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It's fiction. Not real. Just a wishful day dream. So using the guys name would be unfair.
Read that. Great author.
I was talking with an older lady today while walking the dog and she is a Trump supporter. We spoke for about half an hour and it was apparent to me she knows she made a poor choice but she is not backing down this time around and she will be voting for Trump. Really nice lady. I think the more these folks are talked down to or about the stronger their resolve to vote for Trump is.
Another reason for Biden.
Mitch is almost better than Trump if it was not for the 'football' and the emergency powers. And the supreme court pick that will probably come.
I do have a copyright on them but gave them away years ago on line - never wanted to publish them - never seem to be finished with any poem I write and most went to my wives.
Writing a book now days between posting about Trump and playing with a penny stock. Had a really weird time in Desert Storm. I'll let you know the title if/when it's published - if you want. Sadly, these days people buy books more based on the titles so I'm waiting for the end before I spend the time talking with a marketing nutcake and ruining a day.
Yep. As much as I am certain we need a Warren or Sanders to help shorten the distance between the top and bottom, I am also certain that the GOP would label them as communists and we would lose.
So, Biden is the safe choice - unless he screws up - which he has done in the past.
What a predicament - maybe Beto or one of the female Senators.
I feel like I'm going to a football game and the coach and quarterback are missing.
A great story - The guy who protected Trump until he was elected president - you remember him? Turns out to be Jeffery's last visitor.
Nah - just wishful thinking.
This month is the 48Th anniversity since I got a bar and wings at Fort Rucker - seems like last week. Until I look in the mirror.
Take care my friend.
PS I wrote this in Vietnam during the last ten days. Being short in Vietnam makes one think - a lot.
'Soldier's Cadence'
A father's pride, a mother's delight, life progresses
Elastic hugs, warming comfort, floating dark.
Dreamy days, a mother's sounds, soft caresses.
Pushing throbbing, urgent contracting, curious lights
Quickening beats, seeking release, shoving limbs
Resonant cries, hands grasping, wondrous sights
Holding arms, stroking hands, loving sighs
Caring bosom, tender embrace, comforting words
Always soft, ever near, sleepy lula-byes
School bells, teenage trials, boyhood done
Ball grounds, puppy love, evening gowns
Studies over, manhood near, an American son
Country calls, Army braid, bugle sounds
Barracks life, dusty trails, sweaty nights
Parade grounds, graduation cheers, pride abounds.
Assignments given, War bound, stomach flutters
Nerves steeled, loved ones calmed, plane departs
Landing bounce, wings groan, prop shudders
Days blur, nights swelter, soldiers cope
Hellish sights, endless nights, chilling fear
Departure nears, date held dear, family's hope.
A rifle shot, a medic yells, a soldier falls.
Holding arms, hard embrace, fear filled sighs.
Caring hands, calming voice, death calls.
Flag draped coffin, uniform medaled, homeward bound.
Coffin lowers, salutes rendered, flag offered
A mother's broken heart, a father's anguished sound.
---
Still remember that last week in the "Nam'. That said, I'd rather do that again that 4 more years of Trump.
Hey, How the heck is the crowd doing?.
Epstein is dead and the survivors will most likely have no problem getting his assets.
Trump's base camp of poor souls is not growing.
I'm thinking the sure way to beat trump is to elect Biden as the Democratic nominee because it's obvious the independents are for him and that will give him the numbers to win. I'd prefer Warren but Trump can not stay as president.
Other than that, AI, Big Data, proliferation of small minds, the extermination of science in our government agencies
and the disappearance of critical thinking - The world is superb. - for a while.
Maybe a little hot.
I leave you with an original poem I wrote back in the days of super sugar highs that I just refound when updating my computer.
Spectacles
A blurry word is a pest,
a missed meaning a chore.
But lost specks are best,
when never found ever more.
And not spotted by my darling
perched up high in my mane
after an unrightously load roar
and a heaping pile of disdain.
Specs not found by my love
sitting atop my fuzzy head
is a gift from the heights above
That I pray for instead.
Terra Tech Corp. Reports Financial Results for the Second Quarter of 2019
https://www.apnews.com/ACCESSWIRE/a7590df1e35ae3eb35a7420d4ff22f5e
Agree. I do try to keep a limit of my investments in the swamp but I am seriously thinking of adding. I may wait for the next shoe to fall with the 3rd quarter 10q. Three in a row would make it past satisfying all the way to impressive.
Agree. I do try to keep a limit of my investments in the swamp but I am seriously thinking of adding. I may wait for the next shoe to fall with the 3rd quarter 10q. Three in a row would make it past satisfying all the way to impressive.
Who knows? I'm more interested in the 4th Quarter. For now it's still a trade to me. We turned the corner and we have the rest of the year in front of us. The 10k will come out around Mar 2020.
If Derek manages to increase the run rate to 15.7/quarter, maintain or improve margins and stop dilutive financing he will also have to deal with expenses. He's hoping the revenues are high enough to eventually cover the COG and SAG. He's going to need Margins in the 70's or COGS and SAG reductions. The new grow ops should reduce COGS
but it will take hard work to reduce SAG. REducing COGS could be as easy as a phone call. REducing SAG requires changing workplace culture and that is difficult.
Lets say he gets a 16 million dollar quarter and the margin is 50%-60% then SAG needs to come in at the 8 million dollar range or less to break even or make a minuscule profit not counting for wind falls or errant expenses.
Take that same result and put in the context of a federally legal environment and the worm has turned.
Legalization is coming. Since it will be a hot potato at the elections the GOP would be smart to take it off the table and legalize pot in one quick move. I'm counting on it.
This is straight from the 10Q - nothing left out and our pest says it's cherry picked - what a laugh. Like the orange dude he likes facts that fit his agenda.
RESULTS OF OPERATIONS
Three Months Ended June 30, 2019 Compared to Three Months Ended June 30, 2018
Revenues
For the three months ended June 30, 2019, we generated revenues of $10.37 million, compared to $8.72 million for the three months ended June 30, 2018, an increase of $1.65 million or 19.0 percent. The increase was primarily due to increased Cannabis revenues due to our Dispensary year-over-year growth of $0.95 million or 14.0% due to increased customer traffic, improvements in store operational standards and enhanced product assortment. Also driving the increase over prior year is the development of cultivation and production operations, which accounted for $0.70 million of the increase.
Gross Profit
Our gross profit for the three months ended June 30, 2019 was $4.92 million, compared to a gross profit of $3.67 million for the three months ended June 30, 2018, an increase of $1.25 million or 34.1% percent. Our gross margin percentage for the three months ended June 30, 2019 was 47.4 percent, compared to 42.1 percent for the three months ended June 30, 2018. The increase in gross margin percentage was attributable to the Cannabis segment, which had $5.43 million and $3.11 million gross profit, or 52.8 percent and 43.5 percent gross margin, for the three months ended June 30, 2019 and 2018. The Cannabis segment gross margin improvements were due to an increase of higher margin private label sales, lower cost of goods from vendor negotiations and price optimization on top selling items.
Selling, General and Administrative Expenses
Selling, general and administrative expenses for the three months ended June 30, 2019 were $12.05 million, compared to $9.86 million for the three months ended June 30, 2018, an increase of $2.19 million or 22.2 percent. The increase was primarily due to (i) a $0.77 million increase in depreciation expense, (ii) a $0.54 million increase in amortization expense , (iii) a $0.47 million increase in stock options expense related to employee bonuses and (iv) a $0.43 million increase in marketing/advertising expense.
Operating Income (Loss)
We realized an operating loss of $7.13 million for the three months ended June 30, 2019, compared to an operating loss of $6.19 million for the three months ended June 30, 2018, an increase in loss of approximately $0.94 million or 15.2 percent.
Other Income (Expense)
Other expense for the three months ended June 30, 2019 was $3.20 million, compared to other expense of $3.68 million for the three months ended June 30, 2018, a decrease of $0.48 million or 13.0 percent. This improvement was primarily attributable to a $1.02 million increase in Other Income partially offset by a $0.51 million charge for Impairment of Assets.
Net Loss Attributable to Terra Tech Corp.
We incurred a net loss of $10.14 million, or $0.10 per share, for the three months ended June 30, 2019, compared to a net loss of $9.97 million, or $0.15 per share, for the three months ended June 30, 2018.
I'm not saying. I'm just saying. Great Job!!
Revenues up 19%, Gross Profit up 34%, Gross Margins up to a solid 47% and Net loss reduced by 33% to 10 cents a share from 15 cents a share.
Baby, the corner is turned!
RESULTS OF OPERATIONS
Three Months Ended June 30, 2019 Compared to Three Months Ended June 30, 2018
Revenues
For the three months ended June 30, 2019, we generated revenues of $10.37 million, compared to $8.72 million for the three months ended June 30, 2018, an increase of $1.65 million or 19.0 percent. The increase was primarily due to increased Cannabis revenues due to our Dispensary year-over-year growth of $0.95 million or 14.0% due to increased customer traffic, improvements in store operational standards and enhanced product assortment. Also driving the increase over prior year is the development of cultivation and production operations, which accounted for $0.70 million of the increase.
Gross Profit
Our gross profit for the three months ended June 30, 2019 was $4.92 million, compared to a gross profit of $3.67 million for the three months ended June 30, 2018, an increase of $1.25 million or 34.1% percent. Our gross margin percentage for the three months ended June 30, 2019 was 47.4 percent, compared to 42.1 percent for the three months ended June 30, 2018. The increase in gross margin percentage was attributable to the Cannabis segment, which had $5.43 million and $3.11 million gross profit, or 52.8 percent and 43.5 percent gross margin, for the three months ended June 30, 2019 and 2018. The Cannabis segment gross margin improvements were due to an increase of higher margin private label sales, lower cost of goods from vendor negotiations and price optimization on top selling items.
Selling, General and Administrative Expenses
Selling, general and administrative expenses for the three months ended June 30, 2019 were $12.05 million, compared to $9.86 million for the three months ended June 30, 2018, an increase of $2.19 million or 22.2 percent. The increase was primarily due to (i) a $0.77 million increase in depreciation expense, (ii) a $0.54 million increase in amortization expense , (iii) a $0.47 million increase in stock options expense related to employee bonuses and (iv) a $0.43 million increase in marketing/advertising expense.
Operating Income (Loss)
We realized an operating loss of $7.13 million for the three months ended June 30, 2019, compared to an operating loss of $6.19 million for the three months ended June 30, 2018, an increase in loss of approximately $0.94 million or 15.2 percent.
Other Income (Expense)
Other expense for the three months ended June 30, 2019 was $3.20 million, compared to other expense of $3.68 million for the three months ended June 30, 2018, a decrease of $0.48 million or 13.0 percent. This improvement was primarily attributable to a $1.02 million increase in Other Income partially offset by a $0.51 million charge for Impairment of Assets.
Net Loss Attributable to Terra Tech Corp.
We incurred a net loss of $10.14 million, or $0.10 per share, for the three months ended June 30, 2019, compared to a net loss of $9.97 million, or $0.15 per share, for the three months ended June 30, 2018.
Cannabis Dispensary, Cultivation and Production Revenues - 10,266
Tell me Mr Wizard why obscure the facts?
We own real property in Nevada on which we plan to build a CBD store. Additionally, we own properties in California that are in various stages of construction for medical marijuana and adult use cultivation and production facilities and dispensaries.
For the six months ended June 30, 2019, we generated revenues of $17.73 million, compared to $17.33 million for the six months ended June 30, 2018, an increase of $0.40 million or 2.3 percent. The increase was primarily due to the cannabis segment’s year-over-year growth, which was the result of increased customer traffic, improvements in store operational standards and enhanced product assortment. Also contributing to the Cannabis segment’s increase over prior year is the development of cultivation and production operations.
Our gross profit for the six months ended June 30, 2019 was $8.92 million, compared to a gross profit of $6.80 million for the six months ended June 30, 2018, an increase of $2.12 million or 31.2% percent. Our gross margin percentage for the six months ended June 30, 2019 was 50.3 percent, compared to 39.2 percent for the six months ended June 30, 2018. The increase in gross margin percentage was attributable to the cannabis segment, which had $4.94 million and $3.11 million gross profit, or 53.2 percent and 44.0 percent gross margin, for the six months ended June 30, 2019 and 2018. The cannabis segment gross margin improvements were due to an increase of private label sales, lower cost of goods from vendor negotiations and price optimization on our top selling items.
As of June 30, 2019, we had working capital of $9.97 million, including $1.92 million of cash compared to working capital of $12.06 million, including $7.19 million of cash as of December 31, 2018. Current assets were approximately 2.16 times current liabilities as of June 30, 2019, compared to approximately 2.75 times current liabilities as of December 31, 2018.
We believe our existing and available capital resources will be sufficient to satisfy our funding requirements through the second quarter of 2020.
We anticipate requiring additional capital for the commercial development of our facilities. The Hegenberger facility will require approximately $0.60 million in capital to complete. Construction for the completion of the packaging facility for Edible Garden will require approximately $0.80 million.
Cash provided by financing activities for the six months ended June 30, 2019 was $7.33 million, compared to $18.07 million for the six months ended June 30, 2018, a decrease of $10.74 million, or 59.4 percent. The decrease in cash provided by financing activities for the six months ended June 30, 2019 was primarily due to: $5.00 million less proceeds from the issuance of debt and $6.25 million for acquisition of non-controlling interest.
And do tell where are those sale proceeds accounted for Mr Wizard.
Be specific - what line are they accounted on. Or just be quite.
Terra Tech just turned a corner with good margins over two consecutive quarters and this quarter's revenues made a good move toward the 15.7 million needed to achieve a 63 million run rate and the last tranche starts shortly and will be the last dilutive financing for a while unless an M&A opportunity comes along.
That last tranche and the dilution it will generate will provide folks with a choice and it is coming shortly.
It's not a cut and dry choice. Another Fuzzy Panda could be in the future or any of the other penny schemes in this swamp. Terra Tech is still in a federally illegal business where most of it's competition is from illegal markets and we still have a government more interested in the hand and crowd size than in doing the smart thing and effectually launching a new industry with the promise of jobs and a new stream of government revenue. But before Marijuana can be regulated or legalized at the federal level the work of science has to be done and we are getting rid of our top rated scientists at an alarming rate in several departments. So, no the choice is not easy or certain. I do not know any consequential choices that are.
I've already made mine. Good luck making yours.
If the dilution ends it would be decent. It's in his plan. We should hold his feet to the fire over the Margins, revenues, and dilution. The only exception for me would be an M&A move that was additive to margins and revenues without inccuring more expense.
I'd guess a lot of expenses incured with the changes and litigation will disappear in the 4th quarter we might even make a buck.
I have to go. You take care.
Yes, there are some great folks in that stock. And frankly the idea seems to be a great one but then what does a old guy know about the youth today.
Cherry picking is your choice of obscuring the facts. Nothing you posted is out of what I said. Trading has no limits - it could be an hour or months. You are so funny in a sad way.
"Our gross margin percentage for the six months ended June 30, 2019 was 50.3 percent, compared to 39.2 percent for the six months ended June 30, 2018. The increase in gross margin percentage was attributable to the cannabis segment, which had $4.94 million and $3.11 million gross profit, or 53.2 percent and 44.0 percent gross margin, for the six months ended June 30, 2019 and 2018. The cannabis segment gross margin improvements were due to an increase of private label sales, lower cost of goods from vendor negotiations and price optimization on our top selling items."
http://makdaily.com/terra-tech-corp-filed-10-q/
Terra Tech Corp. (TRTC) CEO Derek Peterson on Q2 2019 Results - Earnings Call Transcript
https://seekingalpha.com/article/4283596-terra-tech-corp-trtc-ceo-derek-peterson-q2-2019-results-earnings-call-transcript
Great job spouting BS - again - The Son Of Norman? or SON Easier and less redundant than RobotAndroid.
I never held TRTC except for about 6 months after the RS just to try averaging down - bad idea. I was expecting legalization to be faster.
But riding the price from the .20's to the .40's for over a year was a lot of fun.
I think I made the only choice in the US MJ industry. All the rest of the Canadians are already in trouble. Canadian business is way to laid back and they always screw up at lean supply principles. Their debt loads make them a horrible choice IMO. The rest of the US are more fur than meat and some may do well but they will not be a moonshot just a a bottle rocket.
If this does well and becomes a moonshot I really don't care if the lift off is at sea level or on the peak of Everest at 29 thousand feet. When the trip is 240,000 miles shorting it by 30000 is not worth crying over.
I'll be here for legalization and probably beyond. Leaving when the revenues are at their best ever is not the choice I would make.
When I first started in the market in 1976 I was impatience and lost my ass or reduced my wins by half jumping the gun. I've learned. I hopes other do.
The best DD you can afford + Patience = profits. And the most difficult in that formula is PATIENCE.
Good Luck to you, I've seen your name on other stocks I've played with over the years. Shame about that board game stock - maybe patience will pay off there also.
I think anybody who know the past would expect what we have today or worse.
I expected worst - actually was hoping for .3's.
I track 36 MJ or MJ related stocks and I see only a hand full up today so it's industry wide.
When we get a government worth spit our expenses will halve.
Why?
Everything in the Three states have to be stand alone entities which drives expenses out the roof for functions like HR, Accounting, Inventory, and manufacturing.
The second any function crosses the borders you are inviting the Feds into your business.
Do what you need to do. The revenues are at their highest level. Gross margins are great. The CEO is doing what he said was his priorities.
This sounds more like another pest's post. Good twist though Buddy if your are part of the crew.
Revenues the highest ever. Gross Margins over 45% for 2 consecutive quarters. TRTC is a going concern in the top tier of the OTC.
Looking at your current and past picks I can see why you need flip flop money. Really poor choices. Sell that TRTC stock and at least stay consistent.
Net income - an NEGATIVE 108.21 million dollars in latest quarter.
https://www.marketwatch.com/investing/stock/APHA/financials/income/quarter
They beat expectations.
So did TRTC.
Most MJ stocks down. Every MJ stock is in debt, Every MJ stock posts losses.
Very few with margins as good as TRTC. Almost none with a revenue growth as large as TRTC's this quarter.
The paid PJ's and flip flops crowd is here. So far not much effect but they will try harder.
What did they lose so far to date this year shorting? 690 Million.
What shoes does one buy after your best is flip flops with losses that large? Cardboard?
Congrads folks.
I hope you guys protect your wins. No News since May.
The charts use a simple formula for figuring Gross Margins.
(Revenues - COGS)/ Revenues There may be times when other factors are included. Jun 2018 must one of those times.
Cool, To bad about all the problems the past few years.
Hope pot works like groceries - first mover remains first