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Companies buy their own stock from cash made from revenue/profits, not from the cash generated by selling stocks at different price and buying again as they are aware of the future value.
You really need to take break from posting and get your thoughts clear.
I don't think ATTBF management is just sitting and waiting, rather they are making little progress with each passing day.
Getting phythalabs license is one such step.
I think, its just weak hands who are getting jitters.
When the license comes in and/or sector news comes in, this is going back to $3.
This november will be game changer
http://blogs.wsj.com/metropolis/2014/09/15/n-y-state-senator-looks-to-legalize-marijuana-for-general-use/
This is bound for atleast a $1 in Nov. The election results are going to be favourable and so is the license news,
Two new license issued.
http://money.cnn.com/news/newsfeeds/articles/marketwire/1144430.htm
I don't think that will be the case. Dispensary is the last thing they might develop.
They might quickly use cultivation and production to generate revenue.
Again, you can try and spin whatever -ve story to a very very +ve development that is bound to happen in November, it might scare some weak hands, not me.
Good try though.
I see you and Monest are no different, very creative with words
There are studies on both sides of spectrum. I won't read much into it.
I could argue that it could be end of medical marijuana as slowly recreational marijuana will open up new market.
Most of the performing arts related establishments are "Non Profit org", does not mean that the owner's don't make any profits.
The business's may be non profit, not their own salaries etc, which is adjusted to make them enough profit.
You won't be seeing a Dance/music/acting etc. classes flourish if that would have been the case.
You are too funny. I went through some of your post and I think you tried every way to conclude TRTC was better off as selling tomatoes than weed.
Get a life bro.
Not only TRTC, but all other players who have applied for licenses are not fools to pay such high fees and go through this gruelling process to get a business license if there were no profits.
The fact that Warren Buffet and other's pharmacies too want the pie of pot business, speaks for itself.
You my friend will not get my cheap shares.
Legalization is not very far
http://www.nydailynews.com/sports/football/nfl-test-hgh-raise-threshold-marijuana-article-1.1938104
I am fan of ATTBF and TRTC, i don't think there is any other company with business models with multi stream of revenues and diverse.
I think MJ hype has just started to pick up.
2 states v/s 50 others is lot of difference.
These companies can easily grow to become and may even get institutional buyers and may even get acquired by big pharma.
I think it is too early to loose the battle after having come this far
Exactly the point, the company which has license and infrastructure and know how and who are subject matter experts are the ones with whom potential big investors will want to go with.
TRTC has all of the above and license will open door for financing on their own terms.
These prices will be history once they get license.
If they get 8 licenses, then they can get financing on their own terms, just based on the potential revenue of what 8 licenses can generate, the existing pps will rise to atleast $1-$2.
The financing will be in stages without much dilution.
DP has already mentioned that clearly in his interview.
He does not want to grow aggressively at the cost of existing shareholders.
Completely agree.
DP had never mentioned +vely they are going to touch the plant. All he had mentioned was they will consult and do what was best in the interest of shareholders and company, which at this point looks like they are not going to touch the plant.
Any hype created around it is the reason why we have such a sell off all the way from 0.41 to 0.24 in a weeks time.
I think what the investor's are missing is the surprise element.
If everything is done as expected, the price will get factored in and on news people will sell instead of buy.
pumping is as bad as bashing. I would rather stick with facts.
You should then invest in that and continue providing inputs in that forum. I think we all here understand your motives, so not going to work on people who have done their own DD.
Again, i don't believe what other's write, i did call Jodi myself. Its upto each one of you to do your own DD.
I don't agree with you completely.
The PPS has dropped, but is not going to drop further.
They have excellent business model and most of the Longs have about in it for the same reason. They will have multiple revenue streams.
Infact Phytalabs is on verge of getting its certification for testing lab and cranking revenue.
I agree with you on the failed MMJ policy of Canada, but who knows Attbf might already got one in pocket or is definetly getting one. Who can explain why insiders are buying in at 0.40's when they are not sure if they are getting license.
Again, weak hands will not make much profit, and so will flippers or shorts.
In the end, Long will make the most.
This is no a fluff,
I too called up Jodi and reconfirmed that Phytalab's certification is being processed TODAY.
It might take EOD today or by tomorrow when their paperwork will get signed.
All weak hands who have sold will not be able to purchase again at the same price.
GLTA.
8 Licenses and Florida recreational MMJ will take it beyond $2.
They have already identified companies and might end up partnering or acquiring one of those winners.
Completely agree, if you have faith in the management, their vision, their business model, then you just have to wait it out.
This one is a winner amongst many of the MMJ companies out there and the safest investment.
Their business model has multi revenue streams and by itself sustainable.
I think if their lawyer goes through some of the post, they can easily identify MoneshHind, The Haze and few others who are constantly on it along with @LaughinPaulRyan.
i think you will have to wait for ever.
This one is never going to go to 0.23.
It can fire off anytime now.
You can see the volume, no one is ready to give shares for cheap
Who knows, they might have already received one, but are unable to say it in public.
Why would insiders buy from the market.
Ihis is never going to go below 0.40's and this might be last chance to get this low.
Someone just posted earlier, there are 9 companies who have been granted licenses, but they haven't been made public yet.
I am 100% Abattis is one of them.
If 250k have got sold, they have been bought too by someone.
As I mentioned, whether or you like it or not, more and more people are getting aware about this company and its prospects. The investor base is growing by 30% every quarter and very soon the pps will to follow.
Those shares are not hitting the market till Sept 5th 2015. So stop scarring people about dilution.
If you have heard DP's interview, he clearly mentions using existing cash and any other means that will not further dilute the shares.
TRTC is one of the only companies in MMJ sector that looks after its investor's interest, otherwise they shareholders wouldn't have increased from 16k to 25k in past quarter.
More and more new investor's want part of this pie and the shares prices are at all time low's.
I think with or without any PR's, more shareholders will keep on getting added whether or not you like it.
TRTC is one stock where one can be confident of their investments at these prices and EG revenues and growing mkt itself justifies the current levels. And when EG become profitable, with or without mmj, the share price will be atleast a $1 to $2.
License in Florida is on Lottery, not necessarily "Grow Heathly" is going to receive one.
And moreover there are only 5 producer/cultivator license in Florida.
Its a very vast market and every grower will have enough share, so not really a competitor.
Need to bring this to attention of DP and see if TRTC is going to try and bag that contract
Completely agree with you.
The need for the hour is to be net positive and distribute a little bit amongst shareholders as dividend.
That will go long way in changing the general perception amongst existing shareholders and increase investor confidence.
I thought that DP's interview will answer all the questions and increase the investor confidence and help break pps all the way to 0.50.
If in Q3 DP is able to bring down the cost related to EG and divert the profits to expansion of MMJ venture without further increasing A/S, and it will go long way in establishing a turnaround that every here is waiting for.
Fidelity is not allowing new buy trade orders on SKTO or AEGY. If you already own one, you can sell, but not buy new.
The OS stocks for ENRT is 108mil and its pps is 0.12
The OS for TRTC is 294 mill and its pps is 0.40
It just doesn't make sense. This stock is oversold and undervalued.
It has reached its bottom and its going to be only way up from here.
September 5, 2015,
This is exactly all the capital cost, legal dept, security, architects, design, engineers, and other misc cost related to these applications.
Without MMJ, TRTC could have already become profitable this quarter.
This is the most risk free investment available in OTC which very soon might go for uplisting.
Its good for the Longs. Further Shorting of TRTC will not be permitted by SEC.
6. Mandatory Close-Outs of Threshold Securities.
Regulation SHO requires broker-dealers to close-out all failures to deliver that exist in threshold securities for thirteen consecutive settlement days by purchasing securities of like kind and quantity ("close-out")
Until the position is closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker),21 may not effect further short sales in that threshold security without borrowing or entering into a bona fide agreement to borrow the security (known as a "pre-borrowing" requirement).
Its good for the Longs. Further Shorting of TRTC will not be permitted by SEC.
6. Mandatory Close-Outs of Threshold Securities.
Regulation SHO requires broker-dealers to close-out all failures to deliver that exist in threshold securities for thirteen consecutive settlement days by purchasing securities of like kind and quantity ("close-out")
Until the position is closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker),21 may not effect further short sales in that threshold security without borrowing or entering into a bona fide agreement to borrow the security (known as a "pre-borrowing" requirement).
If TRTC get approval, then you can only just imagine the demand. They have capability to produce in one state and process and supply in all the other's.
Infact they get get multiple licenses from multiple states/city's and divide and distribute.
This can be the next Amazon of Marijuana, but with a difference.
They will be profitable.
http://wallstcheatsheet.com/politics/5-states-and-one-city-ready-to-legalize-marijuana.html/?ref=YF
MonestHind,
I think people have accepted that 0.35 is the new 0.06 so i don't think this is going back as some of folks here want it.
Just doing simple math shows that the revenue for this is going to double from here onwards just on EG and the expenses are going to be either half or even less than that just for EG. This one will return to profitability sooner than expected and will take everyone by surprise.
DP's statement about changing net loss to net income itself shows his game plan going forward.
So this is not going below from here.
This will not go back to 0.10 cents. The revenue from EG itself justifies the current 0.35 to 0.50 price. I think the revenue is going to double from here and they are going to return to profitability on EG itself.
That itself will take it back to $1.
I know someone had posted earlier that if TRTC was not investing in mmj, then it would have already reached $1 by now as some of expenses related to mmj investment could have been avoided.
November 3rd is the latest by which they have to give the results, they can also give approval before that.
Today is just the last day of applications.
what folks fail to realize is that State license is any day now. They have until nov to decide, but the decision can be even made earlier.
Like Sleek mention before, shorts could be in for surprise.
This could be the last time or rather last week where it is below 0.40.
Very soon it will break it for any surprise news to come.
The approval can even happen end of this week.
I am TRTC long, and I too believe it was holding fine until the 8k filed for giving bonus shares was filed. I know that the management at TRTC is being compensated with shares and not salary. The 10Q also shows that clearly, however, this one is a question for DP about justifying such high nos of shares granted especially when the COGS was significantly higher than the revenue.
I don't know whether or not its right forum to ask this question, but atleast this could be brought to the notice of DP and/or investor relations firm on how the shareholders feel about this bonus shares and how the market has reacted.
I think giving some kind of head's up or setting the expectation right by the management wouldn't have had such a -ve impact on their action.