Pot Penny Stocks Still Doomed, Growlife Still Halted

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I’ve repeatedly highlighted Growlife as a poster-child for this game in which the retail investor is always the mark, and late last week, holders of PHOT woke up to news that the SEC had finally gotten off their butt and was suspending trading in this stock while they investigate the company’s stock trades because of questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOTs common stock.

Talk about popping peoples bubble. I stirred up a lot of anger and vitriol from my readers of The Cody Word with those articles. Here’s a sample: Bring some solid information or write about something you actually know about. As you said you are not willing to do the research. You are basically the same as all of the pump and dumpers on Yahoo finance.

To read more, visit http://blogs.marketwatch.com/cody/2014/04/14/growlife-halted-marijuana-penny-stocks-doomed/

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