GrowLife Inc (PHOT)

[Neight]

In the proxy statement they just released they talk about a shareholder meeting, electing board members etc etc but they are also asking us to vote in favor of raising the authorized shares from the current 3 billion to 6 billion.
Wording is always very important and the first few reasons they give is so they can pay salaries, insurance for the employees, stock incentives and oh yeah, for acquisitions and stuff.
I'll wait to see if this gets a little bump but then I'm out.
GLTA