacy and compliance. Moreover, I expect revenues from the seven stores and the websites to show quarter over quarter growth. PHOT has for 8 straight quarters, and this quarter (Jan 1-Mar 31) should be no different.
-Full quarter of CO being legal
-Stores in CO and Portland, ME (who also recreationalized) should see a spike.
-Phototrons being sold to FSPM, etc. as part of JV.
The caveat alluded to above is what does old (pre-suspension) data mean now? What we need is forward guidance and the silence here has been deafening. The day before the suspension was lifted they all but said news regarding GrowLife 2.0 was imminent, so where? When? What is the plan here to recoup lost revenues?
The DD from the old company compiled here was spot on and pointed to a very promising future revenue stream... but that was based on what we were told and what we knew. Turns out what we DIDN'T know cost us (collectively) millions of dollars. To this, I allude to director and management being paid in shares at far below value, which appears to be the 'smoking gun' which led to suspension (although we are guessing at that).
So, are we in this same position again? What do we - or don't we - know about GrowLife as a business model now?
Does my itsy bitsy remaining holding here merely for nostalgia's sake alone, or will forward guidance begin to atone for negligent stock payment plans leaving us behind a big grey roadblock?
Made lots here, but the company left thousands of my dollars on the table. That they cost themselves millions doesn't ease my anger at their negligence.
TM
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