GrowLife Inc (PHOT)

[Ablivious]

A/S in large lots can be sensible -

This is logical IMO. I don't know
all the nuances of shares-writing,
but here is my take on it:

When the CEO / Friendly Insiders have the controlling shares, they
can, and often do as they please in issuing and diluting shares.

PHOT is different. They do not have controlling interest in the shares. So, they need to put any desire to issue Authorized Shares to a vote of all the pieces of the ownership pie.

Also. /and/ since they need to call a vote, it is something that they do not want to do any more than they need to. Witness just what has begun on this board. It is disruptive. PHOT, being a 'forward looking company', wants get this messy A/S thing out of the way. Consider the A/S to be a kind of savings account, to be used as needed - a line of credit. And, WE, will be the future judges of how well they do with that.

They do not need, or if smart, wish to convert the A/S to O/S. It makes no good business sense. They will, however, use them for investment costs and general expenses, within reason.

Further, should a Merger / Acquisition come into play, PHOT may wish to have a stronger or controlling interest in the structuring of - again - whatever future endeavor. The A/S shares will be available for that, should PHOT consider it to be the need. (I am not well versed in this part, but I have heard of it).

All of this is my opinion and I count on this, in
part, as my DD, as best as I can rely on myself :)

~~ PHOT ~~