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Better than most MJ stocks this quarter and BTW they are all losing money.
The best part of the report was "We are not where we want to be." and that he's still thinking M&A.
Spending 12 million to make 10 million is a recipe for disaster. He knows that and I love the fact he won't settle for a mom pops enterprise and plans to thread the needle with more M&A. We need increased revenues without the expense in order to reach net profitability.
We got a great horse. Don't put the wreath on his neck before the race is run.
Still a ways to go folks - I am not dancing just breathing easier. The cost of business is still high and it will take legalization to reach the moon. We should see volume come back eventually.
Call your government reps.
Sure, but that is the extent. You will get an answer but no action.
2020 will be consequential for a number of reasons.
Come on! I just took my TRTC money back out of AMD and want the price to go down but these shorts are just worthless. Old man shorts - foolish looking and full of crap.
So the shorts are complaining about being called shorts?
For me a good indicator these pests are working for a short or another entity that will benefit from a depressed TRTC Share price is the fact that today is a day to make a ton of money and they are here at poor old TRTC trying to dish out dirt to set up their next push.
Buying the lows after the train wreck tariffs were announced was where everyone who likes profits should have been. And today is the day to flip most of those great stocks while TRTC basically flat lines ahead of the 10Q.
Instead, they are here watching paint dry on a wall they don't own. Defending shorts that don't exist according to them.
They are not only invisible but unmentionable too.
What a laugh.
The only road to profits goes through gross margins.
Trading, Day Trading, Investing and Shorting are all acceptable and allowable methods of playing the market.
But if we are going to ignore the reported shorting of a stock lets ignore the rest and just make this into a knitting circle.
Was Anson real? Fuzzy Panda? Shorting is as real as dilution. The problem is not the people who speculate on whether a stock is being shorted it's the Exchanges not reporting it as often as they should so folks have to speculate. If everyone knew why stocks moved up and down then everyone would be Warren Buffett and i doubt he's among the brainiacs here.
Give me a break, some folks may live in a world where TRTC's stock is not effected drastically by politics, Fed rates, shorting, tariffs, and whatever upsets the moral, political and religious applecart - I don't.
Good to see sanctimonious is still a word in play even here.
https://www.google.com/search?client=firefox-b-1-d&q=sanctimonious
Just in case anyone wanted to see the real numbers.
As I was saying the gross margins of 54% means that with the 7.3 million in revenues TRTC would have had to earn the equivalent of 10.3 million in revenues to make the same gross profit if the margins had not increased so dramatically.
Here are the numbers - or for the pests - the TRUTH
4th Quarter 2018 Revenues were 6,916,850 and Gross Margins was 16%
1st Quarter 2019 Revenues were 7,358,000 and Gross Margins was 54%
First of all - Why lie?
The revenues have gone up between the last two quarters.
Second the Gross margins at 54% was fantastic and the highest ever achieved.
The gross margins accounted for almost 3 million dollars in additional gross profits which makes the 7.3 million dollars in revenues effectively worth 10.3 million.
Third you don't understand what was effecting the business cycle or you don't care.
15.7 Million would give us a 63 million run rate 6 months early - not gonna happen.
2 million over last quarter would be a great start if margins are good.
Still if it remained the same and margins improved over last Qtr's and Derek did open more good revenue streams it would be OK.
Day Traders are having a ball today.
Wonder were Waldo is? El Paso?
Again, I agree. The market is ridiculous for one reason today and the first name starts with 'D' but is not Derek.
I agree. Where we all are in disagreement are the causes. The solutions are as both you and Derek stated. He has this quarter and the next two to generate a run rate of 63 million dollars in revenues, increase margins and increase self funding and reduce dilution.
Some here will be saying this quarter is the decision quarter.
What a laugh. You draw a straight line chart from 2015 til today and see nothing but a downside. It's more difficult today because of the double whammy of shorts and dilution but it is possible to at least maintain by trading.
If you are here to save souls then you are looking in the wrong place. Look at the Canadian stocks with debt to revenue ratios that dwarf TRTC by huge factors.
The critical Quarter is 4th Quarter which is the time frame the CEO stated the run rate would be on the order of 62mil a year annual revenues. Or to put it in terms even our pests can understand 15.7 million in revenues in the 4th Quarter along with improved margins and an end of dilutive loans.
So when the pests say this 10q is the critical one they are setting up the short which will occur regardless of the 10q's numbers.
OH - you mean TRTC is conducting business and that is bad. Every company on the block is trying to make things quicker better and cheaper and in the hunt for those goals, change happens. A company like you seem to want would be stagnant and die on the vine from natural causes in a minute.
Anyone who invests in penny stocks knows the company is a start up using their investment to grow. Dilution is a given and it attracts the flies of the penny stocks- shorts.
If I'm looking for a moon shot I don't care if it starts from Death Valley or the top of Everest the distant that could be traveled will make the difference negligible.
I hope you understand this last part. It makes all your concerns BS.
If I was the short I'd let it float and maybe help it rise. Only a dramatic drop clears all the nooks and crannies of folks holding the stock and makes a sell off. You folks are nickle and dimer's. I'd prefer a full on Fuzzy Panda short where most folks can make some cash instead of these pump and dumps for a dime.
Problem is is that TRTC doesn't have the downward the room CGC or the rest of the debt ridden Canadian MJ stocks have, but then an article posted by DD8 says the shorts in the MJ industry have lost 690 million dollars US this year, holy crap, and accordingly the cost of borrowing shares has gone parabolic. What a laugh.
So the cheap penny stock shorts will be naked most likely and that is where folks lose their houses.
Anyone shorting a penny stock with their volatility is a fool and anyone shorting TRTC is a Damn fool. It's to close to a real bottom fixed by real assets.
Don't tell anyone - it was Aphria's numbers.
Now that is cool. Bypass the middleman. Like Kool-Aide
10q anticipation, shorts took their foot off TRTC's neck to go after bigger fish, dilution slowed, shorts priming the pump, any and all or a combination of several as far as I can see. Volume got better around noon but in spurts.
But it is amazing how well it's timed with the pests departure.
or perhaps they are all school kids and school is starting. That would be hilarious!
Great. I was looking but all I found was 2018.
Also say an article that was saying the FDA was hesitant about any additives to foods or beverages and that the stuff was still illegal at the Federal level for reasons not related to the schedule status but the rules governing additives to the food and beverage supply
I'm not saying - I'm just saying - this could be just a respite to allow the share price to rise.
Looks like they primed the pump today by buying shares at key points and stopping the verbal assault. These are the real pumps. The pumps and dumps are all exacerbated by shorts.
Watch your lanes.
Protect your investment.
Last I looked, The FDA was hesitant about allowing THC/CBD beverages and it's still illegal at the federal level for a non DEA FDA rule.
https://www.washingtonpost.com/business/2019/06/24/cbd-infused-food-beverages-are-still-illegal-under-us-law-so-why-are-they-everywhere/?utm_term=.cffa31f5c8ff
Not sure of if TRTC is actively pursuing or at least exploring. Good question to ask.
Maybe it has something to do with to many eggs in their basket during this difficult time.
You can tell who the paid performers are real quick when the stocks go up.
Conference call at 3:30 CST on the same day as the earnings report. So I guess we can read while he talks.
What is That? You say TRTC is the most undervalued US MJ play - period. with revenues close to 2/3rd of the companies enterprise value. WOW
1. Already stated
2. Tired of saying the same thing over and over.
3. None of your business.
4. Because I can.
8/8/2019 after the bell
TRTC is the most undervalued US MJ play - period. with revenues close to 2/3rd of the companies enterprise value
You folks are a hoot.
Does not matter to folks trading TRTC - which is probably the majority. I like my average cost and you apparently like spending time on a two bit blog complaining about a stock you don't own. Pathetic.
Terra Tech Corp is a QX company and everyone should read the requirements to list and to remain at the highest level in the OTC exchange.
https://www.otcmarkets.com/learn/reporting-standards
Coast-to-coast marijuana smuggling ring used tractor trailers to haul 100,000 pounds of pot, paraphernalia: Feds
This sounds like the furniture company that used the building that may be where TRTC puts in a grow/mfg facility.
https://www.nydailynews.com/new-york/ny-cross-country-pot-trafficking-ring-suspects-busted-20190801-hvcbm6v7njexxb3hd7vaqp5k3e-story.html
Retail Cannabis Sales For 2019 Already Up By 35% over 2018
July 23, 2019 Palm Beach, FL – July 23, 2019 – Recent cannabis industry reports are all predicting the continuation of the seeming unending increase in revenues from year to year… The future is indeed looking bright for the retail sales market in the U.S. A Ma...
https://potstocknews.com/news/8238367037540601/
12 Marijuana Stocks to Buy Now in 2019
#3 - Terra Tech (OTCMKTS:TRTC)
https://www.marketbeat.com/slideshows/marijuana-stocks-to-buy-now/
Nothing yet. All I know is what was posted on a real estate board.
It was not a blog like someone insisted it's more like Zillow.
If you google 5801 Warehouse Way, Sacramento California and Terra Tech Corp you will find pretty much all I found.
You are welcome to find more proving it or disproving it. All I can think is the building is in flux and TRTC is going to lease the major part of it it by Aug 31.
Sounds like there was a grower in it already. I'd guess an illegal operation was shut down and it is now available to someone with a license or a means to get a license. On one page I did see Terra Tech Corp listed as the major tenant.
TRTC would not release a press release until it was final.
Obviously politics plays a huge role in not just the marijuana industry but every facet of life in these United States. But as long as we have folks who see words as if they were thrown bricks and their counter is almost always physical or verbal violence, speech will be curtailed. Unfortunate symptom of a lousy education system and broken social structure.
MM's just making money with a nice wide spread. Stops the Shenanigans.
Terra Tech's Revenues:........$31.33 million
(2018 Revenues from 10k)
Terra Tech's Enterprise Value:............$58.49 Million
Terra Tech's market Cap:.....$39.42 million
(Outstanding shares X share price)
Sen. Kamala Harris, a top-tier contender in the crowded 2020 Democratic primary field, introduced legislation Tuesday that would decriminalize and tax marijuana
https://www.usatoday.com/story/news/politics/elections/2019/07/23/harris-introduces-federal-legislation-legalize-marijuana/1801194001/