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Isn't the $13 million for buildout included in the $75 million S3 registration statement?
Actually it is spelt out clear as day in the pre14 that B shares don't split along with the commons.
What does MJ being a schedule 1 drug have to do with them R/S or not? There is nothing stopping them from doing a R/S.
What is food for thought is there are insanely profitable MJ and hydroponic produce businesses that did it without going public and going $50 million in the hole.
Where are you getting they need to raise 88 million?
It is not a mistake and it isn't illegal.
What? You mean there are extremely successful and profitable MJ companies out there that didn't have to go public and bilk shareholders out of $50 million dollars to do it?
He was the author? Got any proof of that? I'll be waiting.
No, listen again more carefully. He said if needed for financing.
Really? Read the affidavit on how they conspired to keep Rush's name off of ownership of the dispensary and the fake 1099's etc. This was before Kauffman turned informant.
At least those companies can keep product on the shelves without having to discontinue them for "quality issues".
Lol...ok.
Harborside, Dixie Elixirs, Bhang Chocolates etc etc etc to name a few.
Hence the "vote" in the pre14.
In reality the CEO and other executives are employed and answer to the B.O.D. who are elected by a majority of the shareholder voting power. And in this companies case (as is with almost all penny stocks) they are all one and the same. So technically they only answer to themselves as common shareholders had no say in electing directors nor any say in removing them.
Reverse split is not off the table. No where, nit in the Confrence call nor SEC filings does it say only for NASDAQ uplisting. DP and the filings talk about RS in order to meet financing needs. And FYI even after raising the AS to 950 million, they do not have enough shares to cover all the convertibles and the $75 million financing they filed for in the S3. Reverse split is coming, just a matter of when.
Sell off was on low volume? Hmmm...no it wasn't.
Wait, what? This is a penny stock? But I read somewhere that TRTC isn't your typical penny stock.
I love the part about faked consulting fees and acting as Rush's proxy.....
It did sell off, didn't you see it drip for .6 to .22?
Here, read the actual affidavit.
https://www.scribd.com/mobile/doc/274426176/Dan-Rush-Filing
No, the source is the affidavit that is linked in the article. Also, if you read it carefully, Kaufman agreed to put his name as an owner on paper to hide Rush's involvement and the scheme on how to pay back the loan through fake consulting fees. It goes into it a little deeper in the affidavit.
"13. Rush paid the interest on his loan from Kaufman in the form of faked “consultancy fees” to Kaufman of $3,000 per month."
Faked consulting fees....
In the affidavit, which is linked in the artice, it states the Feds agreed not to persecute Kauffman for where the money for the loan came from (sales of a fed illegal substance) and the SUBSEQUENT MONEY LAUNDERING SCHEME.
From the article
"11. Rush allegedly demanded a secret interest in AMCD, using Kaufman as a proxy."
No, read the indictment. He was doing shady stuff with Dan Rush before he turned informant....
Now this is DD. Not the stuff like the G and N shares mean Green Door Aquisition.
Salwa Ibrahim's husband. Also the guy who was involved in an alleged money laundering scheme who turned narc on union boss Dan Rush who is now owner (or bis wife) of many prefer shares of TRTC that he was given in the Blum merger.
It is amazing how everyone I used to argue with about this company being an insider enrichment scheme is now sounding like me.
Has there been any confirmation from NASDAQ as to the reason for denying MSRT's application?
Which guy? The guy from NASDAQ?
Yes, that is what the company claims was the reason for denial, but has there been any confirmation from NASDAQ itself as for the reason for denial? I just don't take the word of a penny stock CEO, especially when it is obvious they didn't even meet the listing standards to begin with.
Has there been any official comment from NASDAQ as to the reason for the denial?
No, the only links out there are what the company claims was the reason, there was never any official statement from NASDAQ as to the reason that company was denied. That company didn't meet the listing standards to begin with.
But it is SUPER lettuce...
Selling TRTC shares has been proven to raise ones IQ.
That would be true if that is actually what NASDAQ told them, but that hasn't been confirmed nor was put in writting.
Or Magna or Alegis....
It didn't help that Massroots didn't meet the requirements to begin with.
Bullshit