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TRTC will not remain on the OTC. If you followed the company seriously, you would know that by now.
I appreciate your gut instincts as a driver for your decisions. I do that, too, at times. My gut instincts are very, very accurate. They tell me to stay long in this stock, buy low and do not sell until I reach my investment targets, as in serious investment. There is nothing your negative view of penny stocks in general can do to stop my strategy.
I am riding this gem to the NASDAQ, and I look forward to buying EG products in a store near me someday soon :)
Q2 financials will be available next month.
Below is an excerpt from the most recent press release regarding Q1 performance, and Q2 projections and activities.
Total revenues generated from the sales of the Company's products for the quarter ended March 31, 2014 totaled $560,319, an increase of $494,198 from the quarter ended March 31, 2013, which totaled $66,121. The net result for the quarter ended March 31, 2014 was a loss of .03 cents per share compared to a loss of $.02 cents per share for the quarter ended March 31, 2013. The increase in loss per share was primarily associated with a non-cash loss on the fair market valuation of derivatives associated with the company's financings throughout the quarter. The company finished the quarter with a strong cash position of over $2.9 Million.
The company recently announced full year 2014 revenue guidance of $7 million and wanted to provide a quarterly breakdown of those projections to give investors some insight into the seasonality of their business. The company expects the following revenue targets for the upcoming quarters:
Q-2 2014: $3,500,000
Q-3 2014: $1,500,000
Q-4 2014: $1,500,000
"We continued to grow the breadth of our retail relationships throughout the quarter and placed our new 5-acre facility into production, which was a key step in expanding our produce business throughout the remainder of the year," explains Derek Peterson, CEO Terra Tech Corp. "Additionally we took some key steps to begin to increase our exposure to the medical cannabis markets. We see significant demand for domestic based CBD extractions and look forward to working throughout California to develop and distribute a safe and reliable product to retailers."
Below are some Q-2 milestones:
-- The company entered into a strategic relationship with Inergetics (NRTI) to develop a CBD based line of nutritional supplements.
-- A distribution deal with Florida Based Sunshine Growers was signed to produce and distribute the Edible Garden line of locally grown produce.
-- Construction was begun on a new research and industrial extraction facility in Oakland, CA and the company has purchased a custom 20 liter 5,000 PSI supercritical CO2 extractor to conduct botanical and nutraceutical extractions.
-- Edible Garden subsidiary put the new 5-Acre facility into operation.
The company will continue to update shareholders throughout the remainder of the year. Additional updates regarding the company's efforts in Nevada and Florida as well as other markets will be forthcoming.
Thanks for the chart. That is a stunning drop.
I think the PPS is humming along nicely without manipulation :)
Well I am here so I'll answer. The PPS is not really down. It is hovering within a known channel based on known information.
My personal theory is the short attack sent many buyers to the sidelines. They are cautiously waiting for results of this week's hearings.
Hi Rakeman...
The PPS growth comes from shorts buying shares they previously sold, pump and dumpers, day traders, and long investors. The PPS reductions are from fear-based selling, people taking profit because they hit their planned goals, shorts selling shares they do not own. Many long investors do not buy on news other than to take advantage of drops created by short sellers. Much of what I just wrote, and what you allude to, is common information.
However, some people here are new to investing. It is really important to help them get up to speed on investment strategies, not scare them away and write things that drop the PPS, and turn their portfolio red. Can you empathize with them just a little bit?
As for the comment about what the market knows, please speak for your views. If you have inside information regarding the views of other people or even the "market," please reference those sources. That would help you gain credibility with readers.
"Clout" is not an operative term used by the Nevada decision makers. The requirements for MME's have been designed and disseminated through published Nevada statutes.
TRTC will continue to grow, cultivate, produce CBD oil, dispense products at retail establishments throughout America. If Nevada doesn't want to be a part of their success story, we will have that information this week. It will not be a game changer for serious investors.
Rakeman...
Thank you for taking the time to detail your inner thoughts on TRTC stock value as well as their likelihood of success in Nevada.
Here is how I see it:
TRTC's wholly owned LLC known as Medifarm is the applicant in Nevada, not TRTC the corporation. Derek is the only TRTC employee on the Medifarm management team. It is the Medifarm LLC that the CC Commissioners, the State of Nevada, and all other jurisdictions are considering for MME permits, certifications, and eventually licenses.
Nevada decision makers likely know the following Nevada residents:
Richard Vonfeldt, a 20 year veteran of the Las Vegas Police Department. He is the Director of Security for Medifarm LLC.
Camden Goorjian, a Director of two active Nevada corporations: Peccole Nevada Corporation, and Total Safety, Inc. Camden and his relatives are well known in Nevada--reference the last names Peccole and Lamb. Camden is the VP and Secretary of Medifarm.
Michael Betts, the President of Third Day Creation, a Nevada corporation that serves veterans with PTSD. Michael is also a Director of Veteran Green Zone, a Nevada non-profit also serving veterans. Michael is Medifarm's Director of Community Affairs.
I believe the Commissioners have every reason to want this team operating a cultivation and production facility.
I watched the hearing videos and never once detected anyone making fun of TRTC. I saw a sense of humor and intellectual exchange between the board and Derek and Rory.
The questions about being public, or "blue sheet," was about the nature of OTC Pink companies in the news media--the ones that are being suspended for reasons unknown to anyone but the SEC. TRTC is not one of these companies. Medifarm is an LLC, not a publicly traded corporation on the Pink Sheets. If the Commission had fears about public companies, they would not have granted a permit to GBL*.
The PPS hasn't been .05 since last fall. Do you honestly believe that all of the growth this company has seen since then, along with all the strategic moves it has taken, will result in a complete disaster? I wish I could better understand your logic. I cannot today because I know too many people and advocacy organizations that want organic produce and an end to pesticides in same. I follow these businesses closely. I have been an organic consumer for 40 years.
Two Questions Rakeman:
How does an MM obtain inside information from the Clark County Commissioners?
How do you obtain inside information on the MM's plans to short based on their relations with CC Commissioners?
Does anyone know the status of PHOT's MEDIGROW system referenced in the Press Release below?
WOODLAND HILLS, Calif., Jan. 28, 2013 /PRNewswire/ -- GrowLife Inc. (OTCQB: PHOT), a completely legal provider of highly effective indoor growing technologies that service the blossoming marijuana industry, is pleased to announce that it has entered into a strategic alliance with GrowOpp, LLC, a Nevada based company, for initial production of the MEDIGROW climate controlled grow chambers for production of medical grade organic cannabis.
According to GrowLife's CEO Sterling C. Scott, "MEDIGROWs are the first medical grade growing system on the market. We are not aware of any serious competition. It is a very significant addition to our line of growing chambers which started with the single plant Phototron brand some 25 years ago." As Scott explained, "MEDIGROWs produce between 32-64 ounces of medical grade cannabis per 8-10 week flowering cycle, depending on the selected genetics and strain."
GrowLife is on the leading edge in supply of specialized equipment for cannabis production systems. MEDIGROW is an important innovation that is expected to showcase GrowLife's lead in technology, especially technology for production of medical grade organic cannabis. MEDIGROW systems incorporate a lot of GrowLife company technology including the SG Sensors product line, for professional grade monitoring and control of hydroponic dosing, temperature, humidity, CO2, lighting, and many other features from the communication device of choice and Stealth Grow LED lighting products all to produce the highest quality organic products in an energy efficient manner.
GrowLife and GrowOpp, LLC have agreed on cross licensing and incentives to produce the initial MEDIGROW production units. MEDIGROW's will be available for sale or lease only in States with legal medical marijuana programs.
I love CEO's that stand up for themselves, their shareholders, and their business. There is no right or wrong way to do so as long as he operates within the rule of law
Nothing he wrote on FB struck me as immature.
Thanks for the information. Did you learn the name of the entity that holds the pending patent? Is Todd Denkin part of the GBLX organization?
It seems to me, this will be cheap for a long time since they have no revenue until next year.
Have at it day traders!
GrowOpp, LLC owns Trademarks for GrowBLOX and AeroVapor. They were filed early February 2014.
Reference: http://trademarks.justia.com/owners/growopp-llc-2791523
GrowOpp,LLC is registered with the Nevada Secretary of State. The Registered Agent is Meredith Simmons, who handles legal/licensing for GBLX. The Managing Member is Todd Denkin of Henderson, NV
Reference: https://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=%252fvxlUGPxp%252f9RD1JXHdl3aA%253d%253d
GBLX May 30, 2014 Press Release refers to "its patent pending proprietary agricultural indoor growing system for medical-grade cannabis." Does this really mean that the public company GBLX holds the patent, or does the GBS Sciences LLC hold the patent, or does GrowOpp, LLC hold the patent, or does Tumbleweed Holding(s) hold the patent?
Is this one big happy grow family?
Is the GrowBLOX in any way related to the MEDIGROW referenced below?
Quote from Press Release January 28, 2013
"Growlife, Inc. announced that it has entered into a strategic alliance with GrowOpp, LLC for initial production of the MEDIGROW climate controlled grow chambers for production of medical grade organic cannabis. GrowLife and GrowOpp, LLC have agreed on cross licensing and incentives to produce the initial MEDIGROW production units. MEDIGROW's will be available for sale or lease only in States with legal medical marijuana programs."
No ulterior motive on my part. Just looking for the whole truth and nothing but the truth so I don't get burned again :)
Hoping to see a Press Release some day that provides more insight into who owns what.
I actually agree with Rakeman for a change! I struggle to find reason to invest or even day trade in this company.
They have no license to sell weed anywhere. They received a Land Use Permit only. This company owns 55% of the GBS Sciences LLC that received the permit. I don't know if they own the GrowBLOX and/or AeroVapor technology. I don't know who is on their Board of Directors. They had $51 cash at the end of 2013. There is no financial statement on OTC under GBLX even though they are fully reporting/audited. Last one was Feb. 14 for previous name.
Check out the link at the very bottom of the page linked below. There is an OTCQB company in New York (DCDC) that changed their name to Tumbleweed Holding(s) and is moving into the ag tech side of cannabis sector. They are not changing ticker at this time.
http://cannabissativa.co/companies/tumbleweed-holdings-inc
There was a Tumbleweed Holding(s) in Nevada whose license was permanently revoked.
There is a Tumbleweed Holding(s) in California whose license was suspended.
Tumbleweed Holding Company link is bad so you can monitor their Facebook page which has images of the GrowBlox etc.
https://www.facebook.com/pages/Tumbleweed-Holding-Company-THC/709039945792529
The last post was November 2013.
GrowBlox Sciences became "real" in April 2014. Their Facebook pages are linked below and categorized as Farming/Agriculture:
https://www.facebook.com/GrowBLOXSciences - 6 Likes - Started May 19, 2014
https://www.facebook.com/pages/Growblox-Sciences/427189244079726 - 83 Likes - Started Feb 5, 2014
The Advanced AeroVapor system linked to their website appears to be the same system developed by 10 Mile Farms, LLC in Henderson, Nevada. You can see for yourself in the video below.
Craig was the CEO of Phototron (PHOT) when it merged with SA Technologies.
http://www.businesswire.com/news/home/20120322005433/en/Phototron-Signs-Merger-Agreement-SG-Technologies#.U5rsuCiPN9A
In the article linked below, Craig is named a "serial entrepreneur," President and Co-Founder of 10 Mile Farms.
http://10milefarms.com/verticalfarmerexperts
There is a link to an audio file just above this board in which Derek addresses all of the libelous statements made.
He was interviewed on Ralston Reports. That video is on their Facebook Page: https://www.facebook.com/terratechcorp
He has met with each Commissioner to address the issues.
He has hired a former SEC investigator to do a top down review of his business to ensure there are no issues.
It's all good!
He wrote the word grow not dispense. TRTC could be the first publicly traded company to receive a land use permit, MME Certificate, or even license to grow cannabis.
TRTC is the only publicly traded grower in the competition.
This instance is different in that it's not just one dude. It is many dudes operating under fictitious names. Derek doesn't have time to play whac-a-mole. There are too many moles!
If you listen to the audio linked to today's press release, you will learn the truth from Derek. You asked for that in prior posts. Hopefully this will help you understand the libel.
http://smallcapvoice.com/blog/6-11-14-smallcapvoice-interview-with-terra-tech-corp-trtc
There is an article regarding SA beneath this audio link. It states that SA has 9 million unique hits per month. Factor in the Tweets, Facebook posts, news media comments, emails to Commissioners and the 26% share drop that began well before the votes and voila! TRTC has actual and punitive damage claims, both personally (Amy, too) and professionally.
I worked for large, medium, small and even family owned businesses. Not one had a CEO that wrote content.
I don't make accusations and assumptions about people.
This is my last post on this topic.
I worked in many companies, worked with web designers, graphic artists, content providers, and not once did a CEO even WANT to be involved in the process.
How could a CEO know the web designer used copy from another site without going web surfing in search of possible conflicts? This isn't what CEO's typically do.
It was brought to his attention while traveling. He discussed it with MNT*, researched it, and is acting on it.
I think we will see more and more statements like this from the Pink Sheet companies. From a business perspective, I believe it is a proactive measure to reduce the likelihood of liability if lawsuits are filed.
It doesn't concern me. I actually like it!
http://lowcarbhigh.com
The website still states it is launching Spring 2014. I'm willing to wait ten more days.
As for the timing, and location, I know people that have started businesses from their homes, reserved names, and acquired business licenses once their financing is in place. I don't see anything strange yet.
I have wondered all along like many people, though, and need to see proof of concepts.
Here's the link to the OTC News for Inergetics. The June 4, 2014 Press Release defines the NRT* Scientific Advisory Board. Derek attended their inaugural meeting.
Read the simple bio's in this release.
http://www.otcmarkets.com/stock/NRTI/news
That's the best "Touche" ever!
If I was on the CC board, I would have reported the libelous email to the SEC, engaged the full board in an offline discussion, voted for TRTC, and upon the permit and final MME Certificate of Registration, buy a boatload of shares. Oh, wait a minute, I could lose my seat buying those shares...disregard that part :)
History has been made. We agree on one topic!
What are the specific TRTC violations you discovered that 16,000 shareholders have been unable to find through their DD?
Wow...thanks Knife for filling in for me while I was gone. I do echo Knife's responses and views.
The State of Nevada requires MME applicants to register with the Nevada Secretary of State. At this point, Derek is the only named officer of Medifarm LLC officially registered with the SOS office. They have until March 2015 to submit entity details.
https://nvsos.gov/sosentitysearch/corpsearch.aspx
Keep in mind that the State application process is the one that matters to the State of Nevada. They will perform the required due diligence.
There are two disclosure forms in your link. Amy is a Director on the TRTC form and that is true.
I have to get to an appointment so no time to review video. Not certain then what you mean by 60/40 at this time. Is it possibly beneficial focus as to net gains if not a citizen breakdown? TRTC does have 100% ownership of the LLC.
I believe the 40% is an answer to the question: What percent of MediFarm officer's live in Clark County.
Medifarm LLC Team
To answer your question, Blum is privately held 50/50 between Derek and Salwa.
Derek is the only TRTC employee on the MediFarm LLC team. I assume he is able to rely on the rock stars named below to handle the cultivation facility. I assume they are able to benefit from TRTC's ag expertise on top of their own experiences. Salwa has been actively involved in Oaksterdam University (cannabis cultivation school).
Names below are from Clark County's Disclosure Form. As requested in the instructions, Terra Tech Corp. is listed first as a Publicly Traded Corporation with 100% ownership of MediFarm, LLC.
Camden Goorjian
Vice President/Secretary
Las Vegas Resident
Salwa Ibrahim
President and Chief Executive Director
Oakland, CA Resident
Richard Vonfeldt
Director of Security
Las Vegas Resident
Michael Betts
Director of Community Affairs
Las Vegas Resident
Derek Peterson
Manager and Chief Financial Officer
California Resident
Martin Kaufman
Director of Quality Assurance
San Anselmo, CA Resident
Sneak Peek - New Website on Facebook :)
https://www.facebook.com/terratechcorp
What day did he write this by hand? Can you paste the image of his handwriting?
Because some people arrive late and don't want to dig through the history :)
Also, someone else raised the question.
Thank You!
Thanks...I haven't been to this board in awhile so I'm getting caught up on the latest issues.
"Something read on Ihub concerning MNT* company website. Click here to read the ABOUT page: http://mentorcapital.com/about-us/about-mntr/ Notice they call themselves "Metro Capital" in the first sentence? Later they call themselves "Mental Capital" ? Any thoughts? Posted 4 months ago
So...seems MNT* may have updated the page in question within the past four months.