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Congress Votes To Block Feds From Enforcing Marijuana Laws In Legal States - only 41 GOP reps voted for it -
https://www.forbes.com/sites/tomangell/2019/06/20/congress-votes-to-block-feds-from-enforcing-marijuana-laws-in-legal-states/#3b6bc53b4b62
Now Mitch and Bone spur have a choice.
Any bets?
TRTC had goodwill as part of their assets.
Last Quarter Amazon declared 13.3 billion dollars in Goodwill.
Both use accountants, Both comply with the requirements of the SEC, Both comply with SOX.
Goodwill arises when a company acquires another entire business. The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in the purchase.
Or
Goodwill is a friendly, helpful, or cooperative feelings or attitude.
Our financial genius seems to believe it's the latter.
I agree the pop should be great. Not as good as it could have been if legality had occurred when TRTC hit it's peak but better than many of the CGC's of the MJ world. last I looked it would take CGC 30 years of revenues to make it's market cap. TRTC can do it in less than three.
The facts baby, just the facts.
The Numbers as of March 31 2019 Quarterly Report
Total Assets.................145,133,000 Dollars
Total Liabilities.............30,039,000 Dollars
Total Revenues.................7,358,000 Dollars
Outstanding shares (Common)...93,710,004 Shares
Outstanding shares (B Series).0 F'ing ZERO
https://ir.terratechcorp.com/quarterly-reports
(April 2019) As of today, IVXX(TM) is carried in more than 200 locations
https://d1io3yog0oux5.cloudfront.net/_65ebdd69dba34471c77628b595d98c9a/terratechcorp/db/224/433/pdf/Terra+Tech+Investor+Presentation+April+2019.pdf
Terra Tech has a Market Cap to Sales revenue of 1.3 the lowest among the companies over 30 million dollars in annual revenues.
https://d1io3yog0oux5.cloudfront.net/_65ebdd69dba34471c77628b595d98c9a/terratechcorp/db/224/433/pdf/Terra+Tech+Investor+Presentation+April+2019.pdf
Value investors look for securities with prices that are unjustifiably low based on their intrinsic worth.
And that is TRTC in terms even a banana could understand.
Woman named Marijuana Pepsi refused to change her name — now she’s a doctor
https://nypost.com/2019/06/19/woman-named-marijuana-pepsi-refused-to-change-her-name-now-shes-a-doctor/
Easy way to motivate your representative. Send a letter in seconds.
https://norml.org/action-center/item/support-the-blumenauer-mcclintock-amendment
Action Needed: Marijuana Vote This Week In Congress - call your congress reps.
This week, there will be a crucial vote on an amendment and it could be our biggest federal victory yet. We need your help to make sure we win.
Known as the Blumenauer amendment after Representative Earl Blumenauer (OR-3), this language would restrict the Department of Justice from interfering in the 11 states that have legalized and regulate adult-use marijuana.
https://blog.norml.org/2019/06/17/action-needed-marijuana-vote-this-week-in-congress/
Study: Cannabis Safe and Effective in Fibromyalgia Patients
https://blog.norml.org/2019/06/18/study-cannabis-safe-and-effective-in-fibromyalgia-patients/
Why You Shouldn't Buy Canadian Marijuana Stocks, According To Analysts
https://finance.yahoo.com/news/why-shouldnt-buy-canadian-marijuana-191115958.html
But choosing wrong is exactly what you’d be doing, say Compass Point Research & Trading analysts. It’s true Canadian marijuana producers like Canopy and Tilray might receive higher valuations than those in the United States. But Canadian marijuana sales will only hit $2.7 billion in 2020, according to the analysts projections, while the U.S. forecasts at $4.8 billion that same year.
This Marijuana Top Pick Just Earned a Downgrade
"As legalizations have taken place in Canada, throughout multiple U.S. states, and around the world, we've witnessed the budding potential of this industry, with Arcview Market Research and BDS Analytics citing $12.2 billion in global sales in 2018. Considering that tens of billions of dollars are being sold annually in the global black market, the opportunity is ripe for these sales to be gradually moved to legal channels as more countries roll out the red carpet for cannabis. If this happens, opportunistic pot stock investors who stay the course could walk away with a lot of green.
But as is often the case with any nascent industry that faces high expectations, hiccups are prevalent. In Canada, we've witnessed persistent supply shortages wreak havoc on the operating results of most marijuana stocks. And while Wall Street has mostly been forgiving of these weaker results, that's not always the case."
https://www.fool.com/investing/2019/06/19/this-marijuana-top-pick-just-earned-a-downgrade.aspx
Close down one rig oil companies when there is a surplus would be a great start.
Glad to see EVIO making some of the losses back - looks like the SGBY runs of old. Good luck to all those invested.
Anyone have a clue as to what the catalyst was?
No legislation can save oil and coal but TRTC can be saved as well as most of the US MJ industry by a sane government which is lacking today.
What a laugh, "Long term downtrend here. The trend is your friend, simple." Well said but for the wrong industry. Much more apt for TRTC than some one well oil stock.
MJ is up and coming - Oil is an industry in decline and this industry will be like the buggy whip industry at the turn of the last century. Solar, Fusion, Wind, Tides, Electric vehicles as well as electric storage innovations are all present and growing in spite of the oil and coal money lobbying against them. One political group want to move to alternative energy and clean water and air and the other side wants coal and oil and filthy water and air. Wonder who will win? What a laugh.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149443222
You argue the climate change by today's weather?
Look at when they reported. Most will show dips in their stock prices after their 10q because they did not meet expectations.
For instance Cresco labs was 12 bucks a share before it reported. It is just now recovering - as will Hexo.
Curaleaf - a good company like Hexo, had similar problems the last quarter and they reported about two weeks prior to Hexo. They just started coming back.
It's a good time to buy good MJ companies that are having problems more associated to the state and federal governments and their failure to stop black market competition, legalize (US), Tax reasonably for a new industry, Permit banking (US). and all the other road blocks in the (Mostly) US and Canada.
IMHO if the US continues to be led by 70+ year old white males MJ will never be approved and I say that as a 70 year old white male.
That is not the number that disappoints. With a publicly traded startup it is assumed they will grow using the shares and incur debt.
It is also assumed the revenues would grow each quarter. The Revenues is the number causing the drop.
That said, this year almost the entire industry is having problems.
This will pass.
I am a big fan of civilization and how men get together for the common good and self defense. Some folks call it regulation, I call it protecting the less fortunate and that is why we form governments.
Stem cells. They are being made from regular cells these days and the only problem we have is a lack of regulation to weed out the fakers.
Could be. Good Company.
Best case scenario, nope. It would be a good choice if the buyout happens at a much better market cap. But regardless I chose a different route.
1. Docs can reverse aging,
2. They start with me and my wife.
That's my perfect scenario!!
I got enough of everything but time.
Revenues were disappointing but for reasons that have effected the entire industry so I doubt this continues much longer. I also see an increase in shorting, so dumping by scared folks and shorts seems to me to be the reason for the drops along with pattern trading.
I've been here, 2015, there has been numerious times the stocks price was well below .50. Lots of folks made good returns just trading the stock between .20 and .40 as it did that regularly for many months. If you are thinking of after the RS, looking at the chart I see three times it dropped into the .50's. I believe .50 would be welcomed by a lot of folks.
I don't believe it will hit .50 - maybe high .50's - if at all. Depends on volume.
That was a truthful mouthful - well said.
I think the stats are 90% of Day Traders go broke. This is America, where millions of people get together to buy Lottery tickets to make one or two rich.
Instead of numbers we use ticker symbols.
If ticker symbols were numerical 90% of the current penny stock holders would use birth dates to pick their stocks.
True. Converting all their shares into common stock was a commitment not seen. The quarter after that Derek, on the quarterly conversation, could be heard to have a emotional moment when talking of the reason for the move to common shares. He has done a good job on the whole but timing is hurting TRTC. Being first into a new LEGAL industry would be a good thing but being a first mover in the federally ILLEGAL US MJ industry has turned into a mill stone around his neck and consequentially, around ours.
One reason I continue to come back to TRTC is Derek's drive. All the people I've known in my life that were successful leaders, the one's with drive always out performed. Really didn't seem to matter how smart they were or how decent they were just how much drive they had. Derek is smart and has drive and now focus on a more realistic goal. King of US MJ was never in the cards once Wall Street stepped in.
True. Unfortunately cash strapped companies like TRTC, may not survive more than a couple of years if they keep screwing around with this new industry.
We lost Solar and we are losing A.I. to China. We lost batteries to Korea, lost DNA research to South America, Europe and Asia, Aircraft to Europe, Automobiles to Japan and Europe, and today quantum physics is happening more outside the US than inside and if we lose that science we lose it all. And we are losing science because we don't have a clue of what the scientific method is and the importance of critical thinking.
I won't try companies with market caps that their revenues don't support except to trade.
I agree. Way overblown. It should have been expected - the industry as a whole is missing targets. I brought some when it dropped below 6.
Good to know and definitely a good buy.
1. Federal laws.
2. Black market weed.
3. Lack of a favorable capital market.
4. Increased competition - Planet 13 going to be in direct competition with Oakland Blum.
5. Lower weed prices.
6. Ridiculous taxes at State and Federal levels - if beer was taxed like marijuana there would be a Boston Beer party.
7. A Senate leader who is still obstructing.
8. Lack of institutional investors.
9. Perception and a host of bed bugs.
10. The industry is doing crappy as a whole.
You sure? Last year there was no constant tariff drum beat. If the tariffs fold up like the Mexico tariffs Apple stock could do very well.
I like this stock. Conditions outside the industry's control are not helping any of these MJ stocks. Good luck to all of us.
Don't see it. No serious person would compare today to last year. The comparables for these new companies is Quarter over Quarter revenue growth.
Hate to say it but Quarter over Quarter looks like it's a bit less revenues. The entire industry had a poor quarter.
I don't do the past. Worthless enterprise. All the penny stocks are risky bets. Just lotto tickets and they go public in order to use the stock for financing - dilution. I use give-a-shit money to buy what I think has a chance for a moon shot.
At this moment Liberty and Terra Tech both are undervalued in my estimation. Depends how much more dilution we see from Liberty and how much revenues the dilution helps realize. And it depends if the CEO of TRTC follows his plan he just restated last week and shows progress in revenues and margins and growth in the California market.
But - federal legalization is always the largest catalyst.. When it happens if I'm right these undervalued stocks will see gains much better than the overvalued CGC's of the industry.
So how many beans did you come up with?
If you take that .50 and buy future income then the loss is worth it.
You don't seem to understand public penny stocks. They go public to use the shares for growth. Dilution is part and parcel of their business model.
Investors in these stocks don't give a flip about current financials just the end result and the possibility of a moon shot and they accept the risk and hopefully use give-a-shit money they can lose without a second thought. The odds here can be made better with DD but bitching and moaning over financing for a broke dick penny stock is not DD - it's DooDoo.
You folks seem to think these are blue chips the way you nit pick these lotto ticket stocks. It's actually hilarious and makes me think either these nitpicking folks are just having a social outing or are just wack jobs without a clue. Fearless leader's vision of a 400 pound teen with a computer often comes to mind.
You are probably right. Just shooting the breeze. Besides it irks some folks and since I can not reach out and touch them, tweaking their sour pusses with a word or two is worth the effort.
They are selling assets and Derek did say it was a consideration. But you are wrong - a business man would do whatever it takes in the bounds of the SEC and SOXs and bean counters never understand.
Of course I don't like them but they serve a purpose. That is in the past as is the mess Liberty found itself in. I like the future for both if they start performing soon.
Looking in the rear view mirror serves no purpose. TRTC made folks a ton of money from 2015 to 2017 with epic runs from .20's to .40's - only the folks with an agenda ignore that and assume every share holder is a bag holder instead of a trader.
Maybe that pop was a small buy back.