GrowLife Inc (PHOT)

[SingleFile]

Yes Hokus - it's a trying time while we wait. My wife and I sold our legal supply co. (private) to a very large public co. It took 3 months before the deal closed. While waiting on all of the due diligence (accounting/confirming our customer base etc.) we were not permitted to discuss any of it whatsoever. Our employees (about 30 at the time) did not even know we were planning a sale - the other co. had approached us out of the blue. Regardless, about 90 days later the deal closed, with most of our employees moving to the new company. There were many times I felt the deal was going south but some how managed to stay afloat - who knows what discussions are going on behind closed doors ? (accounting verification/employee retention/existing lease structure/inventory counts/supplier negotiations) - I could go on and on. Anyway, hang in there - and be prepared for it to fall apart, unfortunately it's the cost of doing business. MH may have another he is looking at - he's making moves to generate revenue - that is the only thing that can save PHOT in the short term - lots of long term ideas I posted here but the company needs "earned" revenue and fast. Lets see where we are come September 1 2016 - if we are still sitting with dead sails, then by all means complain.