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To obscure the transaction by selling at what was (at that time) a big volume level.
These insiders aren't amateurs. Peterson himself didn't get the nickname "The Penny Stock Jock" YEARS AGO (seriously - look it up) from getting his shareholders rich...I can promise you that much.
TRTC is the undisputed biggest bagholder stock in the cannabis sector; it's held this title for years.
It is an infamous scheme aimed at trapping as many novice "investors" as possible.
Accordingly, fabricated hype is ever-present. That's why it's so critical that folks consume information wisely...and always ALWAYS TAKE PROFITS.
The first time we warned of this reality was when we alerted both the exit of our long term position way back at $1.38, and projected a downside extending to single digits.
I didn't go ALL IN AT .80...but if I had, I'd almost be able to convince myself that was possible.
Overvalued down to .50.
Nailed our exit! Congrats traders!
Needs to break .41 on big volume to continue holding any portion of our positions here.
The amount of insider selling is unprecedented. They know just like the rest of us do that this one is way overvalued and unsustainable.
More than anything we don't want to be caught holding when they announce the inevitable increase to the share count. That will sting.
Be careful folks! Congrats profit takers!
TRTC INSIDERS DUMPING LIKE CRAZY
I guess they follow our trade alerts!
Congrats insiders! If anyone knows how overvalued this pig is, it's you!
You want me to pull up my statements and post every price I've sold TRTC shares? lol
Yes. I have taken profits at just about every level between .08 and 1.38. You got me!
lol Why would a stop show up on your Level II? You serious?
Don't assume everyone buys this stock and holds it into a loss.
It's also possible to buy it and sell it at predetermined profit intervals over and over again. Even multiple times in a day!
Believe it or not, the majority of people making money with pump & dump pennystocks like TRTC do it just like that.
CONGRATS TRADERS
I have shares for sale at .389! Load'em up!
That's the beauty of penny stocks! They offer traders the opportunity to easily profit on short term volatility that occurs independent of the actual value or general viability of the company itself.
Things like investigations by FINRA, toxic financing, and other risks inherent to pump & dump stocks have more relevant implications long-term. That's why we all recognize the absolute necessity of taking profits and never getting trapped.
Good luck!
Weird. Seems like a statement as definitive as this would be supported by the chart...
Yet it's not. Not at all.
Yes, chart shows that TRTC sells off on earnings reports because the stock is overhyped and the company continues to report massive losses....
...but it also illustrates numerous instances of aggressive selling and general carnage within every period in between.
So the essence of that post is entirely inaccurate and presumably based on...well...absolutely nothing.
Expecting another 20-30% sell off?
Historically, the week of 4/20 has been marked by absolute carnage despite the laughable suggestions that the financial markets somehow care about a goofy thing like "420."
2015 was what, -25%?
2014, -35-40%?
Anyone want to post the chart for "lulz"?
Most. Expensive. Merger. Ever.
The recent news continues to offer profitable trades...but as we anticipated, the details of this merger have painted quite a startling picture insofar as shareholder value is concerned.
Since we first got wind of the costs associated with this merger, it became evident that the whole deal comes at an absolutely horrific price to shareholders. The scariest thing about it though, was that was our assessment BEFORE this terrible little nugget came to light: TRTC has agreed to give away 50% of the profits generated by cultivation for the NEXT THREE YEARS.
UNBELIEVABLE.
Since we alerted our long term exit at $1.39, we've been all about trading this when there are viable setups..but to us, this merger is proof that TRTC is nowhere near investment-worthy at this point.
I'm honestly flabbergasted by the audacity of TRTC...especially considering the company has been battling its image as an "insider enrichment scheme" for years now. Why foster the continuity of such a reputation?
New insider selling now too!?
Next they'll double authorized shares.
Don't be fooled folks. ALWAYS SECURE YOUR PROFITS.
CONGRATS TRADERS
I don't know many successful investors that are excited by a revenue number alone...but that's probably because they're successful, and accordingly, realize that such a datapoint is irrelevant by itself.
Review the merger agreement and refresh yourself on the structure of the entities involved and I think you'll find that it's not that simple at all.
IN ANY EVENT, even if we did pretend it was that simple, my point still stands; the fact that 50% of the profits from cultivation are being sheltered from shareholders is not at all mitigated by the misguided presumption that it "has,zero,to,do,with, retail sales."
lol
Unreal.
Nope. Still wrong. There is no "3 months." Only 3 years.
They are giving away 50% of the profits for three years. Again - YEARS not months.
Three periods of twelve months is 36 months or three Y E A R S.
Then TRTC will sell it and use similar tactics to convince shareholders that it's all good.
And it won't be any coincidence that three years is about what it'll take to get it operating in a manner that will generate substantial profits.
No?
That's incorrect.
TRTC will be giving away 50% of the net profits for the first THREE YEARS.
Read it again:
That's THREE PERIODS of TWELVE MONTHS.
They are obviously counting on folks interpreting that as meaning 3 months...but what it actually says is 3 YEARS.
It is for the clever wording like this that pump & dump companies pay lawyers handsomely.
DON'T BE FOOLED
Most. Expensive. Merger. Ever.
The recent news made for a cakewalk trade. But as we expected, the details of this merger have painted quite a startling picture insofar as shareholder value is concerned.
Since we first got wind of the costs associated with this merger, it became evident that the whole deal comes at an absolutely horrific cost to shareholders. The scariest thing about it though, was that was our assessment BEFORE this terrible little nugget came to light:
UNBELIEVABLE.
Really happy with our decision to exit completely at .39.
Flip it...but to us, this merger is proof that TRTC is nowhere near investment-worthy at this point.
I'm honestly flabbergasted by the audacity of TRTC...especially considering the company has been battling its image as an "insider enrichment scheme" for years now. Why make it so blatantly official?
Don't be fooled folks. TAKE PROFITS.
Precisely the conclusion I came to.
Shareholder value is lacking to say the least, but that could change if they find a way to corner the market...which, with such vast competition (existing and potential), will prove to be difficult.
Hope to see some major revenue growth and more favorable margins going forward.
I agree. TRTC heading lower.
I'm sorry but that's simply not true:
First of all - Blum Oak has always been and is currently STILL required BY CA LAW to operate on a NOT-FOR-PROFIT basis.
That's right folks - TRTC is using shareholder dollars to pay Blum insiders for what remains to be a not-for-profit operation in accordance with California law.
That said - even if we ignore the above stated reality - we would STILL have no filings, no revenue breakdown or earnings reports, no balance sheet, no NOTHING to substantiate the comment that the "newly acquired business is profitable."
Be careful guys & gals. Don't be fooled. And DON'T GET TRAPPED.
Congrats traders! Retracement flip and AM exit for another +10% trade!
Always take profits folks.
Hope no one made the mistake of waiting for a PM exit!
Where are the numbers? 2016 guidance? ANYTHING?
TRTC retracement and +10% flip off of short term support. AM exits.
Another flawless trade alerted by KindFinance.
Congrats traders!
No intellectual property - No value.
I'd love to see where I said "the same thing about TRTC." Please post.
And I hate to burst that bubble but TRTC ran because it's been subject to vast paid promotion. That's called a pump & dump (see the chart).
You're right about one thing - only publicly traded companies can be subject to pump & dumps.
I remember my first stock.
This makes absolutely zero sense:
And there are a hundred other established packaging companies that can and will eagerly jump in to meet that demand...at a much lower cost.
No intellectual property with which to corner the market - no chance of being profitable enough to benefit stockholders.
As always - flip it (unless there is no liquidity, which happens to be the case here unfortunately).
Sell me on KSHB. This is your chance.
The "no alternatives" thing would only make sense if there were investors being forced to buy these horrible stocks.
i.e. The alternative to making a bad investment is NOT MAKING AN INVESTMENT. lol
If only one pile of worthless crap existed, that wouldn't somehow give it intrinsic value or foster demand... That is - worthless piles of crap are worthless regardless of whether the pile exists by itself, or alongside a hundred other similarly worthless piles.
Make sense?
lol 4/20 means absolutely nothing to the financial markets.
It's significance is recognized only by high school students.
Let's try to keep things reasonable now okay?
Just read this somewhere and it has me rolling:
"All in at .80" (LOL)
Good thing that didn't stop'em from alerting the trade when .16 broke :) and I'll be damned if the .39 exit wasn't spot on!
Congrats!
Retracement continues...
neverretraceslol
BAGHOLDER STOCK
Be wary of the fabricated hype folks!
Lots of investors have been trapped with this stock for YEARS.
Always take profits. Annual report couldn't have made it more clear that there is no value here for long term shareholders.
TRTC is a TRADE, not an investment.
Holding through losses is an ABSURD thing to do with these pump & dump penny stocks. Don't be fooled.
Retracement and flip setup TODAY, no less!
neverretraceslol