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I think investors are selling off today because of the news of the call being rescheduled from tonight to tomorrow night.
But I'm holding my shares and just picked up a few more today.
There could be a legitimate reason for the rescheduling, and not necessarily a nefarious one.
Perhaps DP tied one on last night from too much celebrating because of the great numbers he was going to report, but woke up this morning feeling like he was run over by a truck and decided to take the day off.
Seriously not too likely, but ya never know!
The way I look at it Terra Tech will report decent numbers. They might not meet everyone's expectations. And of course there will be negatives in the report and on the call, there always are. And some investors tend to focus on only negative content and ignore anything good. So a selloff wouldn't surprise me even if the report meets or beats my expectations. But I have fresh powder in my TD Ameritrade account and I plan to capitalize on other people's fear should that be the case.
That blows that they rescheduled the earnings call for tomorrow. Oh well, such is life.
Yep, it's certainly been like trying to catch a falling knife as long as I owned it anyway. But even though my fingers are all sliced up and bleeding profusely and my hands are slippery, I'll be damned if I don't catch it!
Perhaps I'm already damned and living in hell but don't know it. But why is my wife and kids down here too?
I'm hoping for tonight after the market closes or at least sometimes tomorrow. Last year they reported on March 14th.
Then first quarter 2018 hopefully by or before May 14th. Last year they reported 1st QTR on May 12th, but that falls on a Saturday this year.
To sum up what Verges was saying is this:
"I can sell my crap to poor undeveloped countries because the average citizens there don't know what good is. "Good" is a relative term, and they don't have anything "good" to compare my crap to. So even my crap looks good to them."
So Verges figures he has better odds of peddling his wares to them instead of people in the United States.
But even with his 18 companies, I don't think Verges ever sold a tangible thing in his life. He's a walking talking con man scam artist who's wasting the air we all breathe.
There is a special place in hell reserved for that animal. I can't really call him a man.
LMAO! That rap is friggin hilarious!!!
I owned this piece of shit too back in the day, but was able to sell it all (at a loss of course).
It wasn't bad enough that I also owned shares of his POS China Crescent Enterprises. In fact I still have the 600+ thousand shares in my brokerage account. The shares are worthless. Oh wait, the stock price went up 9,900% today and closed at $0.0001 so they're worth $60 (if I could trade them). The prior closing price was $0.000001 lol.
He should be. Or maybe he's dead. Who knows? I bought this POS China Crescent Enterprises (CCTR) back in Feb 2011. I fell for all his hype and BS back then. But I didn't get burned too badly. I bought 602,600 shares for around $670. The worthless shares still show in my broker account. Looks like there were 13 trades today and 1.3M volume. Certainly no one is buying this sh!t?
Same here brother.
I think TRTCD is a winner. I'm also interested in that island you have for sale.
It really could be. Perhaps even sooner.
I agree brother.
"TRTC remains a decent gamble in spite of "shady" past use of toxic financing."
If Terra Tech keeps expanding as fast as they are that money will go fast. So I wouldn't be surprised to see more dilution even with that loan.
But I don't mind. They want to be a #1 player in this space, and I think they will be. It takes money to make money. I'm happy that they're putting in the infrastructure now to support the huge demand that we all know coming.
The companies without the proper infrastructure in place to support the growing demand will drop like flies, they won't be able to compete with Terra Tech.
My opinions.
I'm hoping he will tell us tomorrow when they report (if they report then that is).
I'm looking to see more improvement in debt reduction. Curious as to revenues and expenses too.
I'm still expecting their expenses to far exceed their revenues though. It will take at least a couple/few more quarters for Netlayer to gain traction and momentum. Hopefully though, that happens before the OS is maxed to AS again lol.
I'm with you! Good post! You seem to reason rationally. I member marked you for that :)
Not very liquid is it?
To da moon Alice! To da moon!
Some people just don't get it, do they?
I'm buying more cheap shares on the dips. Thank you to all the non believers in this company ;)
1 billion shares authorized pre reverse split is still 1 billion shares authorized post reverse split of 1:15.
AS stays the same, only the OS decreased 1 for 15.
Actually, a 13% guaranteed return isn't that great for that type of capital investment. Most investors won't bother investing in a company unless they can get a minimum return of 20%.
The terms that TRTC got on this deal are actually quite good. Much better than I had anticipated. I know what "toxic" financing looks like. This isn't very toxic in my opinion. You're being overly dramatic Kevin.
I think bailing out now would be foolish. Eventually all the toxic notes will be converted and the downward spiral in share price will stop. Then a reversal should be in order.
I still keep looking at ICLD's market cap. 2 million bucks?! Come on! What that tells me is that all investors but me have given up hope and have already priced Intercloud as going bankrupt.
I don't think they are. Would Computer Associates get involved with them if they are? I'm sure CA did their DD on Intercloud before becoming involved with them.
I'm holding what shares I have. I think they'll report on Thursday. Will be interesting to see where they're at in terms of debt, revenues, etc..
I agree. I'm not expecting much in sales when they report this time. But I'm looking for improved revenue numbers going forward each time they report. I think we'll see it with all ViaDerma currently has in the pipeline.
If it's a real audit then in my opinion it will have that information.
I'm not selling my shares. And I plan to keep accumulating shares of POTN on any significant dips.
People are being distracted by the block chain news and losing focus that this company is still growing revenues hands over fists.
The share price will take care of itself.
Regardless, very interesting times ahead for Terra Tech. I'm comfortable being long with my position in TRTC.
My advise to others; don't let the daily volatility get to you. If you did your DD before you bought remember why you bought TRTC in the first place. And only sell if the reasons no longer hold true.
That's my philosophy anyway :)
Best of luck to you.
I need to see the terms of this loan. If toxic, the lender is more or less assured against sustaining a loss regardless of how TRTC performs.
Never say never! EOM
TRTC's reasons for the split (my guess is it's for option 3 below) however, I hope DP will clarify during the upcoming conference call:
The Board recommends granting it authority for one or more reverse stock splits for the following reasons:
1) The Board believes that a reverse stock split is the most effective means of increasing the per-share market price of our Common Stock in order to satisfy certain quantitative standards for it to become listed on a securities exchange;
2) The Board believes that a higher per-share market price of our Common Stock could encourage greater investor interest in us and promote greater liquidity for our stockholders; and
3) The Board believes that a reverse stock split is advisable to maintain our financing and capital-raising ability and better position us to continue and/or expand our operations.
I have on a few occasions and the market more often than not reacts unfavorably to a RS.
In my opinion though, should a sell-off occur I plan to add to my position on any significant dip. In the bigger picture (long term), I believe Terra Tech will be a winner.
One would assume... if DP is a man of his words. However, in my opinion that's a big IF.
The AS will stay the same.
You are 100% correct! No other options for TRTC at this time if they wish to stay in business.
I'm not bashing TRTC. In fact, I own Terra Tech shares as a long term investment. And I rarely hold OTC stocks as an investment. I think they have huge potential. They're putting in the infrastructure now to capitalize big time when MJ becomes legal at the federal level. I think it's just a matter of when, not if. If I have to wait 5 years or more so be it. But it will happen. And when it does TRTC will be a winner!
My opinions.
No, they had 1B shares authorized and the OS was around 980M when they did that 1:100 RS. After the RS the AS stayed the same but the OS dropped to around 10M shares. Now the OS is already over 12M shares.
But they had to RS to keep from going into default with their note holders. Well I guess they could have increased the AS instead. The insiders there hold over 50% of the voting rights so they could have authorized an increase to the AS without a vote by the shareholders.
Toxic debt is a horrible thing. But small companies with bad balance sheets can't get conventional bank financing so they are pretty much without options if they wish to remain in business as they try to become profitable.
And as you are aware with TRTC, they can't get conventional financing either as MJ is illegal at the federal level.
No doubt ICLD(D) stock is volatile. Those who can't stomach it have no business holding shares of it or any other OTC/Pink stock for that matter.
I plan to hold a core position of Intercloud but also swing trade along the way to take advantage of the volatility. I prefer stocks with a high Beta. Non volatile stocks bore me to tears lol.
I respectfully disagree with your opinion Emma. On the share price anyway.
In my opinion ICLDD will not trade down 90% or down to $0.02 within 30 days of today. Not going to happen.
I believe they report this week. I'm hoping to see improved debt reduction and an improved burn rate. I'm not expecting to see all the toxic debt gone or positive cash flow. But I'm hoping to see positive progression towards that. If I don't see that I'll dump this stock and never look back.
In my opinion, Netlayer and their partnership with Computer Associates could be the catalyst this stock needs. I hope to be able to hold on to my shares to see how that develops.
Good luck to you.
Then I'm stupid right there with you! I bought back in at $0.28 after the split. I must enjoy pain lol.
I don't know though, I think we'll have our day. I'm holding for it anyway.
ICLDD's market cap around $2.5M. I still say it's way undervalued, unless they ARE closing shop as some here think. Me? I don't think so. But I'm not always right either.
I'm thinking about picking up some RXM? shares today just to stop the incredible tear it's been on. I thought about buying it when it was at $0.0185 on January 11th but thought it was too pricey because it was trading below a penny just 4 months prior. I wanted it to pull back to around a penny first but it never did. Today it traded over $0.26. So I'm seriously considering buying 50 bucks worth of it today just to bring it crashing back down to it's knees because I'm pissed I went with the wrong stock. And I have that kind of power. I have the Midas touch in reverse.
Agreed. There's a chance the SP won't drop after a R/S. In fact, another penny stock that I own recently R/S 1 for 100, and on the day of the split the SP actually went up over 33%. I have to admit, I was not expecting that. Of course 2 weeks after the split the price has since dropped 50%. But there was an opportunity where I could have cashed out at a nice profit, had I acted on that opportunity lol.
More often than not though, the SP of a company will pull back after a reverse split. So I'm just playing those odds ;)
Yep, they won't be able to keep this down forever. Share price will improve with quarter over quarter revenue growth. It's on the horizon. Just need to be patient and not let the daily volatility get to you. I plan to add more on any significant dips. I'm in at $0.0105. A lot more upside from here than downside in my opinion.
I plan to keep the shares I bought today for at least a year. The way I look at it, Viaderma just started selling their first product last November. All the prior years was for product development, etc..
In my opinion, to give up on them now would be the worst possible time. When this decides to start moving up, the upward momentum will be powerful.
All my opinions of course. Good luck to all the longs.
Perhaps. But even if the drop is short lived I think I will have the opportunity to get in at a lower price if this reverse splits.
I still plan to hold on to the shares I own for at least a year. I think TRTC has a lot of promise longer term. Just a little leery of adding to my position at this time with the share structure the way it is.
No doubt! Huge I tell you!
Lol tell me about it! She's the reason I was such a fan of the show. And you're right, she's holding up extremely well for being 71.
Looking forward to it brother and the adult beverages will be on me!