Friday, August 26, 2016 2:32:34 PM
agree 100%
Just how low it will go? If their revenue keeps declining like it has been doing and PHOT keeps being forced to renegotiate their delinquent notes, the dilution will turn into the true death spiral toxic kind. This is where steeply-discounted dilutive shares dumped drive the price lower. Then, the discount applies at an even lower price, which results in even more shares converted for the same $1 of toxic debt. This deathspiral continues and then they may have to increase authorization to 8 billion, 12 billion, or more shares.
Recent PHOT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/23/2024 07:55:07 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 07:25:48 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:10:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:37:01 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 02/02/2024 09:22:33 PM
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