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"The cost of ramping up operations will show as operating expense, not as consulting, imo."
I meant to say as selling and administrative expense...
That $2.4M was not spent on ramping up new initiatives, they were spent on "consulting". Consulting mean money being spend to learn about how to ramp up operations. The cost of ramping up operations will show as operating expense, not as consulting, imo.
If you had that king of dough, I imagine you would be doing something far more fun than hanging on this board
If MCIG spent almost $2.5M in the past 9 months up to Jan 1st 2015 in consulting fees for the development of a burner e-cig and 2 vapes, imagine how much they would need to spend for the 35 or so other avenues they are trying to get into. I am expecting decent sales numbers, but horrifying expenses.
I bet OPEX WILL in fact be out of control, and I am willing to predict that a main cause will be an exorbitant expense for consulting and such.
12's coming, then 11's, then 10's. No way around it. Every action creates a reaction, simple law of nature. 75 Million shares dilution equals 50 % drop in currents pps, imo.
No way that sales will be less than $300,000! If that happens, you will be looking at sub penny in very short order! With MCIG calling for 7-10 Million conservatively for the year, I shall expect, at the very least, more than $1M this quarter. Anything short of that will make Paul look like a clown!
LOL, you got spirit, I give you that!
Good luck to you.
With a $30M market cap and more dilution on the way, I think you did the right thing! Sold all my shares in this toxic company between .3305-.335 6 months ago. I could buy almost 3 times as many shares today for the same $ amount, which I am of course not going to do.
Sorry, you're right...That's what Custer said to his soldiers before they got skewered! That's not team work, that's an offer to go to slaughter together! No thanks...
You want folks to buy above the ask during a major downtrend and before massive dilution??? Who are you kidding? Why don't you ask folks to send you a check too!!
.13 printing and you're jumping of joy? Hahaha, TRTC pps dropped from a relatively stable .17-.18 range to the .13's and you present today's activity as "strength"?? ludicrous!
Shorting the shares he owns??
No, not in revenues, in LOSSES!!
Post #119806 on 4/24/15
"TRTC has accumulated a deficit of $36,726,529 at December 31, 2014, and is struggling under a mountain of debt. Dilution and toxic loans seems to be infinite. Almost $22,000,000 in losses in 2014 and some folks on this board are happy with these results?
It will be a cold day in hell before this company makes any money! Generating sales by creating mega losses is child's play, anyone can do it. Lots of folks are losing serious money in this stock, imo.
Attach your seat belts folks, this is about to get very ugly, and deserving so!!"
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YOU WERE WARNED!!! TRTC pps will continue to drop for months to come, imo. As i warned you twice before, "attach your seatbelts folks, this is about to get very ugly, and deservingly so!!"
You two sound like an old couple! That was funny les.
The lack of volume spells trouble for MCIG. I can already see .05's hitting at any moment.
I understand what you are saying, but I strongly disagree. It is that kind of thinking that took the pps down well over 92% since its highs. The game is for you and me to make money!
Lets see and hope that I am wrong because I think you are not going to like what the pps will do if they do not show a very large sales increase and some profits on the next quarterly.
I am not interested in how many "Millions" the company sells, I am interested in how much profit they make! Why is this so hard for folks to understand this simple concept? Losses do not pay the bills, profits do, and I do not expect any profits for quite some time. So yes, maybe we will see a 7-10 Millions sales performance for the year (which I seriously doubt will happen, but it is ok to dream right?), but let's also see how many Millions in losses it comes with.
Maybe you should read the next quarterly and look at the net income. I expect to see a monstrous loss along with the sales increase. Anyone can run sales into the millions! That is child's play. Think about it: it is easy to sell products at a loss. This is no joke, just look back at Paul's statement in that regard. I cannot recall his exact words, but I believe that he clearly warned shareholders that the next quarters will show enormous losses.
I do not have the time today to look for it, but if you look back, you will find that PR.
If, and that's a big "if", Derek already has a license to grow and cultivate, the PR SHOULD HAVE SAID SO!. Again, an ambiguous PR that lets people do all the guess work. Does he have a license or does he not? The "license" part is the most important part of the grow and cultivation business and yet, not a word about it! I take that as an insult to our collective intelligence. I will continue to wait before throwing my hard earned money into this pit of BS.
I have very little respect (if any) for your posts, but I have to say that this time around YOU ARE CORRECT. Anyone who thinks that one can open an extraction and grow facility in Colorado without a license is a dreamer. And yes, the number of licenses is most likely limited and the competition will be fierce. Again, I am looking for a GOOD REASON to get back in, but I have grown tired of all the fluff PR's. 1.7M shares traded in 45 minutes and now in the red again!.
Excellent response! Cracked me up too!
6's printing now...
With MCIG, one has to read between the lines. Sales may have improved, but I also expect to see MAJOR losses with the upcoming quarter and beyond. I believe that we were warned by Paul in a previous PR. There are companies that are rich in sales (ecig, vpor)but unable to turn a profit and their ridiculous stock price reflect that (sub-penny). PROFITS is what investors are looking for and I do not see MCIG showing any kind of profits for a long, long time, imo.
I agree with you MD. I sold a few weeks ago because I got tired of unfulfilled promises. Since then the pps dropped by half. I am now on the sidelines and I will need a whole lot more than a "fluff" PR to get back in. We have gone through this so many times (great PR, pps goes up for a day or two, and then drops 40%)and no actual sales results to back it up). So many folks have been screwed by this company that it will take a lot more than this PR for us to get back in. Folks got burned too many times imo.
I explained my reasons for selling in posts #58414 and 58417. Read them. I also do not see how selling for a very small loss versus a very large one makes me a hypocrite. Last year, you liked MCIG and you were long, and then, you changed your tone and went short. Who is the hypocrite?
I see nothing wrong changing sides if there are good reasons to do so, particularly if the end result avoided me a very large additional loss. Would it make you feel better if I kept my shares and suffer longer than I did? I think you need to recharge your 2.0 with good bud...
Come to think about it, the stock price was at 0.14 3 months ago and 0.057 now. Any relation?
Nope, nada, ziltch. Told her to check her credit card statement online to make sure that the payment went through and to contact them again. I placed at least 7 or 8 orders with MCIG and had a problem only once (which they took care of very well). My last order was 3 months ago or so. Maybe things have changed and not for the better I am afraid...
Heck, they don't even respond to customers anymore. My sister placed an order online, processed her credit card, and then...an "error" flashed on the screen. She sent them a message yesterday and still no answers. I wonder if they are taking the money and keeping the merchandise, that could make the company profitable, lol.
I think that the vaping trend is in for good. I eliminated the pipe for health reasons. Pipes are in my opinion, the worst way to consume cannabis. I can see water pipes staying relevant, but not pipes. Let's face it, Snody is not making pipes to increase revenues, he is making them for looks. Cool collector item though...
As an ex-pipe user I must say that these do look awesome, but even if they worked as well as they look, who will pay $149 for them? I do not know anyone today who is still using a pipe. In the era of e-cig and vaping, pipes are becoming a product that less and less peaple are buying, imo. At this price point, I do not see MCIG selling enough of them to move the needle. Like everything this company is doing, they are pretty and shiny but they won't grow revenues!.
There is a poet in you, lol!
I do not doubt that hydroponic produce could be profitable, I do doubt that TRTC can turn a profit any time soon. So far the saying has been true: the more produce they sell, the bigger the losses.
Cash flow positive this quarter? I think that you might be over-reaching a bit here. The more produce they sell, the larger the losses. The cost benefit from limited deliveries will be more than eliminated by the discounted pricing they gave them, imo.
The dreamers are back in force this morning! What many of you do not understand, is that the additional Walmart stores will only add mega losses to the bottom line. TRTC will never be profitable selling produce. Stock price will not move up if new sales create additional losses. Remember folks, Walmart more than likely demanded enormous discounts to carry the line, which will result in exponential losses for TRTC. This is NOT good news.
The poster who said the following must be eating his words:
"WE ARE GOING TO DOLLARLAND AND BEYOND AND THERE REALLY ISN'T ANYTHING ANYBODY CAN DO ABOUT IT".
Yes there is, the market will skewer posters like this every time. The market reflects the inability of this company to make any money and make posters like this look really stupid.
This is going much, much lower...imo.
TRTC has accumulated a deficit of $36,726,529 at December 31, 2014, and is struggling under a mountain of debt. Dilution and toxic loans seems to be infinite. Almost $22,000,000 in losses in 2014 and some folks on this board are happy with these results?
It will be a cold day in hell before this company makes any money! Generating sales by creating mega losses is child's play, anyone can do it. Lots of folks are losing serious money in this stock, imo.
Attach your seat belts folks, this is about to get very ugly, and deserving so!!
See post #58425
Oh, you got a bat there too? I bet that if we counted how many bats there are on this board we could gather a baseball team!
Yes, I lost money, not as much as some but more than others. And yes, I feel that bat up that deep dark place that Les mentioned a few days ago. Some enjoy that feeling but I sure as heck don't. Therefore, there is only one thing to do today: light up and celebrate, it's 4/20 after all!