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.
Etailer just google TRTC. Scroll down and you will get some in depth information pertaining to the company its corporate officers and its financial situation.
I have emailed an outline detailing multiple serious issues to Craig Eastwood CFO. Forget who benefits there is so much more to consider with TRTC's management and imminent financial woes. I did state to Craig that as a shareholder I would want to seek an injunction to stop this from happening. All the information is available to GLDFF that would stop this merger from happening. I can't advise you as to your next move but I do think there is hype being done via video to make you think so called experts think this is the best course of action for GLDFF. The info I sent Craig shows TRTC will not be a benefit in expanding GLDFFs markets in fact they are viewed by consumers poorly. I do not think Craig Eastwood and William Simpson are conspiring with TRTC. They have simply not reviewed the information they needed to and should have before making such an announcement. I do believe they will do the right thing and cancel this merger. If they do need more capital I am sure all shareholders would be on board if they needed to sell more stock to raise capital. We all agree the path they had been taken was great and this diversion would ruin the company. As shareholders we need to address this properly and make calls to GLDFF and express our concerns and file an injunction if necessary.
I may be wrong but I think this deal has no chance of happening. TRTC is in bad financial shape, its management has a terrible criminal backround. All of this info is easy to find out. Unless GLDFF is uncertain that they can make it to the finish line which I do not think is the case this deal dies quickly. To sell, take a loss and then have the deal die is an outcome I do not want. Simpson and Eastwood have been straight shooters up to now and I do think they will do the right thing. Their futures are in the toilet if they merge and everything goes bad.
Is there a chance that William Simpson and Craig Eastwood would reverse course right away. It will be easy to determine TRTC is running out of money and that they have serious issues. The personal issues of Derek Peterson and others are also known. Nothing makes any sense here.
This is non binding. I have placed a call to Craig Eastwood CFO and I have emailed info about Derek Peterson and the problems associated with TRTC. Every investor needs to call Craig Eastwood to let him know. His # is 503-201-0659 Also Wednesday the CEO needs to also be told
Here is some info. .1203 shares of TRTC for each GLDFF share. Peterson is to be CEO and Wiliam Simpson is to be President. It is to be listed on the Canadian Exchange
With no information as to what the deal is you are speculating and jumping to conclusions. Lets see what gets presented Wednesday. I think it all comes down to who needed the deal. GLDFF didn't. Who knows we might get some info tomorrow.
Probably cover them on Wednesday. I do agree that they have some game plan for this. You can't really speculate because we do not know the facts yet. I would give them the benefit of the doubt. I do think GLDFF is in the dominant position. Share prices of TRTC did go up and that is usually happens when a company is getting taken over.
Is there a possibility GLDFF will control both entities and they acquired their assets for cheap
I thought they already were selling pot from Vegas to local dispensaries.
I thought they had tons of cash from Vegas already. How could revenue be up 2000% without pot sales flowing from Vegas.Nothing else they do produces any revenue.
Anything short of 2nd and 3rd Qt 10Q or actual proof Salinas is actually finalized would be a real tipping point- right off a cliff!
Could be that Tahoe closed but I recently read that investors were not happy about the unsecured convertible subordinated debentures units and that that was one of the reasons for the stock decline. This money being raised is very important to GLDFF and is structured long term as it should be. I think this capital enables the company to create multiple profit centers that by the end of 2019 will result in tremendous revenue. I think the conference call will be to make sure investors are clear about why the money was raised and what to expect in the way of solid financial growth in the very near future. 1st time I see that are going to build investor confidence to understand their actions and expected outcomes. I hope they can also build share values by offering a small dividend once the revenues are realized. Would be a real incentive to want GLDFF stock. Exciting time to be a shareholder!
When Tahoe gets it's final approval GLDFF will be producing product in 5 different locations. When you add on top of that their license and ability to produce CBDs one can only imagine where this company can go within the next 12 Months!
Very nice! I was not aware this facility was even in the picture. Again no hype from GLDFF only information when it really happens.
With or without Salinas 2nd and 3rd Qt 10Qs should have been filed. The only reason why they weren't was because it didn't fit the narrative of how great PNTV was doing.
But not this time? No problem to tell shareholders revenue has increased 2000% to hype the stock. Revenue which counted Salinas which is still not owned by PNTV. CEO leaves abruptly Not one word from the new CEO if there really is one.Investors want facts supported by verified financials not from this management's Facebook home-made videos. Pink listing is a warning to investors based upon reliable information.
Simple = Stupid Its always a new venture that will make PNTV a homerun!They have never produced a profit ever and can't even report 10Qs but lip service is given validation as a reason bad investors stay the course.
So if I want to be a soda retailer I buy Coke in bulk repackage in another bottle and presto I make millions? Hard to believe! Financial Magic!
If 3rd Qt. and 4th Qt show steady improvement in net profits the stock will be head back up. I have always felt this is 12-24 month growth horizon. I am not selling my shares at any price. Pot is not going away. I do think right after mid-terms medical pot is again in legal status CBDs are a big part of that market. Also it should not be too much longer for Tahoe approval. Lots of little pieces but all in play!Still going to be awhile for recreational pot to be legalized.
If 3rd Qt. and 4th Qt show steady improvement in net profits the stock will be head back up. I have always felt this is 12-24 month growth horizon. I am not selling my shares at any price. Pot is not going away. I do think right after mid-terms medical pot is again in legal status CBDs are a big part of that market. Also it should not be too much longer for Tahoe approval. Lots of little pieces but all in play!Still going to be awhile for recreational pot to be legalized.
In order to make CBDs you have to know how to do extrations, have the necessary staff and equipment and it requires another license approvals. You can't just buy a wharehouse and grow pot!
Look for any excuse to delay, delay delay 10Q
There will not be any more 10Q Reports. Salinas is not a done deal, therefore there is no revenue.Also Nevada has to approve of the deal.That will be the next reason given for not filing a 10Q
The response of certain shareholders that you should just stop questioning what is going on and you will shortly be rewarded are only concerned with protecting their financial investment! There are shareholders who have lost a lot of money and it all centers on misleading information by PNTV.
Elon Musk just got a $20 Million fine for misleading statement that caused shareholders a loss. The statements made by PNTV over the past 5 months have induced investors to buy into what was presented as a done deal and that it was only an accounting issue that remained.That was what was presented to investors as the reason for not filing the 2nd Qt 10Q. I do believe that this is more serious than you think and I would think the SEC should look at how this entire acquisition and closing has been presented to investors. The statement today is the 1st confirmed statement that should require an investigation.
They officially state that the acquisition has not closed. So nothing really was holding up the 2nd Qt 10Q. Why did they state that revenues (Not Profits) were up 2000% when they did not own the company yet? They state that the sellers have wrongly stated the facts and they are going to ask them to redact their statements. They are sorry is you lost money on this but everything is going to be just peachy! LOL
Retail price is determined by Supply and Demand not what you think you need to cover all of your cost. There is still a black market for pot which is more profitable. Tax Code Section 280E states: there are no legitimate expenses that are chargable. No Deductions or credit shall be allowed for any amount paid or incurred during the taxable year in carry on any trade or business if such a trade or business ( or the activities which comprise such trade or business) consists in the trafficking in controlled substances.
Not sure why you would respond this way? I am pointing out that every company has an obligation to pay Federal Income Taxes and that the tax rate on this income would be the highest permissible since recreational pot is illegal and prohibited by Federal Law. Has nothing to do with State Law. I wish you well and I sincerely hope this ends up well for you! I have had the opportunity to speak directly with a CFO of another company that is in a similar position and the primary problem that was told to me is that the amount of Federal Taxes that you will be obligated to pay makes the entire operation a wash at best. You have to work within the legal framework of Federal Laws to be able to make a go of it. CBD Oil has been reclassified and is legal. Medical Pot will have to be revisited and made completely legal since Jeff Sessions has put this in a bad spot. Congress will not legalize recreational pot until perhaps the next Presidential Election.
It doesn't matter what state the owners are domiciled in. That only affects state taxes similar to companies that use Delaware as the state they use to get incorporated in. Federal taxes is "The Problem" that makes recreational pot right now a financial loser. I have to think the past CFO who quickly departed knew this and was unable to deter PNTV from going ahead with the acquisition.
It doesn't matter if all 50 states approved by legislation recreational pot. You run a business on profits and profits are subject to federal income taxes. Since the Federal Government currently classifies pot as an illegal substance, profits get taxed without the benefit of writing off the normal cost of goods sold. It is currently next to impossible to break even or make a small profit.You don't create a business to break even or perhaps make a very small profit. Again if the sellers of Salinas could have made the profits the boys are touting they would never have sold the business in the 1st place.
Until pot is legal and gets taxed as a legal entity opening more grow facilities with more overhead with little or no potential to make money is insane. The current sellers of Salinas would never be selling if the business was profitable. PNTV is not in the CBD oil business, the medical pot business or does it have the expertise to even try to be in these areas. The Federal Government is not going to legalize pot any time soon.
I believe the current sellers are day traders who were in this for a quick profit based upon an arbitrary Oct 17 surge anticipation. Day traders have a track record of losing more times than winning. The CFO of GLDFF is aware of where profits can be made and I am sure will be working towards that end. Things will settle down Oct 17th unfortunately brought the fast buck traders into the picture and we now see them exiting in search of another quick buck opportunity!
The investors that are selling most likely were recent investors who thought they could make a quick profit because they bought in to an Oct 17 surge. That was also the case for the Canadian pot stocks. As for GLDFF I do believe they are building corporate value and are executing a business plan that will put them in a very good financial position.
When a company boasts about $2 million in revenue and doesn't disclose the fact that the deal is not done is cause for concern. Also $2 million in revenue is not $2 million in profit after taxes. Recreational pot revenue is taxed at the highest rate since cost of goods sold is severely limited. In the short run recreational pot growers will not reap any real profits because of Federal Taxes. They will be lucky to break even which could well be the Kiss of Death for most recreational growers.
All Canadian stock prices have also declined. I think it has to do with . false expectation that Oct 17th would kick off a tremendous surge in share prices. GLDFF will start to rise once earnings rise, Tahoe gets approved and the Mid-Terms are over. I think the Fed will legalize medical pot soon and recreational pot in 12-24 months. CBD oil has already been reclassified which is a stable with GLDFF and we do have the sales license in Canada. The revenue in Canada will be taxed normally and be profitable. The initial Tahoe grows most likely will be medical pot since I believe the profits for medical pot will get a preferential tax treatment versus recreational, illegal pot.Tremendous volume on Friday around 2.5 million. Remember the Fed has stated there will be 3-4 more rate increases in the near future. As things settle down and Feds approve medical pot more interest will shift to the US pot stocks.
One last thing to add from my phone call with Chris Eastwood CFO. We talked about how difficult it is to make a profit on pot since it is still illegal. You are limited on what you can expense out when computing Federal Taxes. The sellers of Tahoe know this which is part of their motivation to sell. This is a great time frame for GlDFF to make this deal because we are nearing the day the Federal Laws are changed and the purchase becomes a home run. I wish I had purchase Amazon, Netflex, Microsoft, and Apple when they 1st hit the market but I didn't. If I had I would have been considered a financial genius! My investment in GLDFF will pay off once the pieces come together. If some of the Canadian stocks can trade at $10-$70 per share GLDFF will certainly command at least $5-$10 in due time.Finally the game plan by GLDFF to continue to add value to the company's overall portfolio gives them the opportunity to be a player and a great partner to team up with some of the potential partners that would want to add this product line to theirs.
You might wonder why the sellers of Salinas would sell if it is so profitable.The reason is simply an accounting problem. Pot is illegal and when it comes to Federal Income Taxes you are limited to what you can expense out when computing net income. It is extremely difficult to break even! There is more money to be made on the black market. These sellers are not stupid!
Earlier today I left a message for Chris Eastwood CFO of GLDFF to call me for some updates on Tahoe Acquisition and prospects for 2019. I just completed a 20 minute phone conversation with Chris and and I received a very in-depth understanding of current corporate activities and some info on the Tahoe acquisition. The acquisition is only waiting on Nevada regulators which Chris said is in progress but when it gets approved is still out of his control and is a 3-4 month process.The sellers are contractually obligated to sell so once the regulators have finished their work GLDFF will have a California and Nevada operation which will put it in a class by itself. I had mentioned earlier that GLDFF had stated that they would look to be profitable by 1st Qt 2019 but I was not correct. The company is looking at the 2nd half of 2019 to be operating in the black.We also spoke about the need for our US pot laws to be changed to open the way for greater financial support from the banking industry. Thus far banks have not participated in financing but GLDFF has been able to attract other sources of capital. I was very impressed with Chris's candor and truthfulness in respect to the company's goals and future plans.I was also impressed with the fact that he took the time to call me to discuss the issues that I had asked about!
The company has not completed the Tahoe acquisition yet. They have made the arrangement for new capital to complete the acquisition and have the payment for Tahoe structured as a long term liability. This is the way it should be done. There are no smoke and mirrors actions affecting shareholder decisions to buy or sell shares.. With the Fed increasing rates resulting in higher borrowing cost which will most likely slow the overall market the Pot market should receive a positive boost as investors look for up and coming markets to invest in. Pot profits along with supply and demand for legit pot companies to invest in will put GLDFF in a class by itself. Be patient! Oct 17 is not a kickoff to higher share prices for US Pot stocks.
10/17 means nothing for GLDFF! A company's stock value lies in earnings and cash generating capacity. The 1st positive sign will be 3rd Qt. when the cash from the Canadian division helps to reach most likely a break-even position. The CEO had previously stated it would be 1st Qt 2019 that the company should be operating in the Black! If after the mid-terms our US laws are changed and pot is either reclassified or the Fed allows States that have by legislation acted to allow recreational pot then and only then will it have a factor in future expectations. The value for GLDFF is 12-24 months out. I am more interested in having an end to the regulators investigation about Tahoe acquisition. The Canadian Sales License is complete, Tahoe is the last step to secure the immediate profit growth that will ultimately start the share price upward momentum ,