Or, preferred shares are another asset to buy and acquire things. To me, that seems to be the only thing they have done with any shares so far.
I'm not doom and gloom. I'm not a cheerleader either.
I just found something new (to me) in the assets GrowLife has.
What if OGI and the 2 seats they have on the BOD line their pockets? They might. What if those 2 seats vote to use them to acquire more assets for OGI and therefore reach the required levels of revenue to trigger the shares owed under the JV? They might.
One of the above is positive dilution. So far, it's the only example I have of how GrowLife does business. That said, I believe in the company.
It's always a risk. Especially in this sector, in the OTC's. I'm taking a calculated risk here by investing.
GLTU
TM
See my bold titled posts for short summaries of all GrowLife's (PHOT's) recent PR's and 8k filings