Grow Solutions Holdings Inc (GRSO)

[Fivespeedchatter]

Whatever happens it will be short lived.

“For the nine months ended September 30, 2020, the Company has incurred a net loss of $1,277,104. The working capital deficit, stockholders’ deficit and accumulated deficit was $8,603,357, $8,586,658, and $15,979,261, respectively, at September 30, 2020. The Company has received a default notice on its payment obligations under the senior secured credit facility agreement (see Note 4), defaulted on its other pre-merger debt and has received demands for payment of past due amounts from creditors, consultants and service providers. It is management’s opinion that these matters raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issuance date of this report. The ability of the Company to continue as a going concern is dependent upon management’s ability to implement a new business plan, raise additional capital as needed from the sales of stock or debt or find a partner to merge with. The Company has been implementing cost containment measures and restructuring or setting up payment plans with vendors and is working to restructure its secured obligations. The accompanying consolidated financial statements do not include any adjustments that might be required should the Company be unable to continue as a going concern.“

They lose money like crazy.

They printed/diluted 1.5 billion shares since Dec 2019.

This run is to pay for the CEO chad’s 90k bonus...

“Specifically, the officers are entitled to:
CEO – will receive a bonus of $90,000, monthly cash salary of $22,000 and $15,000 in common stock; and
The President of the operating divisions – will receive a bonus of $90,000, monthly salary of CDN$ 14,000 and $4,000 in common stock.”


Both quotes form latest Q

https://backend.otcmarkets.com/otcapi/company/financial-report/263386/content

Look out below