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tell me where I'm wrong... instead of that response
they still have many millions of shares to sell TRTC owes them 3.4 mill in cash or at .31 per share they must be paying them in shares it sucks when you have no cash
Thats why if they don't go BK the share count will be over 1 billion everytime they want to do something like acquisionas as you say.. they will be selling millions and millions of shares to pay for and the stock price will drop
so we get back to they have no cash thanks for proving my point so plans are great if you have cash to pay for them
SCROLL DOWN A BIT AND YOU WILL SEE HOW THE DEPOSITS WERE ACUIRED
THEN READ LIQUITY AND RESOURCES
TERRA TECH CORP.
CONSOLIDATED STATEMENT OF STOCKHOLDERS" EQUITY (DEFICIT)
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012
Preferred Stock
ConvertibleConvertible Convertible Convertible Additional
Series
A
Series
A Series B Series B Common Stock Paid in Accumulated
Shares Amount Shares Amount Shares Amount Capital Deficit Total
Balance January 1,
2013 100 $ - 14,750,000 $ 14,750 82,371,853 $82,372 $8,131,305 $(8,688,967 ) $(460,540 )
Sale of Common 22,084,567 22,085 1,552,457 1,574,542
Issuance of
Warrants 1,355,990 1,355,990
Issuance of
Common Stock for
services 5,420,741 5,421 767,744 773,165
Issuance of
Common Stock for
debt
and interest expense 35,279,767 35,280 2,548,900 2,584,180
Issuance of
Common Stock for
acquisition 1,250,000 1,250 211,250 212,500
THEY SOLD STOCK FOR DEPOSITS AS THEY HAVE NO CASH
Issuance of
Common Stock for
deposits 400,000 400 191,600 192,000
Net Loss (6,148,350 ) (6,148,350 )
Balance December
31, 2013 100 $ - 14,750,000 $ 14,750 146,806,928 $146,808 $14,759,246 $(14,837,317 ) $83,487
LIQUIDITY AND CAPITAL RESOURCES
Since our inception, we have raised capital through the private sale of preferred stock and debt securities, private sales of common stock. At December 31, 2013, we had cash of approximately $26,943 and a working capital deficit of $3,713,641. Our major cash flows in the year ended December 31, 2013 consisted of cash out-flows of $3,853,587 from operations, including $6,148,350 of net loss, cash outflows of $11,300 from investing activities and a net change from financing activities of $3,875,518, which primarily represented the net proceeds received from issuance of debt, common stock and warrants. We will be required to raise additional funds through public or private financing, additional collaborative relationships or other arrangements until we are able to raise revenues to a point of positive cash flow. We believe our existing and available capital resources will be sufficient to satisfy our funding requirements through the first quarter of 2014. We are evaluating various options to further reduce our cash requirements to operate at a reduced rate, as well as options to raise additional funds, including loans and sale of common stock.
by the time MJ is off sch 1 TRTC will be either BK or the o/s will be over 1 billion and the SP will be much lower
its not hard to predict.. being as they have no cash.. you can have all the plans in the world but its had to fufill them when your broke
in 6 months neither will you
from that post you will be highly dissapointed.. the increasing share count low margins and no profitability and no cash say never... but you can dream if you want.
remember a month ago when it was $1 and we said here comes .5 and the longs said no way..
well here come .3 by next month
This stock will not see a $1 in 2014 not even close license or not
Lol give it a rest stop pumping investors
Looks like you can add your reversal post to the long list of wrong posts you have
he does know the company well.. what he don't understand is how the market works.. he does not know what drives a stock price.
no one has been more wrong here than you no one
Lets look at some of your posts from a month ago.. or last week for that matter
even if it closes above .5 its not gonna hold
lunch almost over you kno what that means..
Let me tell you why the rally will be short lived.. no revenue projection in the PR so these shipments are peanuts.. don’t believe me watch the SP fall shortly those that know how to read a PR know this
lunch is over back to selling
the sctor is dead why is it so hard for you guys to see this wow
there are no chart patterns right now come on gotta find a bottom first
is that .4 ha
and my post say it all to RIGHT try reading t5hem instead of following sheep
bulls make money bears make money sheep get slaughtered
maybe not toaday I think it will but for sure tomorow might see .3 by end of the week
ha. hows that profit looking
A year from now they will be BK or diluted to about a billion shares your not gonna win holding this or any penny stock that has no cash
bottom not in the .5's .3's or 4.s where it will stay
Been trying to tell you for a while … you got P&D’d TRTC in the creating bagholders biz now who gonna get left holding the bag
To the Ambassotor and DMCC who I been saying are clueless well stop listening to them… you see they don’t come around no more no credibility they post pie in the sky with no backup
If you hold you will lose unless you got in under .25 you might sell for a profit you have been warned
.4's on the way.. good luck trying to sell when you wanna get out
You don’t have to guess you can find out how many scripts are written then you can put together a model of realistic revenue.. unless TRTC is the only company with a license which they are not
How much is one patient gonna buy in a month maybe a OZ you do the math I did it already
nobody gonna fly out from the east coast to fill a script
how about researching how many scripts for MJ are written in the US how many LIc NV gonna pass out then think about how much each patient is gonna spend
any NV lic news will be sold by anyone smart as there will be no revenue from that for a while.. so any pop will not last. its only nedical not Rec how big is that market TRTC will not be the only license holder chasing a few mj patients imo
if they have a lic and it was rec and MJ was off sch 1 now thats a dif story.
this is one big well put together sector P&D you are correct they will be were they started in a month or so def by end of summer TRTC has EG so it may not go back to <.1 but I see .2-.3 for this stock depending on the share count at that time
bottom not even in sight yet
its time to take your profits or cut your loses.. this was a well orchestrated P&D or trade on the whole sector. in 6-8 months when you look back you will see it. all the stocks that make up that MJ index all the charts will look similar look at them now do a overlay with a few symbols from Jan to now
this was one big trade that is now over those that choose to hold will see this die a slow death
unfortunately I do not believe it will hold next week
below my post #35638 from last month
Did any of you notice on the run up to 1.4 each time it dropped there were huge blocks on the bid to support the stock. Now on the way down each time it goes up there are huge blocks on the ask to stop it .. they ran it up and sold into the run and now are shorting it back down
If it doesn't hold .5 cause thats where its going before any support There was zero consolidation from .5 to 1.4... through .5 who knows where it stops
true.. technically they apply. but realistically they do not. MM browwing above the ask and then shorting you don't have to beleive me .. but beleive the declining share price
as I stated to the ambasator $1 is long gone not to return unless reverse split. the share structure is changing daily
it's about supply and demand even when the demand comes gonna be to much supply
not sure what your point is as no breakers have been triggered.. they are shorting and naked shorting .... this is a OTC penny sock those rules don't really apply here .. that is for Nas and Nyse
MM will continue this as their inventory of shares build
cause you have to short on the uptick.. so buy on the uptick and then short
supply and demand.. supply increasing demand decreasing
meant to say this will affect trtc trading today but i guess eveyone pissed so delete everything that don't say trtc ha
Cash is King I been saying that since I started posting. The cost to do what they are claiming (PR'ing) is more costly than people realize. They have no cash or assets to do so imo it's in the balance sheet, income statement, cash flow and 10k
its not the business its the cost
Not one PR with revenue in it not a distribution deal pr with a revenue projection. I have not overlooked that or other pr's