$GBLX ~ Why GrowBlox May Be A Better Bet Than Other Marijuana Companies During The Summer
http://seekingalpha.com/article/2343065-why-g...1406549433
There's no denying that the summer typically is a slower time of year, especially for the OTC/small cap marketplace. Over the course of the last several posts, my focus has been on many companies in the burgeoning marijuana sector. Its high volatility and propensity to offer bigger gains within the blink of an eye has, of course, attracted not only my attention, but also the attention of hundreds of other traders and investors since the idea of legalization stopped being an idea and started becoming reality.
With a market like this and such an uncertain future for the industry, it's no wonder why many companies tried to blind-side and take advantage of investors and used public vehicles to do so. Last year, FINRA warned investors that "con artists behind marijuana stock scams may try to entice investors with optimistic and potentially false and misleading information that in turn creates unwarranted demand for shares of small, thinly traded companies that often have little or no history of financial success."
April of this year marked a massive defeat for would-be pot businesses. The SEC, for example, halted trading on several microcap marijuana stocks, based on "concerns regarding the accuracy and adequacy of information in the marketplace." Whether this is true or not, many of these remain halted, even though several continue to trade with no apparent bid or ask. But since then, the show has gone on, and there have been several standouts that I've seen in the market based on my own diligence.
http://seekingalpha.com/article/2343065-why-g...1406549433
There's no denying that the summer typically is a slower time of year, especially for the OTC/small cap marketplace. Over the course of the last several posts, my focus has been on many companies in the burgeoning marijuana sector. Its high volatility and propensity to offer bigger gains within the blink of an eye has, of course, attracted not only my attention, but also the attention of hundreds of other traders and investors since the idea of legalization stopped being an idea and started becoming reality.
With a market like this and such an uncertain future for the industry, it's no wonder why many companies tried to blind-side and take advantage of investors and used public vehicles to do so. Last year, FINRA warned investors that "con artists behind marijuana stock scams may try to entice investors with optimistic and potentially false and misleading information that in turn creates unwarranted demand for shares of small, thinly traded companies that often have little or no history of financial success."
April of this year marked a massive defeat for would-be pot businesses. The SEC, for example, halted trading on several microcap marijuana stocks, based on "concerns regarding the accuracy and adequacy of information in the marketplace." Whether this is true or not, many of these remain halted, even though several continue to trade with no apparent bid or ask. But since then, the show has gone on, and there have been several standouts that I've seen in the market based on my own diligence.
