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TRTC Heavily shorted.Check the data.
Hold on to your shares, don't give them for cheap.
After Aug 18th, the last day to receive the applications for state, the application can be approved as early as Sep 2nd week or as late as Nov.
Once the results are out, you won't get it at this price.
http://otcshortreport.com/index.php?index=trtc&action=view#.U-4jIPldWBo
Date VolShort High Low Close ShortVol RegularVol
Aug 14 37.42% 0.35 0.30 0.34 591,093 1,579,431
Aug 13 42.41% 0.38 0.34 0.34 512,381 1,208,284
Aug 12 43.28% 0.37 0.35 0.37 254,544 588,182
Aug 11 45.04% 0.39 0.35 0.36 648,696 1,440,168
Aug 08 49.08% 0.39 0.34 0.39 496,811 1,012,345
Aug 07 52.57% 0.36 0.32 0.36 846,727 1,610,622
Once the Applications are received by the state, they can get approved within a month at the earliest and latest by November 1st week.
I think this will be last chance to accumulate before the surprise approval which will drive this one to roof.
TRTC v/s MJNA v/s FITX.Just comparing their revenue and mcap, I am surprised TRTC is still only in 0.30's, this should be atleast 0.60
The cost is going to go down and EG is soon going to be a profitable venture
Edible Garden is continuing to expand their retail footprint and in active discussions with retailers throughout the country. The company is focused on developing a footprint in the Southeast market as well as broader expansion in the Midwest. Currently the new 5-acre hydroponic facility is at 75% capacity and the company is in the process of installing automated Dutch hydroponic tables in 2 acres. The company made the investment to shift the produce cultivation taking place in NB Plants facility over to EG's facility which should help reduce costs and align with the company's objective of increasing profitability. These systems should increase productivity while reducing labor. The company is currently testing additional products including various lettuce mixes, vegetables and other produce to expand the brand within their current retail footprint.
Ready to launch. Won't be surprised if it goes to .50 today itself.
Which OTC company has any revenue.
FITX has 0 revenue, still have mktcap of 190 mil
TRTC is going to get more than $7 to $10 mill this year. What do you think its mkt cap should be...
This is oversold and overbashed.
Shorts are trying cover. Don't sell your shares and let them make profit.
Hold on to your shares and the price will automatically go up.
Bashing with vested interest going on.
TRTC has exceeded its own guidance
Date VolShorted High Low Close ShortVol RegularVol
Aug 13 42.41% 0.38 0.34 0.34 512,381 1,208,284
Aug 12 43.28% 0.37 0.35 0.37 254,544 588,182
Aug 11 45.04% 0.39 0.35 0.36 648,696 1,440,168
Aug 08 49.08% 0.39 0.34 0.39 496,811 1,012,345
Aug 07 52.57% 0.36 0.32 0.36 846,727 1,610,622
Aug 06 24.60% 0.36 0.32 0.34 610,998 2,483,672
Sleek,
Is there a PR that will summarise the revenue, the cost, future cost , future revenue guidance and initiatives that is going to be released tomorrow. Just 10Q released without a PR is being left to the interpretations of shorts/bashers who are currently finding all kinds of faults with such a outstanding Q2 report.
TRTC is heavily short in last 5 consecutive trading days
Date VolShorted High Low Close ShortVol RegVol
Aug 13 42.41% 0.38 0.34 0.34 512,381 1,208,284
Aug 12 43.28% 0.37 0.35 0.37 254,544 588,182
Aug 11 45.04% 0.39 0.35 0.36 648,696 1,440,168
Aug 08 49.08% 0.39 0.34 0.39 496,811 1,012,345
Aug 07 52.57% 0.36 0.32 0.36 846,727 1,610,622
I am not surprised if shorts on this board are trying put a -ve spin to such a outstanding 10Q. TRTC has exceeded the 3.5 mil revenue and has reduced the loss per share compared to 2013 june.
2013 Aug 6 cents
2014 Aug 35 cents = 6 X
The rate at which is going, it will be atleast 6 times of today next year.
2015 Aug $2.1
mike_usa,
You are very objective and that's what I like about your post.
There is no need to hype this company, let it stand on its own merit.
I think if you are long, eventually it is going to pay off and in multiples of 20's or even 30's.
There are too many good things for mmj sector that is due in November and I think it is worth a wait till then
45 mill shares won't be issuable until the corresponding promissory notes are converted. These shares are offered on continuous basis on the following schedule.
These securities won't be available for sale on monday.
3) Represents shares of common stock issuable by the registrant upon the conversion of the aggregate principal amount of the 5% Original Issue Discount Senior Secured Convertible Promissory Notes due September 5, 2015, October 5, 2015, November 5, 2015, December 5, 2015, January 5, 2016, and February 5, 2016.
Mike,
I don't know if I stating is correct or not, it is my own interpretation of what I read in the S-1, I already pointed out that paragraph to you earlier and maxxm to has highlighted that part.
Again, I am not competent to answer it for a fact. You need to ask someone who is more competent on this board. May be sleek or someone else to re-confirm.
All I know is I am selling my shares for cheap to bashers or shorts.
I am TRTC LONG, so these things don't matter to me as I see a different picture
There are 4 catalyst for TRTC and MMJ sector in general and anything can happen in next 3 months by Nov
a> TRTC getting all the license for dispensary, production and cultivation from Reno, Las Vegas, Carson City, Clark county and State
b> DEA reclassification of marijuana
c> 4 states are voting for re-creational marijuana in novemeber
d> TRTC adding Publix, Wholefoods etc and exceeding revenues and exceeding their own guidance.
Any or all of 4 can happen for TRTC and then we will be totally at a different level. At that point TRTC will be trading anywhere between $1 to $2+ depending on which all happened for TRTC.
In 2015 Sept, 45 million shares won't matter much
Exactly my take too, I don't think these shares are hitting mkt tomorrow.
The earliest these will start hitting is sometime in Sept 5th 2015.
Shorts/Bashers are trying there best to create fear tactics using "Dilution" etc.
In 2015, TRTC will be way move $2 if it keeps on expanding at this rate
I am not sure if I am competent to answer this for a fact. I am just re-stating whats there in the S-1. You can seach for "2015" or "Plan of Distribution" , you should find the paragraph.
Like I have stated before, I don't think these shares are hitting the market on monday , i mean tomorrow.
The 1st thing to note is that this S-1 is not effective yet and not accepted by SEC. The last one took 5 months to become effective.
"
Neither the SEC nor any state securities commission has approved or disapproved of these securities or determined if this Prospectus is truthful or complete. Any representation to the contrary is a criminal offense."
45 mill shares won't be issuable until the corresponding promissory notes are converted. These shares are offered on continuous basis on the following schedule.
These securities won't be available for sale on monday.
3) Represents shares of common stock issuable by the registrant upon the conversion of the aggregate principal amount of the 5% Original Issue Discount Senior Secured Convertible Promissory Notes due September 5, 2015, October 5, 2015, November 5, 2015, December 5, 2015, January 5, 2016, and February 5, 2016.
Last time they filed S-1 in Feb, it was made effective only in june end. This S-1 is not going to be effective from tomorrow. It might take 4-5 months before it becomes effective.
The shares might not hit the market before 4 month-5 months.
there are too many things that can happen between now and 5 months from now.
Following are the snippets of the SEC filing, it is clear they will not be selling notes until they mature, which start only from 2015 Sep all the way to 2016.
The information in this prospectus (this “Prospectus”) is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission (the “SEC”) is effective. This Prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
We are not selling any securities under this Prospectus and will not receive any of the proceeds from the sale of shares of Common Stock by the Selling Stockholder.
Commencing on the date of this Prospectus, the Selling Stockholder may offer and sell up to 53,036,514 shares of our Common Stock. We expect that the shares will be offered at market prices as quoted on the OTC Markets Group, Inc.’s OTCQB tier, or at privately negotiated prices. The shares are quoted on the OTCQB tier under the symbol “TRTC”. We are registering shares of Common Stock that have been or may be issued by us from time to time to the Selling Stockholder from the conversion of the Notes and/or the exercise of the Warrants to permit the resale of these shares of Common Stock after the issuance thereof by the Selling Stockholder from time to time after the date of this Prospectus.
(3) Represents shares of common stock issuable by the registrant upon the conversion of the aggregate principal amount of the 5% Original Issue Discount Senior Secured Convertible Promissory Notes due September 5, 2015, October 5, 2015, November 5, 2015, December 5, 2015, January 5, 2016, and February 5, 2016.
Nice try to scare people.
The last time they filed S-1 in Feb, it took SEC more 5 months to make it effective. Assuming it might take more or less the same, it will be still be sometime in Feb of 2015.
As per the content, it is not going to be effective tomorrow, but atleast 6 months from now.
3 months from now, TRTC gets all the applied license
3 months from now , 4 state can adopt Recreational mmj
3 months from now Q3 results will be declared.
and anytime between 1-3 months DEA can declasssify marijuana.
So the changes of TRTC stock being $1+ are much higher to be bogged down by when these new stocks can get added to the market.
Keeping shareholder's interest in mind, TRTC management has wisely pushed the original S-1 agreement that was supposed to be effective Aug 2014 to next year starting Sept 5th 2015. These 47 mil stocks will be added to the existing 167mil more than a year from now if the note become effective. The note by itself can take 4-5 months to get approved from SEC.
By this time next year TRTC will be 3-4 times its current offered price at which this is being offered.
Represents shares of common stock issuable by the registrant upon the conversion of the aggregate principal amount of the 5% Original Issue Discount Senior Secured Convertible Promissory Notes due September 5, 2015, October 5, 2015, November 5, 2015, December 5, 2015, January 5, 2016, and February 5, 2016.
S1 is proposed, it took 5 months for the one that was filed earlier in Feb to become effective in June, in 5 months TRTC will be above $1 based on the outcomes in November. It won't have current effective, but may be 5 months from now, it will allow Dominion Capital LLC to sell the shares in the market.
This however confirms that the bottom of 0.32 is the new double bottom support and it is highly unlikely for TRTC to go below that again.
It is clear that ATTBF is one of their favourites to get a license, otherwise HC would have outright rejected their application. They might have very few things that need to be addressed, based on that i believe license can be announced anytime now.
If an private investor has invested $5 mil, then it shows they too are confident that ATTBF is going to get one.
This has been shorted heavily yesterday, no doubt you are trying to cover your a$$.
Its not going to work, the verdict is out.
People believe in Sleek's theory and charts and not your dilution story.
It is going to be 0.4 today, 0.45 tomorrow and next week start the ride back to 0.70....
This was heavily shorted yesterday and last week. Obviously, the shorts are trying to cover and spinning a different story to the news.
The warrants news is old and the it just shows how others confident is Dominion Capital about TRTC's future and have agreed to release the funds early.
It also means that TRTC has preponed its plans and have expanding at a higher accelerated rate than anticipated.
They are a lot closer to touching the plant and have start investing in that direction earlier.
Aug 06 24.60% 0.36 0.32 0.34 610,998 2,483,672
Aug 05 19.66% 0.40 0.35 0.35 692,745 3,523,863
Aug 04 11.93% 0.40 0.39 0.39 49,083 411,564
Aug 01 18.12% 0.41 0.39 0.40 76,522 422,229
Jul 31 35.31% 0.41 0.39 0.40 316,297 895,795
Jul 30 48.94% 0.41 0.39 0.40 356,077 727,596
You are misleading people. The S-3 was approved, but they decided instead to withdraw it.
It was approved on 6/30 and it was withdran on 7/8.
07/08/2014 11:29AM EDGAR Withdrawal of Registration Statement (rw) USOTC:TRTC Terra Tech Corp. (QB)
06/30/2014 3:01PM GLOBE Edible Garden Announces New Retailers Carrying Their Brand of Locally Grown Produce USOTC:TRTC Terra Tech Corp. (QB)
06/30/2014 6:01AM EDGAR Notice of Effectiveness (effect)
Wrong information. The S-3 was approved and it was withdrawn by TRTC. It was not cancelled. As mentioned earlier by Sleek, they didn't see the need to further dilute as they had required revenue and funding already in place to take their plans forward
The early release of 8-k also proves how confident TRTC management and their investor partner Dominion Capital is in their upcoming plans. This also means TRTC is ready to grow much earlier than earlier planned for. They are more confident in getting the required permits that they have applied and might have to take development of their dispensary, production and cultivation plants on multiple fronts, reno, las vegas, florida etc...
This is ready to fire up tommorrow.
Sleek,
I am TRTC long and would like you address if you have some DD on how you come to this information related to funded till march 2015. I know that going forward and beyond that they might not even require more financing based on the new revenue streams and additional stores.
good analysis. i think you are right, Q2 results and the future guidance and clarifications and plans, they all will play a role in whether or not it stays at 0.40 to 0.50 range or goes beyond to 0.60 or 0.70, I think for it to cross the $1 mark, we require some sector news and just TRTC on its own won't be able to pull that off until next year or until they get the state license.
Next year $1 to $1.2 will be the new $.40.
Hope fully it will put to rest all the bashers and TRTC will grow like any other company slowly and steady to Nashdaq
If FITX and some others can trade such that their mcap is way higher than TRTC's and do no have any other stream of revenue, i think TRTC is way undervalued. When the guidance comes in, this will climb in a jiffy and most of the buy orders won't get filled easily.
Make up your own mind.
Facts- TRTC - A company with real products, real machinery. Selling products in real stores - all reputed - Walmart, Kroger, A&P etc... more than 1000+ stores.
has acquired licenses for MMJ cultivation, production.
Has applied for licenses for cultivation , production , dispensary etc in Las Vegas, Reno, NV state etc...
Future - Q2 revenue whether or not it beats the expectation, not worried whether it still a net loss since there are lot of cost invovled -
Future guidance - Q3 and Q4 guidance, any other misunderstandings that like wiht S-3 withdrawal,bonuses etc. Who knows, those bonuses might be related to folding of Blum brand into TRTC.
After knowing facts and then comparing it with CBGI or any other pot stock as mentioned by one of the bashers sillylung, I won't sorry if people still want to sell their shares for cheap.
Cause when the Q2 is announced, you won't be able to get those for that cheap.
Again, to each his own as mentioned earlier. make up your mind.
The no's on OTC market are the most current no's.
TRTC has infact withdrawn their S-3 application and won't be diluting since there revenue from EG will be used to finance MJ expansion.
167m o/s
156m float
Well said, this is just the beginning of new rally. I think between Kroger and A&P, they would have added another 500-1000 stores to their already existing 700 stores
TRTC and BLUM will be synonyms going forward when it comes to MMJ industry.
These names will reckon every where , its like cheese and people think of Kraft foods.
I think same is going to happen with TRTC/BLUM
Nice try, why do you post the same questions again and again. People have been through you post which are still accessible. no matter how much you try to create confusion in mind of people, you won't be able to have them sell their positions.
Shareholders are waiting on the financials and their revenue guidance and also there future plans.
The future revenue/potential changes since its last filing considerably.
Between the last filing and this one, lot of things have happened for TRTC.
a> Securing production and cultivation license of Clark County.
b> Signing of Walmart for EG products
c> Signing of Stew Leonards stores for EG products
d> Signing of Kroger for EG products
e> Withdrawal of S-3.
With all of the above, existing LONGS and interested investors are waiting to know their future plans.
People are buying at this price which is holding very well and I doubt it will ever go back to 0.25 which is what you have been praying for to get in.
Withdrawal of S-3 was blessing in disguise. TRTC does not need dilute as they channelize profits from EG to setting up dispensaries/cultivation plants for MJ.
The CEO has a well thought strategy to generate multiple revenues and grow exponentially as soon as DEA relaxes the rules around MJ industry.
Once it gets Blum LV license, and other licenses and new revenue guidance, 0.40 will be history.
BLUM dispensary is already up and running and using that as Brand going forward is a smart move by CEO DP.
TRTC is going to hit the ground running compared to all other's when it comes to cultivation, production or dispensary aspect of MMJ trade.
They have a well thought strategy to get the license and be one of the companies that provoide everything from seed to sale.
What is their share structure. Does anyone have an update