Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Way past the 'idealism' phase. Fully in the 'realistic' phase. "You get what you expect" does not work with people. "You get what you allow" does work with people.
When I retired from the military was the last time I saw any consideration given to "Do The Right Thing". Corporations are amoral. They do what they need to do to feed the bottom line. Individuals in the corporations are normal fairly decent folks. Corporations are not. They have no allegiance to any country, no honor, no ethics, no courage. They just act and they act in their best interests - always.
Sometimes that may be something that has the appearance of morals or compassion or honor but it is only the appearance. In meetings "the appearance" of a problem always comes up and often has a large effect in the choice of actions. You can disagree but It's just because you never looked behind the curtain.
Excellent again. Thanks for explaining it better than I could.
As long as you have been here, you should write a book on the characters. Interesting stuff.
Only if he is forced to. Buyer Beware is the thought to keep in one's mind when purchasing anything. And what is called Due Diligence here is important in every aspect of life.
They only make it public out of the public safety arena.
You go to your dealership and get your mileage service done and you find out recalls the company was in most cases forced to recall and repair. What a laugh. They do not voluntarily report. They are forced to report. Like VW was forced to report the mileage claim fraud or like the current airbag mess in Jap cars. Ralph Nader, started it but it's never been voluntary. It's whistle blowers, reporters, lawyers, consumer orgs, and governmental regulation bodies that keep the Business community in line but since Reagan the regulators are basically a rubber stamp of approval. Their budgets and manpower have been cut back in many areas to a dysfunctional low level administrators who's ranks are filled by a 'somebody's nephew' class of folks. It's up to you to wash that bag of spinach picked in Mexico and it's up to you to suffer a 3 day stint sitting on the commode if you don't get it all.
The guiding principle in business has always been and will always be "Buyer Beware" and the consumer's principle protection is what folks here think of as 'DD'.
Shit happens all the time, production delays, material delays, Equipment failures and any number of production screw ups and delays because most humans are generally fallible folks who generally try their best but fall short, all the time.
Shareholders see the results of all the good and all the bad in the numbers.
Do you actually think the CEO's of any large corporation doesn't know when issues are impacting his business? They all do. The CEO of GM gets a report every day that tells him how many cars he produced at each plant. He knows if he will miss production numbers or sales numbers on Corvettes well before the quarter is over. But John Q Public will not know the day it became apparent to the leadership that a miss would occur. Hell there is a whole industry trying to find out and guess what the earnings will be every day. And you want personal attention.
He gave us acknowledgement that a screw up occurred and that it is rectified. What he put in place to prevent additional problems would be nice to know. But since the company is so tiny why not jump a jet and ask if you are so concerned.
I own stock in GM. The CEO knows if he will miss sales figures for 2nd quarter right now. He just won't tell me. Gee I sure wish I knew. I could sell some stock. He will tell me in the 2nd Qtr Report and he will tell me why on the conference call and then he may already have a fix in and tell that also. Great. Maybe I should ask for insider information, you know, a heads up that Betty forgot to buy enough paperclips or John screwed up the formulation for that special sauce at McDonalds ( A great dividend stock BTW)
The SEC is going to pet your ruffled feathers if you are lucky and file it away in file 13.
Personally, I think the catalyst is 'way oversold' Next is DEA, 2nd Qtr, 3rd Qtr, Elections, and anything DP can fit in between that reports progress.
If DEA fails to act the 2nd Qtr can make up for it with real growth by more value added spend, less non-value added expense, more revenue and better movement toward profitability. No more screw ups would be nice. He should listen to the great CEO. It's not just what you say but how you say it.
Looking at the 10day/30min candlestick chart. .28 is resistance from the SMA 50 and a past support level. Break through .28 and it looks like clear sailing until .38. Seems like .28 will be a tough nut although it gave up the ghost pretty easy on the way down much to my surprise. If I remember it was hard going through it the last time we were at this level.
Sorry, I like Clay's old charts using the 10 days and 30 minute candles. Just seemed more timely, more pertinent. Averaging in numbers for 3 or 6 months makes everything look better. But who is interested in looks?
Been looking at charts all day. and I've come to the conclusion I am good at fundamentals and a novice with charts. Been looking at the hammers on several recent upswing charts. Ours reminds me of a tack hammer. We need a sledge hammer.
I agree. Canada does things different.
Kinda like Mayberry RFD and Canada only has one bullet for it's gun.
I don't know about Canada being our role model.
I think with the present push for States Rights we may end up with a hodge podge of states with different rules. Just like the liquor laws, or gun laws, or even tobacco laws. It is so American to be so independent and so confusing. They may have to add an M to the ATF logo in the near future. Maybe MAFT.
I agree no excuses but there will be no SEC and it will happen again. It is institutionalized in all the markets. No excuse and no change. So what's the beef? It's like complaining about the zero and double zero on a roulette wheel. Yep, the game is rigged but it is the only game in town.
What's your take on this. I see this as limiting the FDA's involvement - maybe stopping big pharma from taking the market.
http://cwuobserver.com/8118/the-evergreen-scene/dea-considering-decriminalizing-marijuana/
What was it? 234,000 shares after the mistake and before the Quarterly report? You really think that is enough to warrant all the hubbub? Can't be the principle of it all. There are none in the OTC as far as I can tell.
That's Schedule II, that may come this next month.
I would not like that as an investor.
They should try to uplist on their own merit first.
R/S should be the last resort. If they make it on strength then it's worth staying with the stock after R/S. If they R/S to uplist then the requirements may make it tough going for months and months and it tells me growth is not as robust as it should be in the first MJ company on the NASDAQ.
DP is gonna R/S 100 to 1 and trade all his super duper shares for common shares. Then sell all his shares and burn the place down for the insurance and take off with the MJ, edibles, vapors and oils. Then head south and take El Chappo's place in Mexico since he got caught. Yeah, that's the ticket. G and N means GriNgo.
Man just read the filings it's all there. It's on the back of the s-3 written in crayon but you gotta hold it up to the mirror and squint real, real hard.
All this depends on your view of the stock.
View 1: If you think it is an expanding growth company with the potential of up grading to the NASDAQ - SWTF - in a growth environment we have the choice of staying or leaving when the R/S happens - if it even does. Ever seen an expanding company on the big boards do a R/S? Nope. They go the other way to get more investors.
View 2: If you see a pump and dump BS stock with nothing real to offer then Sell it.
View 3: If you are unsure, don't know, worried about the risk. Then Sell it.
Terra Tech management may not spend all their waking hours worried about our shares, our feelings, and our visions for the company but they do need the shareholders collectively. A R/S anytime in the near future will be the stupidest move ever if you hold View 1 and if you don't then Reread Views 2&3.
So what is this big R/S boogeyman folks seem so worried about?
Are one of the provisions that they will somehow make you keep the stock when it goes to zero?
Some folks like fundamentals, some folks like charts, me, I just toss chicken bones and look for TRTC. Came up today. each to their own superstition.
Baseless case. This is America. By God, we can shoot kids in school, prescribe medications for acne that can kill you, Put lead in the water supply, declare wars for no damn reason, and elect Reality TV stars to do it all over again.
What makes you think you know the mind of anyone well enough to know with certainty their motives for any of the above or for selling a few shares of stock. You don't, no one does.
No tape, no phone log, no conversation, no case.
I'm tossing this case out of court because it has no merit.
Go ask a lawyer. any good one will tell you the same. But you may find one that, for a few thousand dollars and a few months, will eventually tell you the same. Your choice. And if you get to court in the right state you may be stuck with the court costs when you lose.
Personally, I'd rather save the cash to buy more TRTC.
Green Door, Reverse Split, pick your poison. It is amazing how often these same old known issues get hyped. Getting old. Try a new tack. That one ain't effecting any ones choice to invest or not. At least Sleek had the grace to disolve into free electrons.
I kinda liked the unqualified girlfriend angle better. Having a BS in design doesn't qualify one for directorship does it? I mean look at Sam Walton or Mark Cuban heck they both had Harvard degrees and MBA's from Penn's Wharton school or was it MIT Sloan school? I forgot.
Jumbo was told by some folks today he picked the bottom just right. There was some electronic bowing and groveling and it went right to his noggin. The 'God Complex' is easy to get in these anonymous arenas. It was rampant in the old usenet. More 'Gods' on that net than Greece came up with in a thousand years.
FDA not in the loop of regulating MJ according to this article.
http://cwuobserver.com/8118/the-evergreen-scene/dea-considering-decriminalizing-marijuana/
No you are not. You probably know better than most folks do. The disappointing thing for me and which caused me to dump all my stock right after the QR was the fact that the money they spent was to much for what they did. They did not build out the NV locations enough. They did not put anything into new acquisitions except foot work. They spent it on redoing their mistake. And the mistake not only cost the cost of redoing the product but also occupied the system that could have made sellable product. So they tapped into Edible Gardens terrific revenues and the quarter was lost. One quarter does not make a bad company or a bad CEO. As long as it is not repeated I'm OK.
Property, equipment and leasehold improvements, net $7,314,449
Total Current Assets
3,273,345
Revenues - 22 Million est
32 million extremely conservative without any $ from MMJ despensaries.
A real company - way past a pump and dump like the vast majority of the stocks in the OTC. Derek did screw the pooch with the IVXX screw up. but the company still has a good chance of seeing the NASDAQ
What a laugh. I'm all in with cash I can lose or not. Might lose it or might not. Your opinion is clearly biased and worth spit to me. Thing is, you clearly have nothing better to do - wow what a sad case.
She is right.
I had to ferry obsolete aircraft to California years ago and me and my copilot would stop in Vegas, throw on some civies and party hard for a night every flight. Well I'd go with an extra hundred bucks to either win or lose on the crap tables while my buddy watched. When I lost a bit he'd always tell me how glad he was he didn't join me on the bet. If I won a bit he was always kicking himself for not jumping in with me. I never really kept track of the winning days and the losing days but one thing was dead certain my buddy at the time never experienced any. He just spectated. The only reason I kept bringing him was the gals just flocked to him.
So the moral of the story is "Shit or get off the 'Pot' stock"
Great Article
http://www.businessinsider.com/marijuana-industry-challenges-2016-5
"Lots of money on the sidelines" I loved that part. Means The price will do more than just pop. It will go and keep going. Energizer Bunny time!!
Green Volume = GO
At some point a stock with assets equal or less that their share price will be brought out. There are sharks in the water even in the OTC pond.
Yep, I was wowed by that announcement. I hope Derek keep that business going strong. It could be the real reason for future profitability after pot is snagged up by the big boys.
I do believe it will end up in Big Tobacco and Pharma. Just like tied dyed shirts that you could only find at hippy shops in the early and mid sixties eneded up at department stores in the late sixties. But it was a few years. There is money in the beginning that can be made in the right pot stock.Then maybe Altria might be the best or RJ Reynolds. MO has always been good to me.
Now that would be an interesting job. It's funny but folks are different when you get them out of the suit.
Maybe. The FDA has been gutted since the Reagan Administration. There were decades upon decades when you would not get the shits from eating at a restaurant. Honestly, sometimes your posts are very reasonable. Sometimes not so much. Maybe get the emotion out before you post.
To bad for them. When I was in the military years ago. I used to make every Friday 'happy hour' at the club just to get an earful from the guys who worked for me. Be surprised how useful it was. I guess folks these days don't like to hear the truth to much anymore.
Have a great day. I'm going to sacrifice a calf, ( at least a few T-bones) to the fire gods in hopes my unworthy present will result in a favorable day tomorrow.
It will be fun to see if there is an answer. What are the rules on this board for insiders. Any ever been suspected here?
I agree. If the price would cross .30 I'd sell and re buy again before the DEA date (if there is one). If it continues to slide I'll just keep what I've got and wait for a bottom to start averaging down.
Good point but they do have restrictions.
Thanks for the info. Might have to put on my 'bucket list'.