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Re: GVInvestments post# 143792

Friday, 08/22/2014 8:38:26 PM

Friday, August 22, 2014 8:38:26 PM

Post# of 146837
When information like this is posted I like to take a closer look to see if the facts support the statement. Note, at least PHOT filed their financials unlike SKTO!

You posted:

Another fellow mj company that was suspended but who is just like us is still in business. This prooves that the sec made a few Big Mistakes sending mj stocks to the greys.The sec needs to man up and admit there mistakes. Not only did they mes up with Pho_ but they also mest up with us.

Unfortunately, the facts don't support your post.

PHOT Price at time of suspension 0.050 - today 0.07 - down 86% - And the volume is down 94%.

If you had read the filings from PHOT you would have found the following that was filed on August 18: The company is getting more debt and more convertible notes that will lead to dilution.

Now, let's look at the 10-K filed 08/19.

Here is one example of the convertible notes:

Conversion of Debenture by Logic Works LLC On July 3, 2014, Logic Works, a Holder of the Company’s 7% Convertible Notes Payable, converted $250,000 of principal into 35,714,286 shares of the Company’s common stock at a per share conversion price of $0.007.

That is a very favorable conversion rate ($0.007).

At todays price that is a profit of $2,250,000 from $250,000 - PHOT is giving the company away.

But here is the kicker:

Net loss for the six months ended June 30, 2014 was $52,242,000 as compared to a net loss of $2,800,000 for the six months ended June 30, 2013

PHOT lost $52 million in the first 6 months of 2014.

PHOT has been decimated by convertible notes.

IG


It's easier to fool people than to convince them that they have been fooled