GrowLife Inc (PHOT)

[GEO928]

Investor100.....I don't think I'd come to the same conclusion:

This is a big step that they took. It shows they are in it for the long haul.

You seem to construe or spin this as some wonderful step taken by the company....

I'd say it's a last ditch desperate attempt to get financing.....

before you and other "believers" and stoners fly off the handle....THINK.....

AGREED, some of the financing difficulty is due to the economic environment.....

but, no one issues convertibles unless they are desperate for money.....convertibles are POTENTIALLY the most damaging instrument a company can offer.....

PHOT has now put itself in a dangerous position and they MUST perform.....

they are now staring at a "double edged sword"....if they perform....we'll be cheering.....if they screw up and dilute too much.....they will screw themselves and us.....they have now stepped onto the "tight-rope"....let's hope they get across.

ps: I'll bet you guessed wrong about who the investor might be....I don't know....but, I'll bet you it isn't a bank or fund....my money says it's a private angel financing pig/predator.