<<<<<<I had no idea GrowLife had 10M blank check preferred shares at their disposal.>>>>>>>
Nor did I. Which begs the question again of whether or not the increase in the A/S was necessary. If my math is correct they had 1B of A/S and if the preferred was equivalent to 100 common shares that would amount to about 2B shares prior to the A/S.
To your point, they now have a blank check for 10M preferred and 1.5B in A/S.
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