A Comeback Story: GrowLife Inc. President Marco Hegyi Sees A Bright Future Ahead

Summary:

1. Parties agree on settlement
2. GrowLife anticipates that a Joint Motion for Court Approval, regarding all litigation, will be filed within 45 days.
3. GrowLife's Halt- Before and After.
4. Cash Update, Dilution Questions, Record sales in 2014; 1 million square feet of operations.
5. GrowLife's new president is a former Yahoo! and Microsoft technology executive.

An Update on the litigation process:

February 9th, 2015

FORM 8-K

"The parties continued settlement discussions through the New Year, and reached an agreement on a mediator's proposal by the first week of February of 2015 to resolve all litigation. On February 9, 2015, the parties filed a Joint Notice of Proposed Settlement with the Court presiding over the Consolidated Class Action. The parties expect that a Joint Motion for Court Approval of the Proposed Class Action settlement will be filed in the Romero Action, which will resolve both.. (lawsuits). The company anticipates that the Motions for Court Approval of the Proposed Class Action Settlement will be filed within the next 45 days."

Just in case you didn't feel like reading that, I'll sum it up for you. GrowLife (OTC:PHOT) management have been working very hard to finish the litigation process as quickly as possible, in order to move back 100% of their focus to making profit.

• A settlement agreement was reached between the parties in the first week of February of 2015.
• A settlement proposal was filed with the court on February 9th, 2015.
• GrowLife expects a joint motion for court approval of the settlement to be filed within 45 days. At that point, the court will view the filings and make their decision.

We believe that GrowLife will come out of the litigation unscathed. The fact of the matter is that we know now know who the culprits are. GrowLife Inc. itself will likely have little to no money to pay, relative to Sterling Scott and other active manipulators. However, we know this situation is inherently bad for GrowLife. Those settlement numbers will be big news.

Before the halt:

1. August 2013- GrowLife's stock experienced tremendous growth.
2. March 17, 2014- Hits high of $0.78
3. March 27, 2014- "You thin[k] GrowLife has been kosher?" Adam Liebross asked his uncle, David Weiner. "Yes but get out the day [y]ou can," responded Weiner-- a Los Angeles penny-stock financier who was involved with the reverse merger which created GrowLife.

After the halt:

1. Presumably before April 9th, 2014 text messages were sent by the "insiders" These are allegedly the text messages that sparked the SEC Pot…