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Was he talking about Harborside like all the other news outlets?
When you make as much money as I have on stocks Yujah, you don't need to work full time anymore. I work as a financial consultant part time. My background allows me to see thru the BS of TRTC and look at the factual financial data. A lot of their intangible assets are severely puffed to cover for where money that disappeared, their business cannot sustain another huge net loss without an infusion of new capital (i.e. dilution), and the management team's strategy of all these toxic deals is going to make it nearly impossible for TRTC to ever turn a profit.
I can tell the dispensaries are open. Their operating cost helps towards that 7 million dollar net loss.
I agree. I was very much in support of this company at the beginning. I made a ton of money flipping then decided to go long and my money sat for a year as the insiders enriched and diluted. 0% return over a year is pathetic.
Pear, I appreciate you being able to compliment my posts with the info I may miss. Facts can not be disputed and unfortunately a lot of people are going to realize that this stock is a penny stock for a reason.
They can just gift themselves more. They have that option. The stockholders on the other hand are screwed. Say a 10 for 1 is done. The stock is now at $3.87. Management reissues 250 million of the 990 million it is authorized to. Your stock just dropped to $2.17 a share.
Funny how every video is of Harborside. No Blum in sight!
Another great post Pear! You continue to speak the truth and point out the major issues that people should be looking at when deciding to invest.
98 likes on that post. They are breaking Instagram!
You guys keep acting like the R/S is old news. It didn't get approval until fall of 2017. Up until then, there was no authorization to do it. It is coming and when it does, say goodbye to any gains you thought you had.
If you mention the tobacco merger enough guys, it still won't come true. Keep wishing though!
A legitimate businessman that was forced to put something in writing that he would no longer sell shares this year because he was being accused of an insider enrichment scheme.
A legitimate businessman that has been investigated by the SEC, changed his last name to hide the past from the public, and hired a bunch of others that have been investigated by the SEC to join him on the board?
And once the trendiness and novelty wear off like it has in Vegas, traffic will decrease and the net losses will continue to pile up.
Yup at Harborside! The other dominant company besides Sparc in the Bay Area
Not good news for TRTC. These larger companies will eat their lunch.
Where?
Derek is a snake oil salesman. There are grow facilities that are still empty that he said he was using past funds for. It is just a shell game and even closer to a Ponzi scheme. This business was never started to be legitimate.
Yup, the merger you keep posting about. Keep wishing it was real because no chance Altria buys this bloated heap of flaming garbage.
DBrown, the cheerleaders don’t like to live in reality. They want to believe that everything is just handed to people for free. The expansion will come at the cost of the shareholders much like everything else for this company has. Derek and crew have been careful not to use much of their own money at all in this venture.
GV, how many visitors go to Santa Ana and Oakland? No one that I know. LA, San Diego, and San Francisco are the cities to be in and Blum is in none of them. Oakland is the closest to San Fran and Sparc dominates that marketplace.
The R/S vote from last year carries into 2018 for a reason. They knew they needed it because the free cash will be gone after Q4. They do the R/S, reissue authorized shares from the 990 million they made sure to keep available in the documentation and the enrichment train continues.
Q4 is quite relevant actually. It is where they run out of free cash and have to issue more stock aka dilution.
You guys can give me all your money and I promise I won’t lose 7 million a quarter in a business.
Penny stocks have almost a 0% chance of being successful based on historical data.
And once this fake hysteria and volume dies down, back to the .20’s it goes. Mid to late January, TRTC is in the .20’s. Mark it down!
I treat stocks like poker. Not going all in on this stock when in reality this company is hold a low pair with straights and flushes are showing.
So California has different preferences than Nevada because they aren’t winning any awards there
He left that to make six figures and cash in stock options whenever he wanted. Such a hero!
So you are proud of being amongst the best 50 penny stocks? That’s like a pro athlete bragging to his opponents that he was one of the 50th best athletes to come out of their high school.
Canopy is severely overvalued and TRTC has nowhere near the footprint they have.
They already had the election boosts in 2016. The stock dropped from its high of .56 to around .14 in a month. Go TRTC!
How much of their own money did they risk to get this started up?
Where is Blum the “behemoth” on this list in the Bay Area? Isn’t Blum Oakland a big deal?
https://www.bizjournals.com/sanfrancisco/subscriber-only/2017/03/03/bay-area-cannabis-businesses.html
You better care about the competition. The only way TRTC makes it big is they can overcome the competition. Based on TRTC’s “strategic” positions, they are going to be fighting a huge uphill battle.
If you expand beyond your means, all you end up doing is ending up in a spiral of debt you can’t escape from. In this case, they have the stockholders continuing to foot the bill.
I am giving new investors a stern warning about this company. Dilution isn’t stopping anytime in the near future.
This company makes it tough. Trust me, they found every single way to ensure the dilution machine keeps trucking. Any normal R/S would have the outstanding and authorized both go down. Not TRTC. They want to ensure they can R/S and then instantly stick it to the stockholders by reissuing the authorized shares.
When did I guarantee that?
Pear, you have to read the fine print of the R/S vote that passed. The outstanding will decrease but the authorized will stay the same. They will use this to dilute further.