Replies to post #86508 on GrowLife Inc (PHOT)

[Egnar]

Sorry to say but it's just gunna go lower on Monday. Glad it opened in the range it did. Was able to get out at my break even. Not that it matters as they were all free shares but even IF this did realist there would be a lot of time and effort and TRUST into bringing the pps back up - time and money better spent on a different investment

[lesgetrich]

PHOT has 800 million OS while FITX has 3.4 billion. PHOT rode to $.50+ pps on the promise of a revenue stream from the FITX deal. Where's the revenue going to come from to justify $.20/share. That is the question everyone here should be asking. Right now I don't see it. That's not to say that it can't happen or that PHOT is dead, only that right now the potential earning per share is not enough to justify the current price. At 20 x earnings they would have to generate $80 million in profit to make $.01/share.

I'm not trying to bash but I sold PHOT about a month ago because I couldn't see where they'd make enough revenue to justify the price.

[ID Supermoney]

Please read on 7% note!!

Per the terms of the 7% Note, the original principal balance is $750,000

under this 7% Note, the Company’s failure to issue shares of its common stock in connection with a conversion of this 7% Note, the Company’s or any subsidiary’s breach of any provision of any agreement providing for indebtedness of the Company or such subsidiary in an amount exceeding $100,000, the common stock of the Company being suspended or delisted from trading on the Over the Counter Bulletin Board (the “Primary Market”) market and the OTCQB, the Company losing its status as “DTC Eligible” or the Company becoming late or delinquent in its filing requirements with the Securities and Exchange Commission. Upon any such acceleration of this 7% Note, the Company shall be obligated to pay an amount equal to the greater of (i) one hundred and twenty percent (120%) of the outstanding principal of this 7% Note (plus all accrued but unpaid interest) and (ii) the product of (a) the highest closing price for the Company’s common stock for the five (5) days on which the Primary Market is open for business immediately preceding such acceleration and (b) a fraction, the numerator of which is the outstanding principal of this 7% Note, and the denominator of which is the applicable conversion price as of the date of determination.

The conversion price for the period of time from the date of this 7% Note through and including September 30, 2014 is the lesser of (a) $0.025 per share and

$750,000.00 at conversion of $0.025 a share is = 30 million shares and that does not include interest!! x 120% = 36 million plus say another 4-6 million more shares for interest is now about 40 million shares!!


And only 100 million shares traded on Friday!!


MM's or someone holding PPS up for these guys to unload!!!


Watch out this will fall fast!!

GLTA


ID

[simbai]

How do you go from one end of the spectrum (sterling is a scumbag who is about to get arrested) to the other end of the spectrum (growlife 2.0 is the best thing since sliced bread) ????