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Current pps .1144, up 3% from yesterday close. Up over 2% yesterday as well.
L2 shows no shares at ask of .02, .03, 04, 05, 06, 07, 08, or 09.
With normal daily fluctuations TRTC value is from .105 to .114.
There are no .02 TRTC shares available.
Normal weekly fluctuations are very good for investors who risk large capital to take 5% (+/-) gains when available. Not my investing style, but certainly valid when it pays off.
Others decide to accumulate under a specific pps and hold long term for a eventual larger potential return. Also valid.
PPS rising 2nd day in a row, so I expect to see flippers taking profits before close of business today.
Forecast: close between .107 and .117 . I can't call it any closer than that - too much happening right now.
Any other predictions for COB?
Now is the time to invest in TRTC!!
I have been following TRTC for almost two years now, and been there for the ups and downs. Bought at six cents a share, and sold way above that when I felt it would continue moving down.
To build the business out it was of course necessary for TRTC to borrow a lot of money, which means selling shares at less then normal rates. Due to the nature of their business it is not possible to go to bank to just borrow money.
What did they borrow money for? To build a massive greenhouse in New Jersey where they are growing some of the best salads, etc... Packaged under the Edible Gardens brand. This part of the business is now becoming quite profitable. Obviously build out costs a lot of money. Now this business is cash flow positive.
The same is happening in Nevada, and California.
In Nevada TRTC has procured multiple licenses to grow, process, and sell Medical Marijuana. Many said here that they would never even get a license. Now they have at least 8 licenses. Three of which are for dispensaries in Las Vegas. Clearly this costs money getting these businesses up and running.
TRTC has also launched a brand of Marijuana in California under the name IVXX (420). This is growing rapidly and will soon be available in over 100 dispensaries in California. I did not like this so much in the past due to California's law which made this be a non profit enterprise. Now that too has changed as the state of California just passed a new law which would make it a for profit enterprise. Just waiting for the signature from the Governor, which is expected soon. So with IVXX TRTC has also invested a lot of money on testing, machines, and inventory. This has started to generate a lot of revenue already. At least $500K this year, probably a lot more.
To many other revenue sources to post about here, most of which are in the start up phase.
Remaining negatives for me.
Treasurer is the wife of CEO.
Would like to see it be legal to move product from Nevada to California and vice versa. I do not think this is now legal. This would be big positive for TRTC.
Nevada is not allowing Greenhouse like structures to grow Marijuana, which means TRTC must spend more money to grow.
No presence in Colorado, or Washington???
I have made an investment once again, which I will hold for at least a few months, to hopefully many years.
I agree. The links provided yesterday prove (at least to me) that there is indeed a delay while TRTC regroups and resubmits updated plans.
The link that was provided yesterday was very good DD. I was unaware of the delay until the DD was provided.
Unfortunate for most investors to see a delay in doors open. Maybe when my funds free up in mid Nov I'll still be able to get shares inexpensively at today's open pps of .111 so I can catch the rapid increase sure to happen once NV is open. This delay may work in my favor (for my personal situation).
12 months from now few will remember the delay or exactly when the doors opened. Investors 12 months from now will only care about the revenue from the product being sold, and the corresponding increase in PPS. Sure hope I can accumulate a bunch more before then at bargain prices.
Value of TRTC at end of trading day is .111, a 2.97 percent increase over yesterday close of business.
L2 shows no shares at ask of .02, .03, 04, 05, 06, 07, 08, or 09.
With normal daily fluctuations TRTC value is from .10 to .111.
4 pm Eastern Time. Up 2% ,
.11 pps
Are we reading the same link?
Quote from link: "Inspection(s) are on hold for this Application, please see the 'Inspection Hold(s)' tab or contact appropriate department "
Clicked the on hold tab at link and here is the info presented:
"140 09/23/2015 NMIRKOVIC needs final special inspection report ***"
What I find is: On hold, pending final special inspection.
I infer from this the drainage line issue will be fixed (thus the building permit), then the final inspection, then the final inspection report.
Agreed!
I cannot begin to "match" the DD presented this morning! Not only that I can't match it, I have NO desire to match it!
2:40 pm. .1087 pps. My early morning prediction is right on track!
Both claims are clearly true. There is a building permit to fix the drainage line. Inspections of the facility on hold until the drainage line is complete, then inspection will proceed.
Fact is, the build out is clearly underway. Great News! Inspection to follow building permit that fixes the existing deficiency!
Here is valuable DD for you:
Permit # 299844
permit date
Sep 17, 2015
permit type
Commercial Contracting
contractor
Burke Construction Group Inc
Medical marijuana dispensary, ti 3939sf xprs 9/23 & 9
Permit Type Tenant Improvement ( Ti )
Status Pre-processed
Permit # 299844
Parcel #
https://www.buildzoom.com/property-info/1921-western-ave-las-vegas-nv
Can you check back with the owner of Burke and see why the disconnect? Is he on vacation and unaware of what his people and bidding in his absence perhaps?
Thanks!
Excellent find and great DD. Thanks for that positive link proving that actions are underway to proceed to build out.
Once doors open in NV we are in the money.
Anxiously awaiting this prime buying opportunity. 2:12 PM EST, time is short.
"No one is buying trtc." Such a truism! Looking forward to that aforementioned 12:30 to 3:30 selling fest this afternoon! Weekend is coming! More insider selling? Maybe Amy needs some cash as well?
I never forecast massive buying, or massive selling, or high volume for today. I did not forecast dilution today. My forecast can be reviewed in previous posts I made earlier today.
I just am wondering where the large drop in pps that was widely predicted this morning is?
I'm ready to buy more shares as soon as it occurs.
It is 1:30 pm eastern standard. time. PPS is 0.10875. No massive drop in pps that was widely predicted. I have funds waiting to invest to buy the massive drop.
Hopefully by close of business today I can get these massively reduced share prices.
Any links to show this TRTC doobie truck? I did a quick Goggle search and am unable to find it.
Which location does it serve? Is it in Ca, or in NV?
Thanks for any leads to track this down.
Quote: "When does the TRTC doobie truck make deliveries? Anyone know?"
Just to clarify your message, you think pps will lower today and investors can buy low, then it will increase later in the week and investors can flip for profit?
In other words, normal fluctuation that flippers can take advantage of?
If so, that is one way to invest and make money. Another method is to accumulate on lows, hold long, and sell after TRTC succeeds in NV.
Both are valid, especially if the predictions of a big drop today prove true. We will know by close of business.
I predict up or down .25% by COB. Any other predictions?
I have acknowledged many times that IVXX is currently non profit. That is already baked into the current pps. If IVXX ever becomes for profit, that will drive pps upwards.
So that must also mean no massive selloff (implied dilution)? How will the pps drop heavily today with low volume shares changing hands?
What time today will this massive drop in pps predicted in previous posts occur? Still .108 so far early in the trading day.
What is considered massive? .01 is less than 10 percent, is that massive? Or lower? What pps is predicted here?
Ah, so no new dilution as defined by every search I conducted. Only normal selling of existing shares, as occurs market wide every day.
Got it.
Any DD on those signs to share? The ones I have read so far today are unconvincing. I predict a close up or down .25% (normal daily fluctuation, with only small influence from the PR)
I also predict that TRTC will experience small daily fluctuations up and down until doors open in Clark County/Las Vegas. That will be a true catalyst that drives PPS upward.
I have only been investing for about a year on my own. I always had managed 401Ks in the past.
I thought I understood dilution to be new shares introduced into the market by the company?
A Google search says Stock dilution refers to the issuance of additional stock by a company, for any purpose.
Is TRTC introducing new shares today? Wouldn't they have submitted to the SEC first, and we would have seen it?
I see no signs of new shares issued (dilution) today.
I still don't understand what would cause a major drop in pps today? Will it be massive dilution today?
It just doesn't add up to me. A major plunge in pps has to have a root cause.
What catalyst would cause a major pps plunge today? The PR that was released? Low volume? High volume?
I predict end of day up .25% (tiny, but green)
.28%green close even with all the doom and gloom.
Excellent! Imagine after doors open in TRTC dispensaries in NV!
Such as reading the applicable previous posts today. Shouldn't take too long to find them.
A good portion of the opinions in the Jun 2014 opinion piece were already refuted several times today by myself and others.
I won't repeat them again as it gets too repetitive and may violate TOS on repetitive posts.
Easy to find though, just read today's posts.
If you are correct I will add 300 percent more shares. AWESOME!
Shall we return here in 60 days and see if TRTC is at 1 cent? LOL.
Balance is admitting to flaws, and acknowledging future potential based on current situation and actions currently underway.
TRTC does have flaws, and certainly had historical issues. It also has tremendous potential in the near term.
Many investors bought too early. It is no longer too early. Doors open are getting close.
Does that then infer that TRTC pps will be .05, or .075 12 months from today?
I am forecasting no less than .50 one year from today based on doors open in NV.
The past does indeed have lessons to be learnt, which in this case is clearly don't invest "too early" in companies in new market segments.
It is no longer "too early" with TRTC. Perfect timing is from now to doors open.
There has never better a better time to buy TRTC stock than immediately before doors open in Las Vegas/Clark County/NV. You "might" get a bit lower buy in by waiting one - two more months. MAYBE.
Some call it a report. Others call it an opinion piece.
The fallacies in the June of 2014 opinion piece have already been exposed. It is not "accurate" when the claims have now been overcome by the reality of current events.
The June of 2014 opinion piece did indeed expose concerns that had "some" validity (in June 2014). Today is a totally different situation for the company TRTC.
Eight approvals to operate in Las Vegas/Clark County/Nevada. When doors open at those facilities it is common sense product will be grown/sold.
Product sold/grown will increase company revenue and increase investor confidence. That will lead to increased PPS. You can't shove the "genie" (EIGHT LICENCES) back into the bottle dated June of 2014.
My opinion: The main thing is to enter into TRTC before doors open in NV. Watch the posts on the board closely, sign up for TRTC PRs, and be absolutely sure you get in before doors open.
My personal opinion is current pps is "good enough" to enter now. But if you want absolute rock bottom you might watch a little while, just don't miss getting in before buildout on first dispensary is complete and they open.
Here is my opinion on the combination of events that "might" TEMPORARILY drop the pps to .09 and maybe even .08:
-- Delays in door open in Clark County/Las Vega, and insider Amy (CEO DP's wife) selling more shares. Amy uses her shares as a piggy bank, dipping in when she needs cash. Holidays around the corner, so she might dip in again. When she does it shakes confidence and ensures cries of "I told you so". Those two things might get you a bit better buy in. But if you miss doors open you will pay more. Perhaps MUCH more. Dilution - maybe, but it seems it is already acknowledged there may be dilution for buildout, so it is already baked into the current pps (IMO)
Watch out for claims of super low PPS. If you chase such a ridiculously low pps you may miss the boat when doors open and product flows which = revenue = higher pps.
For day traders and flippers 6 to 12 months is an eternity.
To long investors buying under .11 and looking for a 10 bagger or better 6 to 12 months is short term investing.
All kinds of investing can be valid, and the point of view changes with the method the investor uses.
Agreed. IVXX is currently non profit, with some proceeds being used for rapid expansion. It may or may not become for profit in CA within 6 months.
TRTC has Edible Garden improving cost controls and expanding, and TRTC also has eight medical mj licenses approved by the state of Nevada and the Clark County Commission. Those are current up to date huge positives.
- NV medical mj sales starting "soon". Soon might be 1 to 6 months
- CA "probably" will eventually go recreational and for profit on medical
- NV will "probably" eventually go recreational
- Produce side getting costs under control and expanding markets
- Any other states that TRTC can break into as time goes by
I do also think Obama will change drug schedule before he leaves office, and if he does next POTUS will not change it back. I detailed in another post yesterday or day before why I believe that to be true.
Big money for TRTC *if* it all works out, which means higher pps, likely uplist to a big board (12 months out estimate), then the sky is the limit.
The downside is limited - "Maybe" go as low as .08 before buildout is complete and doors open & revenue hits stride.
TRTC has been a horrible investment for the past 12 months. That doesn't mean it will stay a horrible investment with opportunity to buy under .11 and the tremendous "likely" upside around the corner.
Checked L2:
No shares at .02 ask.
No shares at .03, 04, 05, 06, 07, 08, 09 ask.
Current Value .109
The information within the report is clearly not as relevant as when it was written.
The opinion piece stated TRTC would not receive any licence. TRTC now has EIGHT licences from not only the state of NV, but also from Clark County Commissioners.
Consume information with a $10 bag of salt.
The opinion piece linked was written in Jun of 2014.
This is a very volatile fast moving sector, and things were different across the entire sector back then. The opinion piece cited has been widely discredited by many investors (and by Clark County Commissioners and the state of NV).
Here are just a few examples of the issues with this old outdated opinion piece:
It is unlikely that TRTC will receive any license from Clark County
Note: 8 approved licences prove this point completely wrong.
Derek Peterson and his wife (Amy Almsteier, Treasurer) have been charged with accepting illegally issued securities and selling these shares.
Note: still in business, no indictments, and SEC has no active case
TRTC was built to be a promotion.
Note: 8 licences, IVXX, edible garden are all much more than only a promotion.
And as a side note, the author of this linked out of date opinion piece is "possibly/likely" the same person/entity accused of tort interference by contacting Clark County Commissioners with false accusations. So false that Clark County reconsidered, and approved the 2 locations that the author/authors had possibly wrongfully influenced a commissioner to reject.
In other words, old, out of date, most main points proven wrong by time, and main points clearly rejected by governmental agencies (Clark County Commission, State of NV) since they have approved TRTC for EIGHT licences to operate.
I agree with you. The financials do seriously suck, for now. That's why shares are available for .108 pps.
Will they suck in 6 months when NV mj dispensaries are open moving product?
In 12 months with 6 dispensaries and 2 grows moving product, and on the verge of recreational sales in CA and NV?
Buy low, sell high. In the meantime flipping will probably work until doors open in NV. Won't work after that occurs.
Could well be. I intentionally low balled it to keep a more even keel on the board. Anything over a 10 bagger is a win.
The upside potential, if everything goes well, is simply astounding.
Now is the best time to buy in or increase holdings (good buy at anything under .12). When doors open in NV pps will start to accelerate upward very quickly.
Downside in the short term is as low as .08 until doors open. A **possible** temporary loss of .02 worst case before it recovers then grows.
And we might as well say it now before it happens: I expect Amy, DPs wife, to sell more share between now and January for holiday cash. There will be wailing and gnashing of teeth, and "I told you so" will be widespread. I will not be too pleased, but knowing it is coming I have already taken that catalyst downward (temporarily) into account.
Upside - tremendous. Downside - possible temporary drop of .02. I hope pps stays low until mid November when I free up some good cash flow to add more.
What timelines do you predict those PPS for?
I'd like to buy more inexpensive shares in the limited time we have left before doors open in NV and product sales drive revenue, which drives superb quarterly reports, which drives fast accelerating pps.
Here is my lowball forecast:
.25 after first quarterly report after doors open at first dispensary.
.35 after first quarterly report after open at 3 dispensaries.
.55 1 month after doors open at 6 dispensaries.
$1.00 after 2 quarters of revenue after 6 dispensaries open and grow ups running in NV
And further out (1-3 years)
$5 to $10 pps one year after the following occur
**IF** NV goes recreational, we have 6 dispensaries and 2 grows open, IVXX is for profit in CA, CA goes recreational, Obama lowers mj on drug schedule before he leaves office, and TRTC is on a big board not the OTC.
Penny scams do not have zero toxic debt.