Replies to post #99943 on GrowLife Inc (PHOT)

[instatilt]

JJ--Read this

The Company anticipates that it will record losses from operations for the foreseeable future. As of June 30, 2016, our accumulated deficit was $117,980,410. The Company has experienced recurring operating losses and negative operating cash flows since inception, and has financed its working capital requirements during this period primarily through the recurring issuance of convertible notes payable and advances from a related party. The audit report prepared by our independent registered public accounting firm relating to our financial statements for the year ended December 31, 2015 and filed with the SEC on April 14, 2016 includes an explanatory paragraph expressing the substantial doubt about our ability to continue as a going concern.

Continuation of the Company as a going concern is dependent upon obtaining additional working capital. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

Do you know how many "Cubes" they need to sell to keep this going?

I see BR in the future

[Neight]

I think it's time to buy more or get in while you can. You were correct the other day when you said it was as low as it was going to get. The price now is still a fantastic entry point or a great place to average down. I will be buying more next week to average down even more and wait for this to make its run.
GLTA
$PHOT

[hokus pokus]

All of what you state about the future of MJ and indoor culltivation is true and is the original reason why most of us got involved with PHOT. The problem is whether this company will be around for all those expectations . They scammed in the beginning and now seem to only be in existance to pay bloated salaries and gift shares for cash and personal benefits which will play out with
ups and downs until after NOV . MH 's contract extends to DEC. When
he can EXIT and say again "I don't quit" The problem is he isn't
quiting for personal gain and has done nothing for shareholders' NO
expansion of sales or market share during increased MJ growth ;Increased debt relative to size ;reduced MARKET EXPOSURE ; further dilution -all while periodically making statements about the future of MJ and indoor growth -;but nothing to show a position of leadership in this growth . LIP SERVICE to everyone hanging ;while the company has been sold out to people who can make a fast profit on the ups and downs and appear to have NO interest in LONG . It's time for MH
to produce -not just tell everyone to cool it . The insiders buying shares at greatly discounted $ is not for interest in LONG -it's an
opportunity to make cash on the UPS and DOWNS . They don't come under all the diclosures of insiders -they are under a different fee structure and can remain somewhat under the immediate radar.