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WOW thats a new take mags....pretty strong opinion. But why not keep the stores and still distribute the product to 60 other NV stores. They will have the money to survive things being tight...so giving up your assets is not the answer to me.
I would love to see an itemized line for line report on the expenses....
Why does everyone gang up on Magnum....and btw -->Lose lol
He just reads the financials and brings up financial facts about the company. Everyone on here gets so threatened by him, because the truth about TRTC bothers us all as investors.
I think everyone gets upset, because they can't dispute the facts.
There is only so far you can go -> calling someone names in response to his informative posts based off company history and financial filings, until you yourself look like the fool!
You should be concerned about all of your investments, and most of all-> learn to break down the financials line by line, and read about the companies industry, operations, and future business.
No One on this tiny board makes the slightest impact on the Price Per Share lol Be serious now lolI
This is just one of a few places to discuss or vent about a stock.
I mean lets face it.. March 2018 after Nevada going recreational for almost a year, and California going recreational into its third month. A Price Per Share of .25 is pretty pathetic.
So now add on to that a maxed out 1 billion Outstanding Share count and Active Toxic Financing ---> Along with expenses > revenue
It doesn't matter if they have open dispensaries. What matters is the financials. If they are good and show progress--> the Price Per Share goes up.
I think the expenses can be taken down easy by the company. I believe the expense number is padded to be high because of what they would have to pay in taxes in the current climate. None of my MJ stocks that are growing companies show a good expense number..period.
Now the big question on the board...is how will Derek Peterson move forward with funding the current growth phase of TRTC, when there are no shares left to dilute or use in toxic financing ?
I think we would all like for him to be able to use revenue.
But i do not see them doing that , because dilution has served them well and is what brought them to the big dance. It is free money for them.
It has also destroyed shareholders worth in the company.
Will he consolidate? Maybe 5 to 1 -Which i think is great for longs. It allows them to still hold a decent amount of share, clean up the books, and grow the PPS with the revenue/financials which will start to look better quarter by quarter.
As we all know from his previous dealings. Derek Peterson can be very creative. So it will be very interesting to see what he will say during his state of the union address in a few weeks. He is either going to rally the troops and answer real questions or just ignore everything and have a cheerleading call.
He has done both in the past...
Should be interesting
First of all Derek said he would only entertain consolidating if it meant up-listing to a bigger exchange or if there was someone who wanted to buy into or buy TRTC-> and they preferred to have the numbers cleaned up before hand.
But now we are at a situation where the OS count is maxed out at 1 billion shares, and lets face it the toxic financing deals are not on good terms from a share holder point of view.
So the problem at hand is --> How do they pay their bills and expand if the free ATM machine ( our common shares) is running dry?
Me personally...i would like a 5 to 1 reverse split which would take our os count down to 197 million OS
That would increase the PPS, and allow them to up-list soon after.
The PPS would skyrocket to Canadian levels as our revenue increases and expenses decrease.
I would also love for the dilution to end...and have legit banking ...but that may take awhile.
So i think the 2018 revenue guidance and the 4th quarter report will tell us where they might be heading.
Clearly reverse splitting would be the easiest and most used financial tool companies at this stage have used in the past. But maybe TRTC will be more creative?
Derek Peterson needs a state of the union address to rally the troops with a NON FLUFF FLUFF rah rah conference call. He needs to answer these questions that his shareholders fight about everyday.
How is the pps .21 cents now? Only thing i can think is some kind of news has been leaked?
Maybe the numbers will not meet the expected for 4th quarter expectations?
Maybe consolidation is upcoming?
Maybe a merger?
Why is TRTC so radio silent ? This is the most pivotal time in the companies history.
They are at a financial crossroads with the 1 billion OS count maxed out--->where whatever direction they decide to take---> will effect shareholders bigtime.
With 6 dispensaries, edible gardens, ivxx, grow facility, 38 million in revenue in 2017(hopefully)and NJ grow facility about to change seeds
This should be a happy time for TRTC and its shareholders?
GREED GREED GREED GREED Destroys everything good.
It was just a week ago i was complaining about the .289 pps and the dilution, toxic financing ,and expenses higher than revenue.
ALL YOU GUYS COULD DO WAS ATTACK ME LOL LIKE I MADE UP THE FINANCIAL MESS!
The 4th quarter numbers have not even come out yet, and the pps has declined from .60-->.21 ?
Derek Peterson, Amy Almsteier ,Michael Nahass, and Salwa Ibrahim are laughing all the way to the bank.
I don't know what to say anymore.. I mean we gave Derek Peterson the money to build a company , and run it honest and responsibly. Here we are 4 years later after Nevada and California have gone recreational. We are sitting at .22 price per share and still dropping !
I think he doesn't care because he sold 90% of the worthless common shares. I do not see a way out of this...Derek Peterson, Amy Almsteier ,Michael Nahass, and Salwa Ibrahim are laughing all the way to the bank.
I mean where is his conscious ? ....i just can't wait to see how Derek Peterson tries to spin another year of dilution/toxic financing and failing pps on the conference call.
I mean there is no way out of this mess...for shareholders... Just like MAGS posts break down and show.
Even with $100,00,000 is revenues plus costs and expenses--> they would barely break even.
I hope someone living ins CA leans into that fast talking smirking ceo.... He just stole millions of dollars from hard working people.... .22 pps going into march 2018 ? really?
Guys we are 1 bad week away from .08 pps!
Alright lets turn a new leaf today and be positive and focus on the 4 th quarter revenue and what i am really curious to find out...The 2018 revenue guidance!! I would like to see what they predict 1 full year of Nevada sales would bring in....I am not sure they can ball park California yet, because they still have dispensaries to open, and do not know what the volume will be to estimate...they need metrics
Derek Peterson if you read this..... THE NEXT CONFERENCE CALL NEEDS TO BE YOUR STATE OF THE UNION ADDRESS !!!
YOU TOLD US ON OVER 2 YEARS AGO.....WHEN THE PPS WAS DILUTED DOWN TO ALMOST ZERO
"GUYS GIVE ME 2 YEARS....JUST WAIT" WELL ITS BEEN OVER 2 YEARS AND THE PPS IS .249 AND THE OS COUNT IS MAXED AT 1 BILLION, AND FOR SOME REASON WITH ALL THE REVENUE YOU HAVE COMING IN NOW AND A SHORTAGE ON SHARES YOU GUYS RECENTLY DID TOXIC FINANCING FOR PENNIES ON THE DOLLAR?
Derek needs to address things like....
- Talk about the unsatisfied shareholders and dilution
- talk about the bad hires on the board of directors and why
- talk about the share count and consolidation options
- talk about any mergers lol
Now i know half of that shat he may be legally not able to talk about, but he has a way of speaking indirectly and telling you something ..as in the past.
I just think its time for a real conversation with the shareholders..no fluff
Things look really bad for us at .249
You know what....All i want is this company to do well for its shareholders and we all stop arguing.
Like is said earlier
If the price per share was performing and holding value. I would be happy and be a champion for this company.
But it is not performing, and we all know the reasons why...well most of the reasons why.
I think the focus should be 4th quarter earnings, 2018 revenue guidance, and real answers to hotly debated topics.
Derek Peterson needs to rally the troops....
TRTC Insiders are like our government-> they get the people right and left fighting with each other--> all the while changing policy that suits them rather than the people they should be watching out for!!!!!!!!
Derek needs a state of the union address....
- Talk about the unsatisfied shareholders and dilution
- talk about the bad hires on the board of directors and why
- talk about the share count and consolidation options
- talk about any mergers lol
Now i know half of that shat he may be legally not able to talk about, but he has a way of speaking indirectly and telling you something ..as in the past.
I just think its time for a real conversation with the shareholders..no fluff
Things look really bad for us at .249
Lets be serious for a second...I am a long time share holder , and own a lot of shares...
If the price per share was performing and holding value. I would be happy and be a champion for this company.
But it is not performing, and we all know the reasons why...well most of the reasons why.
I think the focus should be 4th quarter earnings, 2018 revenue guidance, and real answers to hotly debated topics.
Derek Peterson needs to rally the troops....its like government-> they get the people right and left fighting with each other--> all the while changing policy that suits them rather than the people they should be watching out for!!!!!!!!
Derek needs a state of the union address....
- Talk about the unsatisfied shareholders and dilution
- talk about the bad hires on the board of directors and why
- talk about the share count and consolidation options
- talk about any mergers lol
Now i know half of that shat he may be legally not able to talk about, but he has a way of speaking indirectly and telling you something ..as in the past.
I just think its time for a real conversation with the shareholders..no fluff
Things look really bad for us at .249
PLEASE STOP THE DEBATES ABOUT SCOTTS, KUSH, MICROSOFT ...ECT....
WE NEED TO FOCUSS OUR ATTENTION TO THE 4TH QUARTER REVENUE AND 2018 FINANCIAL GUIDANCE
WE NEED A STATE OF THE UNION ADDRESS FROM DEREK PETERSON
HE NEEDS TO ANSWER THE TOUGH QUESTIONS AND RALLY THE TROOPS, BECAUSE THINGS ARE BAD RIGHT NOW. AT LEAST FOR THE SHARE HOLDERS.
WE GAVE HIM THE 2 YEARS HE ASKED FOR ON THE CONFERENCE CALL
IT HAS PASSED..... AND WE ARE IN BAD SHAPE PPS WISE.
WE CAN ALL AGREE .249 PPS IS A DISGRACE AND A SLAP IN THE FACE.
Everything you just copied and pasted and explained for the newbies is exactly why this company is so frustrating. It is why we all get so angry with Derek Peterson and the insider enrichment gang.
If they were less greedy and took the mindset of this is our company and we are in it for the long haul.
A few different moves and the shareholders would be on the same page as them and praise the company everywhere they could.
But they keep working against longevity and shareholders interests, and only feed their own greed.
I mean the assets are there....the growth has been good for the last 2 years.
It just seems they could care less about shareholders wealth, because they are waiting to sell out to the biggest bidder. If thats the case who cares about shareholders. Like Derek said " if someone wanted to buy in or buy trtc, and they wanted us to clean things up we would"
Meaning he would consolidate the numbers and reset things for the new owners.
I am not blind of where TRTC's journey has taken them. From a dream of "pics and axes" mentality in supplying the tools of the mj trade to get in the market--> to the edible gardens to generate revenue until a move can be made in Lv--> to buddying up with NV senators son and getting permits --> Buying Blum OAK--->Trying to gain permits and market share in CA--> switch seeds in NJ
Thats takes hard work, time, and money. i get it
But lets face it ...IHMO a lot of the money generated from selling 1 billon shares strategically, toxic fins , and lets not forget revenue has been filtered back into their pockets.
I am not saying they do not deserve a great salary and even a very nice bonus every year...but usually companies in the growth phase tend to be little more conservative.
As of today there should be no need to dilute shares anymore period! The revenue is there now.
If i was to be honest...i think half the expenses are fake and are declared for tax purposes.
Derek Peterson's next conference call should be a state of the union address!
He should answer the tough questions....and unite shareholders.
I can't wait to see the 4th quarter numbers and the 2018 revenue guidance, along with answers to the questions we debate on here daily.
To me its a make or break moment....He needs to rally the troops and make this call real, and not a homecoming rally.
In the event that a publicly listed company declares bankruptcy, the company's shareholders may be entitled to a portion of the liquidated assets, depending on which shares they hold and how much liquid assets are left over. ... Upon bankruptcy, a firm will be required to sell all of its assets and pay off all debts.Nov 27, 2017
How would this benefit Derek Peterson? i assume they have to use the money to pay off debt not put it in their pockets
SO what happens to the stock and shareholders if Derek Peterson does a corporate bankruptcy?
I am not informed on that, and do not feel like researching.
Has anyone owned a stock and this has happened?
Wow does anyone think Alan was brought aboard to set a corporate bankruptcy for Derek?
Create a way for the insiders to walk away with all the assets and screw the shareholders?
I mean Derek Peterson hired Michael James to dilute the company down to .24
and sell off 1 billion shares...
That was Michael James speciality at NRTI which ended with a .001 share price
I do not know what to believe anymore..things are so shady with this company
Remember people price per share means everything. When the price per share tanks for 3 years straight...usually the ceo gets fired or its a insider enrichment company.
Potential does not pay the bills after 3 years of non stop highway robbery.
This company never looked worse .249 cents per share is disgraceful Derek Peterson!
AFTER NEVEDA HAS BEEN RECREATIONAL FOR ALMOST A YEAR?
AFTER CALIFORNIA HAS BEEN RECREATIONAL FOR 3 MONTHS ?
THE PPS IS .249 AND STRUGGLING TO HOLD THAT
ITS FUNNY I REMEMBER ALL THE MENTAL MIDGETS WHO HAVE NO INTELLECT LOL
SAYING " ERRRR WAIT TILL NEVEDA GOES REC " LOL
" NNNOOO I KNOW I AM WHAT ARE YOU UGHHH--> WAIT TILL CALIFORNIA GOES REC"
WELL HERE WE ARE AT .249
SEE YA MONDAY....IF YOU SEE DEREK PETERSON ...SLAP THE SMIRK OFF HIS FACE PLEASE LOL
One could say to keep promoting a sinking ship everyday is criminal and mind bending.
To promote and clap for a fluff piece that diverts peoples attention while they continue to dilute and toxic finance the same week is drinking the cool aid
I tend to look at the financial numbers...history tells no lies
Maxed out -> 1 billion shares,
Expenses always higher then revenue
Expenses never itemized on the report
Still doing toxic financing for pennies on the dollar
And of course the PPS dropping 55% since ->California went recreational and Nevada being recreational coming on 1 year.
Just look at this from an outsiders perspective , and not a fan of TRTC
Would you be happy with this company and your investment?
lol i agree lol i Just ignore it lol
I was warned to be nice to people on the forum, and i respect the admins.
Every bar has the one drunk at the end talking jibberish
Whats crazy is i saw the insider enrichment show with NRTI... i actually lost 200 bucks lol
Michael James CFO of TRTC formerly CEO of NRTI
He diluted the pps down to .0001 and never had a product lol
TRTC CFO Michael James exposed for blatant fraud with his fake Nulief launch while also CEO of $NRTI. He does a partnership deal w/Derek Peterson and runs $NRTI into the ground and ends up selling all $NRTI assets to $TRTC thru a LLC company that was created 4 weeks prior to selling the assets via this backdoor deal, leaving $NRTI shareholders with absolutely nothing, as he quietly exits back to TRTC without a peep. Then he is handsomely rewarded with tons of TRTC shares as bonus shortly thereafter for his debauchery tactics to quietly steal NRTI's assets out from under shareholders and secretly selling them to TRTC at a huge discount before anyone was aware of it. They buried the whole transaction in a 10K without saying a word. During a Q&A session, Peterson was asked about it, but glazed over it without addressing what actually took place regarding this deal.
NRTI CEO & TRTC CFO, Michael James screwed over every NRTI shareholder with his BLATANT FRAUD behind the Nulief CBD launch, where they never manufactured any real product or ever sold it in any dispensary, despite saying so in Press releases and interviews. Ever since then, he has been selling his TRTC bonus shares, that Derek rewarded him for this great deed to enrich TRTC, at the expense of the NRTI shareholders.
ANYONE dumb enough to invest a single cent into this company that is run by a management team with these kinds of principles, needs to have their heads examined! Right now they are once again selling insider shares by the groves, driving the share price into the ground, without any regard for shareholders! These gutter rats are making millions and millions of dollars every year by screwing over shareholders! The worst part is, despite all the SEC complaints filed, the SEC does nothing! All they reply with is an article explaining the dangers of investing in MJ companies. So in other words, if you are an otc company in the MJ business, as the CEO you are free to launch a FAKE Nulief CBD product and get away with it and steal all the assets away from one mj company and sell them to another one where you also hold a CFO position!
Michael James left a paper trail a mile wide on his blatant fraud, but yet the SEC looks the other way and does nothing to investigate the matter.
Should i even Get into Amy Almsteier ,Michael Nahass, and Salwa Ibrahim ? OR the recent board member they had to fire because of his SEC violations?
They are laughing all the way to the bank.
Newbies do not be fooled by todays volume. Flippers prob believe this is the bottom, because of the low volume the past 2 days combined with the PPS.
There is no real push going on except the 3 to 4 times a year you can flip this stock for a few pennies leading up to quarter report.
Be careful, because it usually comes right back down hard and lower, so they can reload.
Lets hope the 4th quarter blows away the 3rd quarter... if not.this may hit the teens.
Man who would have thought after Nevada has been recreational for almost 1 year and California is recreational for almost 3 months.
The Price per share would drop 55% since earlier in the year, and could drop to the teens if the numbers are not good.
Newbies unless your a flipper 3 times or so a year. stay clear of this company. The financials look really bad, and the price per share has dropped by 55% since early 2018.
This is not a good sign...you do not want your money trapped in this insider enrichment company for a year.
They just keep recycling the con over and over for 3 years now.
You want to wait until the clean the finances up and consolidate.
They have no where to go now...that they are almost maxed out 1 billion shares sold.
They can just let run this way for 2 years and collect that cash or consolidate to bring in new deeper investors at a higher price...
wait on the sidelines for now
Derek Peterson is making money hand over fist lol His company is almost sold out of the 1 billion shares outstanding. He was able to get in another toxic finance deal for pennies on the dollar a few weeks ago.
He is making > $250,000 a day....As well as to make dam sure he expenses out >$250,000 a day lol
This company is dead in the water for common share holders. It has no where to run...
Derek Person can just let things move at a slow pace and ignore shareholders, maybe throw them a small scrap here and there.
ALL THE WHILE COLLECTING ALL THAT CASH COMING INTO THE COMPANY.
THE CASH COW ASSETS ARE IN PLACE...HE DOES NOT NEED SHAREHOLDERS ANYMORE.
UNTIL THEY DECIDE TO CONSOLIDATE...WHICH THEY DO NOT HAVE TO...THEY CAN JUST GROW A LITTLE BIGGER AND WAIT FOR THE FEDS TO RESCHEDULE AND SELL TO THE HIGHEST BIDDER.
THAT WAS THE GAME PLAN ALL ALONG ANYWAY...ACCORDING TO DEREK.
SAD STATE OF AFFAIRS GOING ON NOW
I know lol These people will sit on this dead forum and talk about a new article or picture, but ignore that the Price Per Share has been methodically tanking for weeks lol This is leading up to 4th quarter results lol hmmmmm
They ignore the the financialS-LIKE 1 billion maxed out shares and new toxic financing thats active, along with expenses that out weigh revenue.
Hence a price per share tanking ..currently at .249 lol
Ignorance is bliss...
I know lol "WAIT TILL 2020" LOL
AGAIN THE PPS IS .249 IN SOON TO BE MARCH 2018 AFTER THE HOLY GRAIL "CALIFORNIA GOING REC LIVE"
ANDDD NEVADA GOING ON 1 YEAR RECREATIONAL LIVE ..LOL
I KNOW WAIT TILL 2020 LOL
ITS AMAZING HOW THESE SAME 10 PEOPLE DESPERATELY TRY TO PROTECT THIS INSIDER ENRICHMENT COMPANY....LOL
If you are new to this stock. You should know that "POTENTIAL " is a word that has been floating around for 4 years...and yet the Price per share is struggling to hold .249 per share lol
Now they have maxed out the outstanding shares to 1 billion and have 750 million on the float.
Along side of that this company has never shown profit and continues as of a couple of weeks ago to take on toxic financing for pennies on the dollar.
Where has the > 200 million dollars gone? lol hmmmm 1 billion shares sold is a lot of money
I would say 45 million dollars would be a very very very generous real cost of doing business to this point.....
I know what it cost to do build outs lol
I am getting of topic
DO not invest in this company until it consolidates and cleans up its numbers. Thats when the next level of investors will come out and play...because they understand financial reports.
Noww if u wanna flip the stock for pennies 2 maybe 3 times a year...go for it
Long term this is a cancer until it consolidates...even then they are just resetting the scheme to higher hands
New investors should take into consideration the current financials and past history of this company and its insiders.
IMHO there is a reason why no one trusts the leadership in this company.
History and a Price Per Share dropping .249 tells no lies.
This is not a stock to buy until it consolidates its numbers. With the OS count almost maxed out at 1 billion shares and then still having toxic fins out there.... add on to that the expenses out weigh the revenue
stay away for now.... best be on the sidelines
But what has been bothering me more is the morals of the board of directors.
It seems imho Derek Peterson found an excuse to change his name to cover up criminal past.
Derek Peterson's employment history, from Broker Check
Peterson's file has only one disclosure event: he was fired by Morgan Stanley Smith Barney in December 2010 because, as he says, "I was managing an outside business in the agricultural industry and did not disclose it to my broker dealer." On 11 June, he complained at length to a Small Cap Voice interviewer about recent criticism of the company and himself.
One question that had been raised was his at least occasional use of the last name "Oppedisano." He pointed out that his surname is Peterson, and always had been, but that before he was born, his father had changed his own name from Oppedisano to Peterson. Derek is, he says, "in the process" of changing his name to Oppedisano, so that his children can have "some sort of understanding of their heritage." How long does it take to change a name? Four years?
Interestingly, he was using Oppedisano back in 2010, when he failed to disclose his "outside business" to Morgan Stanley. As far as can be known, he hasn't used it since. The SCV interviewer didn't press him about any of this; but then they're promoters, and it's their job to agree with the CEOs who pay them.
Peterson's wife Amy Almsteier, a former interior designer, is also involved with Terra Tech. In addition to being a 37 percent owner of the company, she serves as secretary, treasurer and director. TRTC does have a CFO as well, Michael James. Another director, Michael Nahass, is a registered rep. According to Broker Check, he, like Peterson, worked for Morgan Stanley a few years ago; perhaps the two met there. Nahass is currently employed by Arque Capital Ltd., an Arizona company with an office in Irvine, California.
Nahass and Peterson have something else in common: both declared bankruptcy not long ago; Nahass in 2011, evidently as a result of gambling debts, and Peterson in 2012, for other reasons.
Michael James CFO of TRTC formerly CEO of NRTI
$TRTC CFO Michael James exposed for blatant fraud with his fake Nulief launch while also CEO of $NRTI. He does a partnership deal w/Derek Peterson and runs $NRTI into the ground and ends up selling all $NRTI assets to $TRTC thru a LLC company that was created 4 weeks prior to selling the assets via this backdoor deal, leaving $NRTI shareholders with absolutely nothing, as he quietly exits back to TRTC without a peep. Then he is handsomely rewarded with tons of TRTC shares as bonus shortly thereafter for his debauchery tactics to quietly steal NRTI's assets out from under shareholders and secretly selling them to TRTC at a huge discount before anyone was aware of it. They buried the whole transaction in a 10K without saying a word. During a Q&A session, Peterson was asked about it, but glazed over it without addressing what actually took place regarding this deal.
NRTI CEO & TRTC CFO, Michael James screwed over every NRTI shareholder with his BLATANT FRAUD behind the Nulief CBD launch, where they never manufactured any real product or ever sold it in any dispensary, despite saying so in Press releases and interviews. Ever since then, he has been selling his TRTC bonus shares, that Derek rewarded him for this great deed to enrich TRTC, at the expense of the NRTI shareholders.
ANYONE dumb enough to invest a single cent into this company that is run by a management team with these kinds of principles, needs to have their heads examined! Right now they are once again selling insider shares by the groves, driving the share price into the ground, without any regard for shareholders! These gutter rats are making millions and millions of dollars every year by screwing over shareholders! The worst part is, despite all the SEC complaints filed, the SEC does nothing! All they reply with is an article explaining the dangers of investing in MJ companies. So in other words, if you are an otc company in the MJ business, as the CEO you are free to launch a FAKE Nulief CBD product and get away with it and steal all the assets away from one mj company and sell them to another one where you also hold a CFO position!
Michael James left a paper trail a mile wide on his blatant fraud, but yet the SEC looks the other way and does nothing to investigate the matter.
Should i even Get into Amy Almsteier ,Michael Nahass, and Salwa Ibrahim ? OR the recent board member they had to fire because of his SEC violations?
They are laughing all the way to the bank.
Is everyone just going to ignore the pps tanking even further little by little toward the teens lol
Who cares about potential or another open shop..lol The PPS is .249 !!!
It does not matter how many dispensaries are open....there is a reason the Price Per Share is .249
New investors should also take into consideration the current financials and past history of this company and its insiders before throwing their money away.
This is why the PPS is so low and there is no interest aside from flippers.
After 4 years of dilution and toxic fins....and expenses greater than the revenue
DO your own due diligence. DO not just listen to me, or the 1 line paid promotors.
Read the finanicals and look into the history of the company.
THE NUMBERS DO NOT LIE, NOR DOES THE PAST HISTORY OF THIS COMPANY. IT IS ALL PUBLIC KNOWLEDGE.
It is true they diluted 500 million shares in the last year or so..
They now have close to 1 billion shares outstanding? and only 88 million left before they consolidate and reset the whole insider enrichment scheme that they all created when working together at the brokerage company?
The pps is .249 steamrolling into March 2018 ? This is 1 year after the holy grail day of NV going recreational live and going on 3 months of CA going recreational live. Which is a joke lol
Up until 3 weeks ago THESE INSIDERS WERE STILL TRYING TO DILUTE AND TOXIC FINANCE. THIS IS PROOF THEY DO NOT HAVE SHARE HOLDERS INTERESTS AT HEART AGAIN FOR 2018 ...THATS 4 YEARS IN A ROW. WHEN THEY ARE MAKING MILLIONS OF DOLLARS. THEY WANT EVERYTHING PEOPLE...
Look at the financials and it all points to enrich insiders only .249 pps tells no lies
This why the pps has been in the dumps for almost 4 years - These are signs of management not giving a rats behind about shareholders...hence the now 1 billion OS count maxed out
To get an inside look at TRTC’s reckless dalliance with convertible notes, go no further than its quarterly reports. Its 10-Q for the quarter ended June 30, 2017, notes that “during the six months ended June 30, 2017, senior secured convertible promissory notes and accrued interest in the amount of $8,839,084 were converted into 50,710,473 shares of common stock.”
How bad is the impact of TRTC’s convertible note addiction on common shareholders? The table below, which illustrates the rate at which outstanding shares have increased over the past five years, answers this question.
Year TRTC shares outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
As of December 11th 2017 903.17 million
Shares outstanding nearing authorized shares of 990 million
In five years, TRTC’s shares outstanding have increased more than tenfold and are now inching dangerously close to its authorized shares of 990 million. This means that going forward there is very limited room for TRTC’s debt holders to convert their debt into new shares. This heightens the prospect that TRTC may default on its debt. In case this happens, shareholders will be first to lose as debt owners will foreclose on the assets. This is the benefit of being a debt holder as opposed to being a shareholder. Debt holders usually have the first claim on a company’s assets in the event of foreclosure.
SO basically making > $250,000 a day and diluting 1 billion shares along with continued toxic financing to anyone willing to give them money for our worthless shares for pennies on the dollar.
THIS IS TH biggest insider enrichment scheme around.
People on this forum keep turning a blind eye to everything
Derek Peterson, Amy Almsteier ,Michael Nahass, and Salwa Ibrahim are laughing all the way to the bank.
Sure lol The Price Per share is prob gonna hit .249 tomorrow.
I know wait till 2020.....we will all be eating crow lol
The only way TRTC will ever break and hold >$1 is if it reverse splits
Because they squandered all of our shareholders worth by diluting 1 billion shares
It doesn't help that they are not profitable lol
Trust me when i say if TRTC made 100 million dollars... They will show 101 million in expenses lol
Thats how greedy insider enrichment schemes work...... The tools of the trade are dilution, toxic fins, high expenses, and a front man that sings and dances and side steps it all by putting out bait and switch news
for example...to take peoples mind and anger off all the shares they sold in the last 8 weeks
They put out a fluff news report of Derek locking his shares for a few moths and then other insiders as well......Thats great after they sold off all of these shares below lol
They did a misdirect on you guys...and you fell for it. You actually praised them for lowering your investment value lol
Oh btw they usually sell their shares 2 times a year in big amounts ...so the lock is over by i think Nov and Dec. Just in time to sell again lol
SEC Transactions
TRANS DATE FILER OWNERSHIP TYPE PRICE SHARES
01/26/2018 ROSS STEVEN J
Director Direct Sell 0.3411 110,721
01/24/2018 NAHASS MICHAEL
Officer Direct Sell 0.349 480,000
01/23/2018 NAHASS MICHAEL
Officer Direct Sell 0.324 200,000
01/17/2018 NAHASS MICHAEL
Officer Direct Acquisition (Non Open Market) 0.33 64,599
01/17/2018 JAMES MICHAEL C
Officer Direct Acquisition (Non Open Market) 0.33 64,599
01/17/2018 PETERSON DEREK
Officer Direct Acquisition (Non Open Market) 0.33 93,669
01/17/2018 VANDEVREDE KEN
Officer Direct Acquisition (Non Open Market) 0.33 64,599
01/02/2018 ROSS STEVEN J
Director Direct Sell 0.4501 110,000
01/02/2018 NAHASS MICHAEL
Officer Direct Sell 0.478 330,000
12/18/2017 PETERSON DEREK
Officer Indirect Sell 0.2444 516,000
12/15/2017 PETERSON DEREK
Officer Indirect Sell 0.2476 100,000
12/15/2017 PETERSON DEREK
Officer Direct Sell 0.246 701,000
12/13/2017 PETERSON DEREK
Officer Direct Sell 0.26 422,500
12/12/2017 PETERSON DEREK
Officer Direct Sell 0.274 177,500
12/12/2017 VANDEVREDE KEN
Officer Direct Sell 0.2383 600,000
12/12/2017 NAHASS MICHAEL
Officer Direct Sell 0.293 170,000
12/11/2017 NAHASS MICHAEL
Officer Direct Sell 0.2752 400,000
12/04/2017 PETERSON DEREK
Officer Direct Sell 0.19 1,000,000
12/04/2017 GLADSTONE ALAN DAVID
Director Direct Buy 0.19 1,000,000
10/06/2017 PETERSON DEREK
Officer Indirect Sell 0.2145 22,700
12/15/2017 PETERSON DEREK
Officer Indirect Sell 0.2476 100,000
12/15/2017 PETERSON DEREK
Officer Direct Sell 0.246 701,000
12/13/2017 PETERSON DEREK
Officer Direct Sell 0.26 422,500
12/12/2017 PETERSON DEREK
Officer Direct Sell 0.274 177,500
12/12/2017 VANDEVREDE KEN
Officer Direct Sell 0.2383 600,000
12/12/2017 NAHASS MICHAEL
Officer Direct Sell 0.293 170,000
12/11/2017 NAHASS MICHAEL
Officer Direct Sell 0.2752 400,000
12/04/2017 PETERSON DEREK
Officer Direct Sell 0.19 1,000,000
12/04/2017 GLADSTONE ALAN DAVID
Director Direct Buy 0.19 1,000,000
Riddle me this ..... Why would all of the TRTC insiders, especially the CEO sell all of their common shares if this company is supposed stay at its current maxed out 1 billion share count along with all their active toxic financing?
If they thought their was going to be value in the common share...wouldn't they keep some for themselves?
Micael Nahass is the only member to have any substantial amount of shares left.... aside from the millions of shares Derek Peterson gifted his wife before she retired from BOD.
Surely with 38 million in revenue, salaries are included in the expenses...oh wait they hide all that detailed information lol
The answer is simple...screw the common shareholders...they will just reverse split and reassign them selves another 1 billion shares and oh at the same time clean up their financials ...like the original insider enrichment scheme never happened
Why sell all your shares? The list below is just in the last 8 or so weeks !
SEC Transactions
TRANS DATE FILER OWNERSHIP TYPE PRICE SHARES
01/26/2018 ROSS STEVEN J
Director Direct Sell 0.3411 110,721
01/24/2018 NAHASS MICHAEL
Officer Direct Sell 0.349 480,000
01/23/2018 NAHASS MICHAEL
Officer Direct Sell 0.324 200,000
01/17/2018 NAHASS MICHAEL
Officer Direct Acquisition (Non Open Market) 0.33 64,599
01/17/2018 JAMES MICHAEL C
Officer Direct Acquisition (Non Open Market) 0.33 64,599
01/17/2018 PETERSON DEREK
Officer Direct Acquisition (Non Open Market) 0.33 93,669
01/17/2018 VANDEVREDE KEN
Officer Direct Acquisition (Non Open Market) 0.33 64,599
01/02/2018 ROSS STEVEN J
Director Direct Sell 0.4501 110,000
01/02/2018 NAHASS MICHAEL
Officer Direct Sell 0.478 330,000
12/18/2017 PETERSON DEREK
Officer Indirect Sell 0.2444 516,000
12/15/2017 PETERSON DEREK
Officer Indirect Sell 0.2476 100,000
12/15/2017 PETERSON DEREK
Officer Direct Sell 0.246 701,000
12/13/2017 PETERSON DEREK
Officer Direct Sell 0.26 422,500
12/12/2017 PETERSON DEREK
Officer Direct Sell 0.274 177,500
12/12/2017 VANDEVREDE KEN
Officer Direct Sell 0.2383 600,000
12/12/2017 NAHASS MICHAEL
Officer Direct Sell 0.293 170,000
12/11/2017 NAHASS MICHAEL
Officer Direct Sell 0.2752 400,000
12/04/2017 PETERSON DEREK
Officer Direct Sell 0.19 1,000,000
12/04/2017 GLADSTONE ALAN DAVID
Director Direct Buy 0.19 1,000,000
10/06/2017 PETERSON DEREK
Officer Indirect Sell 0.2145 22,700
12/15/2017 PETERSON DEREK
Officer Indirect Sell 0.2476 100,000
12/15/2017 PETERSON DEREK
Officer Direct Sell 0.246 701,000
12/13/2017 PETERSON DEREK
Officer Direct Sell 0.26 422,500
12/12/2017 PETERSON DEREK
Officer Direct Sell 0.274 177,500
12/12/2017 VANDEVREDE KEN
Officer Direct Sell 0.2383 600,000
12/12/2017 NAHASS MICHAEL
Officer Direct Sell 0.293 170,000
12/11/2017 NAHASS MICHAEL
Officer Direct Sell 0.2752 400,000
12/04/2017 PETERSON DEREK
Officer Direct Sell 0.19 1,000,000
12/04/2017 GLADSTONE ALAN DAVID
Director Direct Buy 0.19 1,000,000
wow lol if your the protector of trtc in this forum and thats the ammo you have to combat the current financials and price per share woes of the last 3 years.....lol WOW is all i can say and laugh--->.just wow
lol
The Price per shares is moving toward .25 lol and the volume is drying up to <1 million
What a great stock and company..best in the business lol lol sureee
this is the best insider enrichment company on the otc.....going on 4 years and still getting people to believe.
The only time there is volume is when the flippers come out to play on obvious news...lol
Even that is happening less and less, because derek beats them to it lol
Until this pos consolidates and gains shareholder trust again....its a no buy
Anyone new to this stock should know that POTENTIAL is a word that has been floating around for 4 years...and yet the Price per share is struggling to hold .269 per share lol
Now they have maxed out the outstanding shares to 1 billion and have 750 million on the float.
Along side of that this company has never shown profit and continues as of a couple of weeks ago to take on toxic financing for pennies on the dollar.
Where has the > 200 million dollars gone? lol hmmmm 1 billion shares sold is a lot of money
I would say 45 million dollars would be a very very very generous real cost of doing business to this point.....
I know what it cost to do build outs lol
I am getting of topic
DO not invest in this company until it consolidates and cleans up its numbers. Thats when the next level of investors will come out and play...because they understand financial reports.
Noww if u wanna flip the stock for pennies 2 maybe 3 times a year...go for it
Long term this is a cancer until it consolidates...even then they are just resetting the scheme to higher hands
I think new investors should also take into consideration the current financials and past history of this company and its insiders before throwing their money away.
It does not matter how many dispensaries are open....there is a reason the Price Per Share is .269
After 4 years of dilution and toxic fins....and expenses greater than the revenue
DO your own due diligence. DO not just listen to me, or the 1 line paid promotors.
Read the finanicals and look into the history of the company.
THE NUMBERS DO NOT LIE, NOR DOES THE PAST HISTORY OF THIS COMPANY. IT IS ALL PUBLIC KNOWLEDGE.
It is true they diluted 500 million shares in the last year or so..
They now have close to 1 billion shares outstanding? and only 88 million left before they consolidate and reset the whole insider enrichment scheme that they all created when working together at the brokerage company?
The pps is .269 steamrolling into March 2018 ? This is 1 year after the holy grail day of NV going recreational live and going on 3 months of CA going recreational live. Which is a joke lol
Up until 3 weeks ago THESE INSIDERS WERE STILL TRYING TO DILUTE AND TOXIC FINANCE. THIS IS PROOF THEY DO NOT HAVE SHARE HOLDERS INTERESTS AT HEART AGAIN FOR 2018 ...THATS 4 YEARS IN A ROW. WHEN THEY ARE MAKING MILLIONS OF DOLLARS. THEY WANT EVERYTHING PEOPLE...
Look at the financials and it all points to enrich insiders only .269 pps tells no lies
This why the pps has been in the dumps for almost 4 years - These are signs of management not giving a rats behind about shareholders...hence the now 1 billion OS count maxed out
To get an inside look at TRTC’s reckless dalliance with convertible notes, go no further than its quarterly reports. Its 10-Q for the quarter ended June 30, 2017, notes that “during the six months ended June 30, 2017, senior secured convertible promissory notes and accrued interest in the amount of $8,839,084 were converted into 50,710,473 shares of common stock.”
How bad is the impact of TRTC’s convertible note addiction on common shareholders? The table below, which illustrates the rate at which outstanding shares have increased over the past five years, answers this question.
Year TRTC shares outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
As of December 11th 2017 903.17 million
Shares outstanding nearing authorized shares of 990 million
In five years, TRTC’s shares outstanding have increased more than tenfold and are now inching dangerously close to its authorized shares of 990 million. This means that going forward there is very limited room for TRTC’s debt holders to convert their debt into new shares. This heightens the prospect that TRTC may default on its debt. In case this happens, shareholders will be first to lose as debt owners will foreclose on the assets. This is the benefit of being a debt holder as opposed to being a shareholder. Debt holders usually have the first claim on a company’s assets in the event of foreclosure.
SO basically making > $250,000 a day and diluting 1 billion shares along with continued toxic financing to anyone willing to give them money for our worthless shares for pennies on the dollar.
THIS IS TH biggest insider enrichment scheme around.
People on this forum keep turning a blind eye to everything
Derek Peterson, Amy Almsteier ,Michael Nahass, and Salwa Ibrahim are laughing all the way to the bank.
I think new investors New should take into consideration the current financials and past history of this company and its insiders.
This is not a stock to buy until it consolidates its numbers. With the OS count almost maxed out at 1 billion shares and then still having toxic fins out there.... add on to that the expenses out weigh the revenue
stay away for now.... best be on the sidelines
But what has been bothering me more is the morals of the board of directors.
It seems imho Derek Peterson found an excuse to change his name to cover up criminal past.
Derek Peterson's employment history, from Broker Check
Peterson's file has only one disclosure event: he was fired by Morgan Stanley Smith Barney in December 2010 because, as he says, "I was managing an outside business in the agricultural industry and did not disclose it to my broker dealer." On 11 June, he complained at length to a Small Cap Voice interviewer about recent criticism of the company and himself.
One question that had been raised was his at least occasional use of the last name "Oppedisano." He pointed out that his surname is Peterson, and always had been, but that before he was born, his father had changed his own name from Oppedisano to Peterson. Derek is, he says, "in the process" of changing his name to Oppedisano, so that his children can have "some sort of understanding of their heritage." How long does it take to change a name? Four years?
Interestingly, he was using Oppedisano back in 2010, when he failed to disclose his "outside business" to Morgan Stanley. As far as can be known, he hasn't used it since. The SCV interviewer didn't press him about any of this; but then they're promoters, and it's their job to agree with the CEOs who pay them.
Peterson's wife Amy Almsteier, a former interior designer, is also involved with Terra Tech. In addition to being a 37 percent owner of the company, she serves as secretary, treasurer and director. TRTC does have a CFO as well, Michael James. Another director, Michael Nahass, is a registered rep. According to Broker Check, he, like Peterson, worked for Morgan Stanley a few years ago; perhaps the two met there. Nahass is currently employed by Arque Capital Ltd., an Arizona company with an office in Irvine, California.
Nahass and Peterson have something else in common: both declared bankruptcy not long ago; Nahass in 2011, evidently as a result of gambling debts, and Peterson in 2012, for other reasons.
Michael James CFO of TRTC formerly CEO of NRTI
$TRTC CFO Michael James exposed for blatant fraud with his fake Nulief launch while also CEO of $NRTI. He does a partnership deal w/Derek Peterson and runs $NRTI into the ground and ends up selling all $NRTI assets to $TRTC thru a LLC company that was created 4 weeks prior to selling the assets via this backdoor deal, leaving $NRTI shareholders with absolutely nothing, as he quietly exits back to TRTC without a peep. Then he is handsomely rewarded with tons of TRTC shares as bonus shortly thereafter for his debauchery tactics to quietly steal NRTI's assets out from under shareholders and secretly selling them to TRTC at a huge discount before anyone was aware of it. They buried the whole transaction in a 10K without saying a word. During a Q&A session, Peterson was asked about it, but glazed over it without addressing what actually took place regarding this deal.
NRTI CEO & TRTC CFO, Michael James screwed over every NRTI shareholder with his BLATANT FRAUD behind the Nulief CBD launch, where they never manufactured any real product or ever sold it in any dispensary, despite saying so in Press releases and interviews. Ever since then, he has been selling his TRTC bonus shares, that Derek rewarded him for this great deed to enrich TRTC, at the expense of the NRTI shareholders.
ANYONE dumb enough to invest a single cent into this company that is run by a management team with these kinds of principles, needs to have their heads examined! Right now they are once again selling insider shares by the groves, driving the share price into the ground, without any regard for shareholders! These gutter rats are making millions and millions of dollars every year by screwing over shareholders! The worst part is, despite all the SEC complaints filed, the SEC does nothing! All they reply with is an article explaining the dangers of investing in MJ companies. So in other words, if you are an otc company in the MJ business, as the CEO you are free to launch a FAKE Nulief CBD product and get away with it and steal all the assets away from one mj company and sell them to another one where you also hold a CFO position!
Michael James left a paper trail a mile wide on his blatant fraud, but yet the SEC looks the other way and does nothing to investigate the matter.
Should i even Get into Amy Almsteier ,Michael Nahass, and Salwa Ibrahim ? OR the recent board member they had to fire because of his SEC violations?
They are laughing all the way to the bank.
No start up companies on the otc will use that..... Companies on the OTC want to build up using the insider enrichment method. All they have to do is issue 1 billion shares to themselves and sell them off.....
Its the excuse companies have for working against shareholders worth and gaining all the riches.
Then when they have everything sold out and own all the new assets.
They just have to reverse split to clean it all up and fly straight.
Sound familiar?
.45 pps is pathetic ..omg the standards are so low from you guys lol
Boy Derek has beaten you guys down to the point of accepting up and down scraps as success after 4 years lol
The pps was .45 -->3 years ago lol But now they have multiple assets, ca and nv rec, and nj grow house
Listen if your small time flipper......22 going to .40 is great.
I am talking about long time supporters or as you guys say bagholders
Running this con requires keeping the pps to be in a certain range that keeps people buying in at low prices and raising it up at certain times to show potential and of course to dilute shares.
Problem is they sold 90% of all their shares...the free atm has run dry lol
DO you really think they are going to use their own money now lol
This company plans to keep running the insider enrichment scheme. They will consolidate and then reissue millionssssss of new shares to themselves
Which is smart and their best move
Funny i remember all of you guys debating the revenue and $5-$10 pps when the NV dispensaries opened.... now you guys are praising going to .45 cents lol
Derek has you guys whipped lol
First of all this thin is almost as short as one can go at .26 pps lol
Second...i would love for this company to perform for the shareholders....
Have you even heard a peep out of this pos aside from fluff news....for months lol
Im going to be sorry when it hits a pathetic .56 cents and give Nahass free rein to sell 1 million more shares lol According to the clause in his bait and switch lock out of shares lol
And then of course watch it be sold off back down as usual...like a good little insider enrichment scheme should do
Im sorry ..im not trying to hurt anyones feelings..i changed it to being blind to the finances.
The truth is ->Now because you do not like the current price per share and the 1 billion outstanding shares..
the active toxic fins and the extreme expenses out pacing the revenue...u have no answers but trying to get me off the forum? lol
Just read the financials and tell me what i am saying is wrong?
Who cares if i hurt this stocks blinded supporters lol The Price per share is .268 lol
the OS count is 1 billion and they are still holding active toxic financing lol
Expenses very carefully manipulated to always be higher than revenue lol
Nothing matters but the financials...for the 100th time already.
That is how professionals evaluate a company. The os numbers are maxed out at 1 billion- their hands are tied now and have to consolidate
Toxic fins are still going on for pennies on the dollar, and the expenses out pace the revenue. That is just a superficial glance at why the pps is .269---> 1 year after all of the "wait for this day" holy grail mantra of Nevada going REC Live, and now we are pushing fast into 3 months of CA going rec live .
The company could give 2 shats about shareholder worth.
If they had another 1 billin shares to sell---> they would be sold off if a heart beat for pennies on the dollar..Its how they operate....their pockets are what matter most...they have the assets in place for now..screw the shareholders...until they want to sell or up-list...."then all of sudden share holders and the financials will matter" lol
SO it doesnt matter if they had a 100 million square foot grow center and 900 dispensaries.
Correction it matters to the insiders...they would make money hand over fist.
But in a insider enrichment scheme .....the shareholders are always last
They studied and run this scheme to perfection. I mean once they sell off the last 88 million common shares. They are not going to stop their philosophy of being an insider enrichment company.
It has worked great for them! It is what got them to the big dance and made them multi millionaires.
At the cost of stealing millions of dollars from hard working blue collar people, who believed in the company.
Its a shame
Derek Peterson by diluting 1 billion shares and selling personal shares before he puts out news, during the news, and after the news, along with insane toxic financing that was only done because there were shares were available to sell...
Has taken millions of dollars from hard working investors who believed his story...
If the PPS was >$1 and held its value ...i would say you know should be better, but its moving north and most of all holding its value and the numbers are being cleaned up.
But when the PPS is lower than 3 years ago , and struggling to hold .269 in 2018? After NV and CA went rec live?
Yea i think he is a con man running an insider enrichment scheme with the intent to get out at the best offer...oh by the way ..He has even admitted to that on the conference calls---the sellout part lol
a 5 to 1 reverse split would be very good for me...i think its a compromise for all party's to be rewarded greatly. Unless this happens the PPS is not going change for the same range it has been in for 4 years.
but they would never care about their long shareholders lol
They have to reverse split..the greedy insiders diluted 1 billion shares.....not much left for then to sell.
Unless they decide to run an honest company..lol i know funny
I had a dream they bought back 200 million shares and revenue was 50 million dollars higher than the shady made up non itemized expenses lol
And they decided to use their own money to grow from here on out ...
Ok i just woke up that will never ever happen....once Derek the con sells the last 88 million shares they will reset and recycle the whole game to higher players and price all of us long time supporters out of the game.
SO they will clean up the financial mess they made with our money --> reverse split and magically most of the expenses will be alll but gone....
They then reissue hundreds of milions of shares back to themselves