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They you Peter for all the DD today. Informative as always.
I'm okay with it either way.
Fyi:
The net result for the quarter ended September 30, 2013 was a loss of $14,945 or $0.00 per share compared to a loss of $257,083 or $0.00 for the quarter ended September 30, 2012.
Learn to read.
Again still better than Amazon.
Hey that's more than Amazon made!
I think we are saying the same thing and correct me if I'm wrong.
BTW I'm referring to the latest 8K filing.
"On October 24, 2013 we offered and sold 10,608,667 Units to 15 accredited investors, at a purchase price of $0.06 per share, for aggregate proceeds of $636,520. Each Unit consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $0.06 per share."
The shares issued at the offering are reflected in the O/S. The warrants which equalled the number of shares issued 1:1 do not show up in the O/S until they are exercised at .06. Both add to the A/S (shares and warrants) which has already been accounted for in the most recent filing.
Now if those warrants have been exercised we will see it on the next 10Q as both a paper loss and an increase in the O/S. Not the A/S which will stay the same. The loss is calculated by the difference between the current market price when exercised and the .06 exercise price. So on paper at least this will affect the bottom line.
Warrants are held as treasury stock until exercised so they aren't reflected in the O/S. Only the A/S. Two different things.
As we say they have the lowest O/S right now but we need to be aware that it could be reflected on the balance sheet which will affect the bottom line. For me it isn't a concern. It will be a one time charge and it's not actual cash out of the companies pocket. It will be paper only. I see bashers and articles written all the time against companies claiming they lost money only to find out it was the situation I just described. Which is why it's good to do your DD ahead of earnings.
I don't think CO is the focus right now. At least according to Derek during the webinar.
CO growers must be in state companies.
What's your take on this?
I think Derek mentioned something about vetting a lobbying firm during the webinar.
"Hope It will not take a tragedy to change the laws with BLOOD on congress hands for delaying action."
Problem is those idiots would instead close all the legal down. Better to have gangs and cartels. (sarcasm)
The warrants aren't included in the O/S. Only the A/S
If they haven't exercised the 10.6m warrants already. The next 10Q will tell.
Which will show an increase in O/S and a one time charge (paper loss) to the balance sheet.
Takes money to make money.
Their O/S is relatively low so 10.6m more isn't earth shattering.
Source?
A little over. Hmmmm.
At the very least they won't disappoint.
I think guidance will be more the key here.
I had no idea Edibles even existed until I found the company doing MJ DD.
And now I own stock not because of MJ.
Fact not opinion.
I agree now isn't the time to go big.
Some day they will announce an endorsement and you will be jumping up and down about how great it is
Takes money to make money.
Correct and thank you for clarifying.
National advertising campaigns hardly qualify as pump and dump.
Now this is a great post. Conservative and on point without all the ra ra ra.
Thank you for not factoring in MJ or hemp. For now.
Even if you were to use the low side PE of the Nasdaq we would be setup for huge gains from here. $1+
So your saying you wouldn't like to see a celebrity chef endorsing Edible Gardens on national television?
Many people do not know about their products. If they had a media campaign and people found out about the benefits, this thing would blow up.
The more exposure the better. And with a campaign that would happen a lot faster.
In markets they aren't in, more people would start asking their local grocery store about carrying products.
Right now they probably sell everything they grow, so until they expand capacity it's probably best to hold off.
But man that would be exciting.
Advertising and educating the masses about your products is important. All companies in the consumer market space need and use them. I know we think
Edible Gardens is great but this will happen and when it does our investment will go thru the roof. Even more.
A little DD on hemp
Forget my combine comment. Looks like I might need to design something.
The one big benefit of hemp? Its environmental footprint is relatively small. It requires few pesticides and no herbicides. It’s an excellent rotation crop, often used to suppress weeds and loosen soil before the planting of winter cereals. On the other hand, it requires a relatively large amount of water, and its need for deep, humus-rich, nutrient-dense soil limits growing locales.
And hemp cultivation is highly labor intensive. Loflin, the Colorado farmer, took to social media to recruit 45 people to help him harvest his crop by hand over a weekend. “Use of a mechanical combine,” the Denver Post reported, “would have harmed the plants’ stalks.” That’s one reason prices are so high — about six times the cost of wood pulp. Hemp is an annual crop, which means it must be stored in order to be processed throughout the year, further adding to the cost of using it — and to the incentive for using something else.
From this article:
http://modernfarmer.com/2013/10/legal-industrial-hemp-wont-matter/
To expand on this if TRTC doesn't' have a media campaign I think this needs to be addressed. Educating the public as to what Edible Gardens has to offer and getting that out front and center would create huge demand for their product. Perhaps when they ramp up more grows and co ops to meet the demand that comes with that
So do they just run a big combine thru the middle of the green house or do they have labor harvesting each hemp plant?
I'm a ME so it would be interesting to know how it's done if mechanically.
If it's done hydro just for the oils I can see indoors being the way to go but for industrial hemp (rope, clothing, etc) outdoors is more cost affective.
Media Campaign
Does TRTC have any type of media campaign (TV & print) in the markets they are in for Edible Gardens?
Happened before when they overhauled it.
Hey won't get a free pass like the POTUS does. They will pound this story into the ground. I say he gets dirty from this so who knows maybe someone more mj friendly.
Good to know.
I was thinking more the commercial products from hemp. Seems the farms in Colorado are producing oils from outdoor grows though.
I understand the benefits of not using soil but cost will be a factor. Not sure of the economics of hydroponic indoor grows and mass cultivation of hemp.
Can't imagine it would be competitive but could be marketed as high end product as you say. This could be TRTC's angle?
Needs to be voted out then.
They still won't be able grow until they get the green light from fed's.
Hemp isn't the big money for TRTC. It's a low barrier to entry and will be grown outdoors in soil. Any farmer with land will be able to grow it. Otherwise it won't be economically competitive with foreign grown. The money is in MJ and Edible gardens.
I do agree it's great news for the country to be able to grow hemp legally. Some have already started.
http://www.foxnews.com/politics/2013/10/12/colorado-farmers-harvesting-industrial-hemp-despite-federal-drug-law/
No. Alan wrote an article about the sector being "over extended"
Here is the link. Self serving article for his 402investor followers? Don't know but at the very least provided cover for the games. I will just keep one eye open from now on.
http://seekingalpha.com/article/1936211-capitalizing-on-cannabis-dont-get-caught-in-a-green-crush
Business update would be nice layout out the details of GIFT.
Not specifically contracts if they haven't been inked but I would like more details.
As you point out Peter.
"Stair stepping to .63"
Not parabolic to .63. Which isn't healthy. Unless you can time it sitting at your computer as a day trader.
Our last move going parabolic would have seen a quick drop. And who knows maybe that's what we got. Let her churn here for awhile. Accumulate more shares and get ready for the next leg up.
Happy trading everyone. Or investing.
LA
Alan sold his MJ stocks (paper trade fund) except one before the huge run. The 420inverstor subscribers that followed this strategy lost out on the last two week run. Can't imagine they were to happy sitting on their hands. Yes I know everyone makes their own decisions when trading but the subscribers pay money for his service. So I'm sure they put a lot of faith into what he says.
How else would you cool the best MJ stocks in the sector being you are the only analyst that follows MJ stocks? And the subscribers to your service were missing out on huge runs?
Why not keep you 420investors advised to the "ahead of themselves"
and leave the Seeking Alpha broadcast out of it?
This in my mind is where his reputation takes the biggest hit.
I believe the good MJ stocks will be healthier for this latest pull back. We probably will trade lower and higher in a nice range and his subscribers may benefit more in the long run. But longs that held are pissed.
So Monkey the way I read it to get to the .6's we don't have to go parabolic? And the consolidation ranges are actually very good
based on your 50%. I may have not like the drop yesterday but our little parabolic run wasn't going to be sustainable anyway. Everyone would have just dumped above .50 and we would be right where we are today.
Thanks again for your numbers.
So what was the purpose of your common sense article?
A public service announcement? Where you solicited by SA to write it?
Frankly I think you may have unwittingly facilitated the tanking of the sector and the momentum. Good stocks and bad. We really didn't need that kind of press. It just plays into the hand of market manipulators and you just gave them cover. Not to mention I think you took a hit to your reputation.
The other article was released at a rather suspicious time. 5 minutes later the sector collapsed. Taking the good down as well.
Perhaps it was an in your face payback regarding comments you may have made about a stock he was invested in. Who knows.
Us retailers are at the mercy of all the games.
Computers?
But it need to be put in the context of buying as well. 80m buys is a very large day as well.
I think he was referring to the volume that dragged us down. Not daily. We were on a run until the Sa article.
My guess is he was in another MJ play and wasn't happy with how his stock was doing.
"The person who wrote it was upset they couldn't get in at $0.06. "
That is called a settled trade. Not one person. Happens every day. Either green or red. Means nothing.