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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
So Kannaway insiders will be selling 500K shares a day. I'm sure all the rule 144 forms are already on file.
That is 1% of average weekly volume.
FDA on the offensive against companies like MJNA on their claims.
http://www.usnews.com/news/articles/2015/03/11/fda-brings-down-hammer-on-cbd-companies
Soft launches of new products is quite typical.
"Dixie Botanicals" is made from toxic hemp paste, the real medicine is now under the brand "Dixie", MJNA sold it back to Tripp Keber in a lawsuit. Dixie (not botanical) is still made in Denver with controls. However, it's success in Denver will not flow back to MJNA in any way.
MJNA lost support at .12 and volume accelerated toward .11, it will be interesting to see if it bounces or cracks that level.
Perform the same calculation to many other tickers for the same result.
What is the value of stocks in this sector?
I have also advised all interested to use the full 350,000,000 in all calculations.
Now that was interesting!
The cost of capital for TRTC sure was expensive... for shareholders.
But they are making progress and have one of the lowest Authorized share counts at 350,000,000. However most of the # is spoken for....
Some companies have up to 5 billion authorized shares.
Private capital is still the place to be, but this is a decent public play, IMO.
Excellent post Lax1!
True CBD, they are trying, and I think Walmart is touting "local growers" now, so should help in the states we have EG. I gotta fly out to NJ and check it out. But maybe should pick Florida this time of the year...
Unfortunately that's very true currently, however once economy of scale is reached it will be profitable, but still always a low margin.
But I'm a foodie and want healthy options whether from edible garden or our local company that is private here in Denver. That crap sells like crazy in affluent food conscious areas. So honestly not sure why Walmart is a distributor... wrong demographic IMO.
MJNA: The #1 Authorized Share leader at 5 Billion, 1 Billion outstanding. 4 billion left to dump... Realize this massive # of shares makes MJNA's market cap totaly overvalued... IMO
Look at the "quality" of the revenues as it's all an intra-company shell game moving money to appear things are good.
The best thing going for it is it's ticker MJNA to bring in new "bag holders"
Danger.....!
sfe306, the deal with Dominion was horrible at best, but start-up capital was not easy to find in 2013-2014. The recent equity line of credit at a 5% discount is very good at this stage in development too.
That I will not argue at all, in fact I wish I was Dominion, they made and continue making BAN
PS: I'm not a novice, I'm ex-financial audit and compliance. I used to nail people to the wall for not following the rules..
sfe306, the company can and will issue share up to the A/S. IF a authorized share increase is needed, they will increase it. Cross that bridge IF needed. Pure conjecture to say it's required.
I'm more than welcome to clear up the 1/2 truths here when I have time, but I don't have private message....
Dr kevindenver Phd
Please provide the SEC or FINRA rule that states that the A/S must be increased to satisfy a reserve share requirement thanks.
If the rules have changed since I retired from finance, I'll agree.
Edit: So far everything I've read says I'm right... Only IF the shares are needed for issuance will the A/S need to be raised, and that NEED may never arise.
Also, I'm on record if I had real voting power to raise the A/S for accretive acquisitions. Why because I'm a venture capitalist who likes to see small companies succeed!
Dr. kevindenver Phd
MJNA does not sell produce because they have NO growing experience, they buy toxic hemp paste instead.
Maybe if they had some quality control and state licences they could have been a contender for 2015...
I owned MJNA in 2013 as more details of poor management and awful business plan emerged, I realized they would not be a future contender.
So agree, MNJA blew it when they lost the REAL "Dixie" and are left with "Dixie Botanicals". CBD from hemp is so inefficient it will never have decent margins compared to producers from cannabis. Plus, the industrial hemp paste they use is laden with heavy metals and other toxins.
Remember 1 Billion shares are now outstanding, with 4 BILLION left to dump!
Wrong the reserved shares to meet their obligations MAY exceed the A/S it does not mean an A/S increase is needed at all.
Pure conjecture.
Dr. kevindenver Phd.
Thank you so much for the context dtebe!
Yes, TRTC needed capital now and will put it to good use.
I 100% agree with your statement, to watch their financing activities for 2015. The CEO has stated a few time TRTC does not want to do an A/S increase, but I like GROWTH, if it's an accretive transaction. I'm all for it! But the common stock has zero real voting power....
Build it TRTC!
Dr. kevindenver Phd.
Not all PIPE financing is "toxic", heres a little lesson from this site:
http://media.mofo.com/files/Uploads/Images/FAQsPIPEs.pdf
PIPE transactions have received negative press in the
past. How does the market view PIPEs today?
In the past, PIPEs have been confused with death spiral
transactions and equity lines of credit. See “What is a
death spiral or toxic convert?” and “What is an equity
line of credit?” below. Unlike PIPEs, these transactions
can result in ongoing and substantial dilution. Also, the
SEC’s enforcement division has brought a number of
actions against hedge funds and other investors in PIPE
transactions that traded in advance of the public
announcement of the transaction while in possession of
material nonpublic information or that engaged in
manipulative trading practices in connection with PIPE
transactions.
PIPE deals have grown in popularity over the past few
years. The types of issuers taking advantage of the PIPE
structure has broadened from small companies to New
York Stock Exchange traded companies. In addition,
the numerous publications, websites, and conferences
that cover the PIPE market have made the PIPE
structure more familiar to investors.
Unfortunately the stated revenues for MJNA are all shell game movements of cash between related companies.... One reason MJNA no longer puts details in their fillings!
The increased competition from non-hemp medical CBD producers will make MJNA completely uncompetitive. In the medical states, MJNA has lost what little advantage they thought they had....IMO.
Ok, but with the "other company" on the pinks, simply doesn't disclose...
Right the Roen case may not be a big deal in shares. MJNA was ordered to release about 50,000,000 out of 5 Billion shares they can authorize and issue, so it's only 1% of the company once fully diluted....
Many companies on OTC and listed have been halted for misrepresenting their financial situation. MJNA can hide under the low reporting requirements of the PINK sheets for only so much longer...IMO
http://seekingalpha.com/article/2767885-roen-ventures-wins-summary-judgment-in-its-lawsuit-against-medical-marijuana-inc
$$$$ GET OUT BEFORE IT'S HALTED! $$$$$
Their loss in the Roen Ventures, LLC case, proves how little shareholders know about what they own, why because management doesn't disclose. Welcome to a actual PINK sheet stock, doubt me, go to OTCMarkets to learn about required disclosures on the different OTC tiers.
MJNA shareholders are flying 100% blind.... and management has PROVEN their willingness to NOT disclose the REAL capital structure or undisclosed material events....
Dr. kevindenver PhD
So true... with 4 Billion shares left to dump...
Quote: The only connection between MJNA and anything else around the globe is toxic hemp paste with living microbes that it imports from China for CBD.
Dr. kevindenver PhD
I'm just trying to present the glass half full argument.
At the moment, TRTC is the best of the "worst".
I have received many accredited investor solicitations for 2015. You'll have more choices in 2015. TRTC is main survivor of 2014, inspite of it's current PPS. If you honestly believe PPS has a direct correlation to a company's value on the OTC, you should to re-read the S-1.
Dr. kevindenver PhD