I am a professional investor and trader. Its astonishing that this stock still trades at 4 cents. If you calculate in the 4M they will book in revenue that ads about 5 cents to to the bottom line. If you take into account that the owner bought at 5 cents that should secure at least a 5 cents floor on the stock. When you take into account that PHOTS Growth is a much better opportunity then hemp, MJNA, and CBIS because its not illegal to sell growing equipment. Yes you can argue that PHOTS financials suck because their net income is negative but what i see is a company who knows how to make money but simply reinvests it into growth for the business. Ask yourself If you were the ceo and someone gave you 600k would you reinvest it into the business or keep it for yourself.
A smart ceo would reinvest the 600k and make back 5M.
I am saving up a bit more money then im probably going to buy 100k shares.
im an amateur investor myself but study and analyze alot, i see that this and erbb r mj stocks with great potential. I only own 22000 shares but paid 1700 for them and their worth about a 1000 or lil less. im not going to whine this stock is worth more than i paid, the market hasnt caught up. i need to transfer some funds soon and buy more to lower my avg price and be in even better postion. Bottom line PHOT is a safe long shot for a Grand Slam. Buy in while so cheap.. gotta love it..
If you are a professional investor and trader, why do you need to save up money to buy 100,000 shares at .04 a share, it's only $4,000. I would expect a professional to look at this as a very small time investment. I'm no pro, I've got over 100,000 shares and I'm an amateur investor.
This stock is waiting on Washington and colorado to open up legal recreational shops and stores to buy and grow your own Marijuana. This will not take effect till the new year around january 1st 2014, so i would imagine leading up to this shift lots of grow life's product will be purchased. Also this stock is one of those stocks where psychology has more to do with it then the math. It is much cost efficient to grow your own marijuana then buy it everyday. Just wait up we go and imagine the whole country legalizing recreational use and the countries to follow. This stock could and very well may be gold.