Tuesday, November 01, 2016 12:48:17 PM
Is this positive or negative thing?
http://friscofastball.com/2016/10/28/noteworthy-form-d-filing-growlife-160000-fundraising-marco-hegyi-published-oct-28-form-d/
I'm questioning this part of the article.
"The reason for the financing was: On 10-21-2016: (1) 4,000,000 Common shares at $.01 per share issued to Ciabattoni Living Trust; (2) 2,000,000 Common shares at $.01 per share issued to Jeff Giarraputo; (3) 10,000,000 Common shares at $.01 per share issued to Mark Scott."
If the funds were raised to expand the business then I can see it as a positive thing but to give shares...??? I probably don't understand ins-and-outs of the business to really comprehend this event but if anyone knows the general reason for this kind of action, can you explain it and put my mind at ease?
Recent PHOT News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:10:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:37:01 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 02/02/2024 09:22:33 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 07/19/2023 08:43:46 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/19/2023 01:36:57 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM