GrowLife Inc (PHOT)

[dude iligence]

Todays news is all BS CANX was formed 14 days ago. Read the BS pr

CANX will provide GrowLife with immediate funding of $1,300,000 to support an initial GIFT program transaction with additional funding up to $40,000,000 to be provided under the terms of the JV. CANX has also agreed to provide $1,000,000 in immediate growth capital funding to GrowLife under the terms of a convertible note offering.

company is only 14days old ROTFALMAO

http://www.bizapedia.com/nv/CANX-USA-LLC.html


up to 40mil means that was a nice round number we pulled out of our arse doesn't mean we will ever do it or get it. But what is important is 1 mil funding under convertibles. So with the float approx 600mil and the AS 1 bil they have an additional 400mil shares to dump on the niave newbie bagholders. Take that 2.3 mil funding do the math and 2.3 mil bucks divided by 400mil shares is about 5.7 cents per share. This pig don't have enough horsepower left in it to get 5.7 cents on another 400mil shares.

Geez Don't the clowns running these dilution pigs ever give anything the sniff test. Garbage PR Garbage company