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Daily activity -shares traded ,bid /ask, comments ----have been looking on investors hub
Still no reporting today 10/11/22
Why is the daily report activity stuck at 10/6 with no change for 10/7 or 10/10
Interesting that the new CEO 's property listing address is listed at $ 6,300,000 ++
Not that people can't have or are not entitled to costly property ;but hqw was thaqt obtained ???? on the back of stealing money from duped shareholders . Is
Dohrman just another Hegyi ??
And here it is : official announcement of 1 share from 150 shares reverse split .
This company seriously needs some prairie law
When is the official split date?
Your outlook for this scam sure has changed over the last yr. The true
evil is Marco who uses any means to keep his salary and life style going
-finding whatever crooks are available ,while he cruises along and doesn't
face any legal repercussions . It's time for this crook to be brought to justice
Where he has always been -out on his boat and driving his car -stealing
every ones money -with NO regrets -about to scam another reverse split
so he can keep his THING going -this crook should be in jail or worse
Interesting that the 8 K reports that there were NO shares voted against
Hegyi ;Fasci;Kozik to board -0 this is NOT true-everything was a foregone conclusion ; so they could keep their scam going -start all over again
and screw the present shareholders
well I guess the iceberg has hit the ship of fools
Well I guess Different strokes for different folks
WELL - the official next step of the MARCO SCAM is out
Received official -ballot for the vote at NOV 5 shareholders meeting -which
interestingly is listed as held at : 895 Dove St suite 300 Newport Beach
CA 92660 must be Marco's new winter spot ??
1 Election of directors-same crooks
2 Restart Growlife incentive plan
3 Evoke a reverse split no less than 1 to 10 or more than 1 to 150
at discretion of Board of directors ,as to time and size
4 Increase authorized shares from 240 million to 750 million
5 Ratification appointment of BPM LLP as the independent registered
public accounting firm for fiscal years ended Dec 31 ,2020
What more needs to be said ?- I haven't seen any comments from the
pom/pom squad lately .
Yes -this was a forgone conclusion . The last loan Marco got to pay his salary ,REQUIRED him to institute these moves -it was part of loan,
What amazes me is how people block this black + white info and continue
to let him get away with this obvious scam.
And still dropping; wait until Marco slips in the next reverse split or just straight out authorizes more shares . His last loan deal had a stipulation that he get the number of authorized shares raised . He has already burned through the money -salaries and bennies for him and his buddies . The vote to authorize more shares will come at annual stockholder meeting (totally controlled by insiders) The question is ? will this company last that long and what happens when he attempts to again screw anyone who holds shares.
When is the annual stockholder meeting and when does the agenda have to be
announced . THE LAST FINANCIAL ARRANGEMENT THAT MARCO PULLED OFF -REQUIRES
the company to EXPAND the number of authorized shares and set aside a number securing their loan . Marco and his cronies will obviously control
that VOTE -ANOTHER CONTINUOUS DILUTION AND MAYBE ANOTHER ATTEMPT AT
A REVERSE SPLIT
If people keep giving him a break when they JUST consider him a poor
CEO . THE BIGGEST PROBLEM is that he is an expert in grifting the
investors for his OWN benefit -at no time do his actions reflect the
needs of the shareholders - He has 1 goal -provide money for himself
and keep it going as long as possible - anyone who trusts him ,just keeps it going -with hopes that will be bailed out - HE IS A SOCIOPATH --NO
guilt or concern for the people he grifts - His ego sees only his own
false self esteem
He is failure for company and shareholders :BUT that is not his goal .
He wants to keep his exorbitant salary and bennies going for himself and his buddies and has set up a crew that will do this by SELLING SHARES.
They are pulling out as much money as they can and will ride this into the ground. A TRUE SOCIOPATH
see post # 120027 by billy - has a link stating details of the 8K filing
It states it in the 8K filing of 4/9
The warrant holder has insisted that the shares be authorized and put in reserve or they will declare growlife in DEFAULT
and marco has also agreed to put the question of AUTHORIZING more shares ,at the NEXT shareholder meeting.
Thanks for the update
It amazes me how easily certain people on this blog can't see his dilution
for self profit gain .
PHOT was authorized for 6 billion shares prior to the split which was by
150
Now ,if you multiply the present O/S by 150 that = s the equivalent of
9,267,335,850 and now the authorization is 130 million ,which exceeds
18 billion shares 3X the original 6 billion -which he achieved without
clear authorization; but numbers games at the time of split . This guy
MH has 1 intention -keep his SALARY and BENNIES going ,at everyone else'
EXPENSE- THIS GUY NEEDS TO BE PUT IN JAIL
What is the PRESENT # of outstanding shares . The continued # listed is from NOV of last year at 44.7 million ;but Marco continues to dilute and it
must be higher by now ????
He is a true sociopath -he believes that anything good for him ,is good for
everyone. There is no guilt , no remorse and NO END to his ability to
to continue acquiring THINGS for himself. Check out his HISTORY and his ability to gloss over anything that threatens his controlling ego . Some
of these qualities are what make some business people successful and their
companies thrive with good foundational products and structure , He thrives
with a low profile scam that he can rationalize as successful because he
rewards himself at the expense of the shareholders . He also has assembled
a crew of enablers that get their rewards by keeping it going.
It got sucked up by the rise in the entire MJ sector which has now crashed
People speculated on freeing up of MJ banking at beginning of week and now the entire sector has dropped . PHOT got sucked up by the wave and now returning to REAL partial awareness of POS. No doubt that the MMs had some
play in this smoke and mirrors
When is the year end financial report due out ?
Yes -the loan/conversion/pay Marco and buddies SCAM continues and they
have a long way to go with 130 million authorized shares available and
now at approximately 45 million outstanding . Let's see if they have the
balls to give themselves bonuses -even though the EBITA is in the negative
=1.27 range
I know yuor blurb is sarcasm as stated in past . These crooks will only
be stopped by outside forces .
As of NOV 15 this year they had 44+ million outstanding shares and a NOW
allowed 130 million shares to use . They will continue to sell conversion
rights for loans at discounted rates . This allows loaners to collect
interest while waiting to convert and then play the hype and manipulation by MM ; to gain additional $$ for a total of more than 25% on their
loan . Marco can keep playing this game for his salary for quite awhile .
The crooks are all in place and they are making THEIR money . I don't
think they need R/S for now . It would look bad
The US house passed the MORE act today ;but the Senate is said to UNLIKELY
take up the bill . MORE =marijuana opportunity reinvestment and expungement
This bill would decriminalize marijuana and expunge the records of those convicted , It would remove marijuana from th controled substance list.
As of 11/13/20 the Outstanding shares now stand at 44.72 million which
is a 35% increase since june 2020 and if multiplied by 150 ( the R/S)
it is the equivalent of 6,708,000,000 shares -THAT IS 708 MILLION
ABOVE THE ORIGINAL AUTHORIZATION FOR 6 BILLION , They are now authorized
for up to 130 MILLION . That's 85.280 million more to go (they don't
have to R/S -they have plenty to go ;unless they want to up the share price)
IF you multiply the 130 million X the 150 R/S it equals 19,500,000,000
shares -that's a 300+ % increase over the original authorization
NICE HOW MARCO SNUCK THAT IN WITH THE MIRRORS OF THE R/S - That was the
REAL INTENT of the whole transaction - not to raise share value ;but to create dilution room for the future -to keep his scam going
Soon we will see the recent loan changed to conversions at discounted rates
and then sold on market for further gains of lenders -the
loan/conversion/sale/dilution contimues as a means to pay more salaries
bennies and bonuses to MH and buddies -the MM continues to make money and
the only people losing money are the shareholders . This pattern will continue to oblivion. There is NO guilt and the insiders sociopathically
believe their own BS ,because it's good for THEM
ALL acquisitions have used this pattern to continue and not once actually
acquired something with the acquired cash -the payments have all been stretched out to continue the deception.
Reduced expenses have come from dropping the parts of business that could
actually BUILD the business and they are down to supporting fewer and fewer
components -THEIR SALARIES
correction $51042 due monthly through 11/30/2021 and 12% interest with
5 + million shares put on reserve for conversion . those shares will be
converted at the previous days close with " adjustment for arrangement"
In other words -sold at discount and the dumped on market .
5 million shares with a 1 penny rise equals a $50,000 gain. And while they
wait for each opportunity ,they get 12% interest . All described as
money needed to carryon PHOT business------MARCOs salary and bennies
First payment amortization ($250000 ) on loan acquired at end of OCT
comes due NOV 30 and then $50000 each month after that to OCT 2021.
We can expect to see conversions at discounted rates for more dilution
and sale of those shares . Marco's game of self reward continues with
shorter and shorter periods of cash grabs. CHECK OUT HIS FACEBOOK WITH
PICTURES OF HIS SAILBOAT
This company divested itself as a lighting company years and years ago .
They have tried everything else to try to suck everyone in with a new pitch
every six months . The only thing this company does is provide income
for Marco and his buddies by getting loans (increased debt) at drastically
reduced indexed amounts and not registered -then after interest is paid for
leveraged time -the loans are converted to stock at even lower levels and sold on the market(further dilution). The loaners make money(interest) and Marco keeps his salary and bennies going .The stock doesn't have much room left unless Marco pulls another R/S and screws the next round of fools
more debt and more lead up to more dilution ----all to pay for marco's salary ,car lease ,etc,etc
testing
I know -that's what I meant -he lied and they now realize it and want to end the deal . Marco has mislead investors , colleagues , authorities
and all but his buddies in crime. His last myth about PHOT 's saving
component is now coming to a close from within. People in the industry
,that will deal with him , is coming to the END
Sounds like Marco is trying to weasel out of the EZ clone deal ,after he hyped it as the new savior . He has repeatedly done the same thing with every previous hype =if the EZ clone deal fails ,there is nothing left
This was posted more than 2 months ago -I guess someone turned off the heat