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Couldn't have said it better myself Back to $.0013 soon where I can buy my 3.5 million shares and flip them within a day, sometimes hours for the umpteenth time.
Another ugly fact, as if the total disregard for all the retail stockholders wasn't enough. State Attorney and Washoe County DA pushing hard against Nevada rec proposition and Casino magnate Sheldon Adelson is throwing gas on the fire,
http://mynews4.com/news/local/ag-laxalt-law-enforcement-announce-opposition-to-recreational-marijuana
Nevada Attorney General, Washoe County D.A. speaking out against against Nevada rec measure and potentially Casino magnate Sheldon Adelson financing anti - rec push.
http://mynews4.com/news/local/ag-laxalt-law-enforcement-announce-opposition-to-recreational-marijuana
opponents pushing hard against Nevada rec vote,
http://mjbizdaily.com/opposition-to-nevada-rec-now-includes-ag-law-enforcement/
They've averaged a 34% per annum return net off fees since inception of the fund. Of course the old "past performance is no indication......" disclaimer applies but they're aggressive, lean, and smart enough (if you believe in BLSP) to own 29% of the outstanding float of this company.
Press Release with forward looking statement disclaimer, worthless!
You're entitled to believe what you like. There are some minor flaws in the post but the gist of it is right on. If you're not a convertible note holder OR a preferred share holder you're upside is severely limited. I have rarely seen a worse financial statement than the one recently released as part of the 10-Q. As for "up listing," pie in the sky. It will never happen. The reasons are so numerous it would take me all morning to explain. For starters, MJ is illegal under federal law. We can't even find a decent bank to accept MMJ/MJ business deposits, what makes you think NASDAQ will tread where even the lowliest of banks won't. Most importantly, NASDAQ has listing requirements that TRTC isn't remotely close to meeting, including but not limited to pre-tax earnings, i.e, 5315(e), 5315(F)(3)(A), market cap, with revenue i.e, 5315(e), 5315(F)(3)(C), Income from continuing operations before income taxes (in latest fiscal year or in two of last three fiscal years), i.e, 5405(a), and
5405(b)(2), Net Income from Continuing Operations (in the latest fiscal year or in two of the last three fiscal years) 5505(a), 5505(b)(2),and because there are preferred shares, warrants AND convertible debt with imbedded derivatives they must comply with SEC rule 5410, 5415,5225,5455, 5460, 5510, 5515,5225,5555,5560, 5711 and entry fee rules 5910(a), 5930(a), 5940(a) NONE of which TRTC is remotely close to qualification, not to mention initial fees and annual fee rules 5910(c) or IM-5910-1,5920(c) or
IM-5920-1.
Anyone who believes this company will up list to NASDAQ or any other SEC policed stock exchange is deluded.
On traffic for profitability? Do you know how to read a financial statement? They're selling approximately $225,000.00 worth of product per quarter with the cost of that product being 47% the price of one unit. That gives them a 53% margin +/-. They have a loss through June 30, 2016 of $1,479,326.00 so there is NO WAY "they are on track for profitability in 2016." They would have to sell $3,00,000.00 of product in the next 4 months to even come close. Additionally they're carrying $271,370.00 in asset backed loans, $1,009,000.00 in accounts payable and most importantly they're carrying an additional $210,795.00 in convertible notes on their balance sheet through June 30.
Those notes with their preferential imbedded conversion feature of 50% of VWAP mean there will be an additional 6,025,000 MORE shares issued soon at $.035 or lower. It's all right here: http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11544912-947-213695&type=sect&TabIndex=2&dcn=0001213900-16-015883&nav=1&src=Yahoo on the June 30 10-Q try reading it.
Yep, dead stock walking
russianredneck, you covered it all, couldn't have said it better myself. I've been day trading it for fun with 5 grand and I bought 50,000 at $.0725 today, tried to sell at $.0760 and moved 1000 of my 50,000 so now I'll dump them next week and lose the $200.00 I made on Monday on this thing before I did any real diligence. It's a stinky pinky for sure.
Some people ACTUALLY care about the naive retail investor getting taken in by underedgulated markets like the various levels of the OTC. I personally have made a fortune buying 1/4 and 1/2 million dollar blocks of restricted convertibles with imbedded preferential conversion features. But my conscience got the better of me. I get solicited regularly by pinkie CEO's like Yazbeck who prey on uneducated retail investors. They have NO proprietary technology, NO serious revenues, just the allure of investing in a "pot stock" When they call on me now to invest unless they have a serious business plan which my money will help initiate and bring to fruition then I've got money to invest, literally millions. But not at the price of "hustling" naive retail investors. As far as I'm concerned what 90% or more of what these pinky CEO's do is no different than stealing. I don't want nor need the money that bad. I like to invest hoping that WE ALL can make some money together. If not, Whois there to share it with? For those that prey on the naive it becomes a lonely world. I can only speak for myself but does that answer your question?
A whale? As this ticker does a big $5-12,000.00 a day in transactions. More like a minnow.
NO - RED! AGAIN! Dropping to $.13 again today
You REALLY STILL believe $.10 is the bottom (as we sit at $.08)? I tried to warn you what those notes will do, and as if not more importantly he allowed the conversion in time to flood the market with shares prior to the public disclosure of conversion on the 10-Q, shady pinky CEO practice. Expect more of the same.
Dude, RSI and other "technical indicators" are irrelevant when dealing with OTC stocks. The OTC is NOT a stock exchange and is therefore reliant on "market makers" to literally make "make a market" - the market maker IS your friend whether you want to believe it or not. The owners of these pinkies with their "convertible debt" reliant on Exchange Act Rule 13a-14(a) or 15d-14(a) ARE NOT. I've been the debt holder on a number of these issues and when it was my turn to convert at a discount, I did, as will ALL of these note holders. Any company owner, CEO, or President that allows debt with imbedded preferential conversion features such as large OID's and large percentage of VWAP conversions IS NOT your friend, he's his friend and the note holders. Rogerrrrrr thought otherwise when I tried to explain it to him here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124104506
And here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124148959
And then earlier today predicted it wouldn't fall below $.10 - well it already has and as they continue to convert and sell it WILL go lower. It's the law of supply and demand as simple as that.
Lots more shares, lower price.
OOOPS, missed ANOTHER ONE, the Phoenix Fund. and this ones the worst. No money banged hands between Phoenix and MYDX yet they were issued convertible debt in the amount of $250,000.00 "to render certain investor relations and financial communications services to the Company. IRP agreed to perform investor relations, public relations, stock surveillance and other ancillary services as requested by the Company.
This "Investor Relations deal" was also issued with imbedded preferential conversion features of 50% of VWAP.
On June 13, 2016, Phoenix Fund elected to have the Company issue 1,041,348 free trading shares of the Company’s common stock in exchange for retirement of $72,895 of the initial Claim. As a result, the Company recorded a loss on debt settlement of $73,935 reflecting the difference in the discounted conversion price and the market price.
So there's another million plus shares added to the float at 50% of recent public pricing with $180,000.00 +/- yet to be converted. Basically they were "given" $500,000.00 worth of shares for "Investor Relations" work.
Hmmmmmnnnn......
I've been on the OTHER side of this, i.e, the "debt holder" and the company ALWAYS needs financing. Once the faucet starts its hard to turn it off. He already tricked you by saying he agreed to repay the Adar Bays note (and others) with an 8-k announcing a pre-payment AT 90% interest, but alas that never happened and as this 10-Q announced "the Company and (fill in the blank) _________ agreed to terminate the standstill portion of the ____________ Amendment pertaining to the standstill conversion rights and __________ shall be free to convert the Note without any limitations, except as required by law. All other terms and conditions of the Note and the Union Capital Amendment shall remain in full force and effect.
I understand you believe conversion is not "good for him as he holds 43% of the outstanding stock and doesn't want to see his position diluted" yet it already has and he's lined up more.
If YOU want to trust him go ahead, as evidenced from past history I wouldn't trust him as far as I could throw him.
GLTU - BKK
This WILL go well below $.10 Maybe not today, but aside from the Adar Bays note they took substantially more financing with deeply discounted OID's and imbedded preferential price as a percentage of VWAP from,
1. Crown Bridge partners - 14% OID AND conversion at 50% of VWAP
2. Auctus Fund - 11.5% OID AND conversion at 50% of VWAP.
3. The balance of the Adar Bays note - 40% of VWAP
4. Union Capital Note - 10% OID and a preferential beneficial conversion feature of which percentage of VWAP IS imbedded but won't be announced until conversion.
5. Kodak Capital - 20% OID AND a preferential imbedded conversion feature of 50% of VWAP AND the kicker, "The Company may, in its discretion, sell up to $1,000,000 of shares of Company common stock to Kodiak. The sale of shares of Company common stock is subject to the conditions set forth in the EPA, which include, but are not limited to, the Company filing a Registration Statement on Form S-1 to register the shares to be sold to Kodiak and the Registration Statement becoming effective. The purchase price to be paid for the shares will be 70% of the market price for such shares as determined pursuant to the terms set forth in the EPA. The RRA provides that the Company will file a Registration Statement to register up to 4,000,000 shares to be sold to Kodiak.
That's 4 million MORE shares coming at preferential prices.
And THAT my friend, as I attempted to explain to you here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124104506
is the trouble with Toxic death spiral financing. With preferable OID's AND deeply discounted imbedded preferential conversion rates it's like taking candy from a baby. What, you thought you're hero Yerzback was going to pay every note holder 90% interest?
Restricted convertibles DO NOT come with a non disclosure, confidentiality clause, I've bought millions of $$'s "on restriction"
Don't know why that link didn't work, here it is,
https://www.sec.gov/Archives/edgar/data/1232118/000114036116074867/xslF345X03/doc1.xml
Is THIS more to YOUR liking? OK, it's not Weiner, but as predicted MASSIVE discount. It's Lazarus, $.0735 per share, 80% less than you or I can buy for. I'm done doing ALL you're research and work for you guys, learn the OTC like a pro or be eaten like sheeps to the slaughter by the wolves.
https://www.sec.gov/Archives/edgar/data/1232118/000114036116074867/xslF345X03/doc1.xml
And how about this from the 8-k? ITEM 8.01 Other Events
The Company recently completed a $3,000,000oo private placement of its common stock.
1.At what price?
2.To whom?
3. With what OID?
4. With what preferential imbedded features?
5. What's the percentage of VWAP?
Want to bet the answers are:
1. A preferential price, probably 25% of VWAP.
2. Weiner OR Weiner, Sterling et al.
3. A minimum 10% OID, probably more.
4. Guaranteed it's waaaaay lower than $.36 or if the price happens to rise by conversion time, a highly preferential imbedded conversion feature.
5. Answered above,
I tried to warn you about these guys, invest at your own risk.
THIS POST IS INTENDED SOLELY FOR INFORMATION PURPOSES AND NOT TO BE CONSTRUED, UNDER ANY CIRCUMSTANCES, BY IMPLICATION OR OTHERWISE, AS AN OFFER TO SELL OR A SOLICITATION TO BUY OR SELL OR TRADE IN ANY COMMODITIES, SECURITIES, OR CURRENCIES HEREIN NAMED
The lawsuit THREAT was implied in order to reciev a cease and desist order. Since VAPE HAS ceased production of Revival AND fired Braun that lawsuit is no longer neccesary. There are two other filed and ongoing lawsuits that are VERY REAL.
Here they are:
LG Capital Funding, LLC v. VAPE Holdings, Inc.
New York Eastern District Court, Case No. 1:16-cv-02217
Union Capital LLC v. Vape Holdings Inc. et al
New York Southern District Court, Case No. 1:16-cv-01343
They want to keep the share price above $.36 How's that working out? Today they've sold a "huge" $600.00 +/- worth UNDER that $.36
I wrote you exactly what I'm talking about in a PM.
Hey, VAPE IS RED dude, just likes it's been at close on 99.95% of the days it's been on the OTC.
The ONE dispensary on the strip is DEAD http://www.ibtimes.com/medical-marijuana-has-arrived-las-vegas-will-all-rules-harsh-sin-citys-buzz-2237331
Don't confuse what you want with what IS Nevada's current MJ laws - http://www.shouselaw.com/nevada/marijuana-possession.html
In case YOU missed it W-Net fund is "in the house" They're (forward looking statement drum roll please) financing the purchase of the yet to be planted, forget harvested TECO Facility. Per the 10-K - "Subsequently, an affiliate of Pacific Leaf, W-Net, Inc., entered into an agreement to purchase the building housing our cultivation facility at 3550 West Teco Ave., Clark County, Nevada for a purchase price of $3.9 million. In conjunction with the purchase agreement, the Company agreed to vacate the premises if the purchase did not close pursuant to the purchase agreement. W-Net has informed the Company that it is confident that the purchase will close pursuant to the agreement. Failure of W-Net or its assignees to close the purchase of the facility will have a material adverse effect on the Company's ability to generate revenues from conventional cannabis cultivation.
Pacific Leaf and W-Net ARE David Weiner and with him comes the following,
1. All the players who first brought you PHO* then VAP* including Sterling Scott, Jordan Scott, Joe Andrae, Kyle Tracy, Lucas Hildebrand, Ben Beaulieu and the rest of the "Usual Suspects" including Keyser Soze.
2. The 2.1 million in toxic death spiral financing that sleepcsape was so kind to point out with large OID's (Original Issue Discount) financing as well as imbedded derivative Discounts of VWAP assures the market will be flooded between 10-K's with unregistered shares at preferential prices. Stated in the 10-K right next to the disclosure Greenleaf/W-Net's note There can be no assurance that:
· the Company will be able to comply with the covenants under the Pacific Leaf Note Purchase Agreement so as to enable the Company to receive all of the anticipated funding thereunder;
· there will not be cost over-runs in connection with the purchase and/or lease of the cultivation facility and related equipment resulting in the proceeds of the Loan being insufficient to enable GBSN to complete the installation and commence production of cannabis for medical purposes;
· a state business license to operate the medical cannabis facility will be issued, or that the Company or GBSN will not violate existing or newly imposed state, county and city regulations in Nevada that would significant restrict or prohibit its proposed business activities; or
· the proposed business to be conducted by GBSN with the proceeds of the Loan will prove profitable to the Company or its subsidiaries.
A default by the Company under the Note Purchase Agreement could have a material adverse effect on the business.
Although the proposed and actual business activities of GBSN are not illegal within the State of Nevada, the production and sale of cannabis products violate federal laws as presently constituted.
3. None of Weiner's other MMJ/MJ financed projects ever actually sold anything BUT shares.
4. The death of the GB Sciences division as stated in the 10-K - In March 2016 the Company implemented a furlough of all science-related officers and employees. Additionally, even if they hadn't there is NO such thing as an Accelerated Development Program skipping phase I through III Clinical studies and trials. GBLX states it themselves in the 10-K "It should be emphasized that we face significant hurdles in obtaining FDA approval and certification for our therapies. Not only is the FDA certification process for any proposed pharmaceutical both extremely expensive and time consuming, but the current policy and regulations of the Federal government and some of its agencies are that cannabis has no medical benefit. GBLX Sciences in no Gilead. Gilead had over 639 BILLION dollars in sales per their last 10-K, GBLX is "pre-revenue" another term for ZERO.
5. Again, per the 10-K GBLX states to continue being an ongoing concern "We must establish a cannabis cultivation facility in Nevada by August 2016" Unless I've read my calendar wrong today IS August 7th, 2016 with neither a completed facility, a single clone planted making the chances of an October Harvest nil.
5.Again, as per the 10-K not only has Weiner/Greenleaf/W-Net advanced 2.1 million but they have also "entered into an agreement to purchase the building housing our cultivation facility at 3550 West Teco Ave., Clark County, Nevada for a purchase price of $3.9 million. In conjunction with the purchase agreement, the Company agreed to vacate the premises if the purchase did not close pursuant to the purchase agreement. W-Net has informed the Company that it is confident that the purchase will close pursuant to the agreement. Failure of W-Net or its assignees to close the purchase of the facility will have a material adverse effect on the Company's ability to generate revenues from conventional cannabis cultivation."
If they haven't even closed on the building how do we as shareholders ever believe in an August planting and an October harvest. All they've done is increased the debt from 2.1 million to 6 million whilst continuing to be "pre-revenue"
Has anyone EVER seen an actual Growblox's™ AeroVAPOR™ misting system?
Of course not because again that pesky 10-K stated "The Growblox Suite currently exists in prototype. A full production model of the GrowBLOX is scheduled for testing before August 2016.
It is this investors opinion that GBLX will never sell anything BUT shares, just like the previous Weiner vehicles. If you're too lazy to read every word of every public filing than at least read the bold faced highlighted sections, GBLX's most recent 10-K's state,
We have a limited operating history, which may make it difficult for investors to predict future performance based on current operations.
We will need additional capital to sustain our operations and will need to seek further financing, which we may not be able to obtain on acceptable terms or at all. If we fail to raise additional capital, as needed, our ability to implement our business plan could be compromised.
And W-Net's and David's cohorts favorite,
We will need additional capital to sustain our operations and will need to seek further financing, which we may not be able to obtain on acceptable terms or at all. If we fail to raise additional capital, as needed, our ability to implement our business plan could be compromised.
We have limited capital resources and operations. To date, our operations have been funded entirely from the proceeds of debt and equity financings. We expect to require substantial additional capital in the near future to implement our strategies, develop our intellectual property base, and establish our targeted levels of commercial production. There is no assurance that it will be able to raise the amount of capital needed for future growth plans.
Even if financing is available, it may not be on terms that are acceptable. If unable to raise the necessary capital at the times required, the Company may have to materially change the business plan, including delaying implementation of aspects of the business plan or curtailing or abandoning the business plan. Even if we obtain financing for our near-term operations, we expect that we will require additional capital thereafter, especially if we are to develop our Science division and start to conduct, individually or with joint venture partners, pre-clinical and clinical trials for potential pharmaceutical, nutraceutical or cosmeceutical products derived from cannabis. Our capital needs will depend on numerous factors including: (i) our profitability; (ii) the release of competitive products by our competition; (iii) the level of our investment requirements for research and development; and (iv) the amount of our capital expenditures, including acquisitions. We cannot assure you that we will be able to obtain capital in the future to meet our needs.
If we raise additional funds through the issuance of equity or convertible debt securities, the percentage ownership held by our existing stockholders will be reduced and our stockholders may experience significant dilution. In addition, new securities may contain rights, preferences or privileges that are senior to those of our common stock. If we raise additional capital by incurring debt, this will result in increased interest expense. If we raise additional funds through the issuance of securities, market fluctuations in the price of our shares of common stock could limit our ability to obtain equity financing.
We cannot give you any assurance that any additional financing will be available to us, or if available, will be on terms favorable to us. If we are unable to raise capital when needed, our business, financial condition, and results of operations would be materially adversely affected, and we could be forced to reduce or discontinue our operations.
THIS POST IS INTENDED SOLELY FOR INFORMATION PURPOSES AND NOT TO BE CONSTRUED, UNDER ANY CIRCUMSTANCES, BY IMPLICATION OR OTHERWISE, AS AN OFFER TO SELL OR A SOLICITATION TO BUY OR SELL OR TRADE IN ANY COMMODITIES, SECURITIES, OR CURRENCIES HEREIN NAMED
Maabe1 You and I both know it's falling to .0006 and thereafter lower. For those of you who don't comprehend why I explained it all here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124106604
The amount of information that is unknown to the general public about the PHO* crew staggers the mind. Just one example is their next P$D scam already in the works as none of them including the new "CEO" have ANY stake left in VAPE. They've all long since cashed out and have moved on to the next venture.The fact that they've stopped reporting and dropped from OTCQB to Pink Sheet status should tell you that. Inquiring minds might want to know but surely won't be informed taking a surly, negative attitude with Maabe or anyone else whose been stung by the team that first brought you PHO* then VAPE and next? Well try being thankful for information that will save and make you money and "someone" just might fill you in on "what else is there to bring to the table".
You missed the news.The only news you need is to actually readthe SEC Filings. Two more toxic convertible notes closed in the last 3 days, one with a conversion price of $.00205 - If that note holder converted today he'd make a 536% profit. You can't win at a fixed game unless you're in with the fixer(s).
The beginning of the end Today only $2,800.00 of stock changed hands. Fear not, KT's already begun his next OTC Scam - hint, the same players are involved but now they've moved from Cali to Oregon and the newest will come out of Vegas.
When did you buy that allows you to be up over 100%?
cameron8 How's that 'won't see .0015's "strategy" working out for you? The bottom is now $.0006, that's where the $400,000.00 note holder is buying. Ignore the PR's, if it's such a great stock headed on an upwards trajectory, why doesn't Ben Beaulieu own ANY shares of the company he's been hand picked to run? For that matter who is this new C.E.O? Why can't you find a word about his business background anywhere? He literally has NO public prescence. Hmmmmmmmmm.......
A "few" extra bucks? He paid $320,000.00 back to the lenders six months after borrowing $210,000.00 If you call that a "few extra bucks" I'll happily lend him another $210,000.00 at the same deal today.
Rigorous, here's their entire line available to buy one piece at a time for less than a dollar per piece, what products?
https://www.alibaba.com/product-detail/heater-nail-popular-ceramic-wax-dab_60205296821.html?spm=a2700.7724857.0.0.2uow09