is...doing as little as possible
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You're not leaving us now are you? We would really miss your DD and opinions.
Exit .1045
Another perfectly executed trade.
Nice recovery going on for the weekend. Let's hope the great basher let's us keep it.
and do what with it? That is a totally illogical statement. A crop is useless unless he has somewhere to sell it and the only dispensaries open are the 2 competitors that just now opened! It would be foolish to put the cart before the horse. Build the dispensaries first then buy other's MJ crop until you can build your own facility and start growing your own.
I remain hopeful that the projected dates give DP ample breathing room in case of unforeseen circumstances and that the reality will be earlier completion of these projects. As I have said several times, DP is in a no win situation. Damned if he does and damned if he doesn't. If he set the dates earlier and failed to meet them he would get blasted. By setting the dates beyond his actual intended completion dates he will forestall further grumbling and whining and win kudos by completing them early. Just my opinion of course.
The nice thing about the pps drop well below what I paid for it is that I won't be tempted to sell any of my shares! lol
I have no doubt that TRTC will come into its own one day soon and we will see significant increases in the share price going into next year. In the meantime I will be moving to another state soon so that will keep me busy and not worrying over this temporary hump we have to get over first. Next year I will be able to take a little profit for furniture and decorating my new place. It's a win!
What do you expect the pps to do when people see it constantly being beaten down? The louder the noise, the less inviting the environment.
DP is in a difficult spot and most people just don't seem to grasp this. He is damned if he does and damned if he doesn't. Everybody wants everything done today, immediately, as if DP could wave a magic wand and it would be done. It is going to take a lot of money, a whole lot of money, to build out 2 growing facilities, 2 production facilities, and 4 dispensaries. The company simply cannot afford to do all of them at once. They don't have that much money and if DP dumped shares on the market or obtained toxic financing in order to get enough money he would be catching holy hell for that. He is in a no win situation.
Every dispensary in NV is delayed because someone saw fit to try and game the system by interfering with the CCC more than a year ago. Don't blame DP for this, blame those who keep trying to take DP down.
The MJ laws are changing rapidly in just about every state in the union. The whole industry is in a constant state of flux like the dunes in a desert. Come back tomorrow and it won't look the same. Trying to build the foundation of a growing enterprise in this environment is almost impossible.
So, like it was said, CHILL OUT, or get out. It can't be said any simpler.
Why we will never see .06 again: The pending EIGHT doors open in Clark County, Las Vegas, NV in general is just too imminent and too big of a pending catalyst for .06 to occur again.
Why we "might" temporarily drop to between .08 and .099: Delays in opening facilities could depress investor confidence. Another confidence shaker for some is that Amy is very likely going to sell more of her shares going into the holiday season - it's her piggy bank and hers to sell. Lot's of negative posts on Ihub board, constant and repetitive drum beat.
Dollar a share begin date: I believe it will take 2 quarters of revenue from doors open in NV. Revenue is the key.
Massive pps will occur due to the following, some of which WILL occur, some of which will "probably" occur, and some of which "might" occur:
- Eight TRTC facilities open in NV driving exciting revenue gains
- Edible Gardens continuing to cut costs and expand markets
- Non Profit IVXX continuing to expand markets in CA: good for TRTC image and branding
- If CA allows IVXX to go to for profit - MASSIVE revenue & exposure
- If CA votes pro recreational it will "likely" be for profit - TRTC pre positioned to capitalize on it
- If NV goes recreational it WILL be for profit - TRTC superbly positioned to capitalize on it
- If TRTC manages to expand medical and or rec mj into other states, growth, exposure, and eventual revenue gains
- In my opinion, Obama will direct removal of MJ from schedule one to lower level before he leaves office as a part of his legacy. This opinion based on his use as a youth, based on his comments of minorities suffering from current law more than other population segments, based on comments he has made, based on his removal of previous hard line DEA chief, based on his orders to the DOJ across the country and orders to Federal Law Enforcement agencies.
- If Obama removes mj from level one no new POTUS will put it back to schedule one. Schedule one says no medical mj benefit, too many states have laws allowing medical mj. 10th Amendment is in play.
Now, if most, or even some of the above occur PPS will quickly climb. When it does TRTC can move off OTC to a big board stock exchange. When that happens PPS will EXPLODE upwards, in a shockingly fast and massive way.
So to recap:
Downside: potential temporary drop of PPS around .02 max while waiting for doors open in NV and resulting revenue
Upside potential: Sky is the limit. Astounding possibilities for future pps increases.
Those who buy at today's inexpensive levels will have a return that can not be found in any blue chip stock today. No CD, no savings account, no real estate deals offer this potential.
All in my opinion of course. My reasoned and explained opinion, just like that of many others.
I can think of much better choices to get gone than Michael James. I'm sure many here would agree.
Me too Sleek. If I didn't need it to pay this coming month's bills I would transfer 2 grand to my brokerage account and buy more. At these prices you can't possibly go wrong. It would be foolish if you have the funds to spare and did not do so.
If Megas settles with an individual broker then that settlement would be by an agreed upon pps for that broker's clients only. This would likely buyout that broker's clients to get them off their books and replace their old 105 shares with new certificated 206 shares, not a monetary settlement for that broker's clients, and would mean you holding those shares in certificate form until BCIT is trading again.
If you are able to settle with a broker as an individual then it can occur one of 2 ways. Either as above but for you only or via a direct monetary settlement. In the event of a monetary settlement you can then either buy new certificated 206 shares yourself or take the money and run, depending on the exact settlement method you win, and less any legal/contractual fees you might owe.
ok folks, TRTC is dirt cheap right now. Get to slapping that ASK and see if we can at least break even today.
If I look at the original TRTC PR on the NB Plant's deal, NB Plant's part in the deal is that of a supplier to Edible Gardens which EG has first purchase rights to anything NB Plant's grows. I gather that TRTC desires to eventually merge NB Plant's with EG though.
As stated by Ken Vande Vrede, "While we weren't able to execute a full merger at this point due to certain prohibitive covenants in the company's debt structure, we were able to ink a distribution deal which has significant value for us without the dilution or expense of the merger."
In the interim, TRTC gets 10%(?) of the revenue from the sale of those plants for branding, marketing, and distribution of the product. I gather the confusion/concern is over the apparent incestuous relationship between the owners of NB Plant's and TRTC?
TRTC is primarily a holding company, with subsidiaries that may grow, manufacture, package, and distribute products from various vendors, some of which may also be subsidiaries of TRTC or even subsidiaries of subsidiaries of TRTC. Much of this subsidiary arrangement has been predicated on the legal status of MJ and protecting the rest of the company should any kind of judicial or federal action be taken against one of these subsidiaries. Once the legal status of MJ is resolved I expect some of these layers of subsidiaries to become unnecessary and mergers will be initiated to flatten the organization.
I would imagine, but cannot know for sure, that whatever EG sales and whatever NB Plant's sells that is branded as EG, EG still gets 10% of the revenue from that sale, and it should since EG gets first rights to anything NB Plant's grows anyway. So no matter who sells it, EG profits from it. NB Plant's is just benefiting from the EG branding is all. NB Plant's profit belongs to NB Plant's of course and will probably go to pay down NB Plant's debt so that an actual merger is one day more practicable.
I believe that DP ultimately has his eye on EG owning the land and greenhouses that NB Plant's owns and that is why he is willing to rent the land our new EG greenhouse sits on in NJ from NB Plant's, rather than buying the land elsewhere. This would be NB Plant's goal as well, which is why the NB Plant's owners sit on the TRTC Bod. It's actually pretty logical.
Tell me more about the NB plants acquisition. I seemed to have missed that somewhere along the line. I've only been in TRTC since early this year, which probably explains the difference in our attitudes as I was not invested during the fall from its highs so my expectations are from the opposite end of yours I guess. How were you duped though? Were the things you are concerned about not evident at the time you invested or did they appear later? I'd like to see the things you mentioned resolved as well. I hope that TRTC does prove you wrong in the long wrong and that you will be happy. I don't like seeing any genuine investor unhappy.
Thanks, that does help me understand where you are coming from. So as I understand it you have profited already from your investment and since you only have free shares remaining you will most certainly profit any time you decide to sell them. Your reason for leaving your shares on the table are very valid as well but your negative assessments, to me anyway, seem based on what other scams have done and some similarities TRTC has with them. However, given the your reasoning for leaving your shares on the table I would perceive your overall feelings about TRTC to be more neutral than negative, correct?
I originally owned 150,000 shares, with the intention of eventually owning 500,000. I only own 30,000 now - if that gives you any insight into how much hope I have for this company now. The 30,000 shares were free after my gains.
I've posted this prior, there are two reasons why I leave the 30,000 shares on the table.
1.) salwa Ibrahim is high up on a short list of cannabis advocates. I can't believe that she would stake her reputation for money.
2.) same situation with Evan, director of cannabis division for TRTC. He just joined the national norml office and has been instrumental to many MMJ bills. I can't imagine him losing his reputation over cash.
Then I'm reminded of the opposite:
1.) many times the lawyer is the one pulling the strings of the puppets, and Thomas Puzzo is still our lawyer - all it takes to look less like a P&D is fire the p&D lawyer. Why won't they? Perhaps he's the leader.
2.) innocent folks get dragged into scams often. I don't mean scam in the tradition sense of "no product ever existed it's all a facade", but more in the sense that this giant machine is made to make a group of people money, and no chance of any shareholder doing the same. It's built for the insiders. An example - I loved Robert caulkin. Followed him on Facebook - Twitter, loved his ideals for the MMJ scene. He became Ceo of GRC# which is now a known scam. He's not CEO any longer the same way that salwa and Evan can bail at any moment.
SSC
Help me understand something then. If you no longer believe in the company, why do you stay invested in it? There must be something about the company that gives you hope of things changing. What is it?
All I can say is that it will come. Be patient. We will be well rewarded in the not too distant future. I don't know at what pps you invested at and I'm sorry if you are currently showing a loss. I am in at .13 so I'm only showing a 15% loss but I have high confidence in the future of TRTC and am in for the long haul, not short term profit.
This explains a lot. After reading the author's statement I would be highly embarrassed to continue to quote his article.
WoW, I stumbled upon another published quote from the "alleged" author of the "hit piece" sent to the CCC while they were sequestered under a "cone of silence"
Quote:
"Folks folks folks….the key to shorting stocks is to know when they are heading down! I do two things…go long on some, and then short their competitors. For example, I am short on TRTC, so I focus the positive energy on Hemp Meds or Vape. Negative energy directed at TRTC will bring my price lower by stoking investor fear…and no offense, but those people on most boards are like sheep…they will follow me no matter what because I so many posts! Anyway, while shorting one, I try to shield my long holds from negativity by trying to direct as many people towards TRTC as possible. As my mentor Klym once said…”Dance for me, Puppets!”"
I don't doubt that you are. You play it very well in fact, just like the author of the article you keep bringing up. TRTC is proving itself more and more every day. How can you possibly deny the evidence staring us all in the face? TRTC is making enormous headway to becoming THE leader in the MJ industry.
That's because those companies aren't on the scam filled Wild West of the stock market. They've proven themselves unlike TRTC. I'm quite familiar with the stock market.
SSC
You must be out of touch with corporate America. Have you looked at the average CEO salaries today? Even those losing money and a falling stock price get enormous bonuses and stock options.
It blows my mind that people will rationalize this. 600,000 per person JUST from TRTC to put food on the table? LOL. And another few mil from Blum, EG, GrowOp, IVXX, Etc?!?!
Have you ever invested in a company that has shareholders funding their private operations while taking hundreds of thousands from shareholders? Could you point me to that stock so I can see how it ended up?
SSC
That is some awesome DD sleek! The company should have hired you as the IR person. lol
I hope you have proof that he is an egregiously aggressive embezzler because you have just made a serious accusation and unless you have proof you have committed slander and could face serious repercussions.
If anyone invests in TRTC expecting to immediately profit from rising a pps they are going to be sorely disappointed. It is just not going to happen until the 1st dispensary opens in NV and we start getting retail sales of the IVXX product there. We are going to get a pop in the pps once that dispensary goes live and when 3rd quarter results are released in October but beyond that, barring some surprise news, we will not see significant increases in the pps until after the 4th quarter results are released in February. From there on there will most probably be significant pops quarterly once the results for each quarter are released. So, you can hitch your wagon to a pretty secure bet and see your rewards with each pop in the pps.
As for Blun, Derek, and Amy etc profiting now with bonuses, I have no problem with that. They are doing all the leg work, creating and following the business plan, coordinating the expansion of the company, media appearances, filing for permits and licenses, and a hundred other things we don't even think of that they have to do on a daily basis. They can't work for free, neither can you. They have to put food on the table, pay the rent and utilities and other household expenses, just like you. This is their jobs and they should get paid for it by whatever means is appropriate.
The author of the piece and subsequent barrage of emails, faxes, postings on FB and elsewhere aimed at the CCC makes it plain he had an agenda and was most likely profiting from that agenda, either by direct financial support from someone or from swings in the pps, but I doubt shorting was involved as shorting is usually not a genuine issue on the OTC due to the significant margin requirements. Given the author has been proven to maliciously attack the company, I cannot imagine why anyone would so vehemently support his editorial. With these half truths and outright lies in the piece that can so easily be disputed it is almost comical to see the article appear daily in this forum.
Well at least we stayed the course today and are green for the week. I guess a few of us wouldn't mind shacking up with a pif in green lipstick.
Let's end this week on an up note! Somebody slap that ask!
100K buy at .116. I guess some have a lot more faith in the direction of TRTC than others. .02 book value? I think not. You're not taking into account the value of the licenses in NV, among numerous other things. This stock is hot and well positioned for the future. Buying in now and holding is the best bet you can make right now. The time for gloom and doom is long gone.
It is plain to see by anyone with a modicum of honesty that TRTC is heading upwards now. There may be off days but with the rapid pace that TRTC is executing its business plan, the wise investor will keep growing their position from here on or will kick themselves later for not doing so.
wow Shell, you are prettier than I imagined you to be.
Inspection(s) are on hold for this Application, please see the 'Inspection Hold(s)' tab or contact appropriate department
If you do indeed know the owner then you also know that he is not going to risk his relationship with his client by discussing any contracts with them. If TRTC has not announced who they contracted with then obviously they do not want the public, or their competitors, to know about it. A low man on the totem pole is more likely to talk about it, as we have heard from someone else.
There it goes. Every day the same thing. Paint the tape. At 15:59:56 9100 shares sold at .1098 per share. Dragging us down from .11 per share. I know it is a small difference but it happens every day, keeping us from closing at or above .11 per share. Frustrating as crap, it is!
For those accumulating shares, a word of advice. Don't use money you can't afford to lose. I know some have accumulated tens of millions of shares, if not more. That's a huge investment and I would hate to see someone get stuck losing money they need for bills, rent etc. Just ask yourself, "can I handle the consequences if I'm wrong betting on this stock."
Yea Sleek! He does it again. Best DD in town.
That's awesome sleek! Thanks once again for your on the mark DD.
Despite all the uncertainty, I would rather be invested in TRTC than not. The potential to the upside is enormous while the potential to the downside is minimal. In my opinion TRTC is going to go far and anyone buying in now will be quite wealthy in a year or two.
That's great! I look forward to it. I'm sure the company will as well.
As loaded as I can be. No money left to buy any more, having picked up 6500 more at .115 today.
oh wow! I better dump everything before everyone catches on! NOT
Those are contradicting statements. If the majority thought it was worth only ten cents then it would not rise by 10% or more every day. Afterall, who would want to buy at 11 or 12 cents if they felt it was only worth 10 cents. Would you? So stating that the majority thinks it's worth only ten cents is illogical and counterintuitive.
The lastest S1 only registered 57+ million shares. That it nothing. Our O/S is already lower than any other pot stock out there. We are better positioned. We have more going on. We have a business plan that is being worked step-by-step. We have EG to hold us up while we develop the Cannabis side of the house. There are significant, major things going on that no one else can come close to, and finally, we have no information indicating that the Magna credit line has even been tapped yet so claiming it's dilution is not supported by the evidence.