Growlife: Derivative Liabilities, High Dilution And Possible Bankruptcy
- PHOT's cash reserve is dangerously low compared to its current net loss.
- Derivative liabilities are non-cash liabilities, which have only caused dilution so far.
- PHOT needs to find additional capital to remain operational, or it could face bankruptcy.
- PHOT's current share count is over 3x its 2012 outstanding shares.
- Another 319M shares could be exercised, causing more dilution.