Retired
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.
The "watermark" low is set for $0.10 as I believe TRTC wants to retain OTCQX status. IMO.
TRTC has released fewer shares into the O/S than I would have thought at this stage. I was thinking it would be close to 300 million outstanding.
Watch this # to tell how much actual dilution was done in Q3 report, in the meantime use OTCMARKETS.COM
256,254,205 a/o Aug 31, 201 per http://www.otcmarkets.com/stock/TRTC/profile
Right , that's called equity financing. Need a link?
The shares are already pre-registered via a S-1 or Broker/Dealer as underwriter exemptions.
Also, the prior finance company Dominion still had notes on the books as of the last Q-2.
Nobody is paying attention to the cannabis "sector" anymore.
The general public will want "in" when it's our time to take some off the table.
Keep looking, my bet is it won't hold .032 on the bid by end of day.
My favorite dispensary in Denver just went wholesale, so yea when you have product to move a wholesale /distributor can help you gain MAJOR market share versus smaller un recognized brands...
Grow TRTC, GROW!
Good for you, I got a bid sitting order filled after 2 days today too.
We disagree and on the play of MJNA, but good luck.
Shares outstanding 256,254,205 a/o Aug 31, 2015 per http://www.otcmarkets.com/stock/TRTC/profile
The relative risk/reward ratio is well worth the current price of admission. IMO
Thank you all for recently bringing so much new DD to the board!
I used to say watch out for the "B's and V's" being BMAK, VERT, VFIN, VNDM.
But I think I see what your saying on CDEL, well, it's equity financing and every firm wants a piece if you can move the inventory....
IMO, IR/PR are allowed to whisper too many sweet nothings when you do talk to them... until I see stuff in a news article or filing, take conversations with ALL companies IR groups as best case. But, I guess you have to reach them first...
Wow, what light TRTC volume so far today.... can't play in this low volume...
There is a LOT of overhang of stock ready to hit the float in October...
Could get ugly as the MM's are dumping to the bid as nobody is paying "retail" ask prices...
There is no technical support left, so it's all how low the MM's and finance companies want to take down the PPS.
IMO, "they" won't take it to sub-penny.
I used to do quality checks as part of my old industry job.
It is OTC the can and will trade around you when you bid sit, use a different broker, if the firm does make a market, you "should" get buy's filled off the bid.
I'm on your side, if you got jacked, complain to your broker, but if ASK never touched your price...."NO SOUP FOR YOU"
IMO it will be at or above $0.12 by EOW.
I highly doubt that scenario, plenty of bids were filled all day.
What was your order and time placed, and any restrictions or conditions, like "all or none", or minimum quantities?
What broker? Use a different one if one gives poor fills.
This is a textbook example of toxic financing...
Probably hit $5 as soon as it gains enough momentum to crack $4.
I posted who from the last 10-Q. Also, the big dilution hasn't even started yet, plus MNJA is in default so the "who" can probably sell stock at will.
That's good info, but on a different scenario, equity financings happen everyday, there are risks.
For even more info you should read the FINRA reports too.
That is a valid concern, true.
Now only time will tell us who's correct.
IMO, Magna receives such a small discount compared to peer's equity financing there is little room for error to play the short game (toxic) when you can be PUT shares...
Also, most other cannabis companies equity finance deals are done with MM's getting shares at 70% of the trailing price, not 95% like the better deal TRTC has with Magna.
TRTC has a lower cost of capital than peers, why? Because they are hitting milestones.
What's funny is I took the opposite route, one and a half years ago I had far less trust in the CEO and plan than I do today....
But that's why we have buyers and sellers good luck to all of us long or short I don't care.
The Magna deal is dilutive but I do not agree it is toxic.
Plans change all the time and require different levels of cash.
Unfortunately, until this company is cash flow positive, equity financing is a fact of life.
If you dont trust a CEO you should not own its stock in my opinion.
Indeed, did they raise enough cash on that round?
Do you think LAFC is in cahoots? I don't remember seeing them so close to the NBBO that often.
Equity financing is a drag, but, if a company can meet milestones toward cash flow positive, that drag ends... the only reason to be here is assume TRTC will survive the equity finance phase.
New low? No need to accumulate fast if at all. IMO
You're a gambler, not a bag holder. You have stated reasons for being long and your money is where your mouth is. I respect that. Good luck.
MMID BMAK has faded off the ask back to $0.185, CANT $0.1178
Currently only retail MM's on the inside NBBO.
Could get interesting this week.
Keep it going Zeus! I need a foil for my boredom...
Heck I might even gamble with ya on a crazy oversold MM created bounce.
There is always money to be made in the market... impossible to walk away after a few wins... btw, have you seen cocktail waitress...LOL
my opinion is to avoid this stock at all costs and warn others.
I almost guarantee it will hit $0.030 by this Friday.
"Mark this post" or whatever you all say....
If it does hit .03 double down again...Nobody is actually "STUPID and DUMB" enough to buy here....
not going to hit .03. mark this post. nobody is 100% STUDID and DUMB to sell for that cheap for no reason. $MJNA up from here
Good comments, lots of actions. Results should follow.
Business plans change every day...
The #'s aren't pretty and the details are in the notes section of the last 10-Q.
Remember the MM's sell stock to the public from the convertible notes, as there is NO cash, it's 100% equity financed, then the MM's are re-sold the shares they sold at a 30% discount to the market price. Sweet deal being a finance company, with an almost guaranteed 30% return, huh?!?
The safest time to get in is when there are signs of dilution slowing, that is NOT that case here with MJNA.
Also being a "PINK" they don't have to release the details of their finance agreements.
There may be a nugget of value inside MJNA, but at what price? That's why many of us still keep it on the radar in spite of our negative talk. ;)
Since Brazil is socialized medicine, the contract would be from the government, so could be HUGE, I'll give you that possibility.
But IMO, it has to be a BIG contract to offset the large number of shares outstanding already and the many more shares coming into the float very soon. Can the MJNA market absorb the shares? Doubt it, but good luck.
All equity financed entities have dilution, but not to the extreme MJNA has done IMO.
Next round of major dilution starting October 23... Don't buy now!
Buy the cheapies, and they may be really cheap as MJNA is in default on their notes as documented in the last 10-Q: http://www.otcmarkets.com/stock/TRTC/filings
Here's your sign....
Short term notes payable of $2,108,692 consists of; (i) $1,835,166 representing the current
portion of a convertible note, which includes interest accrued thereon. The note is convertible at
the holder’s option, any time after October 23, 2015, at a conversion price equal to the lesser of
70% of the average of the three (3) lowest closing bid prices in the 20-days prior to conversion
or the price for which the Company has issued shares to any party other than the lender
In the period ending June 30, 2015 the Company received a notice of
default and lender’s intention to foreclose on the collateral shares as a result of the fact that the
shares had declined in value below the minimum required under the agreements related to the
note. (see also Footnote 6 –“Notes Payable – Long Term”); and (ii) a note payable totaling
$183,526, which includes interest accrued thereon.
MJNA is in default? From the last 10-Q.
Lots of stock will be available after October....
http://www.otcmarkets.com/stock/MJNA/filings
Note 5: Notes Payable – Short Term
Short term notes payable of $2,108,692 consists of; (i) $1,835,166 representing the current
portion of a convertible note, which includes interest accrued thereon. The note is convertible at
the holder’s option, any time after October 23, 2015, at a conversion price equal to the lesser of
70% of the average of the three (3) lowest closing bid prices in the 20-days prior to conversion
or the price for which the Company has issued shares to any party other than the lender. The
note bears interest at the rate of 8% per annum, matures on April 23, 2016, and requires
minimum monthly payments of $150,556 plus interest. The note is secured by collateral
consisting of 3,140,000 shares of CannaVest Corp. (OTCBB: CANV) owned by the Company
and 65,000,000 shares of the Company’s common stock which shares were pledged by a thirdparty
owner of the shares. In the period ending June 30, 2015 the Company received a notice of
default and lender’s intention to foreclose on the collateral shares as a result of the fact that the
shares had declined in value below the minimum required under the agreements related to the
note. (see also Footnote 6 –“Notes Payable – Long Term”); and (ii) a note payable totaling
$183,526, which includes interest accrued thereon.
I agree the sector is slow but not dead. Keep looking around...
Hit my prediction of $0.035 by Friday, 0.04 is getting further away...
How this could have happened with all the "great technicals"?