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You can like a company but don't fall in love with one.
Between now and rescheduling by DEA will be the rough patch.
Or do you think a profitable business in MJ is possible without any tax exemptions for expenses and no banking?
No amount of BS Public Relations releases will change the fact that until DEA acts TRTC is on hold and will be borrowing cash waiting. They are in a lot better shape that many other pot stocks because they have the legal side of their business to help pay expenses.
I am not participating in the wishing and hoping, irrational BS, or the extreme negative BS on either side.
It's nothing personal, just business.
Good post.
Seems to me, the big picture is whether they can get profitable before they become insolvent. Unfortunately it all depends on outside forces. There is not much more they can do other than borrow today and fight like hell for a tomorrow. To bad the numbers don't support some folks expectations.
I think if they make it through this rough patch it may well be the deal of the century but for now it's just not a deal.
Want to bet?
Total Bull feces. The assets were sold to a third party. Kinda like when you defaulted on your house and it was auctioned off. So TRTC got a sweet deal on the only assets worth anything (pennies on the dollar) and the stock holders were left with what common share stock holders are always left with - nothing, zilch, nada, nix and no where to go.
The money that TRTC paid for those assets went to the bond holders or the preferred stock holders or any debtors with a valid claim.
Class action lawsuit - what a dumb thing to say.
Agree. I might trade a bit for a while if it keeps the usual AM drop. PM pop.
DEA Schedule II is the holy grail. -
Forget Green Door, Parker, Elvis,
Until then it's all hoping and wishing.
No Business tax exemptions. Means every dollar is taxed. No Profits because expenses will eat all the profits. Kinda like we saw with the 1st Quarter results.
Also, what monies that are made will not be accepted in any bank. Big deal. How do you pay vendors, contractors, employees? With Bitcoins? Cash?
Terra Tech does business interstate. How's that supported? Hopefully they are keeping Edible Gardens monies separate from Pot monies until Reschedule and the rules change.
Cash business and No exemptions. Might as well open a lemonade stand and donate the proceeds to the Girl Scouts until reschedule day.
Terra Tech will have to live off of stock and Edible Gardens which does make money.
The volume will stay low and the bears will run the show.
Longs will be OK because the long term still looks good if the DEA doesn't take longer than TRTC can survive but they ought to stop looking at the ticker for a few months. Just go take a vacation.
Traders are going to have to really like gambling because the volatility will get hairy to say the least. We could see the 20's or the 40's and all in between in just a week's time.
My wild assed guess is a .20's-.40's roller coaster the next two months. Until DEA is closer, I'm mostly on the sidelines.
I sincerely hope I'm dead wrong.
Watch for the 2PM express. Hope it holds above .375
Watch out for the 2pm express.
Did anyone hear the Green Door Connection? I've listened three times now and still fuzzy.
I believe DP and team hired the Green Door management team to manage their Oakland Blum store. Maybe even using their folks in Nevada to get the ball rolling.
These are the folks they made the leadership deal with - not the existing Blum management folks. What was it 50% of net for at least 9 months?
I like this better than the existing Blum management. Sounds like they put some thought into sustainability and got the best they could find and that turned out to be Green Door management.
It has to break .375 now - not at 3:57 PM and if the day follows the norm then between 2:00-3:00 there will be another sell off.
If it breaks .375 at 3:57pm then it will fall monday morning.
I'll be around for next week. I hope you are right. I'd like to loose this time.
If it doesn't break .375 it will do the same low volume slow drop next week as it did this week.
I understand completely. I love the company and the idea of a vertically integrated pot stock and the Edible Garden stuff just wows me completely. Kinda like Solar stocks. Eventually solar will be the power we all use. I've used solar for years now and I could not imagine going back. But investing is solar stocks has been a disaster for most folks. Until the laws change I'm afraid so are the pot stocks.
I got a better use for the bulk of the money for the next two months. So I have a presence in TRTC but much reduced.
I don't see it getting above .40 anytime soon and I'm saying that with a frown not a grin.
Better hold or look out below.
I sure wish you were right but there is nothing to indicate that you could be right other than 'wishing and hoping'. I listened to the call for the third time today and it doesn't give any forward guidance until next quarter. Next Quarter is the earliest the Schedule could be changed. I don't know about other folks but riding the low volume roller coaster is not something I will do.
The Reversal was 5 May 2016
True. And alive for only a few months. 4 months if my math is right. They are betting on the DEA decision in Jun/July. Other wise they will have to raise more money or worse.
I like the sentiment.
A lot of prisons could be closed much to the disappointment of the prison industry, the state and local police coffers, the doctors, the lawyers, the 'tough on crime' politicos, the legal opiod business, the military, not to mention the other half of the population who believe 'The War on Drugs' is winnable.
I don't know. I use limit orders every day. They have given me 'free' shares for quite a while now. As well as saved my gains and reduced my losses.
My holdings in TRTC are reduced today but not gone. I believe in the company.
I do not believe in the Government, (State and Federal), doing the right thing. Between now and when they do, TRTC will be on a low volume roller coaster with idiots at the wheel.
I'd be careful for a bit, .375 may prove to be a tough line to cross.
I'm staying as a trader until it settles. Still money to be made. Like now at the .375
I think we need to break .375. Looking at the charts that was a support level and is now a resistance level. Next drop seems to be to .34. After that it's to .28 or so.
I think it will continue until schedule II. I'm just trading until that gets closer. Doesn't matter what the states do, because profits will continue to suffer until DEA acts. It may even be after the elections. It may flounder here for a while.
That you think TRTC is a scam say it all.
1. Edible Gardens is a decent startup business that has all the normal problems startups do. It will be profitable if it keeps going in the direction it is on.
2. The dispensaries do exist and will make a ton of money once the laws change. They will not make any serious money until the laws are more favorable.
3. The IVXX brand is real and as reported all over the place folks are moving toward the smokeless forms of MMJ so that Derek is expanding this is a smart choice. But again the laws have to change.
4. The laws will change. I bet sooner rather than later.
What is a scam is you dolts that spend your time trashing rather than something constructive. Find the unvarnished facts - then try to cover TRTC and your reasons for not investing in it with more than one, one syllable word, "Scam" if you report only the bad then nobody will ever take you seriously. Same as no one takes the folks who report only the good seriously.
Everybody knows fair value - I have a fair value for TRTC. You may also - you just don't know it.
Price is below fair value and a bargain.
Not reporting quarterly results for an entity that was not present the entire quarter is common.
If any longs sold they ought to buy back now in my opinion.
The same folks that pumped the stock up to .41 sold it down to .35.
They needed the drop to get more sheep to follow the drop down.
Same old morning dump from yesterdays .392 Someone wanted to make it look dramatic and jockeyed the price up to .41 so the drop would look bigger. Then the shitheels come in and make a chorus of Boo's
Nope, They are dealing with a piss poor legal framework, a non existing banking system and a hodgepodge of state laws that are causing financial harm on many of these companies.
The only consistent money maker (and it did very well this quarter) is Edible Gardens. Maybe the new smokeless lines contributed a little.
So for the time being I believe Derek is waiting for Schedule II which will fix many of the issues that hinder profit and he's opted to increase product lines, grow Edible Gardens and look for acquisitions in states likely to pass favorable laws.
The statements about possible inability to become profitable have to do entirely about the federal and state governments ridiculous actions concerning MMJ. Out of all the MJ stocks there are none better to reach profitability quicker and better than Terra Tech. When The Schedule is changed then we will find out who is right. If it doesn't happen with the DEA it will happen with the presidential pick - assuming America does not loose it's collective mind.
Right. And why is that?
Right. And why is that?
Answer this question. Why is the margin low?
How many of these are there?
I'd bet another 'Super Critical' CO2 thingamagiggy is going to be a capital expense this quarter.
I sure hope so. It is a value added expense. He might wait to schedule II and get a tax break on capital equipment like every other company - except cannabis companies now.
CEO's don't like 'super critical' pieces of equipment that are a bottleneck and limit a value streams income.
For folks that despair and wish there was more. More PR, more news. There is PR and it's not generated by Derek and crew but by the country as a whole. But you may have to wait for it.
UNTIL DEA RESCHEDULES IN JUN OR JULY
UNTIL SECOND QUARTER REPORTS
UNTIL STATE ELECTIONS on MMJ and Rec MJ
UNTIL NATIONAL ELECTIONS
UNTIL THIRD QUARTER REPORTS
Do not miss the real PR and the inevitable meteoric rise of TRTC.
Sounds to me there is no ownership by Terra Tech of Green Door or Visa Versa. Sounds to me there were existing arrangements in place between Blum and Green Door when Terra Tech aquired it.
Some of the product overlaps. Not the companies
Schedule II will do it.
Revenues. For the quarter ended March 31, 2016, we generated revenues of approximately $1.55 million, compared to approximately $763,000 for the quarter ended March 31, 2015, an increase of approximately $785,000.