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Tons of games being played here today - did you notice the influx of penny traders? They're looking for a flip!
But hell, I'm not mad - they made me 900 bucks on this POS today.
The company is still the same - it's still a p&d. Just take the flip and try to recoup some of your losses. Be warned, let it ride as long as you want, but as soon as you see massive dumping on L2, jump ship, as it will end up back here!! They play these things like shells - and NRTI might as well be one.
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Maybe they'll use the cultivation center for more NB plants products like flower to make the insiders private business more revenue at the cost of our investment.
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He's just trying to convince people to buy shares so he can flip. None of those points have any relevance whatsoever.
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At this rate we may lose the QX rating that we just paid $20,000 for. LOL.
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We waited a month for that update.... Ouch.
If they have a shareholder meeting I'll be out front picketing. Bunch of crooks, IMO.
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Wowwwww all the trip flippers are here now.
Because until we are growing the pot, we are still just another one of the 100 "pot" companies. On paper, we sell fancy bags. TRTC has been touting that it will grow its own weed for years - and today's PR is yet another example of this.
SSC
Also, I want to mention that I received this from KSCA. Never did I sign up for a TRTC mailing list - they must have added me to a TRTC list when I emailed them two weeks ago.
So in other words, I emailed KSCA asking serious investor questions, and instead of responding, they added me to TRTC's promotion spam email list.
UNBELIEVABLE - AND ILLEGAL!!!!!!!!!! (See:SPAM!!!)
SSC
NEWS:
Yet another "TRTC eventually intends on doing..." PR saying that TRTC still doesn't grow pot yet - unlike what sleek and others claim. They're still selling blums weed in fancy bags.
Terra Tech Provides Timing for its Medical Cannabis Operational Certificates in Nevada
NEWPORT BEACH, Calif., Sept. 30, 2015 /PRNewswire/ -- Terra Tech Corp. (OTCQB: TRTC) ("Terra Tech") or (the "Company"), a vertically integrated cannabis-focused agriculture company, today provides a timeline for the eight medical cannabis provisional operational certificates it has secured in Nevada.
"Nevada is an attractive market for us because it is one of the only states to recognize the patient status of non-residents. It has also developed some of the most entrepreneurial-friendly legislation in the country," said Derek Peterson CEO of Terra Tech. "Introducing our IVXX brand into Las Vegas, Reno and Clark County capitalizes on Nevada's advantageous regulatory landscape and thriving wholesale market. Our new dispensaries and cultivation centers favorably position us for long-term growth as we look to cultivate relationships within the broad network of retailers within the state."
Terra Tech's medical cannabis provisional operational certificates cover the following facilities:
City of Las Vegas Dispensary: Located adjacent to the Las Vegas strip, this location will benefit from the heavy traffic in Las Vegas. It is scheduled to open during the first quarter of 2016.
Two Clark County Dispensaries: Located at 1130 East Desert Inn Road and 3650 South Decatur Blvd., these two dispensaries will provide easy access to resident of the county but also for patients traveling in from other states. Both dispensaries are scheduled to open during the second quarter of 2016.
Reno Dispensary: This location will benefit from tourism, as Reno hosts close to five million visitors a year. It is scheduled to open during the second quarter of 2016.
Clark County Cultivation and Production: Terra Tech has been testing new ways to improve operating efficiencies, energy consumption and productivity, which may increase production up to 30% and reduce energy costs by more than 60%. If successful, these new methods will be employed at this location, which is scheduled to open during the first quarter of 2017.
Washoe County Cultivation and Production: This location will also utilize the new efficiency methods Terra Tech is currently testing. It is scheduled to open during the first quarter of 2017.
Mr. Peterson continued, "As a major tourist destination, Nevada sees close to 40 million tourists a year, more than 30% from California, a medical cannabis state. We believe tourism is going to be a significant growth driver of the medical cannabis industry in Nevada, and our expanded retail footprint enables us to meet that demand. While we await the completion of our cultivation facilities, we are negotiating leasing space from other operators to immediately offer IVXX products to customers."
In addition, Terra Tech will be launching the IVXX ™ brand of premium medical cannabis concentrates in Nevada in early 2016. The Company intends on cultivating and producing IVXX-branded flowers, joints, shatters, waxes and oils in its Nevada-based facilities. Terra Tech will market the products to the 62 third party-owned dispensaries throughout the state, and will also carry them in all of the Company-owned dispensaries.
Current status of my emails:
No response after 2 weeks from KSCA regarding my questions RE: TRTC. (What's the point of investor relations if they won't talk to the investors?)
No response from NULIEF after 4 days via contact given on their website. The website says email for availability. I let them know that I'm a California medical patient, and asked if the product is still available at Blum, or in anywhere other than Blum. 5 days, no response.
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My current sentiment towards TRTC is anger. I feel like I've been duped. The money 30,000 can turn into .0001 and it wouldn't affect me - they will remain here in the off chance that TRTC will truly be the lottery ticket we all want it to be.
With that said, I'm just waiting for TRTC to prove me wrong. I'd love to see a share buyback, cancellation of bonus program, compensation committee that aren't DP's life long friends, or a decrease in IVXX SG&A, Fire Puzzo and/or James, finish the NB plants acquisition, explanation of nulief' fake launch, etc. Any of those will make me happier than I am now.
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BMAK is dilution - won't back off until he's out of shares to sell.
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I originally owned 150,000 shares, with the intention of eventually owning 500,000. I only own 30,000 now - if that gives you any insight into how much hope I have for this company now. The 30,000 shares were free after my gains.
I've posted this prior, there are two reasons why I leave the 30,000 shares on the table.
1.) salwa Ibrahim is high up on a short list of cannabis advocates. I can't believe that she would stake her reputation for money.
2.) same situation with Evan, director of cannabis division for TRTC. He just joined the national norml office and has been instrumental to many MMJ bills. I can't imagine him losing his reputation over cash.
Then I'm reminded of the opposite:
1.) many times the lawyer is the one pulling the strings of the puppets, and Thomas Puzzo is still our lawyer - all it takes to look less like a P&D is fire the p&D lawyer. Why won't they? Perhaps he's the leader.
2.) innocent folks get dragged into scams often. I don't mean scam in the tradition sense of "no product ever existed it's all a facade", but more in the sense that this giant machine is made to make a group of people money, and no chance of any shareholder doing the same. It's built for the insiders. An example - I loved Robert caulkin. Followed him on Facebook - Twitter, loved his ideals for the MMJ scene. He became Ceo of GRC# which is now a known scam. He's not CEO any longer the same way that salwa and Evan can bail at any moment.
SSC
I sold 2013 holdings for a profit last year. I bought much less at .16 this year, but I'm still very green.
I'm not mad because of money, I'm mad because I truly believed in this company's future, defended it to the death, and believed the words coming out of Derek's mouth. Now I do not.
I'm mad because they are taking advantage of people, and it's unfair to many.
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That's not true. GWP# is a Nasdaq stock, and although they're pharmaceutical based, it's still a cannabis stock - and one of the only legit ones at that - hence why it's on the Nasdaq and we are only touting that we will one day be there. To sell shares, of course.
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No. We still don't grow pot. We sell fancy bags with someone else's pot in it.
Also, other companies do this. AFA# is one. TWMJ# another. I could go on. You're wrong as always.
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Ask the world if they've heard of 98% of the Nasdaq stocks and they will say no. What's your point? The people that invest in the OTC are penny stock traders - and you're expecting others to come flocking. They will not. Perhaps more OTC traders and blue-sky-hope-ists, but that's about it.
SSC
Not sure if you use any of the big boy stock brokers, but TRTC was on the "trending hotlist" for TD Ameritrust, and the "most added to watchlist" for scottrade in March of 2014.
Of course, you weren't around and missed the boat, so I don't expect you to know that. TRTC was very well known by a large amount of the investing community at the time - because at the time there was no reason to doubt TRTC. Now there are hundreds of reasons.
So, LOLLLL????!!!!!? LOL!!!! LOL????? Llllllopoooolll?????!!!!! LOL!
SSC
First, I don't bring up that article, I'm not MH. With that said, I've tried my hardest to refute the things in that article and simply cannot. I've gone as far as emailing KSCA to tell them many of my concerns without an email back in weeks now. I've also called them multiple times without answer.
I don't doubt that TRTC is proving that it can distribute cannabis - I doubt that they're ever going to change the company's structure to benefit the shareholders.
I feel like half the people on this board would be defending Jared fogle if they were subway investors, just because they have money in the game. It's just insane. What's right is right and what's wrong is wrong, period. What insiders are doing with TRTC is wrong. Profiting from not one entity, but multiple, is not okay. TRTC, GrowOp, IVXX, EG, and Blum are all giving money to Derek and crew. Where's yours?
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Look at my post history, I've said this for MONTHS!!! maybe even a year now!!!!! Hype PR's and all the media attention in the world won't keep the savvy investor from looking at the balance sheets - and they're TERRIBLY UGLY. Just absolutely awful. REVENUE without increasing salaries, SGA, and bonuses is the only thing that can help - but we all know when revenue goes up, the bonuses and salaries go up - and what's left for shareholders is another bill to foot.
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So secret that it was the number one board on the number one stock forum website revolving around penny stocks! Wait... If it was #1 on most read, #1 on breakout, #1 highest gaining, does that mean no one knew about it?
No, it just means that you missed the boat and think that you're finding a diamond in the rough before everyone else is.
You missed out, sorry chap. Back then we didn't have all of the information on the table. Now that it is, it's clear to see that DP and crew will NEVER stop taking from the shareholders. Never.
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It's fun to donate your money to someone else's salary for zero benefit. Super fun.
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That's because those companies aren't on the scam filled Wild West of the stock market. They've proven themselves unlike TRTC. I'm quite familiar with the stock market.
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Yeah, that one really pissed me off. Having a .00 .000 chartist promote your stock. You really want to associate with that?
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That's not true, SmallCapVoice has been paid multiple times by TRTC in exchange for promotion.
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All very, very plausible.
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They cash in shares as WELL as take a salary.
Derek received 200,000 for salary, and another 300k in stock.
Michael James received 132,000 salary, and another 550,000 in stock.
http://www1.salary.com/Derek-Peterson-Salary-Bonus-Stock-Options-for-TERRA-TECH-CORP.html
http://www1.salary.com/Michael-James-Salary-Bonus-Stock-Options-for-TERRA-TECH-CORP.html
Of course, the other officers took salary and bonuses as well.
Shareholders are the only ones losing here!!!!! If it doesn't change now it never will!!!!!!!!! GET MAD! CALL! COMPLAIN!
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That's not true. They do get a salary now.
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Because at the time, I believed the hype, the same way you did at that same time.
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They already have - that's what you don't seem to understand. The market has figured TRTC out, and that's why it's at .10 and been in free fall for over a year.
The majority already figured this out - you're the one that's late to be party.
PS - I called the run over a dollar perfectly. Gave every reason and catalyst for it, and it happened, because all of the things I mentioned were true and meaningful at the time. Now that more is on the table, there is more evidence to see - more proof that this will always benefit the insiders. Because of this, the price has decreased. It doesn't take an IQ above 50 to see that.
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Thanks for the lesson of things that I'm quite aware of, and have little to nothing to do with my arguments.
Side note - extraction occurs after the product is cultivated. Therefore, water and electricity are used, and priced into the product that TRTC is purchasing off of privately funded Blum. It doesn't matter what the margins are - Blum and Derek/crew will win and shareholders will lose.
Blum got its share. Did you?
Derek and Amy theirs. Did you?
Multiple years and multiple bonuses for Michael James. You?
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I never claimed that they weren't selling it. I claimed they aren't growing it - because they aren't. They're currently selling repackaged BLUM products, because salwa's business permit is the one being used to get the cannabis to the lab. And it's all costing TRTC more to do this than it brings in. Why does it take 400k to sell 300k worth of repackaged cannabis? Ridiculous.
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I think it may cause a temporary spike that allows you to exit your position, but I do not believe that it will change the bottom line for investors, and therefore, the pps will return to the correct levels reflecting that shareholders do not benefit from revenue in this company.
JMO!!!
SSC
The media attention did happen. Derek was on tv much more two years ago than he is now. Nevertheless, TRTC was in the same position then as they are now in the sense of being a MJ stock. They still tout that they are, but still aren't growing their own MJ, they're using private funded Blum MJ. Also, they have always touted that they will be "the first" and they're still trying to tout that. SAME tactics.
You're still not understanding the problem though. The structure is set up to help DP and crew, NOT the ones funding the operation. It doesn't matter what type of company they are, they could be AMZN and it wouldn't change the fact that the company is structured for US to LOSE. Yes, the company can be the biggest-best-one-step-ahead public companies and WE will still lose!!!!!!!!! The company can bring in millions, but you will see SGA rise and other sorts of accounting gymnastics to continue to benefit the insiders, not the shareholders.
We have carried the burden of funding this operation, and they will continue to reap the rewards. It hasn't changed for years, why would it now?! They make plenty of money and funding to continue doing this forever at the expense of us gullible investors.
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As far as #2 and #3 goes, I thought the same thing over two years ago when I found TRTC. I even posted about the masses learning, you can read so in my post history. It's simply not true. There is no solid evidence that the masses will change their mind about investing in a half shady business ran for insiders.
SSC
Jim kras personal Twitter retweeted an omessentials link a few weeks ago. I also believe that their info is on the bottle.
With that said, who cares?! About 3947474839474793939734 companies make CBD pill products readily available at health food stores, whole foods, Amazon, etc. the market is saturated and worthless.
I was made to believe that NULIEF was going to change all of this. A new unique way of CBD. Something that an entire scientific advisory board had to be created to do. Something that other companies COULDN'T do. Is that not the story that NRTI shoved down our throats for months with all the PRs about NULIEF? Well, the product does contain the word LIE... So, we should have known. WHO CARES about any other CBD product. They're worthless these days in terms of revenue!
NRTI is ran by crooks trying to line their own pockets. They'll tell as many stories as they can to get you to keep their lights on and pay their very large mortgages. Luckily this story is almost over. These guys will have to R/S again to live - and at this point they've done so many and lost so much interest that it may not be possible to do again. They may just need to find a new shell to take over and start some new pump - Probably a dark matter extraction plant in space. That'll sell some shares.
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This is trading very tightly sideways. Something is going to happen one way or the other very soon.
JMO
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She will not respond. I've received no response from the company in over a week.
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