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Again you are agreeing with a post that is near 2 months old
The only pop this will see is the FINAL balloon pop with nothing left.
MH is serious about this yes-because he is collecting more than 1/2
million dollars a year salary , +medical and expenses paid and a retirement program + bonuses ( EBITA has been negative; but he still
gets share bonuses) He keeps bringing in more consultants to protect his position and distract from the bottom line -increased salaries and losses
He will keep this going THROUGH DILUTION AND DECEPTION for as long as he can. THE ORIGINAL AUTHORIZED SHARES WERE 6 BILLION -he is now at 5 BILLION
if multiplied by split factors (33 million X 150 ) but they now say the
authorized share level is 130 MILLION (if that is multiplied by 150 ,it
equates to 19,500,000,000 new authorized share dilution levels .
DON'T be fooled by the number distraction game -he screwed the shareholders and intends to keep that going for as long as he can play it out
The post you are praising was 2 MONTHS ago and the price overall has gone
down
Thanks for the update . I called attention to the hidden fact that MH
pulled a hidden SCAM at the time of R/S . He tripled the number of
shares he could SELL without an authorization request (even though the board could do it at will)The NUMBER needs to be put in the FACE of the
doubters on this board. This criminal needs to be put in jail .
After all the manipulation and BS -what is now the # of authorized shares
they can now scam dilute ------ we are presently near or at the equivalent
of 5 billion by prior to R/S . The OLD authorization was for 6 billion .
Did that get adjusted or is that still the # .
What is the present # of O/S ?
The only place Marco is going -is to the bank for cashing in his huge
.undeserved salary and bonuses . Watch him again get a bonus, while the
debt and losses continue to mount. He will play this as long as people
continue to trust him and his RAP. The industry knows his trip and this is
his ride to retirement for as long as he can scam it.
Interesting how this stock manipulated produces revenue for the insiders.
IN late March and into April of this year .Chicago ventures group debt holders converted almost a million shares of their owed debt to shares
At .16 average pps adjusted down and claimed a $30,000 loss on their
loan interest . While they got a deduction - if they sold those shares
at $.22 pps (there was alot of activity at that level over the last 2 mos)
That would get them an $80,000 gain in cash while taking a$30,000 loss
on the books . Does anyone wonder why there was so much volume . You can be sure there was insider manipulation during that adventure
There are still people buying at that low level thinking they will get a dead cat bounce and make small amounts of money with small amounts of cash at risk. If you go to Las Vegas you can see people playing the slots endlessly - to mainly fill their boredom
After Marco basically eliminated all previous shareholder equity with
R/S ,his rinse and recycle start over has now started over while selling
shares at a higher price and ultimately even greater dilution than before
R/S. The trading is now back to previous quote board and new MM -so he can now sell his pitch to a new group of willing people . He has 100 million
shares available , all the way down to .01 pps ,before PHOT gets kicked back into no board purgatory. That gives him 100 million shares at .10
pps - $ 10 million dollars -if he can fool people that long . That should keep him and buddies in SALARY and BENNIES for 2 years .
For those who like quoting SONGS LYRICS - can you do the Limbo
"HOW LOW CAN YOU GO "
I believe Marco is around 62-63 years old - that would put him right
about retirement time in 2 yrs -with a nice bundle of money .
Curious to see if the next financial shows him getting a raise or bonus
-does he have the B's to do that ? YES
Sociopaths BELIEVE what is good for them ,is what is good for EVERYONE
Time to get your eyes checked for color blindness
I am amazed that people keep overlooking the fact that ,beside screwing the
shareholders with the R/S , PHOT also EXPANDED it's DILUTION capabilities
for a continued money flow to pay salaries . PREVIOUS AUTHORIZED SHARE
OFFERING WAS 6 BILLION . THEY NOW HAVE (post R/S ) 130 MILLION AUTHORIZED
FOR OFFERING - that is equivalent to 18 BIllion available pre R/S.
With smoke and mirrors MARCO created what he thought would be a bigger
revenue base (at shareholder expense)for future salaries and bennies .
At the present rate that will also fail because the share price has
fallen so far and continues downward . He will use the new authorization
(without true transparency) to fund himself for as long as he can ,
Present OS approx. 30 million ; new authorization 130 million .
100 million to go ? could keep his THING going right up to his retirement
goal.
Is that link what you are calling audited financials ?
Seems that it is not obvious to some on board
Why wouldn't he work for all these years while receiving $500,000
a year salary and bennies ;plus expense account and trips -all
on shareholder cash .
I didn't use the terms LMAO ;insider enrichment ;or ponzi . If they seem to come into an equivalent description ,feel free to use that as a substitute . The exposure of any facts are based on previous history
of this company and it's board - only meaningless if willing to overlook
ALL DD . We all decide for ourselves what is meaningless and what is tolerable .
We may find out that Marco along with the MM used some hyping technique
last week to get a small rise in PPS so that they could dump more shares on the market -the notice for that may appear later this week. Didn't work
and today closed at .20 . The yr report due out this FRI (if on time)and
may show more ballooning of debt and more dilution . TIME TO PUT AWAY THE
POM POMS and face the reality of MARCO's scam tactics. Here is a number to
DIGEST . PHOT was authorized to issue 6 billion shares before R/S .
If you multiply the supposed 130 million shares now authorized (their
numbers) by the 150 /1 split ratio = that is equivalent to over 18 billion
shares . that is a 300% increase over previous authorization . That was done by crafty manipulation non- transparency in a vote completely
controlled by the BOARD (voting power ) . The reality of the R/S was
to screw existing shareholders and open up more dilution at a higher level.
Moving up to a higher trading board is a myth .A ribbon on a package wrapped with brown cut up grocery bags
Thank you for your response and info . The announcement (POC) at .50 /gram
also says that growlife can't afford to provide component parts for sale
and will provide info on inquiry to them. Again Marco has hyped a product
that he can't provide and can't inventory for sale . He has dissolved all
parts of Growlife that could provide that service and sold off any
production components . (any money acquired by PHOT has gone to SALARIES
and debt payment -dilution and R/S have provided short term monies for
him to keep this scam going. The hyped vertical grow system has now gone the route of all his other smoke and mirrors. The PENDING PATENTS are easily worked around , His NEW HYPE are clones -FLASH !!!! then comes the
BANG and IMPLOSIAN as more well equipped and funded sources provide better
and cheaper alternatives.
What news?? and please source
As of last month , Marco also screwed warrant holders by giving them a conversion rate of $2.70 pps to purchase shares that HE stated were .018
at time of WARRANT OFFERING . He uses convenient numbers based on his BLUE SKY PITCH to eliminate any desire to convert warrants
, The R/S was not in 2016 and the pps never came close to $2.70 let alone
$7 .Etrade uses the info given to them - I must admit that MARCO is a master manipulator - Most Sociopaths are -they have NO hesitancy in saying
whatever will benefit themselves -NO GUILT and thus quite believable until exposed.
I will gladly sell you my shares using the formula you quote .
At Todays' close of .22pps that's $3.30 pps LMAO
Can you site any sales that came EVEN close to that evaluation .
The pps never even reached a dollar ,let alone $7 . I would be happy to sell you a car at 10 x it's list price . PHOT was never even close to
the company created fiduciary price . The trading price is the true
reflection of willingness to buy
Where are you getting $7 from ????
PHOT in 2016 had far less debt and far less equivalent dilution and
most of all far less NEGATIVE HISTORY. The price spiked above $.70
not $7 . Marco is using this as a CASH COW to pay his salary .
Marco has consistently hyped many things until the reality sets in-he
makes it sound like Growlife will revolutionize the industry .
This is ONE example of more far advanced and bigger professional companies
producing systems that are far better than Growlife's . Now Marco is
hyping Clones . We will soon see the QTR and 2019 yrly report .
Sales may increase; BUT, so will debt , while Marco continues to collect
an outrageous salary and bennies. The rapid level that this PPS drops
shows the reality of the public exposure.
No They show that Marco has consistently manipulated the numbers after the
fact . The people who bought the option to convert warrants were lured in
thinking that they would have the opportunity to buy , in future, at a low price . Marco has now raised that price to an unrealistic level and shortened the time for opportunity to exercise -essentially VOIDING any chance benefit from your warrants. The warrants were like a sold building that was built on a toxic waste dump . The R/S price never approached his valuation price .
If you bought the warrants with a hope that you could buy shares at a
bargain price for future possible gain. You would now need basically a
1200 % gain to be even . MARCO basically USED the money to PAY Himself
and his buddies =CASH and then changed the rules with fiduciary manipulation -to basically eliminate conversions after he GOT your CASH
AMAZING -Marco has established that your purchase of warrants was
valued at $2.70 after RS and thus your conversion would occur at that rate
PPS. The PPS after RS never exceeded the $.70 range - He has screwed you
by further reducing your good will purchase in the "OFFERING " by 400 %
After the fact and with NO escape for you
THIS GUY IS A CRIMINAL
Marco strikes again -screws investors after the fact and takes their
"offering " warrant deal and put's it where the SUN DON'T SHINE.
I think you have forgotten that the people who got sucked into the 'OFFERING " # 1 and # 2 were lured in by the opportunity to purchase future stock (THROUGH WARRANTS ) -They have now had their purchase
power DRASTICALLY REDUCED and the time to do this has been reduced ( not
listed actual date change ) They have been further SCREWED in value of their purchase and how much time they have to do it .
Let's put this in REAL analogy terms -If you bought a car and financed it
at a set percentage for 5 years -you have now had this percentage rate
DRASTICALLY INCREASED FOR PAYOFF .
OH REALLY Todays close at .2325 and sells to buys 4 1/2 to 1
This information is 5 1/2 months OLD
The CBD clone statements are geared to the OUTDOOR GROW MARKET. Let's
see if the SOIL (Peat ) market shows increased sales ?????
So I guess we have now seen total abandonment of the VERTICAL GROW
HYPE------- POOF! . As the Jon Lovitz character _lier on Sat Night Live
used to say" Yeh ! Yeh! that the ticket" What will be the next hype ??
when is 4thQtr and yearly due for release ?
RIGHT ON THE REALITY
MARCO HEGYI
I don't know what your referring to : the disproportionate ratio's
were part of the package passed at the last shareholder meeting
A MEETING WHOSE VOTE RESULTS WERE A FOREGONE CONCLUSION , due to the overwhelming control of votes the board and insiders control -
a commanding number of votes. There were a large number of NOs in the vote
and Marco tried to spin this as a vast majority in favor .
Yes he diluted .as well as RS = If you multiplied the now authorized shares
at the 1/150 -it would have to start at 18 billion authorized . By reducing the number of authorized by 1/50 -he actually increased the number of
shares 300% and now at higher pps , so amount of money available through
DILUTION has been essentially tripled . The ULTIMATE screw job to the
existing shareholders and TRULY SHOWS MARCO"S INTENTIONS-to those doubters.
Your percentage of the company has not only been reduced by 1/150 ; But
those shares have also been reduced in percent by another 1/3.
For some reason ,each time I bring this up-it is overlooked in the
big picture. He did it without having to request another RS (bad visuals
and the full death knoll ,if actually fully TRANSPARENT.
What is the NEW authorized share level ????
What is the NEW authorized share level ????
Good REAL article -Thanks Billy . I'm sure MARCO is not missing his
payroll as other companies are