Replies to post #65870 on GrowLife Inc (fka PHOT)

[G3trich]

Why would a company raising money by going public hurt only PHOT and no other company? for every company that goes public, there will be several that will not go public. The market is there for GIFT, and the market will only keep expanding as other states come on line.

[doubleeagle]

What if CEN bio did an IPO? Ever think of that senerio?

[badillac]

I read that one of the 9 companies that is already licensed to grow is going to do an IPO. If that happens they could end up eating PHOT/FITX for lunch. Think about it they are already licensed and growing.

They could do an initial IPO with say 300M shares. Each share could sell for $1 and their market cap would be less than FITX’s or PHOT’s. That would give them $300M right out of the gate to build and expand their business. Nor would they be bloated like a couple of companies that have over 1b - 3B shares issued.

If one does it and is successful you can bet the other 8 and any others that are granted a license will do the same thing.