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neverenough44

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neverenough44

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Thursday, 11/14/2013 8:59:03 PM

Thursday, November 14, 2013 8:59:03 PM

Post# of 120633
Just 4 months ago Sterling was guiding us to $1.8 million in Q3 revenue.

http://finance.yahoo.com/news/growlife-updates-guidance-projects-revenues-100000111.html

And what does he deliver? $1.3 million!

That is a miss of almost 30%.

He has to take a serious credibility hit here. Future projections are questionable at best.

Not to mention their net lost increased from $1.6 million last quarter to $1.8 million this quarter!

Also, with current liabilities $1.5 million and assets at 1.2 million be prepared for some serious dilution! That is with a current market cap at $60 million dollars!
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