Posted On: 04/04/2014 12:28:20 PM
Post# of 56323
Correct we get: "GrowLife will issue to designated CEN Biotech shareholders a total of 235,294,118 shares of restricted GrowLife common stock."
"the equivalent of $40 million at $0.17 per share" - means nothing in that paragraph. they are just valuing them at the time of the agreement.
235,294,118 is the equivalent of $588,235,295 at $2.50 per share
we get the shares, not $40 million. the risk there is that PHOT could have gone to $.08 a share too and Bill would have lost money on the deal
"the equivalent of $40 million at $0.17 per share" - means nothing in that paragraph. they are just valuing them at the time of the agreement.
235,294,118 is the equivalent of $588,235,295 at $2.50 per share
we get the shares, not $40 million. the risk there is that PHOT could have gone to $.08 a share too and Bill would have lost money on the deal
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