GrowLife Inc (PHOT)

[PRmaniac]

Will PHOT be around in mid-2017? It will take at least that long to get legal rolling in any state that passes in November. PHOT has already proven that they can only lose money.

Looks like they are already not paying their bills, and had only $20K in cash left, at last report. THEY HAVE ALMOST $1.5 MILLION IN JUST ACCCOUNTS PAYABLE (LIABILITIES)


They spent $922,550 just to bring in $261,853, during the last reported quarter. That is $10,251 per day spent to bring in $2,909/day in revenue......and sales are getting much worse for PHOT.