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Regarding Non-profit status in Calif:The profits from IVXX will only help IVXX, which directly helps TRTC
Ok got it. The profits from IVXX will only help IVXX, which directly helps TRTC
Any profits from IVXX must be reinvested back into IVXX, thus that division will not as dependent on the parent company for support and growth.
Being a non-profit encourages internal growth and reinvestment within the non-profit business itself. Thus making it an important asset.
Why does it matter so much to you? TRTC shared what they knew via it's public facing Facebook site, and people made predictions on it correctly or incorrectly?
We will know who was correct by the end of the week.
The hyperbole is thick on both sides, somewhere in the middle is the truth.
I shook my head once the CNBC "hype" started...
Buy a stock because it's going to be on CNBC, I think not...
Oh well. I enjoy the ride and watching the stories unfold.
For some of us interested in the veggie biz, a competitor to EG.
http://www.brightfarms.com/
IMO I bet TRTC only gets a snippet of air time. Has anyone really seen a big story on a "penny stock"?
I hope I'm wrong.
Thanks for your opinion Doc K, I think I'm going to advocate CO2 only once it become more available. The low quality butane tastes weird I'm told, but there are "good" producers with low to they claim no residuals...
But can who can you trust with the butane....
OK, extracts... I understand much of the basics and am trained in pharmacology, if anyone has an opinion of CO2 versus Butane methods and if relevant to TRTC, so I hope isn't deleted...
CO2 is available in Denver, but rare, some say it's "better"
Butane is very prevalent but quality is inconsistent, but some say it's "better"
Mods, can the various extraction methods of CO2 vs Butane be relevant enough to TRTC to be permitted?
Thanks.
Doc K and other's please help me understand:
so TRTC will never increase their revenues to greater than cost of goods? Is TRTC doomed to never increase revenues or increase margins?
What about the increase in gross margins on the Edible Garden Side?
What about increasing customer base?
What about the cannabis licences in Nevada for cultivation and production that will cover the entire state?
What about the dispensary business that will also come on-line in Nevada?
Help me understand more.
Thanks
So TRTC will never increase their revenues to greater than cost of goods? Is TRTC doomed to never increase revenues or increase margins?
What about the increase in gross margins on the Edible Garden Side?
What about increasing customer base?
What about the cannabis licences in Nevada for cultivation and production that will cover the entire state?
What about the dispensary business that will also come on-line in Nevada?
Help me understand more.
Thanks
Interesting to have you back on the long side. Trying to remain long during the dilutive equity phase is super risky, no duh right?!?
I do hate to see anyone lose money, but those buyers had bad timing.
However to ignore the obvious developments because of your emotions attachment or repulsion for a stock is silly.
Don't be late for class....
Times be a changin'
Doc K, so TRTC will never increase their revenues to greater than cost of goods? Is TRTC doomed to never increase revenues or increase margins?
What about the increase in gross margins on the Edible Garden Side?
What about increasing customer base?
What about the cannabis licences in Nevada for cultivation and production that will cover the entire state?
What about the dispensary business that will also come on-line in Nevada?
Help me understand more.
Thanks
Doc K, so TRTC will never increase their revenues to greater than cost of goods? Is TRTC doomed to never increase revenues or increase margins?
What about the increase in gross margins on the Edible Garden Side?
What about increasing customer base?
What about the cannabis licences in Nevada for cultivation and production that will cover the entire state?
What about the dispensary business that will also come on-line in Nevada?
Help me understand more.
Thanks
As a person whose company is an accredited investment entity, I have been that "secret entity" on occasion.
It doesn't bother me in the least.
But it does bother people (retail investors) never involved in venture capital.
Does it bother you sfe306?
Doc K, so TRTC will never increase their revenues to greater than cost of goods? Is TRTC doomed to never increase revenues or increase margins?
What about the increase in gross margins on the Edible Garden Side?
What about increasing customer base?
What about the cannabis licences in Nevada for cultivation and production that will cover the entire state?
What about the dispensary business that will also come on-line in Nevada?
Help me understand more.
Thanks
That wasn't my question and this wasn't an answer.
Thanks Zippie. BTW, also EBITDA isn't a good measure, as this is a brand new industry and still has to operate under oppressive rules, limited or no deduction or amortization, etc.
Hopefully some of that changes after this weekend.
Start-up companies are valued first by the ability to simply generate revenue, then EBITDA, then, "real" earnings.
So Doc K, TRTC must have proven itself in the revenue phase right? Should we be holding TRTC to a higher standard. Why did you skip the EBITDA?
Don't be moving the goal line....
Thanks
Rules are the rules DOC K.... <MJNA should be halted until the annual "story" is released imo.
Deaf,
Is a "STOP" warning for MJNA on OTCmarkets worse than a "buyer beware"/"skull and cross bones? Thoughts?
OTC is not normally my "thing".
Thanks
Hows the toxic hemp paste company doing?
Also, what company really owns RSHO "TM" or service mark?
I'm starting to feel a bit bad for shareholders if this trend continues. They need to put out a PR to try to get it over 0.10
TRTC's stock had been sold to "institutions" via the accredited investor rules for every round of financing.
Gee when you put it all together like that Sleek, looks nasty:
Decomposing hemp paste
5 Billion Shares Authorized
2 Billion Shares soon to be Outstanding
Many lawsuits
Illegal transactions left and right
Good summary
GREAT conference call for TRTC. Key points
Key points from the call for me were.
No plans to raise authorized share count above 350 million.
IVXX cannabis on sale now in Cali, all profits go to TRTC.
May open another lab in southern Cali for IVXX. Sounds like the expect big things.
Lots of mentions of acquisitions, like something is in the works.
Building state of the art growing facility in Nevada to keep LONG term costs down. Key being LONG TERM.
Taking time to be BEST to market in Nevada, not first. No reason to race as in the beginning there will not be so many with the Medical Cannabis card anyway. Of course one positive for Nevada though is that card holders from other states may purchase Cannabis in Nevada.
Edible Garden to be cash flow positive in Q2 (that is starting next week)
Lots of connection formed in the NE for more MJ growing opportunities.
Talking with indian tribes!! IVXX Peace pipe??
Many companies release earnings on Fridays, any talk to the contrary is nonsense.
Simply look at any earnings calendar and see how many report on a Friday.
GAWD...
Where is the 10-K, oh wait MJNA doesn't file.
How about an "annual report" very curious to see total shares now outstanding. 2 Billion+ is my guess, post Kannaway.
After Q2 that PRODUCE will be financing further growth of BOTH Cannabis and Produce divisions. Then the cannabis sales will take over, the whole company goes cashflow positive and profitable.
I bet that toxic hemp paste company will be gone in 1-5 years.
IMO.
Really so Market cap doesn't matter?
But that's old. The last time someone provided a link to live status showed all marijuana related TM's as now pending with language regarding promotion of a schedule one drug.
I think you're wrong, and all marijuana TM's that might be related to marijuana are now ALL pending.
We shall see.
I thought all IVXX, 420, etc. weren't being touched by the trademark dept. as MMJ is still schedule one?
So nobody can claim it yet.
I'm not totally sure what happened with the "cannabis" trademarks...BTW
Won't MJNA have about 2 Billion shares outstanding (O/S), out of 5 Billion possible (A/S), after Kannaway acquisition?
$2 would give MJNA a $4 Billion market cap... I find that highly unlikely.
The few MM's that still make a market will do their best to keep it pegged near $0.10 to squeeze as much as they can out of it.
IMO.
So is the produce producer!
It's TRTC's FIRST conference call to investors, and all this group can do is try to spin everything negatively.
Cannabis is produce!
Cannabis is agricultural produce...go produce!
The other toxic hemp past company isn't looking good...
Blake almost all pure pink sheet stocks, like MJNA, have that "unsolicited warning" Basically it means the 2 real market makers can just "create a price", this is why you should avoid OTC stocks with very few real market makers as the collude, but sneaky enough to not get caught.
The MM's been colluding their best to prop it to above .10 then sell the BILLIONS of shares needed to buy Kannaway to "bag holders".
PIPE or "toxic" financing always is unpleasant when it's in effect.
Glad TRTC files what they are up to via S-1's and other SEC reporting tools.
Some OTC Pink companies don't file anything.
Good luck.
How much will that O/S be after the Kannaway deal? 2 BILLION?
How long does a company with BILLIONS of shares take to deliver 0.001 profit per share? What's your estimate?
Thanks