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SherifsNear

SherifsNear
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  • Cannabis Industry: Valuation Of Creative Edge Nutrition [View instapost]
    What also needs consideration is the harvest cycles. Your charts assumes one harvest per year? Multiple harvests = higher crop yields. I think we could see three harvests a year if/when FITX gets their license. They have hired professional growers already. I think one should ponder multiple harvests & multiple building levels. I think its a definite with 1000W lamps.

    Thanks for your insights Rise51.
    Jul 16, 2014. 08:20 PM | Likes Like |Link to Comment
  • Why I See AEGY As One Of The Best Marijuana-Related Investments [View instapost]
    Currently have 5.5 Million Shares long @ $0.0037.

    Wake me @ $0.10.

    Sherif's Near!
    Feb 12, 2014. 09:18 PM | Likes Like |Link to Comment
  • Growlife - It's All Smoke And Mirrors: Research Uncovers Why Shares Are Overhyped And Overvalued [View article]
    First thing, max possible unrestricted warrants to CANX would be 540M. That said CANX is OGI, OGI is PHOT. It is a private deal that went public that is why CANX has a BOD seat. Further as of current date with PHOT @ $0.33, no warrants have been executed. If CANX was only interested in money, they would've cashed the 140M warrants they've already received.

    Another SA overnight expert with a broken calculator and poor reading comprehension IMO.
    Feb 10, 2014. 09:49 PM | 3 Likes Like |Link to Comment
  • An Open Letter To GrowLife [View article]
    IMO, because the closer you look at the JV, what you find is one of the principals for CANX is already on the BOD for PHOT. CANX has a 'born-on' date of 11/7/13. The unrestricted warrants are at a super discount to the current share price; meaning CANX can upon execution of the warrants sell them back into the market to what amounts to huge profits. Those CANX has already received would amount to a gain of 545%. The initial 140M warrants for the $1.3M upfront would yield $4.6M at 0.033 and $25,200,000 currently @ $0.18!!

    In my opinion, the warrants structure is the reason for the 3B A/S request by PHOT. This will eventually lead to dilution in my opinion because the current O/S of 711M - 440M (potential total warrants) leaves only 271M O/S. I argue against increasing the A/S because I would like to see a low float.
    Jan 21, 2014. 10:31 AM | 2 Likes Like |Link to Comment
  • An Open Letter To GrowLife [View article]
    GIFT contract announcements & no increase in A/S initially. Let positive sentiment build. Then as we approach 100M float, increase A/S to 2B. That would be reasonable, IMO. This all goes back to my thoughts on PHOT never needing a JV to begin with. I'm sure we'll hear more about that in the future. GL to you belgium. If I confused anyone on the 100M O/S, I apologize, I meant float.
    Jan 20, 2014. 10:58 PM | Likes Like |Link to Comment
  • An Open Letter To GrowLife [View article]
    There wouldn't be a R/S at 100M, PHOT would just issue more shares. And do what they are doing now. My opinion is market sentiment does NOT support the increase in A/S to 3B. I think many have yet to read the JV so they don't understand why the 3B.

    Reading the JV opened my eyes to just how good a deal CANX is getting. They walked into a $145M company not having to put the $40M upfront and have a controlling interest in OGI at formation. There is no doubt in my mind CANX will look to restructure the deal if the JV positively explodes. What remains to be seen is how well they perform.
    Jan 20, 2014. 05:48 PM | Likes Like |Link to Comment
  • An Open Letter To GrowLife [View article]
    Alan I agree with you in premise, however, the market never responds accordingly as we have seen recently concerning PHOT. I don't think realistically in penny land we can expect monies will be spent in agreement with intent.

    Until GIFT contracts are announced and the CANX role developing business for PHOT, I approach with caution.

    Thanks for your insights.
    Jan 20, 2014. 05:01 PM | Likes Like |Link to Comment
  • An Open Letter To GrowLife [View article]
    You want demand for shares. A low float helps provide that. This means you have a strong base of longs holding while those daily traded are low or decreasing. At that point THEN you make deals to increase the A/S to use in JV's. In my opinion, PHOT desires doing this w/ 700M O/S currently thinking its not enough, but in reality the way the market has responded (big pps drop), its more than enough. Increasing the A/S to 3B of which has already been planned to use with CANX ,up to if my math is right 540M unrestricted warrants convertible @ $0.033. On a 3B A/S issuance you would then have over 1B outstanding again (inclusive of CANX warrants). The demand for that amount of shares is NOT currently there. It makes no sense to me the way the market has already responded to this penny play PHOT regarding no GIFT news & the 3B A/S. Divide the current market cap $145M by 700M O/S and you get $0.207, about where we are now. What will it be if the O/S goes to 1.5B O/S, $0.10. This is what the CANX deal will do until GIFT revs are realized.

    MM's will use a low float to inflate PPS to some extent artificially, but this will further positive sentiment and allow PHOT to make deals from a position of greater strength. What is important is this is penny land. Look at what an SA writer did with 10 comments to his name to PHOT's PPS. Also, the smart big money won't touch PHOT until its over $1.00. Are our chances better starting from a base of $0.10 or if they were $0.30?

    My guess about Sterling and PHOT is they didn't think they would be ready to role out GIFT after Colorado went legal without the upfront funding from CANX. I think they should have waited until after 1/7/2014 to do a deal. After 1/7, they could have over a month's time sold shares into the market @ current PPS to raise even $20,000,000 to launch GIFT on their own. Hind sight is 20/20, but reality tells us in trading to not commit action/funds until the market signals us to do so. IF after that GIFT was a success and shares was lacking, a 2 or 3B A/S may have been doable.

    If PHOT has other deals in the works requiring issuance of shares greater than the current O/S, I think they should tell us about them.

    The above is all my opinions based upon PPS reaction to current news and an information gap concerning CANX. As always do your own due diligence before trading/buy or selling equities.

    GL trading PHOT.
    Jan 20, 2014. 04:38 PM | 1 Like Like |Link to Comment
  • An Open Letter To GrowLife [View article]
    No, I meant 100M, thanks I missed that. A low float works very well for PHOT. Actually, the status quo trading before Glover wrote his less than professional dirges would have us still at $0.25, IMO.

    However, through his adolescent postings we have had more exposure to the 3B A/S desire by Sterling.
    Jan 20, 2014. 03:01 PM | Likes Like |Link to Comment
  • An Open Letter To GrowLife [View article]
    CANX will have 1 board member on OGI and so will PHOT initially ~ your assumption is correct. Its all perfectly legal on paper, but initially for the upfront funding (which I think is currently unneeded), PHOT takes a back seat on OGI for what amounts to $1.3 Million giving CANX 140M in unrestricted warrants. There are structured incentives that give CANX more unrestricted warrants. And, this is why Sterling needs to raise the A/S. He's selling out investors, IMO for basically $40,000,000 up front to finance grow-ops and willfully given up the driver's seat in terms of controlling shareholder value. Yes, he's trusting CANX to perform, but if they don't before PHOT has a 51% interest in the joint venture OGI, CANX can influence actions such as R/S to get their piece of the pie back. For CANX its win even if PHOT loses. On top of it all PPS will take a hit should 3B A/S be announced by Sterling. CANX, IMO is the domino that could bring PHOT down to $0.03 again.
    Jan 20, 2014. 01:35 AM | 3 Likes Like |Link to Comment
  • An Open Letter To GrowLife [View article]
    Try looking up CANX. They became a paper tiger essentially overnight for the JV on 11/7/2013. Silent millionaires looking to ride PHOT's coat tails, IMO. If GIFT don't pan out, they R/S 10:1 because PHOT probably won't have the 51% interest in OGI to stop it. They take money and run.

    If PHOT goes to 3B A/S, forget any established trading base and welcome more volatility. GIFT revs may materialize, if it works, in six months possibly.

    Without much waited for GIFT news, pps already retracing. Fickle is penny land.

    IF, however, we stay @ current A/S w/ our 700+B O/S and GIFT is looking profitable, this alone will create demand for shares. I say then reevaluate the CANX deal when O/S gets to 100B. Then maybe look at 2B A/S.
    Jan 20, 2014. 01:13 AM | Likes Like |Link to Comment
  • An Open Letter To GrowLife [View article]
    Not a very well thought out dirge in my opinion Ryan. However, I'm also against increasing the A/S as it will eventually lead to more O/S for insider deals @ a time when I don't think its needed. That is the level of sector strength I think PHOT currently has at the current A/S & the 711M O/S.

    PHOT could sell shares into the market NOW removing any need for the CANX deal.

    IMO, due to the lack of specifics surrounding the CANX deal and the call for 3B A/S concerning more investors, many are moving $greener$ pastures. There are a few other marijuana plays with less O/S than PHOT and much lower float. Very attractive plays seeing positive stock price moves while PHOT is dropping.

    If the A/S increase is voted down, then I think confidence returns and investors follow. Until then Sterling has some ground to cover concerning CANX deal specifics and giving more precise insight on his reasons for 3B A/S.

    If they PR favorable news about GIFT with verifiable revenue projections and restructure their deal with CANX I would go long.

    Amid the fray between low and high are the pundits espousing their witticisms & cynicism.

    GL trading PHOT
    Jan 19, 2014. 04:01 PM | 2 Likes Like |Link to Comment
  • Vringo's Timeline Vs. Obama's Patent Troll Plan [View article]
    We should not forget Google also enforces their patents as fiercely as it defends. Google is somehow seen as the 'golden child' in internet search, however, they knowingly and willfully continue to infringe upon Lang's patents.

    If, in their first year of infringement, Google proceeded to correct that error and pay proper restitution to the past owner of Lang's patents, Vringo would not be enforcing against Google. Instead, continuous unabated infringement which exposes the attitudes of Larry Page & Eric Schmidt. Typical of corporate America is; if paying for wrong doing cost less than bottom line profits, they don't care and proceed with the wrong doing.
    Sep 13, 2013. 07:23 PM | 5 Likes Like |Link to Comment
  • Undervalued Vringo's $100M Victory Against Google [View article]
    As much as I'd like to experience the benefit of a 7% RR through to 2016, 'Discovery' will may illuminate a crossover between the patent fundementals and Google's claimed non-infringing code changes.

    This is where Vringo's expertise will need to prove NO 'colorful difference' in discovery. The good news is Judge Jackson does NOT want to take the rest of the year on discovery. Better news if/when Vringo wins in discovery.

    This is why I like knowing a baseline value for absolute known infringement for Vringo going forward as Mr. Schley points out.

    GLTA, I know we'll make money investing in Vringo.
    Aug 19, 2013. 04:51 PM | Likes Like |Link to Comment
  • Undervalued Vringo's $100M Victory Against Google [View article]
    Great, informative piece. IMO, knowing the bottom dollar potential here gives investors good insight on Vringo's value going forward.
    Aug 19, 2013. 03:39 PM | Likes Like |Link to Comment
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