GrowLife Inc (PHOT)

[moneym8ker]

No doubt!

A 200% increase in the A/S would be insanely harmful.

Look down the road and see what having a 3 BILLION Share Count company would do to EPS figures.

A penny per share in net EPS would be nearly IMPOSSIBLE given their revenue history.

The near term projection for face value post the 200% increase in shares?

Between $0.02 and $0.04.

Look... Small/Micro cap companies often use shares for liquidity and wiggle room...
Nothing wrong with that... But come on?!? A 200% increase with loose promises that they won't have to do it again is lunacy in action and carelessness towards shareholders and forces the full burden of the financial pains on the common shareholders.

I love PHOT. I've only owned them for about a month and sold my two long positions, one in the $0.40's (bought at $0.09) and one at $0.27 (a quick trade bought at $0.21) and I love the space... That said, this A/S increase is absurd and it places the full burden on the existing shareholder.