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You got the point... Things are moving in that direction. Hillary or Sanders will finnish the job.
He's just looking for a better reenter point... He knows where this is heading... When he reenters then will change into a "cheerleader"... There is people that lives like that... Imagine his life...
Soon a dispensary open. Vermont voting ,by law, legalization before month end, and DEA probably rescheduling MJ on mids 2016... Not to say that if Sanders or Clinton are elected rescheduling is assured... Too many things going on...So the guy... just trying to scare people into selling. Stack to your strategy. In 2 days time nobody will care about Amy´s share tax selling. Every year is the same history. Guys trying to explote the "fear factor" out of any possible issue.
You name it!. That's why branding now it is so important... Weed itself in 3 years time, as you say, won't give a cent... There is a fierce competition in coffee price 2...but "starbucks" is making his money. Why? cause they have a brand and in its cafeterias you find lots of other things a part from regular coffee...
Agreed. TRTC wants to become a household MJ brand nationwide. They want BIG. You might not like it but that's their plan... and they do accordingly.
Nice. How you would finance all 100% dispensaries COST? That would need a "gargantuesque" share's printing machine...! So..a "win-win" plan when no financing is possible seems the smarter way.Those guys ( TRTC)wants to become a known MJ brand everywhere nationawide... The only way to get it is dealing with local entrepeneurs in a "win-win" basis. To me.
To me is quite apparent that the final TRTC´s plan is to become a franchised MJ brand...in all legalized states...which I see it as quite smart move...as those spots (dispensaries franchised) will sell your products...Slowly but surely.IMO
Where the rest of the MJ companies get that money? All from the same source...with a difference...: most are just a "scam" address and TRTC has a plan... and so far is put in it on place. If you cannot borrow money in a bank you rely in shareholders. Everywhere on the world..., not just TRTC. Question is: do they have a plan? And that plan is consistent to create value? But as I told you...you could explain how you would finance nationawide a MJ brand without shareholders part and with no access to a bank funding? How you would do that? I'm keen to hear a better plan.
Yep. But tell me a better company with a better plan(nationwide footprint) in the whole MJ industry... Honestly I can't see it.
You could explain us which would be your strategy to expand nationwide with a brand, in a sector, MJ, that has no access to regular funding YET. As much as i can dislike the fact that not regular funding is available... I just can say that DP so far has been delivering FACTS... But maybe you can name us a MJ company with a better plan...and better "footprint"...and fully comitted to its shareholders... Those deals might be a "win-win" at the end cause I suppose those guys will distribute TRTC products...too. This is a new brand "economic sector" noy yet regulated and with no acces to funding and you have to work out your plan in those conditions. That is why is so "risk appealing" = New. IMO
A part from the events happening on the company itself...April "milestone" will be if finally Vermont legalizes MJ , as it seems (right now discussing the bill), by parlamentary law (and not poll). First time EVER and showing the way...to the rest... Once enough states engage in legalization there will be no room for not delisting federally MJ as hard drug... Interesting times we live in... Keep on eye Vermont!
I just hope that if it reaches 1$ without R/S you show up to admit it... Let's see CA recreational and marihuana OUT of schedule 1...and we'll meet again in this place to see where we're at...But sure it will be a damm rollercoaster...bumpy road...
Sure. But that is more or less the same song in all the world companies...no matter if they trade in Nasdaq, Nyse, or OTC...= the normal shareholder is the last one to leave the boat... The question is how do you assest the info available to make you earn some money. Cause we're here to get money... I saw what the company planned and what it have today and I like it. I see dispensaries opening, new states voting, people aware of legalization, new drugs based on cannabis entering test phase. I charismatic CEO that can sell the idea. I like the set up and I think that will bring value...
Excuse me... I've been following TRTC since 2013... This company has delivered what it planned... If there is any company in the sector that will do well certainly is this one... That will go up, and then somedays will go down...?!! For sure... but this company has the makings of a Nasdaq trading 1 once marihuana is federally legal.
I entered back in 2014 at 0,35$ (was coming from the 0'08$...) and sold at 1$ (135.000 shares). Back then the company was just, how to say it...: "good ideas...and wishes...". Now, in 2016 it is what it planned: upgraded to QX (next level Nasdaq, but to get to Nasdaq that depends not in TRTC but in the federal law), has dispensaries, cultivation and production licenses and apparently a near closing merger with BLUM... And has a CEO with charisma (very important for media exposure) Man... if u don't see this eventually going up....
I do fully understand...your agenda...but won't happend... Just watch it go GREEN.
ohhhhh surprise... it's getting slowly back on track...
I will be surprised if we not close GREEN. Saw this action many times back in 2014...
An old fighter from 2014's green rush...here. Back on time TRTC gave us a lot... Big big... ride before the SEC haltings= party over.
Back on 2014 TRTC was a good "promise" but just EG getting income...Seen the last couple of years must say, watching sidelines (now again investors) that those guys ( DP, Terratech ) really exceeded my expectations. They got dispensaries, cultivations and production...permits... They're putting a strong footprint... in CA with Blum...and eyeing all possible markets...that will eventually open to legal marihuana... Back on 2014 this was JUST a dream...and we got to go to 1'42$... Sooo, certainly bashers and people trying to get in at lower price will try to undermine confidence..., and probably might go lower...BUT, 1 things a bet for sure is that we'll get another wild ride..., cause there is no other company in the "marihuana market" that worked out a PLAN like TRTC. And so far... they delivered... And certainly the company needs cash to expand...: DO YOU KNOW that a marihuana related company can't go to a normal bank and ask for an ordinary credit line??!! So... the question is that the plan stands! and is executed as intended!= that will bring value, and people keen to invest longtime (no fearful money as ours). 2016 looks very exciting about marihuana and TRTC related news. So...good Luck everybody in their decisions.
Agreed. Things are seemingly setting for a nice upcoming events for TRTC and marihuana legalization and industry.
Antother very good point to consider 2 about all TRTC setting:
Blum deal will bring IN a "system" well established in CA, that works!, with very formed crew (in production and selling) to be used in new locations in Nevada. Forming people and getting a system is very costly in TIME and MONEY.
TRTC deserves a chance...to bring us a nice run :
merger in 9 days
4 dispensary permits going active starting in 30 days
2 cultivation permits going active starting 2017
2 production permits going active starting 2017
1 pending Maryland permit 2016
GLTA in your trades.
I would say that if there is a R/S, if any, will only be done to uplist to Nasdaq. Has no other sense tan that... Conduct a R/S now to rinse... will make the price share sink to a point that will never get stability to properly uplist. And to uplist to Nasdaq... first "pot" has to be federally delisted from hard "drug". Sooo... IMO no R/S and uplisting anytime soon... So...stick to 4 shops opening this year before summer, IVXX, Bloam deal, and 16 states voting to legalize in 2016. GLTA
This looks like a new "green rush" 2.0... I'm a happy TRTC "survivor" from 2014 rush... Settings looks like pretty awsome for another nice run... and certainly TRTC did accomplish so far...what was expecting to do back on that time.OTC QX company, publicly traded, and finally with shops soon open. Yep, it won't be a straight road up...but I would say that steady up closing to LV´s opening in April the 20th. Greed will certainly help.GLTA
ATHENS, Nov 3 (Reuters) - Greece's National Bank said on Tuesday the process to sell its Turkish unit Finansbank was at a 'relatively advanced stage', but would not be concluded by the end of the year.
"This is already a process undergoing, which is in a relatively advanced stage," National Bank Chief Executive Leonidas Fragkiadakis told an investors' conference call.
A health check by the European Central Bank last weekend showed that the four main Greek banks had a 4.4bn under the baseline scenario and 14.4 billion under the adverse scenario.
NBG has a capital shorfall of 4.6bn under the adverse scenario. That need shrinks to 1.576bn under the baseline scenario.
"Capital generation from the intended sale of Finansbank will be deployed to replace the interim state aid in the form of CoCos (contingent convertible bonds), received to cover the residual portion of the adverse scenario that has not been covered by the share increase of the (debt buyback)," Fragkiadakis said.
trading to resume at 1:00 pm
Just Out - Greek Banks May Need Only $1.3 Billion of New Private Capital
Greece’s four biggest banks may need as little as 1.2 billion euros ($1.3 billion) of new private funds to meet their expected contributions toward filling a capital shortfall, if they succeed in raising 3.2 billion euros through debt swaps.
The Greek government said it expects the banks to raise at least 4.4 billion euros of the 14.4 billion euros needed and will make up any difference between what they get privately and the overall goal. The debt-exchange total is based on Bloomberg calculations that assume all bondholders accept the banks’ debt-exchange terms.
Two of the lenders, Alpha Bank AE and Eurobank Ergasias SA, can surpass their expected contributions just through debt swaps, underlining how capital shortfalls identified by the European Central Bank were lower than anticipated. Piraeus Bank SA, saddled with the largest contribution target at 2.2 billion euros, and Alpha Bank have said they can raise enough funds to meet their goals.
“I am confident, based on recent contact with investors, that the bank will be able to source that money from the private market,” Piraeus Chief Executive Officer Anthimos Thomopoulos said in a call with analysts on Monday. “The banks will be recapitalized to the hilt.”
The four banks must submit plans for covering the shortfalls by Nov. 6. Steps may also include selling units, winding down non-core businesses or shedding staff.
The ECB found a 4.4 billion-euro shortfall at the Greek banks using its baseline economic assumptions and a 14.4 billion-euro gap under the most pessimistic scenario. That’s less than the 25 billion euros set aside by Greece’s European creditors in July to support bank recapitalizations.
The central bank reviewed the Greek lenders’ assets and conducted stress tests to see how they would perform if the economy deteriorated further. Capital gaps should be “covered as much as possible with private means,” the ECB said.
from reuters;
Nov 3 Greek lender National Bank of Greece said on Tuesday it plans to cover part of its capital shortfall through the sale of its Turkish unit Finansbank, it said in an investor presentation.
The bank said it planned the sale of 100 percent of Finansbank, with the proceeds 'to be determined'. The tangible book value (TBV) of the asset was 3.4 billion euros, it said in the presentation published on its website.
The ECB stress tests showed that the four main Greek banks had a 4.4bn under the baseline scenario and 14.4 billion under the adverse scenario. NBG's 4.6bn shortfall is under the adverse scenario. That need shrinks to 1.576 billion under the baseline scenario. (Reporting By Lefteris Papadimas and Angeliki Koutantou)
all greek financial institutions halted
ATHENS, Oct 29 (Reuters) - The European Central Bank's health check of Greece's four big banks will show a total capital shortfall of about 14 billion euros ($15.34 billion), including baseline and adverse scenarios, two banking sources told Reuters on Thursday.
Under the baseline scenario, the stress test will show a capital gap of about 4.5 billion euros for all four banks -National Bank, Piraeus Bank, Eurobank and Alpha Bank, one of the sources said.
Results of the ECB's so-called comprehensive assessment will be released on Saturday.
Lol. Yep... with the last conversions on the bag... straight to Tijuana.
I don't see those folks working hard, after hours, trying to put the filling's last details... to meet the deadline. I'm more inclined to think that they're in a Pub having some Guinnes pints... Very dissapointing management here. Ahhh!! and no word to the shareholders... to prevent... Call them "gentlemen".
LOL. A lot of cojones...!
Yep... but is all the old debt already cleared? By the way this is behaving I'm not that sure...
how much it is "too much" of a tank..? Because this thing is down 60% from R/S on top of 99% before R/S... If those guys had any intention to support the PPS they had plenty of time to do it. Just that the game is to satisfy the noteholders cause the company has the control no more on this game. They follow, they bear... the game, and probably working togheter with those financers screwing the guys trapped here. I think some people is in serious denial about how the Board has worked all this out. They'll have a tough time to be considered a serious and reliable company. Forget to upgrade to Nasdaq by now.
yep..., only problem is that the stock is again trapped in a inferno down price spiral... where the guys converting (maybe not now but in the future..., so shorting right now...) will try to demolish the price to get more shares... So... ,with management not to be seen anywhere, they could max again the float in a matter of weeks. So the BIG O'neill's plan was not such a mastermind thing... Simple: get the retail... guessing with no news while they behave as an ATM to fill the debt conversions. Make me sick about this kind of leadership that let's down people that put their confidence on them (real investors still in). This company just deserves to be flipped. Who is gonna jump in with 2 death spiral's in a matter of months...?
There is "management" is this company?! I think there is "dis-management" BIG TIME. If it wasn't because the retail people invested in... I'd prefer this stock just crash like the Titanic and his "star" management... with it... Clearly they have arranged not to loose in any event... They probably watching the sinking boat from a nice beach with a Daikiri... Shame on them!!
The problem is that because... lack of clarity from management we don't know what's the real situation about the level, and extend, of the new conversions...?. To me, as said before, management has a deal with the debt holders... where retail is just seen as a simple ATM to pump cash...and to feed the debt's clearance. Those guys play "the game" clearly. There is 2 options: or the guys leading the company are a "total" failure, useless and so on... or they play the game along with debt holders (the ones that are shorting). The situation is quite the same as october 2014: MM's know the extend of the deals for the debt so... they just or a) they convert clearly new allocated shares or b) they just naked short, in advance of the future allocations, to bring the price down and get more shares... Meanwhile the company, and the "STAR" team has done NOTHING to support the PPS by bringing out news about guidance or whatever... I'm seeing 10k as a BEAR trap where, if good numbers..., new investor's enthusiasm will be met by a big time conversions before April the 3rd. Shame on this company's management (BIG TIME). They didn'th "show up" to stop the bloodbath. In this case... why to play his game? This stock is just a "flipping" possibility..., nothing else. Sad for the guys in. As I see it, not bashing nor pumping, this stock has no future as a "holding"... Will be again shorted to oblivion... before somebody can profit from a nice run up... And with 2 "bloodbaths to oblivion" in less than half a year... who will try to get in and finance such a "sinking boat"??!!. Promising sector but terrible management. I hope I'm wrong and it works for the folks IN. GLTYA
As real as it gets (the price). It was clear that once R/S the dump would start straight away..., profiting from the lock period. The MM's collecting money from retail bringing it down (fear) and, afterwards, when the right moment, collecting on the way up from a new wave of enthusiastic investors. The have plenty of time to cover as they now the real situation of the company. All that with a clear help from a "gone" management. Shame on them. Sad to see. ECIG just a nice flip right now. Really hope that 10k reverses things for the people IN!!. GLTYA
I'm just incredibly stunned that people keep on saying "as a positive statement" that the CFO doesn't care about the PPS. Wawwwww.... When the price drops ,like today, that guy should be ashamed... cause they had plenty of time to communicate and support the PPS accordingly... No wonder that NASDAQ uplisting is not a priority... (irony). To whom (investors or financers) would the CFO convince to come onbord with such a PPS behavior...If he's not concern about his company's prestige then...
Those guys keep on putting the retail "investor" under the bus again and again... by just ignoring them... Last PR, done after hours, announcing officially the R/S just shows BIG TIME their contempt. No news about the bussines itself for 3 months. To keep holding tight one must be really a true BELIEVER.
Those guys, management, and the MM's, have insider info... They can crush this to the ground making money... from retail (retail just can do it playing long). TA gagged and 280 million shares available to convert... The MM's they have the real insider info, and retail has no info at all. They know that dilution is knocking the door so they'll wash retail money bringing it down.
Old management was BAD: they wanted to "buy" a Ferrari without money, so leaving the bill...to the next...
but new management... by not clarifying about guidance, debt.... doesn't inspire confidence at all (to me).
To my humble opinion: still some blood to be spilled... before there is a wave of retail investors making money keeping ECIG.
Really hope that 10K can change the impression that dilution still will bring this further down. GLTYA. I'm just watching the action. Hope those guys (BOD) start to communicate much better...!!!
In my opinion to try to uplist this year to Nasdaq it will be a "race to the slaughterhouse". With what happened here they better settle the company for a long while ( 1 or 2 years ) before to try to uplist. ECIG has set a tarnished image for the last half a year... that only time... and proper management can change. To me the company is in total full "survival mode". A situation where, retail shareholders, doesn't count when taking decisions AT ALL. For the time being... I'm out but observing... I came during the rough conversions time (0'03-0'08$) and I don't want to be a martyr. I don't trust the way management is communicating... so I don't want to go through a R/S in those conditions. Nevertheless... sure! there is money to be made and I'm hoping the best for the strong longs. Great "university" ECIG board it was!!! Have to say also that I miss the board from december-late february: great info and analysis in treacherous times. I see too much empty pumping and "scavengers" profiting to infuse fear and make a quick flip in panic selling waves (and which is worst = having fun and taking the piss of peps). "In vino veritas"
Lol. Calm down.
Oh my GOSH! another 8k.... and this one quite a BIG one. Truly nobody here can ensure that the "BEAST" (ECIG) will go up or down...today. What we know, as a fact!, is that it will go UP or DOWN sharply. The CFO said it clearly during the meeting that, short term, they don't give a "shit$" about the PPS. If the RS happens the 24th, as stated, there is 3 trading days left. It seems also quite clear that after the RS there is another round of "dilution", coming in, to upset the warrants before April... We'll see how this plays... but, none in this board, have the right info to predict which direction PPS will go. All assumptions... thanks to the "clarity" and guidance from management. Being in this stock has been a proper teaching in "russian roulette" to say the least. Today another class. Hope it works well for everybody.