IMO there will be no negative effect from this... as alot of bashers saying its going to gray sheets.... its only going to be worth a penny and so on..... the reason this stock was halted was as follows... and in my opinion should be opened like it should have on the 10th .... here sec's finding ............... It appears, from counsel's discussions with the SEC's staff, that the SEC suspension was prompted by concerns that some 3rd party holder(s) of GrowLife stock may have been planning to engage in some form of manipulative promotional activity. GrowLife does not have any more specific information regarding this matter. On behalf of GrowLife, I can confirm that GrowLife was not involved in the planning of any potentially manipulative promotional activity nor does it have any knowledge of any planned 3rd party promotional activity of any kind or type, proper or improper. so its allllll goooooooood PHOT to the next level and with that the whole sector should benefit.... GLTA see ya at the top :)
As I had posted previously if SEC doesn't find any wrong doing you can expect a nice price appreciation in the coming weeks.Besides I believe that this company has a surprise for us Longs up their sleeve.
Sentiment: Strong Buy
they press released that they assure their stock holders its just back to business just even better because now= they now exactly what to look not to do but they came out the other end clean so what does that tell you besides that the SEC has way to much power and answers to nobody.. sure they are in some big effected by the sectors pocket and wanted to shake it up or see if they could find some but NADA... Back to making cash my friends !!! it could drop a little realistically but long term even after a few days I see it back to normal and growing even more,,just my belief.. go ahead and bash me if you want but that's what i think.. to bad more ppl weren't more honest instead of ruining good businesses just to make a fast buck #$%$).. just my opinion.. not a pumper just a believer.. But I will bump this thread and ERBB and LATF.. what the hell... I like em.. several others but not here to pump stocks