GrowLife Inc (PHOT)

[@WolfofWeedST]

I'm sorry but this statement is pretty one dimensional if you read the 8k properly or understood the convertible note and timeframe implications on A/S...

"Sterling Scott has indefinitely suspended his ability to convert on the notes he holds (loans to the company). This is related to pending increase in the Authorized share-count. It essentially buys them time. By Sterling saying he can't convert, they don't trip the A/S on that 140mm warrant plus the new convert.

This transaction is a positive for investors as it adds legitimacy to PHOT and demonstrates Sterlings dedication to the company. He's not selling shares, he hasn't sold shares, he's not pumping it up just to sell and make some bus fare. Its a long term play. A/S is going up, we knew that 2 weeks ago, this isnt a bad thing. If you look at MJN^ when they did a similar move dilution wise they had their greatest run over those months.

Saying this is a "death spiral" is really irresponsible for newer investors and completely unethical in terms of misinformation. If a poster on here has an opinion by all means share it, but share it in 3D not 2D as there are many moving parts and variables. tunnel vision is a killer in information.