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Let me respond to your career post # 3380. TRTC has not survived on Earnings. Only stock manipulation and reverse splits have been used to prop up this so called enterprise.The unwise shareholders have nothing to show for their investment.
I am a major shareholder with my company. My goal is to get my management team to do the right thing. Stop this merger! I am also trying to help other shareholders who have had a bad prior experience with TRTC and sold off their shares to get away from a lousy management team. Now to their horror they could be involved again with this lousy management team. Game on!
I sent a heads up to our management team about what happened last week regarding all of the stock promoter posts.
Unless insiders buy up the shares to prop up the SP new investors would be hard pressed to buy into a financial mess. One or two days of propping up shares will not be enough! Better to call off the merger so TRTC can eliminate all the chatter and get back to saving the brand. Buying shares in a company that is not performing is out of the question for new investors. Great time for daily flippers but not for long term investors.
And the entire management team!
Was it the holiday or are things quiet? I am ready to respond to the posts because its getting easier after learning about the history and business practices of their management team.
Ripping people off is never a good game plan. Perhaps if they had just focused on building the brand, choosing good locations, creating good customer satisfaction it would actually meet the criteria most successful companies use when building a successful business. TRTC is under performing as a result of bad business decisions and poor financial management. The ADverse Opinion issued by the auditors spells this out clearly. Facts are TRTC has never made a dime and will be red for quarters to come.
No need to rush to buy cheap shares. Everyday the price to buy cheap shares will be better than the previous day.
Nonsense its why this company can't get a handle on quality growth that will be the path to profits. Investors aren't giving money to a company that just want to speculate and make predatory profits off others.Better off making the right choices in what they are doing without constantly having to sell an asset that is losing money.Consumers rate Blum as overpriced and not competitive. Poor locations and inferior Brands IVXX. The company is a mess.
To All Sending Info to GLDFF. Make sure you send to the email posted for the CFO on the companies web site. It wouldn't hurt to send to both but definitely send to the CFO
Rather than build up the Brand improve cultivation TRTC would rather buy licenses that they cannot use and sell them for profit. Tells me these are not the moves to actually grow the company which is why the company is not performing. Quick buck profits and game plans are why today the stock opening bid is 1.50
Peterson indicated 4th Qt would be about the same as 3rd Qt. Company is under performing all around. Too much focus on acquiring assets and not enough spent on developing product, brand and gaining a loyal customer base. Buying licenses just to resell for profit is not the way to build a business. That's predatory. Licenses should be required to be used by the party that was able to get the license.
One further comment on those sales. I do not believe a new investor purchased those shares.Not with the 3rd Qt. and the continuing drop in SP. That would just be too risky for that large of a buy. 1000 shares ok but not 20,000+ and 30,000+ Had to be an existing shareholder. A real believer. But you never know. Time will tell.
Those sales at the end of the day I think shows the no confidence that two investors had and they were not willing to wait and see what tomorrow brings.They were good size trades. It was a very light trading day overall. If this sentiment prevails on a much larger trading volume it could get ugly.3rd Qt results was the killer. If things turn ugly this merger has a good chance of ending and I think GLDFF gets a nice relief from merger rally. Again you have to do your own research and assessment to determine your course of action.
The 60 were two sales of 30,000 plus and 20,000 plus. Finished with a 100 sale for 1.51
OTC shows 60,000 shares closed end of day for 1.50 . small trades during most of the day. I guess waiting for some direction and decided to sell at the end of the day. Tomorrow could be interesting.
Looks like trades all day long. Light day of trading under 300,000 shares
OTC does show trades so must be your account
Was it after hours?
Please forward to GLDFF in case they do not have this.
Investors are bailing because not only is TRTC losing tons of money but GLDFF is also losing money and will not be profitable till 2nd half of 2019. These are the wrong partners. Neither has the cash to take this merger to the point where there will be profits. This merger required a large beverage company with lots of cash to overcome all the toxic debt and notes payable which is also inching TRTC to the brink!
The news of this merger is even having an effect on the Big Board Stocks are down 450 points which many believe is a result of this merger.
I trade with TD and do not see where trading is halted. Can you confirm trading is halted
I will never tell you how to handle your investments. I do not take a loss just because things feel bad. Look at the other side. What rational investor would buy their stock when it has declined sharply and just reported terrible 3 Qt results. I do believe this will have an outcome that will reward those who waiting for things to come to the surface and for a chance the information needed will be forthcoming.
Great spin on the latest asset sale only talks about what they paid for this failed investment and the sale price. The narrative is that management is able to even make a bad investment a homerun. Nothing else matters. How about the years the investment lost money. How about all the acquisition costs: Attorney fees build out fees property taxes and a multitude of other fees. This investment was on Shareholder money not from income generated from operations. What about the costs to dispose of the failed investment? What about the lost opportunity that a better investment could have provided. Its always a spin on good management in action. They are so good the auditors issued an Adverse Opinion regarding this management's dismal lack of financial controls. Now that the talk of a merger is dragging down the SP of our company combined with the decline in the SP of TRTC the whole deal really starts to stink. Only propping up the TRTC stock can the price not free fall at this point. 3rd Qt 10Q would scare away any smart potential investor.
The real sale that has any value is the value former shareholders gained by dumping this stock and purchasing worthwhile investments. Let see if the 67% decline in SP continues over the next week or is their 3rd Qt losses somehow going to induce investors to buy in?
Look at this proclamation!!! All profits no costs! What about all the losses this location cost the shareholders? What about the Toxic finance charges to purchase this terrible investment? What about the overhead, salaries,property taxes, utilities acquisition costs, attorney fees. They always tell you how they turned crap into gold! Always selling a narrative that defies real analysis.Most of all what about the Opportunity Costs that could have resulted in a good investment that would have resulted in profits for the Shareholders. The money to buy this failed investment came from the shareholders. It was a bad deal. That is why the auditors issued an Adverse Opinion that clearly states this management has no financial controls.
GLDFF gets permits that they intend to use not flip. I bought stock in a company that was cultivating and selling pot not permits. GLDFF puts its assets into its facilities to create better brands extracts, oils cbd products. This will grow market expertise and market share. Building a catalog of permits seems to be another business and has nothing to do with creating customer satisfaction and brand loyalty.
So the assets from the sale are already earmarked for another purchase of a location? The Balance sheet has cash on hand just over $3 million Loosing $7 million a QT from operations will wipe out all cash on hand.
No but we are to be cash positive 2nd half of 2019. The $12 million cash on hand gets us to that stage. We cannot cover your losses and the due diligence will absolutely bare that out. Our losses are exactly what were projected all along. Our Canadian grow facility is making profits and added exactly what was projected. GLDFF has been growing nicely and has quality products and great management. Too bad this merger is even in the picture. The merger is dragging our stock price down. Thanks a lot for bringing your problems to our company. The investor pool for the Pot OTC market is very limited. You can read the horror posts from former investors who want no part of this merger.I'm an investor not a stock promoter.
They are losing money big time!They created an infrastructure that they do not have the revenue to support. The shortfall will affect the toxic debt which is what will wipe out shareholder equity. I am glad you are comfortable. You have no other choice. Not sure when you bought in but it was $4.00 just after the RS it was 2.85 in June. now 1.57 This has every possibility of going down another 50%.
Your management team has created the financial mess you are stuck with! Never any profits always looking at pie in the sky dream of if and when this happens things will be great. Recreational pot is a least 12-18 months away. Bankruptcy is more likely the end result. $7 million loss from operations and $13 million total loss. Revenue was down $2 million Cash on hand was down $2 mil. Selling off assets which now are acknowledged to be bad performers and bad location. No one should trust the judgment of the management team--the auditors Adverse Opinion clearly states there are no financial controls. Lets see this week how investors feel about buying stock. Let see how current shareholders feel about the lousy results. The merger was the only thing that was positive that was used to put lipstick on a pig!
All the posts can't erase the fact that 3rd Qt was a disaster. This will require additional time to see 4th Qt results and most likely 1st Qt. 2019. I think most investors are concerned that the company is headed for bankruptcy and will wipe out shareholder equity. Lousy performance history lousy auditors Adverse Opinion and lots of insider trading. An investor that might have thought now is the time to buy can't possible hold that opinion with 3rd Qt, results.Stock down 67% since June. Add to that all the shareholder pressure to abandon this merger. Our 3rd Qt was exactly what all of us were expecting. Our CEO and CFO have never declared bankruptcy nor ever wiped out shareholder equity as has been the case with the other management team.
Thank you former TRTC Shareholders for coming forward and sharing your past experiences. Your information is 1st hand information and will bare much more credibility to our management team than just passing along articles and personal opinions about terminating the merger. The great thing is this segment of investing is very small and a lot of the investors know the players all too well. What would have worked would be a merger with a company like a beverage company whose investors most likely never bought a pot stock. You can't sell a bad idea to an investor who already lost money dumping shares to get away from the same lousy ideas.
Can you contact all the other TRTC shareholders and present a petition to Derek Peterson that he needs to cancel this merger. If the TRTC shareholders and posters would keep to their HUB site I am sure we would do the same. Truce and let them do the due diligence without all the stock promotion!
When you examine each move you see money invested and no profits to show for the investment. But we are told post after post how glorious all of the moves are and more pats on the back for a job well done. At this juncture enough of the empty promises we have heard you and it doesn't and will not make a difference in our opinion as GLDFF shareholders regarding this merger. No GLDFF shareholder is stupid enough to want this merger!
And today it trades at 1.57 No matter what facts you try to promote this company with you still have to look at the results.The company has never made a profit. The CFO makes 1.5 million The CEO buys a 3.5 Million dollar home. The shareholders have a lousy stock investment while the insiders continue to profit as if they were doing a great job! You wouldn't mind good compensation if they could produce a net profit. You actually posted just before the conference call on Thursday morning that you expected 3rd Qt to be better than 2nd Qt. Always spinning a narrative of what great execution and promises kept by this lousy management team. Good thing 4th Qt. will be the same as 3rd Qt or maby the company goes PINK!
Just have to keep supplying info to Craig Eastwood. I know they will need additional approvals after any due diligence so there may be time to see not only 4th Qt results but also 1st Qt 2019. If you have to keep selling assets to keep the doors open it only raises more concerns about their competency. Now they think they can make money flipping licenses. Better to focus on quality something their Brand products and locations lack!
I wonder if any of the wild fires in California will have an affect on facilities and business. Only half way thru 4th Qt. If this Qt is a disaster like last Qt. percentage wise you would have a better chance of getting off the Titanic.
If against all hope the deal go thru I certainly not be a long investor. The longer you stay the better the chance of getting hosed.