{"id":4400,"date":"2014-04-16T13:15:10","date_gmt":"2014-04-16T13:15:10","guid":{"rendered":"\/?p=4400"},"modified":"2014-04-16T13:15:19","modified_gmt":"2014-04-16T13:15:19","slug":"greengro-technologies-inc-otcmktsgrnh-spirals-downward","status":"publish","type":"post","link":"\/articles\/greengro-technologies-inc-otcmktsgrnh-spirals-downward\/","title":{"rendered":"GreenGro Technologies, Inc. (OTCMKTS:GRNH) Spirals Downward"},"content":{"rendered":"<p> GreenGro Technologies, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a>) was handling the market stresses well enough for a while. But in the past days, the ticker invited attention again when the falling trend accelerated. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a> slid more than 17% on Tuesday, reaching $0.24, although the selling volumes were subdued at $1.059 million. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/GRNH0416.png\" border=\"0\" alt=\"GRNH0416.png\" title=\"GRNH0416.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>All the while, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a> offered constant updates on its hydroponics projects, but the market was already quite accustomed to the company&#8217;s presence, so this did little to continue the upward movement. In addition, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a> has quite limited financial resources:<img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/TRTC0416.png\" border=\"0\" alt=\"TRTC0416.png\" title=\"TRTC0416.png\" width=\"350\" height=\"156\" \/><\/p>\n<ul>\n<li>$5 thousand cash<\/li>\n<\/ul>\n<ul>\n<li>$42 thousand total current assets<\/li>\n<\/ul>\n<ul>\n<li>$156 thousand total current liabilities<\/li>\n<\/ul>\n<ul>\n<li>$7 thousand revenue<\/li>\n<\/ul>\n<ul>\n<li>$221 thousand net loss <\/li>\n<\/ul>\n<p>At the beginning of the February boom in pot stocks, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a> moved together with Terra Tech Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a>). Both tickers were picked for their central position as providers of hydroponics options, a niche that was considered very promising for the legal marijuana sector. Now, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a> is going through a similar slide, as almost all trading days in April were in the red, with different levels of selling. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a> has slid from its peak at $1.40 toward $0.63.<\/p>\n<p>The big blow on those two companies came after the suspended trading of Growlife, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PHOT\">PHOT<\/a>). In the new week, the activity has not been renewed, but if we have the experience of other tickers that went through a SEC restriction, we may expect a deep fall from the $0.50 levels.<\/p>\n<p>Investors&#8217; forums still see value in the company, though the prolonged fall is causing jitters. Also, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a> has disappointed with delays in the filing of financial results, and there is no sign that those will be coming soon to awaken the stock price from the doldrums.<\/p>\n<p>The drop in price with <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a> was among the highest in the Marijuana index, where other well-traded tickers shed about 20% in a single trading day. Now, the health of the whole legal marijuana sector is uncertain, as there is a lack of mainstream news. Until laws unroll in other states, we cannot expect the enthusiasm at the beginning of 2014 to be repeated.<\/p>\n<p>If you still want to pick up <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a> for the possibility to return, keep in mind that nothing guarantees the current price positions, which are relatively high in comparison to other well-traded MMJ stocks. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a> has the advantage of being a well-known name, but almost all companies have seen shrinking trading volumes. Be aware of your objectives and your preferred time frame before jumping into a stock for what looks like a bargain price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GreenGro Technologies, Inc. (OTCMKTS:GRNH) was handling the market stresses well enough for a while. But in the past days, the ticker invited attention again when the falling trend accelerated. GRNH slid more than 17%&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[262,21,259],"class_list":["post-4400","post","type-post","status-publish","format-standard","hentry","category-news","tag-grnh","tag-phot","tag-trtc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4400"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4400\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}