look at Canavest 10Q
...looks like the copy and pasted GrowLife's 10Q...MJNA & CANV looking like a joke now...good thing my money is in the only fully reporting MJ stock
"Since after the Merger former holders of SGT’s common stock owned in excess of 50% of our fully-diluted shares
of common stock, and as a result of certain other factors, including that all members of our executive management are members of SGT’s management, SGT is deemed to be the acquiring company and we are deemed to be the legal acquirer for accounting purposes, and the Merger was accounted for as a reverse merger and a recapitalization in accordance with GAAP. The accompanying consolidated financial statements of GrowLife and its subsidiaries reflect the historical activity of SGT, and the historical stockholders’ equity of SGT has been retroactively restated for the equivalent number of shares received in the exchange after giving effect to the differences in par value offset to additional paid-in capital.
In connection with the Merger Agreement, we are deemed to have issued an additional 152,343,383 shares of common stock to our stockholders existing prior to the Merger." http://www.sec.gov/Archives/edgar/data/1510964/000101968713002029/cannavest_10q-033113.htm