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PROFOUND ????
Sometimes the SOCIAL charge of being heard in a closed environment ,outways
the reality and rewards that person's ego -that is the positive reward for that person ;but it presents FALSE info and hope for those who are not familiar
with the presenter-keeping the myth going and hurting the newcomer.
The self enrichment does not have to be financial
No Song ; just REALITY is going on here
THEY ( growlife ) do not have office -correction from previous blurb
The also DO NOT have a real office -the Kirkland address is a RENTED
drop box in a building set up for those purposes .
The ability to refinance loans at a ?? lower rate?? would definitely be
helpful to ???? reduce interest debt and reduce the sale of shares for
for cash ;but it will also reduce Marco MO -more scrutiny from established
institutions.
Their acquisitions have been on the BACKS of shareholders as pps consistently goes down with short lived bursts . The assets of the company
are blue sky . The increase in revenues are not offset by continuing
negative accumulation and debt . The size growth does make it more
attractive to an acquisition ;having a total package available ;but
unproven and questionable ability to provide needed quantity and distribution for large scale sales that would pull this to profitability or
or sustainability . Marco does know how to make this more attractive to
third parties ;but NOT as shareholder value increases ;more for self
enrichment . The debt is so large that it would take Billions $ in sales
to sustain shareholder pps value -especially if it leaves the highly
speculative penny market
Marco's game plan has been pretty consistent .Receive a HIGH salary ;sell
and use as many shares possible to maintain that salary; dilute O/S to the 6 billion authorized point;(at whatever pps he can scam ); then R/S so that even shares at .006 have all their value practically eliminated ; start the
process all over again -as long as the powers that be, allow him to do it.
Then if he is lucky ,get a position with an existing company ,as a division manager and allow Growlife to disappear through bankruptcy or
liquidation -leaving the debts unpaid . He probably has any "patents pending"
under his name -not the company. He is leveraging his position on the BACKS
of shareholders. The constant acquiring of money is through high interest loans and the lenders are getting their payment through monthly payment and cheap shares which they in turn sell at a quick 25 to 40% return . The final losses will be a tax deduction for the lenders.
.
Just read further into IKEA blurb -which started organizational portion
last yr . They will be using a Swedish based company BONBIO which uses
a soilless system that achieves results better than Growlife's and
also thus doesn't require purchase and transport of SOIL (Growlife's HYPE )
The listing on Growlife Facebook is trying to associate themselves with
a growing HYDROPONICS industry; but just illustrates a BETTER system that
is ALREADY established and marketed with a HUGE company backing it-IKEA
is also well established in US -and all the marketing ,financing ,shipping.
and business structures already in place
I would like to think that IKEA would consider Growlife as a source for their
entrance into the store providing vegetable (i.e. lettuce )business ;
but what indicates that Growlife will become part of this venture ?
Growlife has continuously used other business names as smoke and mirrors to
attach their name and get false advertisement ,as a part of a NEW
growth trend .(I.e. "a store within a store"-at ACE hardware -where has that gone ???? ) The listing on GROWLIFES' FACEBOOK does not point to any
association -just ???? another smoke and mirror flash ,to associate their
name with a huge company that is going into hydroponics. Let's see them
close a deal (as many have stated on this blog) ,not just another FALSE
grandiose association .
Does anyone actually know WHAT show they are actually attending ?
I have looked for ALL listings of convention activity in Las Vegas.
There was a main convention (Cannabis) April 1-3 ,2019 and the next Bigger
Cannabis convention for business is Dec of 2019 (30,000)attendees.
The next convention for the one that occurred April 1-3 ,2019 is in
April of 2020 . I would like to know WHAT they are supposedly attending .
The April 1-3 conv. this year DID NOT HAVE GROWLIFE AS EXHIBITER OR
ATTENDEE
What are you talkin about ?
Mark Scott acquired (cashless transaction ) form 4 ,4/26/19 , 14 million
shares today (1 million at .01 of potential 4 million and 13 million at
.006 ). Still holds options to acquire 20 million at .012 and 3 million
at .01 . Wonder if this action will end up as sale next week (before
further drop and other options were extended to 7/22 . "CASHLESS
TRANSACTION " . Nice $ 19000 profit in 1 week without any layout of cash
How is DOWN close at .0078 a 'great close' ? Please no song or
fable or Disneyland (Fantasyland ) reference -just a straight answer.
Close today below .008 and 2/1 sell/buy -that doesn't seem like the right
direction -maybe investors no longer trust the new smoke and mirrors
. The 1st quarter results have to show significant gains ,not just
number manipulation based on last years 1st quarter /enough to overcome
the added debt -at least a step toward self sufficiency .
The option to buy 540,000,000 at .033 by CANX was closed by selling
125,000 shares at .008 . That was a quick access for money and did NOT
RETIRE SHARES .
He didn't retire 540,000,000 shares - he made a quick sale for CASH to pay his bills -which the greatest part is for salaries. There are still
6 billion shares authorized .
Because the R/S is still authorized ;What does it take to OFFICIALLY TAKE THIS OFF THE TABLE -MH 's word is not good enough-he has lied NUMEROUS TIMES over the last 4 years ,especially about DILUTION
Is there a process to revoke R/S authorization -does it take a FORMAL vote
The board /insiders would show their TRUE colors if they would allow/not allow a revocation of the authorization
I agree ,as stated in past ,that MH will try to sell /grant shares until
close to the 6 billion and then R/S and start all over.
Thank you
Thank you for info
Has the confer. call been recorded and WILL be available to those could not
make it at the time it occurred or will the minutes /transcript be available ?
And more than 1/2 of those assets are listed as INTANGIBLES (like customer
lists ) that doesn't carry weight like in other businesses ,when there are no repeat sales ) Did you also notice that MH gave himself a $575,000
exit package . The money acquired from CANX was used as cash for operations
like salaries -so it was a smoke and mirrors SALE of more shares at a
discounted level from their previous .033 PPS deal . MORE DISCOUNT
financing.
We all know what a round about is and is not a SONG .
And where was that RUMOR created ?
AMEN
The only sales they are doing ,is of MORE released shares . The newly
acquired $1M from shares to CANX looks like it will be used to keep the bonuses coming and extending the FAT salaries a little longer .
If they had increased the PPS to the previous level CANX was locked at
,it amounted to $17 M -these guys are interested in SELF ENRICHMENT and
not increasing shareholders value
I think MH may continue the dilution game up to his authorized limit
of 6 billion and leave enough time for insiders to sell their shares
Most corporate investors are more than happy to get a 100% return on their money in 6 months - ( theoretic purchase at .008 (CANNX) and sale at .016)
Then comes the R/S . SEE PREVIOUS POST
The sale restriction listed today states that CANNX cannot access the
shares for sale or use for 6 months from the closure of this deal (Feb 10 )
that means that they will not enter the O/S pool (dilution of 125 million
more shares ) until JULY 10 ,2010 . I wonder if there was an understanding
that a R/S would NOT occur until after that transfer and time for CANX to sell on open market ???? The company acquired $1,000,000 to use for the
next 6 months . Hopefully that will be used building company equity and not for just an extension of the FAT salaries . In any case it appears this smoke and mirrors will continue for an intended 6 months and maybe a
Flipping opportunity if pps price rises enough to stimulate activity/volume. Hopefully activities will be devoted to raising shareholder equity ;but the huge number of O/S does not lend itself to
LARGE pps rises ;since different people all have a different exit point.
But , the more people with skin in the game , the greater chance they may
stay in existence, and be there as the industry grows.
Thanks for the song -I wasn't aware of that one from Freddie Mercury .
I'm a big fan of Queen . My quote references a misquote by individuals in
a profile
The Raven never said fear no more . The poem says quote the raven
NEVERMORE -that was his name
QUIRE def = a collection of 24-25 sheets of paper of same size or packaged as part of a ream
I think MH may try to play out the previous authorized share total to the
6 billion number -not sure exactly where PHOT is at with that .
It was at 3 1/2 billion ;but the offering expanded that and there are
obligations to conversion -which they have , The full offering acceptance would have taken it to 6 billion O/S ;but it was only less than 1/2
accepted -there have also been share giveaway deals since then .
When he reaches close to that point ,he can screw all the shareholders with the R/S and then is authorized to start all over again .
2nd option is to wait until pps gets to .03 - .035 (right now that looks like highly unlikely chance) -the offering had written into it a way to force all the buyers out at that level -then he could screw the holders
out and R/S to start all over again
Counting bonus options and commitments to conversion -HOW CLOSE ARE WE
TO THE O/S 6 BILLION AUTHORIZED SHARE NUMBER ? WHEN THAT IS MET OR BREACHED
, THAT'S WHEN THE R/S WILL BE ENACTED -then MH can blow off all the longs
and start all over with the new ,INCREASED PROPORTIONATLY, shares available for DILUTION .
Now that Marco couldn't get all the money he wanted from offering ,he will put out these shares until he reaches the full 6 billion authorized (has to hold out some for future conversion obligations ). When that 6 billion is maxed out ,he'll pull the plug R/S and start all over again with the
new authorization he just acquired . NICE that the new filing spells out that none of the board is responsible for any FIDUCIARY responsibility .
I wonder when we hear that PHOT has moved operation to South America ?
I asked yesterday -how long MH could string out the R/S . All the negative responses to R/S may only slow him down until he thinks he has sucked in
more people to grab cheap shares . Then he will R/S when people think he
has rescinded the idea -I suspect after he burns up the money CASH from
offering . He has legal approval for R/S (stacked ceremonial vote)and
intends to USE it when time comes to CONTINUE his OUTRAGIOUS salary
and benefits.
Haven't heard anything other than rumor on this board
Curious if anyone can answer this question . If PHOT has the reverse split announced at say 100/1 ; are they then allowed to announce another
50/1 R/S at a later time ???? The approval was a range of between 100/1
and 150/1 . In order to have 2 R/S s within the parameters , can they manipulate the R/S or are they required to have an additional shareholder vote if it is split up ???? Curious as to how long they can keep this
hammer hanging over the shares and what time factors this can entail.
Can they call for a special vote and how long does that process take ?
Not only the dive -sell to buy ratio today 14/1
see my post #113899 on 12/17/18 -MH 's intentions are not to realistically get to a higher market -he is just looking for opportunities to get more
of the money that the trustful shareholders(beware of his continual hollow praises)will give him and then screw them further -then start the DILUTION process all over again .
Uplisting is a convenient hype to justify the R/S . This company will not see an increase PPS to the level they want for uplisting until they
clean up their act -which ,at this point ,is near impossible. (but never say never) I think the reverse split will occur at/when they reach
.03-.035 PPS . They have built into the offering a way to limit any
profit the warrant offering will produce . They can force the warrant purchases at a set level and if not executed ,they are shut down (READ
THE SECTION IN OFFERING referring to price share and canceling warrants above a PPS point) They DON'T, at present, look like they will even come near the .03 level . 2 options ---- 1. if price goes above that point
they can wait for everyone to exercise their warrants and then screw them
by R/S of their newly acquired shares (small window of 100 % gain )-if your
in and out fast -but those shares may take a LONG time to get available
for sale(read availability in offering) 2. R/S to temporarily increase
PPS to point, of again forced exercise or cancel of warrants.