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the ????? is what is their exit point -are they long or ready for quick profit
who bought and what price and was it for cash or some form of gift
to Pinky King: I think your right on in your assessment of PHOT's status . No deals have come about and all baiting promises have fallen short . MH knows how to use selected words to stoke the interest ;but has not produced any results to date . He has taken advantage of gathering his own shares of stock right at the time when he knows the stock bottomed out . and the 1 month of election hype will drive it higher. His contract is up Dec 3 and after 1 month of post election rise and ???? and 1 month of post election (if good results ) he can EXIT DEC 3 and sell his shares at a 100-
300% increase of his salary . If he truly believes in LONG -why
not have made those shares -RESTRICTED FOR AT LEAST 1 YEAR They were bought at discount with no real CASH to company.
JJJ -every day you say they are looking good -and yet again today
they are running a 2:1 ratio of sells to buys.
Sterling Scott still holds more than 47 million shares -he is still lurking in the background -as are other previous board members ,who still own large blocks of shares.
Where is Marco Hegyi -is he still alive or is he sitting in the back corner of a Starbuck's (based in Seattle ) pulling off the deal he spoke of -the deal being a special latte
JJJ what are you going to reward us with if your GUARANTEE of .013
doesn't happen by end of day
KNEWB -were you ever able to check out the new office ?
I wonder if anyone is actually there .
Yes and the CFO under MH is who I'm referencing. The scam just continues and Sterling Scott still holds 47 + million shares
Sorry -it was SCOTT -MARK SCOTT
TO: KNEWB -if you are still monitoring this board ; Did you ever get a chance to go by the new Growlife office ,as you mentioned you might try to do -since you live in the area.
correction on previous post =The accountant CFO was I believe BARNES -not Scott as I mistakenly listed
People keep asking why they would work to get off greys and then not keep trying . The answer is a lot simpler . SCOTT got paid to create the appearance of getting off the greys and got paid $150,000 and bonus shares
which are probably cashed out at this point .He then left company and is ???
no longer liable for company . MH has gotten $250,000 /yr and bonus shares
with additional medical coverage and life insurance ,while sitting in a new office -ALONE and putting out SPORADIC baiting blurbs and the continuing salary and potential to sell his shares from NOV on and make additional
money -whatever it may be -and exit in DEC -at the end of his contract
Probably thus fulfilling his legal contract requirements and liability.
Fasci is making money by still selling his shares at a price still above his discounted purchase price -while still collecting interest and principle payments when that is more advantageous . This may be a contrivance on my part : but it sure smells that way . MH is the guy who can come off as MR. Transparent -we see where that has gone;and conveniently comes to a legal end ,at the end of his contract -DEC -very convenient.Probably will try to sell himself into another position at another company -claiming he has the experience and connections.
Please read blurb 100145 from 9/8/16 -My intent is not to gloat ;but do try to find a way to bring legal charges on them -if possible. What are the legal requirements for stockholder meetings ? I know the only people who benefit from legal proceedings are the lawyers ( HUNT and SCOTT
are both lawyers) - Maybe there is a way to, at least have retribution
on all the scammers for the future ????? It is not to be vindictive ;but seems to be the only language they understand . They have been sloppy with some of their activities -all along -maybe it can come back to bite them in the future -in the form of exposure and reputation.
I agree that a contract would give Growlife the push that it needs;but to date MH has not pulled off any of the needed steps to accomplish this process . Growlife 's suppliers require cash deals and don't supply the quantities needed (with credit) to obtain and maintain the large deals needed . The acquisition of GO GREEN
seems to be dead and there has been no shareholders' meeting as
mentioned by MH(what are the legal requirements -yearly ?).
The only response MH has given -was to give more BAITING info -as to the potential of MJ industry and what everyone else is doing.
I have been waiting as long as the rest ;but see NO forward progress
other than all attempts to keep his salary intact . The elections
provide a water mark for everyone's expectations-what is MH doing
to make this company thrive beyond NOV ? He makes it sound like he is running a huge corporation -there are very few employees to accomplish his grandios ???? goals and there are no signs that reducing the debt has made this a more stable company -other than keeping his salary more stable.
I totally agree with both of your posts and have gone through the
same experiences as you . My post last week was removed -don't
know by who . I hope this stays up for long enough to be seen?
MH only looking toward keeping his $250,000 salary coming in
and potential to sell his gifted /not paid for shares, if potential
rise occurs in NOV and before his ???? exit . The financing has been through Fasci connections -potential to make large profit by dumping these shares on market -after cheap purchase at discount .
His loans are quickly repaid by sale of shares. Good % gain by
present finance standards . MH has done nothing to position
Growlife for future other than keeping his high salary(compared to
comparable companies -CEO salaries )The company has no marketing
people to change their deplorable HX and reputation . The periodic
blurbs from MH know how to milk the hopes of people who wish for
honesty /transparency for the future . It is a sorry state that
it is all sold as transparency and the guise that they want to be
largest provider of supply services-the same hype as S Scott-who still holds more than 47 million shares
There has been NO STOCKHOLDER MEETING -as mentioned by MH and no word on what happened to "GO GREEN " IN the medical field -this is known as SKILLFULL NEGLECT
$250,000 a year for who knows? how much actual work ?. potential to sell shares before actual collapse ; expenses paid ? EGO ! and self delusion to justify rationale to keep all the previous going . Possible future
benefits from BUDDY financiers -who make money selling discounted shares at a reasonable profit % during low return times(FASCI ) and potential for this to spike ,due to potential legislative changes occuring until the end of this year .
MH mentions why the Green Gro acquisition has importance and attaches it to the reason for Growlife Cube :
; BUT there is no notice , To Date , that this acquisition has taken place.
Green GRO has been used as a positive carrot for quite awhile now .
Is this actually happenning and what are the terms -Since Fasci holds
the access to the money in this potential deal-it has high suspicion that
it may be just another big dilution that will give Fasci access to more discounted shares to again dump at another short rise in the PPS. It
would be nice to hear some concrete positive verbage from MH and not just BLUE SKY accolades about the future of the market . The future of the MJ and hydroponics is real ;but doesn't mean Growlife will be around to access it . I hope for a positive future ;but have little trust in the present manner in which Growlife throws out superlatives and NO growth
toward those goals.
What happenned to the blog report MH was quoted as working on this past weekend ????
What happenned to this summer's stockholder meeting?
What is happening with acquisition of Go Green -is it still in process -honestly ?
Are they going to dilute all the way to the 3 billion level ?
Instatilt -please pardon the typos in the previous message
YES ;YES 1 full time ; 1 full time employee ;Yes -1full timee employee MH ;and one consultant . Both were supposed to get bonuses based on performance .1 got bonus of shares when off
grey's -lasted 8 days -for all practical purposes and the other
is CEO -who is able to get discounted shares with potential to sell
at profit in fure up cycle . Both received large salaries per company size and gross.
All of what you state about the future of MJ and indoor culltivation is true and is the original reason why most of us got involved with PHOT. The problem is whether this company will be around for all those expectations . They scammed in the beginning and now seem to only be in existance to pay bloated salaries and gift shares for cash and personal benefits which will play out with
ups and downs until after NOV . MH 's contract extends to DEC. When
he can EXIT and say again "I don't quit" The problem is he isn't
quiting for personal gain and has done nothing for shareholders' NO
expansion of sales or market share during increased MJ growth ;Increased debt relative to size ;reduced MARKET EXPOSURE ; further dilution -all while periodically making statements about the future of MJ and indoor growth -;but nothing to show a position of leadership in this growth . LIP SERVICE to everyone hanging ;while the company has been sold out to people who can make a fast profit on the ups and downs and appear to have NO interest in LONG . It's time for MH
to produce -not just tell everyone to cool it . The insiders buying shares at greatly discounted $ is not for interest in LONG -it's an
opportunity to make cash on the UPS and DOWNS . They don't come under all the diclosures of insiders -they are under a different fee structure and can remain somewhat under the immediate radar.
It's a travesty that SCOTT and HUNT don't have charges against them .
BUT;they are both lawyers and knew how to work the system. Who knows what shady deals are taking place beyond the appalling
ones that appear in the QTRly reports .
The entrance of drug companies can signal the approach of MJ into the general medical and open market -similar to things like NEXIUM -which was first RX and then over the counter -after the exclusive
controls expired -then open to generic producers
This can produce opportunities for component parts providers -if they can establish large contracts -that provide the component parts .
Let's hope that MH can pull off contracts that lockin g . at bidded prices.???? CUBE ????
Most research on DRUGS at the university level is funded by Pharmaceutical companies -they also get Tax benefits and patent and copyright benefits in the process. They get exclusive rights to product brand names and licensing for many years -before a product can be produced genericaly . It sounds like the drug industry is making a move to now get into MJ -now that it is reaching a certain $$$$ level that they are geared into -they can also then control product coming into the US ,as they do with drugs
I know -they were basically gifts and now the return of HUNT may signal that the original scammers may have returned to join the new scammers -for the the final pickings .
Extremely bad to see that HUNT was the person involved in the 6 milliion share action last month . He was one of the prime insiders associated with the original fall and ???? SEC action . Sterling Scott still sits on 47+ million shares basically acquired at $.02
PPS -but by GRANT -are we seeing the UGLY SNAKES coming out of their holes to inflict more pain and scam ???/
I tried to imply that their hopefully would be something that could be done legally -last week -and the response I wrote was removed from blog .
The trouble is their isn't enough money available for a law group to be interested in a class action . Is their anyone organizing an action ?
No and he still holds 47+ million shares
I had submitted a response last week that was gone the next day. MH has a HX of 2 home foreclosures in CA . This tends to show a tendancy to be living beyond one's means -other factors come into play ;but 2X raises a red flag . When checking salaries for corps comparable to growlife .
MH's salary is 30-35% above the next CEO listed and more than 50% most others listed. -this is shown on internet listings of his yearly income
and comparative stats. This company has not done any of the reasons given
for originally getting the OK to increase issuable shares . No expansion
and money raised by dilution to pay SALARIES and BENEFITS to insiders
What happenned to intent to buy Green Gro ,What happenned to this summers'
shareholder meeting =was stated that it may be online. Many statements
of transparency ,while continual dilution for personal gain . I WAS a long
with hopes of honesty . Hopefully this will remain posted. ?
What is MH-s excuse now ?
What is MH-s excuse now ?
What board are you reading ????
Yes this is traded on hype .which will be coming frequently until after the election., How can this respond to true market ,
when Chicago Venture Partners just got 22 million shares at
65% discount -they can dump 1 million shares per day for 4 weeks
and make a 65% profit on their investment . A huge profit margin in a very short period of time- they are not in the business to hold long -just want a return on their money . Phot management seems to only have one concern in mind -to keep funds available to pay PAYROLL . The growth and building verbage seems to not happen .
It becomes harder and harder to remain having any confidence in positive thinking when avenues are being eliminated (can't be
bought out ;can't eliminate debt ; doesn't establish new sales ;
management non responsive to shareholders ;Insiders holding huge blocks of shares and able to determine future of company -they have ,to date ,NOT shown any regard for non elite shareholders.
No word on Green Gro ;No word on listing on Pinks with full listing;
Another Quarter .The only response from management is another announcement of a program based on someone else's work . We longs
await something innovative . It's pretty difficult to remain positive when the only actions that reach reality are continual
dilution -to pay exorbitantly high salaries , while huge blocks of
shares are dumped each day . Successful management comes from
aggressive leadership and PR -not previous LAURELS in unrelated areas. Indoor growing will become a factor for food and MJ ;but
their are other PROVEN companies that have developed a positive reputation. Also -what happened to this summer's shareholder meeting? -although it doesn't really matter,with all the huge free
shareholder's -that includes Sterling Scott -
who still has 47+ million shares . The claim that the company cannot control PPS is not accurate-the dilutive shares could be restricted as to sale .The way it stands now -the shares are sold /discounted to only pay for salaries and expenses-we know how that goes.
To Knewb Thank you for all your efforts
Knewbe =as asked by neight ,whatwhat happened to your visit to the new office ?
Another day of large SALES and another day of LARGE after hrs sales.
Who is unloading these large sales and are they traceable-are the discounted shares being dumped for money -they are not part of the insider list and not subject to disclosure. This drain is a money making scheme because of the deep discounts and definitely not positive for the common shareholders.
You have been one of the prime positive spin people and are now sounding suspicious . If you are able to evoke a response from Marco Heygi -pleases do so and let us know his response. I have been a long and hoping for a recovery in an ever growing MJ industry.
I have NOT found PHOT or Heygi's responses forthcoming and
answering shareholder's questions -they are sparsely timed and very
routine legalize designed to protect his position and continue the blood letting.