Grow Capital Inc. (GRWC)

[Alan Brochstein]

Wow! This David Tobias piece of crap is worse than I had expected.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11682560

Q1 sales fell from a year ago and were just $29K. That's less than $10K a month. The company had a big loss and burned cash ($377K). These bozos are essentially bankrupt - not surprising there. Just $24K in the bank at 9/30 and $1.5mm in liabilities due within a year. No surprise here: Huge dilution ahead.

It already started - $0.25 per share. Bend over!

On March 28, 2016 the Company entered into a transaction with Tangiers Global, LLC. In exchange for $90,000 cash net of fees, the Company issued a convertible promissory note in the amount of $100,000. The Note had a maturity date of six (6) months from the date of issue and interest at 10% per annum. On October 11, 2016 the Company received a Notice of Conversion for $50,000. A total of 200,000 shares were Issued to Tangiers Global, LLC in payment of one half on the debt owed.

David Tobias is bad news for investors - he has never built any value for any of the silly penny stocks with which he is associated.