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That is correct IF the pps rises to the equivalent value ; but at present
it is highly unlikely. The companies inherit value and assets are way in the hole and recent purchases put them further in the hole. At higher levels ,investors take into account how many times value the stock is
selling for and don't expect AS MUCH meteoric rise . The whole MJ industry
does have the potential to rise that fast; but does PHOT . The management
has sold off control of assets through debt and obligations (while enriching themselves). People on this board talk about the ???? rise to 10 cents pps . That equivalent
rise for present value to post R/S (if 100/1 )would require basically
a $10 pps. If the dilution starts all over (History and Mentality persist)
that does NOT paint positive picture.
Any shares you presently buy at .012 NOW will have cost you $1.20 pps
after the R/S if it is 100/1 -if higher more cost proportionate
THAT'S BECAUSE THEY WANT YOUR MONEY UP FRONT AND DON'T want to pay any transfer fees or brokerage fees . IT also exempts them from any
fiduciary legal responsibilities REQUIRED by LAW when dealing with BONDED
traders or agencies . They STATE in the "OFFERING " that they can USE the
money at THEIR DISCRETION and are not required to return it - THEY CAN USE IT AND DECIDE TO NOT RETURN IT OR DELAY IT ,AS LONG AS THEY WANT and
your ONLY avenue for retrieval after deception is LEGAL (GOOD LUCK WITH THAT) . That means the MONEY IS IN THEIR HANDS AND CAN BE USED WHATEVER WAY THEY WANT and you CAN'T get it back after you realized they lied.
After all it's your honor to FUND MARCO AND HIS BUDDIES NEW RAISE,
While they reestablish voting rites (after R/S ) to establish their total
control and set up any NEW DEAL for THEMSELVES . Your legally squeezed
out - The SEC does not control Unregistered STOCK (actually technically
illegal ) ;but do you want to go through legal battle and cost ?
The biggest concern I have is MH's true intentions . He has used flash
and bang of all the standard CALL words to acquire more for himself and
the insiders. Yes a lot of this is needed for progress and that is the name of the game: BUT ; in 4+ years, he has not once shown a move for the
LONG shareholders that he graciously PATRONIZES . If he really wanted to help the average shareholders ,he wouldn't have to constantly tell them
how great they are -his true structuring would attract more LONG holders ;
rather than flippers who understand the quick IN and OUT of this company.
The present structuring is designed to move the flipping to a HIGHER
level ,while stripping all present LONGS of any value . He can try to keep
this going as long as possible -playing on the MJ frenzy. The corporate
flippers will do it at higher CASH levels and lower % rollovers, as long as they still have a respectable return of their MONEY. Their LOANS will
be payed back at the cost of the Shareholders who have NO control.
They will get ample security on LOAN repayment ,while they wait for right
time to convert their shares and Flip. THE TRUE WAY FOR THE STAGE TO CHANGE
IS WHEN THE BANKS CAN ENTER THE GAME AND THE DEBT CAN REDUCED WITH REPLACEMENT BY MANAGEABLE LOANS -that may be on the horizon ;but will PHOT
have given away the store before it does and the common shareholders have
no equity. The mentality of buyers still presently is for a FLIP at some point-you don't see people buying this for future DIVIDENDS
Yes -I agree it was nice to see in clip and store did look empty
compared to others in clip . MAYBE it was because Growlife carries
products that are for the cultivation and growth -which takes a different
customer -as compared to the first day customers who want immediate
product on freedom day. Trying to put a hopeful positive spin on a lot
of, all the rest , negatives.
Yes what you say is true ;BUT does MH intend to make shareholders flourish
or himself . The present shareholders are having their $$ and LONG tolerance erased and giving the NEW investors after R?S the ability to takeover . HE will be sitting OK -the new BONUS structure insures that -
he gets new shares at old price -if it doesn't work he is still getting
$275,000 @yr and BENNIES HE will PUSH IT as far as he can ,until he can't
push it anymore -for whatever reason that occurs -that is the NATURE
of the SCAM part of corporate finance.
The TIME LINE THEY HAVE SET ,SHOWS THEIR INTENTIONS . The R/S is just the end game of how they can SCAM more money on the TALE of uplisting.
Investors would be there if this was a legit business . MH's HISTORY
is this EXACT pattern -he is GOOD at it ;BUT IS IT GOOD FOR YOU?
HE TAKES HIS MONEY AS HE GOES AND SETS IT UP TO DO SO IN THE FUTURE
,
waiting to see how far he can PUSH IT
Flipping was the way to go ;but may not be there for future -for many reasons====the future depends on BUSINESS STRUCTURE AND ELIMINATING
HUGE DEBT :HUGE DEBT: HUGE DEBT -for this size company .The new quarter
may show YOY gains on paper :but YOY acquiring of HUGE ADDITIONAL DEBT
and FUTURE ACQUIRED OBLIGATED DEBT
BILLY -keep up the reality -I don't have the option to send private msg
Is his desire to EXCELL for the shareholders or for HIMSELF and his BUDDIES
They not only gave themselves a pay raise ,they also gave themselves future increased BONUSES and the ability to ACQUIRE stock for 5 years into the future -with the purchase price geared to the low end price of .012pps
they DO NOT have an increasing price ,like everyone in the "OFFERING".
THAT OPTION for them can be EXERCISED for 5 years in the future.
That means while shareholders are cut off 11/12/18 and shareholders CASH
is in PHOT'S possession they are CUT OFF with no recourse and the MONEY
can be "USED AT THEIR DISCRETION " The "OFFERING " purchasers will then
have their shares reduced R/S 100/1 or 150/1 and the price per share
would have to RISE by between 100 to 150 XX to stay even .
Then the board could buy the new shares at the OLD price . They in affect
have your MONEY and can then buy MORE controlling shares and multiply
their PERSONAL GAIN by 100 to 150 XX
Is their any WONDER why there is DISTRUST of this management?
The filings dribble out and disclose the truth of their intentions. YES
the price ?? MAY rise ?? but not to your advantage -at present pps .012
you would only stay EVEN at $1.20 to $1.60 pps. ALL the filings have to be READ as ONE PLAN
It is likely that he will be able to buy future shares after the R/S
at the reduced price since this can be enacted long after the R/S. It is also likely that he will not be required to come up with $$ for the purchase . It can be structured as his bonus proportioned to the cash value of his bonus -he can then SELL these shares and make even more $$.
HE HAS DONE THIS IN THE PAST.
The b's of these guys is incredible. The 2 8k's are a total slap in the face to stockholders . 1 8k increases debt by 3/4 of a million dollars
at 10% interest and gives the debt holders the ability to convert to stock
at the price at closing -which was July -they can do this for 3 yrs in the future.
The other 8K gives HEYGI,SCOTT,AND BARNES RAISES effective immediately
and gives HEGYI,SCOTT,and BARNES increased BONUSES
IT also gives HEYGI the ability to purchase 32,000,000 shares at pps.012
for 5 yrs into the future,NOT a progressive increase like your "DEAL"
and extends long into future -long after any R/S
Agreed -but they have to hold a vote for legal purposes -the results are
a foregone conclusion
READ THE PHOT NEWS AT THE TOP OF THIS BOARD -ACCESS THE ANNUAL MEETING INFO The ANNUAL meeting (with vote) is scheduled for DEC .If you are a
stockholder ,you will be voting on this . Not just a R/S ;other BAD stuff for holders -company insider self enrichment and again dilution startover.
Funny that the "offering " ; the deal doesn't mention the R/S that will be
"voted on " at the annual meeting . --almost immediately after the close of the "offering" . I know they are separate filings and thus not mentioned . The annual meeting "VOTE " is a foregone conclusion and will
immediately reduce the number of shares you just bought .
They also didn't have the number of O/S and not nearly the DEBT or nearly
the high salaries . Their reputation has not gotten better and there are a lot of people NOW aware of the lies that have been promoted and hype
passed off as positive spin ,while serving up as $$ for the insiders.
NOW also R/S and all losses for the previously loyal LONGS . The obvious
future of more DILUTION at the shareholders expense
sorry last minute close at .0103 pps
Strong volume???? 18.5 million shares traded and close at .0101 That's 184.5 thousand dollars from a company that's trying to raise
6 million dollars - and tomorrow is the day to get the "DEAL " at .012pps
Plus the ratio of sell to buy 2/1
I believe this FRI (10/12) is the date that anyone who wants to exercise the " DEAL " has to act. What a deal -chance to buy at .012 pps
while the present price hovers at .010 pps: then the chance to buy
unregistered stock at .018 pps and then .023 .Wonder what their next scam move will be ,when they CAN'T raise the money up front?
Good article -thank you . If you look at this article ,PHOT has ALL the NEGATIVES and NONE of the POSITIVES.
Thank you for correction -you are correct
But after the R/S your present share value (.0114 ) will have to go
to $11.40 pps (that's dollars -NOT CENTS) to be exactly where you are
now in value . That's at 100/1 R/S -it could be 150/1 "THEIR DISCRETION"
That's what your VOTING ON and they also have " RANGE" ,as to how much
reduction their will be in AUTHORIZED share cap sale -In other words
DILUTION will start all over again . They are also increasing the amount
of shares that can be GIFTED to THEMSELVES . DO you think that YOU
will get one those GIFTS ????.
??????
That means if you waited until this hits $12.50 pps and that takes until
after the 100/1 R/S -your value would $ be right where it is NOW ,
and you would have waited a LONG time . Plus WHAT ARE THE CHANCES THIS WILL
EVER GET TO THAT LEVEL ????.
They have announced it as /to vote on at the DEC annual meeting .
The results are a foregone conclusion -since the insiders control a controlling number of shares and have set up the pre meeting OFFERING
structured to KEEP that control.
FOR WHO ?
I forgot to add -WHO OWNS VERTICAL GROW PATENT RIGHTS _CAN BE SOLD BY OWNER for an ongoing royalty bonus . The company MAY NOT OWN THESE RIGHTS
,it depends on HOW it was filed and written -PHOT money was used to develop
;but doesn't necessarily own use rights. It may be owned by MH and other
board members ? Curiously -when the testing process is over and may
give us a hint of the time frame they are trying to play all this out.
See #112439 , Plus chance for temporary rise in pps as it appears O/S have been reduced ;but opens potential for them to sell up to the AUTHORIZED level . Then sell company assets (shareholders DO NOT have
any rights to assets by present debt obligations). Then take on NEW job positions at a POTENTIAL takeover opportunity where debt holders get
PENNIES ON DOLLARS (They have been TAKING THEIR $$ all along in other form
payment -sale of shares) The DEBT HOLDERS ALSO HAVE TAX LOSS .
I have worked for companies that have used this process.
Plus obligation for close to an additional 1 billion in conversion rights
and an additional 1 billion potential from present offering to sharehoders.
Then would be 4.9 billion O/S . R/S reduces this # so they can start the whole dilution over again ,while making up for insiders reduction by
asking for expansion of GIFTING RIGHTS and ability to drain money FASTER.
Smoke and mirrors running out of mirrors and smoke has become choking
I know the vote is a joke and every spin they put on their actions is a propaganda spin . Just wanted to call attention to another part of the
SCAM .
Read the company data along with the prospectus for vote at the DEC 2018 annual meeting.
The board is also asking for the ability to change the compensation paid to the board members :both salary and bonuses .(under their discretion)
Last year Marco Hegyi got a total package $ for $455,273(DEC.2017) an increase from
2016 from $284,281 =60%
Mark Scott (DEC. 2017) $184,287
Joseph Barnes (DEC. 2017)$162,217
This does NOT include the profit from selling shares and does not include amt's for other insiders and other board members -who received shares and
expense reimbursements
Total salary /compensation for the 3 listed members 2017 =$802,240
Has your value in the company stayed up with theirs ????
I wonder what the 2018 numbers will show ???? Not to mention the hidden bennies .
Good and appropriate -for the songster
Also Bob Dylan -A Hard rains gonna fall
I agree
Your right MH did not leave Yahoo and Microsoft to take a job at Growlife .He was LONG gone from Yahoo and Microsoft and was slung together with a FAILING company VISUALANT ,had his house in California foreclosed and another property in California foreclosed on ;and went through a divorce (moved to Seattle ). I have pity/respect for the personal trauma he went through ;but don't perpetuate the myth ,that he left those 2 companies to go to Growlife -he was let go . The courses he took at assorted Universities were weekend or week long continuing Ed.
He does know how to be a spin doctor and carry himself with an arrogance that promotes a following ;but it has NOT produced anything ,to date ,
that benefitted the stockholders, while he has benefitted from self enrichment.
If you wish -go back and track his true history ; it's very revealing
if you go deeper than the FLASH .
The only people who benefitted in this play ,have been the flippers and that is drying up-due to reduced flip ratios and general disgust in the actions of the company
I am a LONG LONG who has been stuck in this from the beginning ;hoping for a miracle and ready -at this point-to ride what's left to the end
Unfortunately ,that appears closer and closer. The one thing PHOT ha going is it's longevity ;but that also has it's negative side .
MORE AND
MORE PEOPLE HAVE SEEN MORE AND MORE ACTIONS OVER TIME ,that create distrust
Sorry about the typos in last post
There are so many restrictions in the risk LIST -it's hard to believe they have the balls to try to pull this off. You cannot sell these shares if
acquired until you RECEIVE DELIVERY OF THEM -physically .They state that this could be delayed and is up to THEIR sole dicretion when it is practicable (also non registered -how will you sell -NO AGENT)
During that tome period ;they have the right to hold your money in escrow
and you DO NOT collect INTEREST _THEY DO (6 million $ at 1.5% is $90,000)
They can hold your money as long as they want and then return it at THEIR discretion. They can cancel the deal and hold your money until forced to return it -if it still exists . Talk to the people who waited for the law
suit $ and what legal costs and time that amounted to
The money can be used at their discretion and may no longer exist upon liquidation -plus the preferred shareholders have liquidation rights above common stockholders.
With counting the obligations they have to present convertible warrant/debt
holders -there will be 5 billion O/S and they SAY they may have to further dilute to the 6 billion shares authorized.
After they hold your money and cancel the deal (they have the right )
They can also CANCEL the deal if price pps rises above .03 and pay you the BOOK VALUE for non exercised warrants .0001 @ .
There are SO MANY OTHER GAMES THET CAN PLAY -would take forever to list .
You have NO-NO NO NO rights They can use your money and cancel the deal
and make interest ;declare liquidation and you loose it ALL and they walk
(TO USE A PUN : SCOTT FREE ) READ THE RISKS AND BELIEVE WHAT YOU READ
HARD TO STOMACH AND TENDS TO THUS MAKE YOU REJECT ACCEPTING THE FACTS
AFTER ALL THE GAMES -THEY WILL REDUCE YOUR PURCHASE AT R/S 100/1
They also state that company can't be purchased without control satisfaction of DEBT and terms to DEBTORS(CHICAGO).
The debt holders don't give a RAT'S A about you.
True SOCIOPATHS feel NO guilt for their actions -they in fact think they are doing you a FAVOR ,to be part of their GRANDEUR .
The greatest insult with this stock offering comes after they have sucked in more cash and locked in the control dates . THEY THEN, ONE WEEK LATER,
WILL FURTHER REDUCE YOUR SHARE VALUE 100/1 R/S. THAT'S $10,000 reduced to
$100 ( the price per share would have to go to $1.11 to stay EVEN with
present level)or to put more clearly ? 1 million shares reduced to
10,000 shares . The outrageous amount you just paid for "THE DEAL"
was just made 100 times WORSE . The R/S vote is totally controlled
by the insiders by share volume and they are asking for further
increased control .
DEC.6 in Kirkland WA (Seattle )
Yahoo's final finance headline today :WEED STOCKS GO HAYWIRE .
Look at PHOT today : down 11+% and nearing the . triple digits .
MH can't hide in his hole any longer and pump out deceptive positive
tweets . As in the WIZARD OF OZ -you can't ignore the fraud man
behind the curtain
Does PHOT drop off of the OTC board after it drops below .01 or what happens -does it have a time factor to get back above the qualifying level
or is it put on watch ? What happens to listing ????