2013 Annual Monday – Current and Future O/S S
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Posted On: 03/28/2014 9:28:34 AM
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2013 Annual Monday – Current and Future O/S
Starting point: Current Operating Shares (O/S) as of Q3 financials = 738.5M
Have to start here, as that is our most recent concrete info from the company. Monday, the O/S will likely be a little higher. Shares are issued for various reasons every quarter, and this is not abnormal especially in new/emerging companies who are not yet profitable.
This doesn’t mean business is bad… GrowLife has shown great quarter over quarter growth.
How many shares did GrowLife issue in the most recent quarter, Q3 2013?
PER THE NOV. 14 10Q - Common stock issued in Q3 2013 for services rendered was 1,214,295 shares.
7,857,141 shares were issued to acquire 4 stores - Rocky Mountain Hydro and Evergreen Garden Centers, valued at $275,000 (.035/share…incidentally, remember those days? Hard to believe PHOT stocks were under a nickel as recently as Summer 2013.)
http://yahoo.brand.edgar-online.com/DisplayFi...-13-000726
Takeaway : The shares used for acquisitions don’t bother me a bit, as they are being used to grow the business (healthy dilution) much like the CEN Bio deal was. Here, they purchased 4 stores and 2 websites.
Shares used for services rendered is dilution , and as a company not yet in the red (ongoing concern) this needs to occur to keep going. This is why companies issue stock… to raise money.
Approximately 1.2M shares in 3 months were issued for this.
Keep in mind that this $1.2M shares were sold with the PPS in Q3 in the .03-.04 range, and never exceeded .05 during thru quarter. PHOT would get ‘more bang for their buck’ if they sold shares in Q4, with the PPS ranging as high as .10 and consistently being in the .07-.09 range for much of the quarter.
The PPS rise would indicate that if PHOT needed to raise the same amount of money, they wouldn’t need to use 1.2M shares to get it.
Pure speculation to guess what PHOT did or needed in Q4, but perhaps this provides context.
Remember this data if bashers start screaming 'dilution' on Monday or Tuesday next week. They 'diluted' in Q3 and the PPS doubled in Q4.
TM
Starting point: Current Operating Shares (O/S) as of Q3 financials = 738.5M
Have to start here, as that is our most recent concrete info from the company. Monday, the O/S will likely be a little higher. Shares are issued for various reasons every quarter, and this is not abnormal especially in new/emerging companies who are not yet profitable.
This doesn’t mean business is bad… GrowLife has shown great quarter over quarter growth.
How many shares did GrowLife issue in the most recent quarter, Q3 2013?
PER THE NOV. 14 10Q - Common stock issued in Q3 2013 for services rendered was 1,214,295 shares.
7,857,141 shares were issued to acquire 4 stores - Rocky Mountain Hydro and Evergreen Garden Centers, valued at $275,000 (.035/share…incidentally, remember those days? Hard to believe PHOT stocks were under a nickel as recently as Summer 2013.)
http://yahoo.brand.edgar-online.com/DisplayFi...-13-000726
Takeaway : The shares used for acquisitions don’t bother me a bit, as they are being used to grow the business (healthy dilution) much like the CEN Bio deal was. Here, they purchased 4 stores and 2 websites.
Shares used for services rendered is dilution , and as a company not yet in the red (ongoing concern) this needs to occur to keep going. This is why companies issue stock… to raise money.
Approximately 1.2M shares in 3 months were issued for this.
Keep in mind that this $1.2M shares were sold with the PPS in Q3 in the .03-.04 range, and never exceeded .05 during thru quarter. PHOT would get ‘more bang for their buck’ if they sold shares in Q4, with the PPS ranging as high as .10 and consistently being in the .07-.09 range for much of the quarter.
The PPS rise would indicate that if PHOT needed to raise the same amount of money, they wouldn’t need to use 1.2M shares to get it.
Pure speculation to guess what PHOT did or needed in Q4, but perhaps this provides context.
Remember this data if bashers start screaming 'dilution' on Monday or Tuesday next week. They 'diluted' in Q3 and the PPS doubled in Q4.
TM
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