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That is a good plan and will be a worse case scenario. More likely we will remain on our own or merge with another candidate.
Just do what is best for you. There are absolute requirements by the CSE that will prohibit this merger. Even if GLDFF leaves this on the table time will not be kind for 4th Qt results which will require more toxic funding. Debts are coming due all of this will have a cumulative affect.
There is nothing to vote on now. There is no news about anything! Nothing is any different than when the day ended yesterday. This is all being said to mislead you.
Unfortunately your info is not correct. Nothing has changed except you trying to state that a non binding LOI has suddenly become something it is not. Our CEO made this non binding and subject to a review by CSE which has more stringent requirements than the OTC. The time frame will be months for a normal due diligence undertaking. This most likely will not even have to be played out but if it does it is a few reviews before everything could be finalized.
This has not been approved at all. What info do you have that this has been finished
Nothing has changed in the business plan GLDFF has been operating on except an announcement of a merger. The merger is the only change and will be a non issue at some point. Investors need to determine for themselves what course of action is in their best interest. Certain paths create sure profits and losses others require time to see how things unfold. My personal view has been that this investment is a 12-18 time horizon for it to turn into a good investment. GLDFF has the cash on hand to make it thru that time frame. For that reason what you do means nothing to me. GLDFF is not on a course to go under so I remain an investor.
That sounds good BUT It is the toxic convertible debentures and the convertible note payables that make this a bad deal for GLDFF. GLDFF recently issue their 1st convertible debt and the investors hated it. Stock dropped from .22 to .15 and didn't recover. TRTC has multiple issues and the prospect of more common stock dilution is inevitable. They have $9 million in debt due with 90 days with little cash on hand. Some posts indicate they have lots of credit they can draw down on.This credit comes with more risk because again it has options that convert into common shares. If they default the options will be exercised which will dilute the common shares.Could require another Reverse Split of the common shares. TRTC created this debt and should own it. GLDFF is in good shape to be profitable 2nd half of 2019.Again all for nothing merger possibility is not in the cards.
I stand corrected. Did it make a difference really? Just propping up the stock which is ok . I had been out and when I got back I see all the posts and thought there must be something going on. Took a couple of minutes to realize nothing has changed. Our CEO not only made the LOI non binding but was also smart enough to make it contingent upon approval by the CSE. Very smart move.
The last trade that took the price to 1.32 was 100 shares Costs $13.20 Some support! Show me 10,000 or more and then you may have some support. All show to make it look good! Again still doesn't matter.Merger will not be able to happen with the CSE approving TRTC. Good luck on that!
Very little support. The last 10 trades 1 - 900 shares the rest are all 100-400 mostly 150-250 These are just small trades to keep the price up. No volume! With that said who cares TRTC cannot get listed on the CSE.
There will Someday be a change in the Federal Laws and GLDFF will be ready to service that need. No possible way TRTC can get listed on the CSE so going forward GLDFF will either stick to their business plan or search out another partner to do a merger with. I would think a beverage company would be ideal or perhaps Amazon. Amazon has great home delivery service.
This is not recreational pot. .3% used for products
I am not saying bankruptcy you are. Chapter 11 is a good tool to use to protect shareholders. It allows you to renegotiate with credits keep assets and can put you in a much better place going forward. If you are more concerned with how this looks and not with how this can help shareholders That's another thing.
No one said there is! I'm sure the cash is available to pay every single penny that is owed. Chapter 11 is just an option that is used to help protect shareholders that's all.
So within 90 days they have notes payable of $9+ million! The proceeds from the recent asset sale for $6+ million would have helped.
They can always file Chapter 11 and renegotiate with the creditors. Just my opinion not for investment consideration.
There is another possible outcome. GLDFF could be the acquiring company and our management team is in total control. This happens if their SP continues downward and they need protection from creditors. They can file a Chapter 11 which allows them to renegotiate with the creditors. Some assets could be sold off to increase cash on hand and pay down some of the creditors.This is only my opinion and is not a basis for what will happen. It appears only our team would be able to list on the CSE so it would have to be GLDFF as the acquiring merger company. In a Chapter 7 all assets are sold off to satisfy creditors which would wipe out shareholder equity.
I personally do not wish this on their investors but investors are stuck in a bad situation. They are looking for direction. Late decline does provide some info!
I think they will wait awhile still. If they announce too soon it will tank TRTC stock and I do not think they want to do that!There was no support for the stock today. Our team knows what they are going to do. No sense in making it worse for the good investors that will get hurt financially.
Your management team will not get past the base requirements of qualifying. This deal is already DOA. GLDFF knew enough to make it non- binding and to make it contingent upon getting listed on the CSE. DOA already!
Quite a long process from seed to actual marketable product.
Your beating a dead narrative to death. Not going to legal for 12-18 months.
It won't be necessary to have these differences soon. The LOI states TRTC will have to be listed on the CSE not GLDFF. That cannot happen. Whether recreational or medical pot is legalized the time it will take is not in your favor. To say you have more financing available is correct----Toxic Financing Only. Not a position investors want to be in. That is why the share price is continuing to go down. No support today! In fact increased its downward trend at the end of the day. Bad indicator!
It was interesting to see the size of the purchases today on the OTC for GLDFF. Within the last hour purchases were 10,000, 25,000,2100,7,000,3000,12520 purchases which were driving the SP up. These purchases show some investor interest in GLDFF that was missing the last few days. Not sure how TRTC ended but I think flat. I will check it out. As posted one of the requirements of the merger is to list on the CSE. This requirement is impossible for their management team to pass so it seems the possibility of a merger are remote. I do not expect any announcement right away. No one wants anyone to suffer any losses and I think everyone needs to relax and let things calm down. I am hopeful Tahoe comes thru soon and GLDFF gets back to the game plan we all came to invest in.
One of the requirements of the merger was they had to list on the CSE. That is impossible with your management team's past history. So now its blame anyone to start another narrative. From the beginning it was said our CEO had to have done his due diligence and had to know much of the info that was coming out. How about DP? He was aware of the requirements the CSE had that would disqualify the management team from the very start. That is why GLDFF was being used to put a good face on the 3rd QT 10. This never had a chance to get past the CSE financial investigation of the TRTC management team. Done wasting my time and energy on a dead end issue.
no They put that requirement in for a reason. They knew between the non binding nature of the signed LOI and the requirement of having to be listed on the CSE they could look but they could always cancel the merger.DP got something he needed which was a good face on a terrible 3rd Qt 10Q. What now for the TRTC shareholders? Little cash on hand, $7 million losses from operations with a potential RS if dilution sets in? Also DP will be able to start selling his shares soon.It's not worth all the toxic debt to even take the company over and try to right the ship. Better to focus on Tahoe and keep the search going for the right partner.
I am so glad that I never sold my shares and I never lost faith in the management of GLDFF. The fact that TRTC management from the top down will never pass a backround check with the CSE means this merger is DOA!!! I feel very bad for some of our shareholders who sold their shares because they feared the management of TRTC. Our management team was astute enough to make listing on the CSE a requirement. It put the onus on the CSE to conduct the financial backround checks on their management team which is a deal breaker. For the shareholders of TRTC you have been deceived because your management team did not want the 3rd Qt 10Q results to result in a mass exodus of shareholders. I hope you recover your investment capital.
Unfortunately for TRTC shareholders the announcement of a merger with GLDFF was just to have something positive to start the 3rd Qt 10Q conference presentation. Without it the news was all down hill. As I previously had posted We were used! Sorry TRTC shareholders but we will now focus on our company and our shareholders. This has been a tremendous waste of time and a tremendous loss to some of our shareholders who sold shares out of fear!
Yes It is a requirement to remain listed. Read it yourself. Not going to matter TRTC management will never be able to get past the CSE investigation of their past companies that they were involved with that wiped out shareholders.
Please post this on our site also so our shareholders can breath a deep sigh of relief! Thanks very much!
Stop with the facts you are ruining their narrative!
Yokels? You are stuck with your investment if you have one. We are not wanting to share your same fate. Forgive us for wanting to stay with our team of management and not one that has made investors flee.There is no good end with a relationship with TRTC.
There has never been a quarter yet that produced a net profit! Are those not bad quarters or are we supposed to just not look at those and focus on 1 quarter and believe the narrative that prosperity is right around the corner.
GLH is a holding company. No financials are listed but I would think they are generating $100,000 a year net from this structure to remain listed on the CSE.
It will be for TRTC and that will be a deal breaker! GLDFF is only listed on the OTC. GLH is listed on the CSE
GLDFF is only listed on the OTC. GLH is listed on the CSE. What is pathetic is that if the minimum net profit is only a paultry $100,000 wouldn't you be demonstrating that TRTC with all of its investments will in 2019 easily surpass that requirement. No you keep picking on nothing of substance that would further your point rather than having the confidence that TRTC can make the grade!
I also saw that but just wanted to wait for you to point that out! If this stock was now at a price that was worth an investor's money the purchases would be more like 5000, 10,000 of even 20000. Lets wee the big spenders step up to the plate and show everyone what they think!
No Just go and look at the requirements yourself. I do not enforce their requirements. Do your own research like I have !
The last 5 purchases show on the OTC at 1.30 ranged from 100 to 433. Is this one investor actually trying to buy in at a great price or are there a few big spenders that are buying in? 100 shares is not a vote of confidence or a consensus that the bottom has been reached.
Read the requirements!