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Tuesday, April 15, 2014 4:41:07 PM
Did Robert Hunt sell a portion of his share ownership in GrowLife?
Yes. Management team member Robert Hunt sold a portion of his ownership in a manner that was known to the company and fully reported. Mr. Hunt sold his hydroponic store business to GrowLife last year where a large payment was in stock, which carries significant tax consequences. It is normal business practice for such obligations to be addressed by selling a portion of the acquired stock in a regulated manner. Mr. Hunt rightly sold a portion of his shares in the limited time available to senior management is decidedly ordinary and normal. We are not aware of any allegation that Mr. Hunt's stock sales were improper.
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