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Sunday, January 19, 2014 11:26:32 AM
K.. has no clue what hes talking about. The GIFT program is only a part of what the company is doing. He has in his mind that if the A/S increase passes that there just going to dump all those shares on the market and dilute the hell out of it. THAT IS NOT WHAT WILL HAPPEN!!! They want to have the shares available. that's all. So when they run across a deal that they want to take advantage of they can go over it with the board along side the CANX investors and if all party's agree that the deal is worth pursuing they can get the capital.
I think its a great deal and i think it protects the investors like us. if PHOT wants to pursue something the CANX investors have to approve the deal as well. we give them the shares they give us the capital. CANX isn't going to allow thier money to be used on a bad deal that will decrees share price.. there getting shares in exchange for there money. and CANX has restriction on how and when they can sell any of those shares. so even if a large deal is done and they receive a large block of shares those wont hit the market for quite some time.
Do you want to invest into a small limited company or one that want to go stake out the largest claim they can in this new industry.?? growlife will remain a very small company without the CANX deal!
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