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Thanks for more accurate update
Thanks for the more accurate update
The change back to trading PHOT supposedly occurs on Thurs Dec. 26th
which leaves only 4 trading days left in this year -could be HUGE dump
days -as people take the year end loss deduction. And Maybe followed by
big rebuys in the New Year (at lower pps)
20 trading days comes out on DEC 24th ;so I assume (because the market is closed on Dec 25th) that the first trading day of return to PHOT ,will
be Dec 26th THURS.
The first official day of the reverse split was 11/27/19 and it was stated that it would trade for 20 trading days as the transition ticker and then return to previous ticker
Thank you for your advice . If you have his personal number I would be glad to speak with him . Not hiding behind restricted twitter access .
To put the previous 2 posts in perspective:
The remaining 1 billion,750 million pre RS shares at .004 pps (which Marco
proposed as another OFFERING would potentially produce $ 7 million dollars.
Now 30 million shares at $.50 pps potentially could produce $15 million
More money for him to use for SALARIES and ???? acquisitions and bennies .
BUT -each shareholder now owns a smaller percentage of the total company .
This plus Huge debt will drive away investors who do their DD.
There may be flipping opportunities ;but the bag is not what you want to hold . His intentions are boldly thrown in your face.
He knew there would be an UPROAR if he tried to get further share authorization ;so used a sneak attack to accomplish the same thing
What bothers me the most -is how most of the posters are overlooking the fact that Marco manipulated the number of total shares available to actually increase the proportionate number of total shares , To actually
evenly reduce the shareholders 150/1 reduction to total shares (150/1
NOT 50/1 ) the now available shares should stand at about 15 million NOT
at 25-30 million as now stated , SLIGHT OF HAND TO INCREASE THE DILUTION AT A HIGHER PPS ,THIS IS A TRICK MOVE THAT SHOWS HIS INTENTIONS TO FURTHER DILUTE , The previous authorization was for 6 billion. To get to the present number (at 150/1 ) ,he would have had to start at authorization for 19 billion 500 million. I know the board got this passed -this was a way of not only eliminating shareholder equity ;but also increasing authority
to have MORE proportionate shares for further DILUTION
$ .47 pps with post RS shares = $ .0031 pps for shareholders pre RS
holdings.
The total RS scam actually created an increased number of shares at higher price -the new number of authorized shares actually exceeds the previous number if you consider the number 50/1 share reduction as compared to
150/1 common shareholders reduction . A SIGN OF MARCO"S INTENTION OF
FURTHER DILUTION at just a higher share $
Correction -the previous stated OS was at 3 billion 750 million .which were the numbers used in previous post
I keep hearing ,on this board ,that there are now only 30 million O/S
shares available after the RS. If this is a correct number ,then PHOT has pulled another slight of hand ,which I have been stating since the original
statement of RS and share change statements (prior to so called vote).
The supposed number of OS shares was at 3 billion 250 million (and other
obligations) prior to RS -that left 2 billion 250 million to reach the
6 billion authorization number -if you divide that by 150 -it leaves
15 million authorized . BY changing the number of authorized by 50 to 1.
they sneaked in additional new shares available. If the number of shares
available is truly 30 million , then they have DOUBLED the number of
available shares . The total number of shares now stands at 130 million
and that is an increase ; but, further increase number to dilute without
getting approval for more authorized shares (SMOKE AND MIRROR DILUTION
DECEPTION )
IT would take 6 billion 500 million starting number to come up with
the 130 million number -at 50 to 1
AND EVEN WORSE if they had used the 150 to 1 number reduction (in fairness
to the shareholders reduction ) they would have to start with
19 billion 500 million share authorization.
The ULTIMATE DECEPTION IN OPENING UP MORE SHARES FOR DILUTION
This is ANOTHER BS blue sky claim that Marco can use for keeping his salary going for one more year.
I don't think anyone was surprised by the RS .It is more the nature of how it was done and when -it reflects the general callous disregard for the
general common share holders .Marco has continually praised and encouraged all to stay long and then stabbed them in the back. The flippers made some money .Relevance is dependent on a personal perception of ethical and
moral business practices.
To put some perspective on this: those who bought into the first "OFFERING"
(I keep thinking of this as something from the EXORCIST MOVIE)
If you paid $ .00125 pps (and gave Marco money to spend on himself).
Your now adjusted shares must reach $ 1.875 pps for you to be even . The debt has not decreased and the revenue stream has decreased due to downsizing . The
blue sky fable of flooring for the growth CUBE has vanished and PHOT also
announced it will be DEemphasizing all other components of the business,
other than clones for CBD . They stated;
decreasing Cube ,lighting,
grow chambers (vertical growth) ,outlet stores, international
representation and representation in state localities. Everything is now focused on CLONE sales. So all of Marco's previous hype has been dropped;
But not his salary -that has gone up . The increased sales numbers were a
product of the dumped components mentioned above ;while also increasing
the debt and now dumped at further loss -----magical numbers.
This closed today at .70+ and has a LONG way to go to $4 pps for uplisting
The new "savior " will be cloning " ;But, that" will take at least a
year ". and Marco can ride that for 1 more year of increasing salary
and bennies.
I don't think this is same Marco ;but this one should be in jail
The reverse split and other clauses were approved by a vote that reflected The insiders dominant number of shares . Yes some people were led by Marco's recommendations ;but the vote was not overwhelming as Marco stated
It reflected a LARGE PORTION OF REJECTION; but could not overcome the boards DOMINANT majority of shares . The dominant number of shares were GIFTED TO THE BOARD MEMBERS OVER TIME as bonuses and discounted purchases with little to NO money exchange-This occurred over time and left little to NO ability for DD to rectify ,other than selling . Those who flipped at proper times made money ;but the bag holders -who believed Marco's
LAPSIS EXILLUS did not
Let's not forget that MH and insiders control all voting by number of shares and present change allows them to use up tp 200 million shares to further increase their control ,while they reduce value of regular shareholders by reducing their value and proportionate ratio of company
ownership -yes "-slip of the pen and mental wondering tales "may be an excuse for propagating a lie to people -;but it was done after the fact
for many people who were already locked in -yes -this is the pinkies
MH professes transparency while using deception.
Since you quote Latin -let's not forget -LAPSIS EXILLUS
It was for up to 1 for 100 and a separate clause allowed them to increase the usable from 100 to 200 million -in affect changing the ratio of useable
shares available under the NEW share structure. A greater proportion
available for bonuses etc
Marco tweeted 120 million shares - 6 billion divided by 150 leaves
40 million . BUT; he also got approved the ability to increase the
number of shares used for sale and purchases ( 2018 meeting where all
insiders COMPLETELY CONTROLED VOTE ) He has completely wiped out
common shareholders equity and will manipulate NEW shares to
squeeze out more money and maintain control -doing whatever he wants.
OLD SHARES purchased at $ .01 (long time ago) will require the New
depleted number of YOUR shares go to $1.50 pps to break even .
That's one dollar and 50 cents pps to break even . or as my previous
post -bought at .0025 pps would require $ 0.375 pps to break even.
Neither of these figures would allow uplisting ($3-5 dollars required )
PHOT is not even listed at present and must reach and maintain $ .01
to return to even be listed at lowest level .
All this while still increasing DEBT LOAD and paying huge BENNIES and
Salaries to Executive board. MH has screwed the shareholders while
again increasing the number of shares he can manipulate for maintaining HIS
benefits . Ultimately he will declare insolvency and screw all shareholders
and take a corporate job when a liquidator takes over this company -at
pennies to dollar. The insiders and debtors are collecting all along
and selling shares through manipulative brokers. SMOKE AND MIRRORS
If you are a flipper -today is the day to unload the shares you bought
at below .004 before the RS 11/27/19 . MARCO is celebrating The
THANKSGIVING TO ME holiday.
As stated before : Marco has screwed everyone holding shares by reducing
your holdings by 150 to 1( that means your remaining shares must rise to
150 X your bye in price pps ) If you bought in at ie. at .0025 your shares
must reach .375 to break even GOOD LUCK WITH THAT. That still does not come anywhere close to upgrading on trading board . It may allow PHOT to return
to trading board at .01 =IF maintained . Marco's BS about greater trading
ability is BS . He also got approved to increase the OS share float
with the new increased number -thus allowing him to DILUTE a new round
with ??? higher price for the NEW shares . This is putting lipstick on
a pig .
The OS shares stood at about 3.8 billion (not counting what he was able
to scam at last minute , of the 625 million ( at hyped price). He hyped the
price with twitter roll over the last 2wks . He knew he would reverse
split before end of year (authorized until end of 2019 ) ;but wanted to scam as much money as he could ,before RS.
The OS amount did not include what HAD to held in reserve for the possible
conversions ( Their new conversion rights will be "adjusted ")SO HE
KNEW HE WAS CLOSE TO 6 billion authorized limit. The only people
screwed are the common share holders . WATCH HIM GIVE himself a year
end BONUS of NEW SHARES at an ADJUSTED PRICE. This guy is a sociopathic
CRIMINAL.
Their office is just a drop box /no real office . In a building that rents out drop boxes and sometimes a room when they need to have a meeting .
It's an international company that sells this kind of space.
What's with all the 4000 and 4999 transactions -seems like something
manipulative is going on the last 2 days -beyond the usual manipulation of this stock . We may only have 2 wks left ,since many of these turkeys
are cooked for thanksgiving -Ha Ha
Probably when or close to when all authorized shares are gone . As I stated earlier ,with counting all obligations to warrants and options and the
now 625 million -we are close to 5.2 billion/out of 6 billion. A surprise may offer one of the inside investors a DISCOUNTED purchase at way below the existing remaining 800,000,000 at 50% of the .0024 pps. That would
(at .0012= $800,000)more cash for Marco to eat up in salary and benefits.
;and give him approx. 6 months . then R/S to shaft everybody and start all
over . The lenders could sell on open market and make money ,while also
collecting interest upfront while the dump takes place.
They also closed the online sales .So what is left -promises of the cloning future. ?????
They closed all their stores and are getting rid of the flooring company.
ALL; AT FURTHER LOSS-NO longer in CA; Canada ;Maine and no longer
TX -It's amazing while all these losses take place ,because of POOR/CROOKED
management ,the expenses for salaries and benefits has increased by 40% .
Now MARCO BS's the savior will be cloning -after all his claims of the
future blue sky have failed . He continues to SUCK as much money out of this company ,as he can and promises a great future 1 yr+ from now based on
his false myth that he is a leader in the industry -he is a legend in his own mind.
We are near the end of authorized share limit . The S1 states that the O/S
level could be 4.583 billion ,if the warrants and conversion rights are exercised (not likely at this pps level) (the gorilla in the mist).That is not counting the 625 million shares now up for sale - total of 5.2 billion
which must remain available. That's 800 million short of the 6 billion .
I'm sure Marco and his buddies will get bonuses at end of year -the R/S
is close on the horizon -or should we call it the EVENT HORIZON ,as we approach the BLACK HOLE ?
What are all the endless sales of 4999 shares listed as not bid or ask;
but as ? -every 15 seconds. Are these indicative of company dumps of new issues ?
Thanks for your responses
Has anyone had this problem ? I consistently get ADWARE when ONLY I
use this site . NO other web activity produce3s this problem on my computer
PUP: THE BRIGHT TAG adware only after using this site - deleted with MALWAREBYTES ;but then again back when only using this site
Unfortunately ,there is no uncertainty as to what Marco will do -
He will do what gives him more money for his salary and NOT what is good for shareholders.
When you get the "SPLAININ" based on PHOT's previous behavior and Marco 's
behavior you have that message deleted
I could not find the 2018 number ;but I believe the the $562K figure is correct or very close. I did find the 2017 number and that total figure was
$455,253
I believe his total package with bonuses etc was reported to be $562,000
last yr (2018 ) and expect him to give additional bonuses this yr.
A disgrace
The upper end of the authorization (at the last annual meeting) was 150:1
;but that will be further diluted because they also had a clause allowing them to increase the NEW share (authorization ) to I believe 300,000,000
from 200,000,000 -not sure on the new number. They in affect made all the old shares near worthless and plan to DILUTE AGAIN ,at what they think
will be at a higher pps level -I don't think investors will go for it -considering their debt ,history and REPUTATION .
Isn't this the 3rd or 4th time they have switched accounting firms ,in
the last 4 to 5 yrs ?
Yes ;and that tweeting again complains that PHOT is undervalued pps
and he also has the gall to request response to whether people are holding out buying until after a RS. He will now mold a response to give him
an excuse to implement a RS. The reality is that he has near maxed out
the authorized share limit and can use a RS to open up more shares for new dilution scam . The last annual meeting vote gave him the ability to RS at a ratio that reduces the OS shares in number ;but also allowed for more proportionate number of shares by number to be released . Pretty tricky -"isn't that special" ?
sorry -that was 15,000 shares at .0039 ==$58.50