GrowLife Inc (PHOT)

[hokus pokus]

s8;form4 -yes they are technical requirements ;but the facts are that these insiders are getting bonuses in the form of options .They are not restricted from selling these shares and thus converting to CASH. The company is not receiving cash -just using this as a way to reward the insiders . Did they earn this bonus through productivity ? (the Q MAY ?
show the results of their involvement or it may be too early in the process to be disclosed in this Q . The FACT is these options increase the
Number of outstanding shares and because they are acquired so cheap (in most cases) they will NOT be LONG -rather converted to personal cash
acquiring sales when the next wave comes in . They will be able to do this again when next bonus GIFT comes around. The company CANNOT use this as
a way to convert to cash ;but it is using the convertible warrants as a means of getting cash -to date ,this cash has been used to pay salaries
Only recently it has been used to acquire patents and structures .
Hopefully those acquisitions will produce an expanding , more financially
stable company -which has hung on and well positioned itself as the MJ
industry expands . ONLY TIME WILL TELL : BUT let's not KID ourselves -the corporate board is paying itself AS IT GOES and not just into the
Philosophical goal of expanding MJ . The flippers will dominate for a long time to come -there are a lot of O/S out there and more to come.
Dilution is PRESENTLY the only means of financing they use .