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If you want to post this WITHOUT MY CALL NAME and non traceable to me,
I DO NOT WANT THIS TO BE ON YAHOO WITHANY TRACE TO ME OR MY ACCOUNT >
TO MANY NUT JOBS ON YAHOO AND EXPOSURE TO REPERCUSSIONS
YES -the number of ways they can further screw you will be magnified ,
with no recourse -YOU'VE BEEN LEGALLY NOTIFIED
The company wants to give you the HONOR of you BUYING for CASH an
amount of shares equal to what you presently own at .012 pps.
That then gives you the ability to exercise the right to buy 1/2 that amount of shares at .018 and again 1/2 that amount of shares at .024
ALL the decisions to BUY the initial shares(CASH) must be by 10/12/18 and the additional(OPTION) shares must be done buy 11/12/18 . Those additional
shares will be UNREGISTERED (GOOD LUCK SELLING) and limited to when you
you can try to sell them . NO PERSON IS ALLOWED TO BUY ENOUGH SHARES TO
GAIN CONTROLING INTERESTS IN COMPANY. The company can then use the money
any way they desire (CORPRATE FUNCTIONING).
The OPEN MARKET IS AT .0126pps at present and likely to drop.
This share dilution would then potentially bring the O/S to approx.
4 BILLION (adds another 1 billion shares of dilution). The company then
asks at the annual meeting(12/18) for the ability to do a R/S of 100/1
and the ability to increase the # of shares they can GIVE AWAY(to whoever they want).
To simplify: Once they STEAL YOUR MONEY and give you worthless shares
at present market value and further DILUTE, they want to further reduce
your $$ holdings while they can increase THEIR holdings to make up for
R/S in their % of holdings and further increase their control and gifts
.The timing removes any rights or retribution you have and clearly
states that you can be screwed but notified.
This is craftily done in LEGALIZE .
TO PUT IN STREET METAPHOR : ONCE THE POLE IS UP YOUR A ,THEY CAN SPIN
IT
UNTIL IT REACHES YOUR THROAT
Totally agree with you . This is a DISGRACE AND INSULT AT EVERY
LEVEL . Total SCAM and money grab .
December -forgot exact date
Is PHOT going to drastically reduce the OFFICERS COMPENSATION AND BONUSES
in conjunction with any R/S? Are they going to reduce their EXPENSES (
OFFICER COMPENSATION )and make the companies receivables cover their operating expenses The acquisition of assets with stock grants can be
a positive step ;but not so when the OFFICERS keep putting their hands
in the cookie jar . If the stockholders are expected to bite the bullet
,to get through the rough periods -so should the corporate officers.
MH is presently making the highest SALARY of his career and has been.
WAY disproportionate to companies of comparable size .
It is part of their vote request/agenda for the next corporate annual
meeting
I sure hope MH has many cards he is not showing -and they are not at the
expense of his LONG HOLDERS -for his and insiders benefit only .
I am NOT optimistic about his intentions for us -only his buddies
You have mentioned .25 pps as an exit point for you . At the new R/S
position that would require a pps of $25. This company would require
a huge growth in actual revenue and reduction of debt to make a savvy
investor by this as a stable investment . There is an expression in
LA ------ Money talks Bullshit walks
Sure wish they could pull it off for the loyal longs ;but this appears
to be another grab for money given to MH and his buddies . He definitely
knows how to be SPIN DOCTOR
Food for thought!! If someone today at close owned 1 MILLION shares of
PHOT (closed at .01329 pps) that would have a value of $13,329
If PHOT R/S's at 100 to 1 as proposed, they would own 10,000 shares
and to stay even at $13,329 ; each share would have to be valued at
$1.329 in value (That's one dollar and thirty two .9 cents pps)
That's not a misplacemrnt of decimal . When investing one usually sets
buy/sell stops . Yes shares COULD go up in value from present levels
;but how long would it take and what is the NASDAQ requirement -I forget .isn't the requirement somewhere at $2-3 pps
Savy investors of NASDAQ will not be BS'd into purchases without a
MAJOR CHANGE in PHOT FINANCIALS . Not promises
This not a time to RELAX with this company -DD and history require you
actively keep them on course
The new WARRANT offering sounds like it will have limitations on when it
can be exercised ,thus putting your money in the dead zone ,while the
insiders would do whatever smoke and mirrors they wanted (while you hold)
UNREGISTERED STOCK as they get a no holds barred period to do what they
want
I am no authority on the legalities of how they can screw the longs and
get away with it ;but the pie in the sky BS positive spin is definitely
part of it . In an attempt to suggest one scenario ,as to how the R/S
and A/S can effect each other ?
The company presently has close to 3 billion A/S and are authorized
to sell /or give up to 6 billion (3 billion additional ) If they
R/S the 3 billion shares at 100 to 1 -that would reduce the A/S to
to 30 million A/S and the other 3 billion application can be dropped
( or sneakally still maintained for future sale ). The company would
then have reduced its' A/S to 30 million and still have the ability
to do what they want with present 3 billion cap. That would BS reduce the
A/S by 50% . The vote prospective #2 would increase their ability to
negotiate or GTFT 200 million shares (presently at 100 million ).
They are limited ,at present ,by requirement, to leave shares available
for these options and warrant calls. If the A/S were brought to 250 million
cap (200 mil + 30 mil+20 mil misc =that would give them the ability to
acquire things with stock options and still paying interest on
negotiated loans and GIFT themselves BONUSES (at higher levels )
to make up for INSIDER shares lost (?? would insiders get their bonus
shares at R/S or acquire at end of their option ?The new shares
could theoretically demand higher PPS (not historically happening with their record) THE COMPANY ,SUBSIDIARY companies etc and PHOT could
be sold at reduced $ ,(only acquire selected assets-that are protected
from common share holders)and screw all others on DEBT.The new shareholders would TOTALLY CONTROL the companies actions 200 mil/250 mil
80% and simple cobattle mmon stock holders would have no legal recourse ,other than long court battle at pennies for dollars (if lucky)
settlement. THIS COMPANY HAS REORGANIZED IN PAST (PHOTOTRON TO GROWLIFE)
AND THEY ALSO PURCHASE GREEN GRO LIMITED ASSETS. IN ANY CASE THIS
PAINTS A BLEAK PICTURE FOR LOYAL LONGS . LONG WAIT IF THINGS DO
GO WELL . CORPORATIONS COMMONLY DO REORGANIZATIONS AT THIS LEVEL
Sorry for the long scenario ;but it is a paranoia worth staying aware of
?
It seems the responses on this board ,other than you ,are overlooking
the request to allow compensation increase to 200 million shares.
This is an obvious way to reward themselves and any new investors they bring on board to the insider pack . If they R/S by the projected
range given (and that is part of the new share reduction # ,that would give away total control of the company (already bad ) to the new issued
shareholders- the 200 million shares would (at 100/1 = 6 billion div
by 100 =60 million ). That would create their ability to GIVE AWAY
200 MILLION SHARES on a reduced holders number of 60 million .More than 3X
the number of reduced equity shares . After they give themselves the
GIFT shares -they would essentially have the ability to SELL (through sale of shares)
the company
75% of new shareholders holding ownership and control -very convenient
for EXIT TO A MANAGEMENT POSITION and a screwing of the remaining
LONG holders. PLEASE COMMENT
MH has got the balls to spin this negative event into a positive scam .
They not only are trying to decrease the number of outstanding shares
(which could be retired and that would be good ). They are trying to do it
by creating a reverse split at a ???? ratio which would still leave
a huge number of outstanding shares from the artificial 6 billion
WATCH FOR THE DISPROPORTINATE RATIO"S _WHICH ARE NOT STATED IN THE
FILING . THEY are also trying to increase the number of incentive
BONUS shares -they can GIFT THEMSELVES ,to make up the difference
in their OWN pockets .
For those interested : READ THE EXPLANATIONS OF WARRANTS at INVESTOPEDIA
Helps to understand the presentation when/IF it occurs
Not when the transition to a division head results in a benefits paid package and the equivalent of a RETIREMENT PACKAGE (granted stock in a
stable .dividend providing company )
That's $6 million dollars not 6 million shares
Everyone keeps stating this next dilution trick as 6 mil shares and that adding to the already huge 2.93 billion outstanding shares . If I read this correctly ,they expect $6 mil $$$$ money if all shares and warrants are sold , That's far more than 6 million shares to reach that goal.
Sounds like they are scamming to reach the 6 billion shares that they got authorized to do at last shareholder meeting -and doing with no guarantee
to use that money for acquistions. More gifts for insiders before they
liquidate and take on jobs from prospective offers . IS THE PATENT
ON VERTICAL GROW COMPONENTS OWNED BY GROWLIFE OR THE SELECTED INSIDERS??
MH's previous patent acquisitions remained with HIM at other companies.
Future buyers don't want the HUGE DEBT -they want the process and those
who have access to the component parts . Growlife could easily
fall by the wayside and MH and his buddies move on to a NEW JOB at
high salaries as division director. I keep hearing about his dedication
to the company and the shareholders-is that just a stepping stone for himself
thanks again -sounds fishy -especially, who is selling shares (company or
private holders ) and what the money is being used for : very vague description in S1 ---management etc ,in addition to acquisitions .
What portion for each -this sale could be by insiders-they would still
make a considerable profit (got shares so heavily discounted and as bonuses
could also be in prep for sellout of company for CHEAP and they get
management jobs. WHO OWNS RECENT PATENT FILING ? company or individual.?
Thanks for the info -sounds like a money grab
what are the advantages vs disadvantages of warrants vs stock ?
Does this offering give present stockholders the ability to purchase
at this pps (.016 ) for a period of time regardless of future pps
and for HOW LONG ? I can't filter through all legalize to see how long you have to exercise this option ?
High # of outstanding shares and still continuing to dilute with no other
options to get money -to pay LARGE salaries . Huge DEBT. No results to date
on claims of innovative products( going back 4 +years )-history of nonproductive claims
History of distrustful activity while insiders profit on salaries and gifts to themselves. History of flippers paradise with no benefit for
LONG holders. The flips have become smaller and smaller and , to many ,
are NO longer worth the risk /exposure/dead money
To NEIGHT : Did you ever get a chance to check out the facility in your
area of Texas - Is it an empty warehouse ? ; does it have any signage
to show the company ?; Does it have the appearance of activity ? ;is there
staff present ? ;is anything actually happening there ?
Article in yahoo news today -Molsen Coors in talks with Canadian
Marijuana companies
Thanks
NEIGHT -did you ever get that chance to checkout the Growlife warehouse/research center near airport
"Sessions Admitted that their may be good cause for MEDICAL MJ and he was
for opening more centers growing MJ for Research studies "
Right now their is only 1 center in US ;presently there are 25 applicants
for developing research growth centers -that is a magnate for $$$$
and tax breaks -also all kinds of recognition for ? Patents and copyrights
I HOPE GROWLIFE will or has taken the steps to Advance their" TEXAS
RESEARCH CENTER " into this opportune moment -I mentioned this months ago
and HOPE this is where MH's thinking is going . It is an opportunity
to get their entire center Free Financed and their products established as the STANDARD for the industry
USA NEWSPAPER today's front page headline article "INDUSTRY GROWING LIKE
WEEDS " ; " $25 BILLION PROIECTED IN 2025 "
One critical revenue point will hopefully be reaches when the yearly revenue reaches the yearly operating expenses (including loan payments)
That will create the ability to renegotiate loans and less TOXIC warrants and share giveaway/conversion . The debt can be reduced -highly dependent on the govt freeing up the banking regulations and the ability of investors to safely invest their money ,with the "normal" tax advantages
and benefits. The debt presently keeps getting larger and larger.
Those trades and pattern has also been the low end sell price for each day.
A daily attempt to delay the reporting of low end sales and manipulate the pps
just testing to see if there is a problem with blog -no activity for 2 days?????
They have already made the association to plastics developed from plant waste and have a pat pend ,there are others in the same market ;but would be nice for Growlife to enter the disposal of waste for useful purposes.
Seems as though that is a direction they are trying to enter.
The makers of LEGO's announced (about 1 1/2 wks ago ) that they are switching all their production of plastics to PLANT based plastics.
They presently are using the residual from Sugar CANE ;but hemp/MJ
stalk (when available ) could be a huge source of additional plant fiber .
Growlife could potentially enter a huge additional market ,as a middleman broker on both sides of production /disposal.
I believe that he might have gotten shares for 1 month salary at a discounted rate (listed as .01 ) but possibly discounted to .008 .
So that was a substantial profit on his monthly salary -especially since he is in partial control of the manipulated pps by having insider info and
direct contact with the MMs
That was a $0 process on the company books- MH got those shares for $0
and sold on market through MM . The shares at today's close of .016
brought him a bonus profit of $40,000 . As long as there are shareholders getting shares as bonuses and at discounts -that will keep the price down
for those of us that buy at market price . It would be nice for him to hold as a long ,to instill confidence in the company and the hope that it
will grow . I'm referencing his Performance and the growth potential for shareholders. He is already PAID a salary completely out of proportion
for the size of GROWLIFE and it's revenue yearly ,amount of debt ,
and revenue stream .The company CEO should not be a flipper
Please see my post # 109756-I asked about this, to date , hidden sale.
Marco is at his usual smoke and mirrors routine -you would think that his annual income equivalent $233,000 would be ample salary for his performance
and the hype of " PERFORMANCE BASED" Bonuses . Next he will get a raise .
This sale of 2,500,000 shares is a bonus of $40,000 at a close of .016 pps
and also is questionable -for a company with such debt and non performance . WONDER WHAT THE YEAR END QTRLY WILL SHOW -Is he cashing in before next drop ?
They own squat so they can fly under the radar being under 5% .
And I agree that MH's announcements appear to be aimed at creating runups where THEY can sell shares and lure in more buyers of their holdings.
The only positive is acquisition of other resources (which maybe are
helpful for future growth and diversification )It would be nice to see these NEW acquisition finance records and their TRUE present MARKET SHARE.
And the uniqueness of these new patents
What happened to Marco's 2,500,000 reduction in held shares and Sterling Scott's 46,000,000 shares ? Certainly is not the image of investment in the company they like to project. Is Marco playing the FLIP with insider info and MM collaboration ?
Also -what happened to Marco's holdings -he was previously listed as holding more than 5,000,000 shares and now this NEW filing says
2,600,000 shares -DID HE SECRETLY DUMP 2,400,000 shares , under the radar,
on one of the waves . NOT good for PR, like he hypes about his purchases
showing confidence in company . Taking his cheaply acquired bonuses
as CASH ,while hidden from general public
What ever happened to all the shares that Sterling still had .
Sterling had more than 46,000,000 shares and was an insider -his shares and name never appear any longer -did he secretly dump the shares ?