Replies to post #98548 on GrowLife Inc (PHOT)

[PRmaniac]

PHOT loses money on everything it has done, since inception.

I suppose they will make up for it with more volume of losses?

They pledged all PHOT assets in one loan, and are now in default on that loan.

Since they have little money, it looks like they may have to liquidate everything to pay their debts.

[Neight]

This has me stumped:

If all stock option grant, warrant and contingent shares are issued, approximately 1.883 billion of our currently authorized 3 billion shares of common stock will be issued and outstanding.


I recall being told these shares were needed for mergers and acquisitions, none of which have materialized. All of a sudden, 1.883 billion shares could be issued and outstanding???

I've been a big supporter of PHOT but unless they show the shareholders something then they are only left to guess and that is usually not happy thoughts.

GLTA