GrowLife Inc (PHOT)

[hokus pokus]

just floating this past blog . On 10/28/ 16 PHOT had shares converted at .0035 to pay a loan -those creditors are then able to sell those shares on the open market at a substantial profit and have no commitment to maintain
PHOT for the LONG term -causing further doubt in the company and also a drop in share value from increased doubt of PHOT survival and dilution
If PHOT would make an offering to PRESENT shareholders the remaining
1.5 Billion shares at .0045 PPS with a restriction as to how soon they could be sold(? 9 mos/1 yr) that would create $6,750,000 of operating cash
and create a trust that those investors are in it for the LONG haul. The present board and insiders would have to agree to restrictions on sale of their present HOLDINGS (That includes HUNT and S SCOTT ) (it would be nice if it was their shares sold to the pool also -creating more trust and decreasing their influence over voting block . The money of course would
have to be managed correctly ;but it would give a large positive boost to shareholders as to existence for 9-12 months -if they can't acquire things and make deals in 1 yr -it-s over anyway -legislation may be tough for more than that ;but where it's going should be apparent. The current monies are just servicing the debt -the added shares maybe can have a restriction as to how they can be used . ? legal semantics .If only
1 billion are sold ,the remaining 500 million could be locked into acquisitions ,not debt servicing -board members would not be able to BONUS or buy below this intial offering. The shares could be offered in
200000 blocks and limited by numbsr of blocks to the response of the common shareholders .
That would be $900 per block for 200,000 shares