Posted On: 03/18/2014 7:42:22 PM
Post# of 56324
Re: TedWilliamsHead #6647
We are not "designated shareholders"
If you guys think we are seeing the money your crazy..
PHOT will issue more shares upon FITX license, this will dilute PHOT's outstanding shares. The stock/money is going to the "designated shareholders" 'AKA FITX Management' so they will have the capital to pull this project off.
Simple terms:
(PHOT increases shares.. shares go to FITX.. FITX sells shares... FITX has more capital... PHOT shares get diluted)
In return, FITX will use PHOT growing equipment exclusively and PHOT now owns 25% of FITX. (This is not all of the agrement since there is a gag order.. we do not know all the details, but we will once the shares are issued)
If you guys think we are seeing the money your crazy..
PHOT will issue more shares upon FITX license, this will dilute PHOT's outstanding shares. The stock/money is going to the "designated shareholders" 'AKA FITX Management' so they will have the capital to pull this project off.
Simple terms:
(PHOT increases shares.. shares go to FITX.. FITX sells shares... FITX has more capital... PHOT shares get diluted)
In return, FITX will use PHOT growing equipment exclusively and PHOT now owns 25% of FITX. (This is not all of the agrement since there is a gag order.. we do not know all the details, but we will once the shares are issued)
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