GrowLife Inc (PHOT)

[Ephemeral Rook]

Where the 3M series A preferred stock disappeared to.

On March 19, 2013, pursuant to the terms and conditions of the Merger Agreement, the Company cancelled all of the 3,000,000 shares of its Series A Preferred Stock that were issued and outstanding. Per the terms of the Merger Agreement, the Company was required to attain specified net revenue and gross profit milestones by May 1, 2013 in order for the shares to vest and be distributed to the former shareholders of SGT. On March 19, 2013, applicable parties agreed that the milestones would not be met so the Series A Preferred Stock was returned to the Company and subsequently cancelled


3rd 10Q of 2013

http://www.sec.gov/Archives/edgar/data/1161582/000107997413000726/growlife10q9302013.htm

still trying to find mention of the 10M blank. closest thing so far were the 20 blocks of 10M that may be used in paying CANX depending on how much they invest into OGI, and should we want to pay our way up to 51% ownership of OGI. Also someone had mentioned the use of preferred to prevent hostile takeover. under their agreement CANX can accumulate up to 49% stake in PHOT, and should they attempt to gain a controlling interest, I could definately see the 10M used to prevent that. I really feel that the 10M originated somewhere within the OGI deal.