He claims, Over and over, frankly, and consider this yet another warning. Stay away
from hyped-up penny stocks, which so far this year has meant
specifically staying away from the marijuana-weed-pot penny stocks, most
of which even at this moment, are still up many hundreds of percent in
the last year. Most of these over-the-counter weed penny stocks are just
vehicles for their insiders to sell shares to retail investors caught
up in the hype of the legalized marijuana revolution.
He try's to explain again. I’ve repeatedly highlighted Growlife
PHOT
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 PHOT’s common
stock.” I have certainly been one of those who have raised questions
about the accuracy and adequacy and potentially manipulative
transactions in PHOT‘s
common stock. I’m glad to see the investigation, even coming way too
late for all those retail investors who got stuck with this now
suspended stock.
In just the last two months, here are a few of the articles in which I
asked those questions about the weed penny stocks and Growlife PHOT
specifically:
Because of these negative post on his "The Cody Word" blog, the stocks have gone down. Thousands read this and get scared.
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