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You mean the Lion Outdass shares? I don't think they are in season yet.
At what price point the selling starts is important to know.
There are no preferred shares according to the last 10Q.
Read it. Write it down and say it. Perhaps you can remember.
L2 looks like it may hit low .50's
Worried about the next tranche and the effect of 10 mil+_ shares being sold.
That said I still have 10k shares at this level. Darn thing is is that the mark has been lousy all over and I hate to leave my current positions without a positive development.
TRTC is a QX company and has a requirement to report sales and purchases of company stock by insiders.
Most likely if the PPS continues to drop look for support around the .54-.55 level that was maintained in December 2018.
The next form 4 I expect to see will be purchases if management is sure of their plan.
True - let it play out.
No agreement on that idea that a company with nothing is better positioned than one with assets. Really very silly.
Of course TRTC will require Capital to keep the doors open - as does every company on the planet. Stating the obvious is just silly, again.
PPS related little to worth in the real world.
Hecla is a terrible mining company but anticipation of the effects of China's tariffs drove the pps up since the end of last month enough to manage a good profit on a trade today.
Yet, Hecla is still a crappy company.
Hexo is a Canadian MJ company on the NYSE that can be relied upon to pop at the bell and drop - almost like clock work and is now down around 20% from it's high in April.
Yet, Hexo is a sound company with great assets.
Any investor would never relate the pps to a company's potential the way your crowd does. Really silly. But very necessary if one wants to confuse some and win arguments with the unaware.
You should leave vision to folks who are not bean counters. Hire an investment manager - if you have the assets.
In 2014 there was nothing. What you folks heard in 2014 was hopes and dreams. 47 million in physical assets, 7 million in revenues says you are overlooking all the growth from 2016-now. It all took place in three and a half years.
During that same time the orange apocalypse happened.
Ignoring either is kinda silly.
Not huge changes - My Take - Focus for M&A in the California market and interestingly, share buy back as a method to raise pps. Expects to have 50-100 million in cash after asset sales. Is open to selling or using EG to grow presence in NJ and will be trying to obtain licenses there the next offering.
Goals I heard was expand foot print in California, increase margins, avoid dilutive financial arrangements, concentrate on execution.
All good normal stuff.
Civil is good. I don't like the implied delay with the tranche of 5 million. It's like a spouse saying, "After next week I'll stop cheating dear." Have to look up when it hits and plan accordingly.
If If If the 31% had not lost their minds TRTC and many other companies would not be in the same or worse boat in the MJ industry.
Judging from your current posts to other groups you already know the problem. It's not isolated to TRTC but spread across the industry.
It's due to a group of swamp rats the left side of the bell curve elected.
The herky jerky roll out of CBD is a great example of states rights carried to far because the Federal Gov't is corrupt and inept.
That would be refreshing. I'm not completely sold but if he hits his markers he just set this could be a profitable stock to at least trade. Especially considering the cheapness of the shares when comparing with any of the big board Canadian's
Let's see. Derek's Q&A was informative and set mile markers I will be watching.
If the next tranche is the final one and the sales of stagnant assets net 100 million dollars +_ and the production is back in business and producing enough to satisfy or exceed Blum's requirements and the margins improve - he should be able to pay the expenses and still have cash available for a purchase or two in California and retrofit New Jersey for cannabis production.
I expect the shares to drop after the next tranche and see August as a possible reentry point. TRTC could be at it's low in the .40's or .50's by August and make for a nice run up. But it all depends on Derek.
The other party's daddy's decide for their electorate and they have almost unanimously are against recreational use.
If anything he will double down and tweet himself in the foot.
Besides everyone know the leaders in that group knows what's best for each and every one us, from a woman's right to choose to the ability to study our issue with mass shootings - they never follow the majority. With the majority they have cobbled together they would have to bring the country back to 1850.
Marijuana is legal as a vice and is mostly a blue issue and is only going medical in red states in minor ways because they want to support veterans. A support that mostly includes flag waving, platitudes, YEEHAW and bumper stickers.
Actually it is the company's footprint today.
Assuming a 63 million dollar run rate will be achieve by the 4th quarter the revenue numbers would be some variation of
1st Qtr - 7 mil
2nd Qtr - 8 mil
3rd Qtr - 10 mil
4th Qtr - 16 mil
Or around a 40 million dollar year.
The 4th Qtr revenues should be 1/4 of a 63 million dollar revenue year or about 16 million dollars.
So the folks who think it will be there this upcoming quarter should hold their horses and understand what 'achieve a 63 million dollar run rate' means.
What this means for me is with another tranche of financing and at best 'OK' quarters coming for the next two there is time to wait and see.
Recent Company Highlights
Launched legal cannabis delivery service in Orange County, CA, operating from its state licensed Blüm dispensary in Santa Ana, CA.
Announced sale of Blüm Desert Inn retail dispensary for $10 million
Commenced cannabis sales to the adult use market at Blüm San Leandro dispensary
Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm's retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its multiple California and Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated cannabis dispensaries throughout California and dispensaries in Nevada. The Company's wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech's MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.
One thing explains everything in the MJ/CBD industry fairly completely.
A wack job was elected.
Now just keep this and read it every time you feel the need to ask me a question.
Funny, you keep asking the same question similar to your best bud's dumb assed questions. I would think a financial guru would know how to value a company but they 'guru' would be a big stretch based on your TRTC positions in 2014 when the company had no assets.
Most TRTC sold in March but still keep a few thousand for a placeholder but they were purchased in the low .50's
CASH IS KING is playing out and I'll continue to bet on stupid US policies to continue and stay mostly in CASH besides a couple of trades, AMD and Hecla.
TRTC could still be a trade, just depends on how long the country is riding the short bus. Who knows with Apple and Tesla hamstrung by stupid policies they could be the best play of the decade when this national brain fart plays out.
Watching the Canadian MJ companies tanking while reading the BS from our fleas is hilarious. What idiot thinks this is a TRTC or DP problem? It's obviously an industry problem.
Meanwhile, after insulting our closest friend he doubles down on tariffs.
Great time to be in CASH. Look at the bargains! Wait it will get worse.
1. 46 million dollars in physical assets.
2. 5 million dollars in cash
3. Retail operations in California, Nevada and New Jersey.
Still open for business despite the F'd up government.
About the same positive things any business has going for it. Derek's problem is he bet the farm on federal legalization in some form and he was wrong. It's not coming until sanity is restored in the USA and based on half the country that could be years away.
50/50 a recession comes first and then all the companies in and out of the MJ industry that have large debt loads will face possible failure.
What a laugh. Assuming you can read a 10q the revenue sources are documented and you can do your own search. Beyond that I really do not give a F if you nitwits invest in any stocks. In fact, it's a really bad idea for the time being to be in the market at all, for the time being, IMHO.
What I wonder is why are you even bothering with a stock you apparently hate when it's already at it's bottom and has real chances of running out of ideas and money at some point?
GITALIFE
Cannabis stocks fall in step with broader market as latest earnings fail to impress.
https://www.marketwatch.com/story/cannabis-stocks-fall-with-broader-market-as-latest-earnings-fail-to-impress-2019-05-29
Your 'never - always' approach is really boring. Try not looking like a bot, at least mix in some truth now and then. TRTC is having the same issues the broader market is having. The orange dude and his minion are the worst this country has seen since Hoover for the country as a whole and markets specifically.
Shrill and incoherent - sounds like a spawn of LPR.
In My Honest Opinion - CASH IS KING - ONCE AGAIN.
TRTC's in the .60's because the plant was anticipated to have been legal in 2018 or 2019. The entire industry is down and several well known MJ companies in the US and Canada are reporting less than favorable quarters while still awash in debt. TRTC's issues are not the exception as our fleas seem to believe but the rule.
Add to that a 'stable genius' who thinks tariffs are paid by the exporters instead of the customers of the importers , unpaid for tax cuts, dwindling tax revenues, soaring deficits, stagnant wages, an under educated electorate and we have a perfect storm that according to the inverted yield with our bonds should help the voters who brought this about to lose what little they have amassed after the 2008 financial disaster.
2008 was a great time to make some money if you had some money. Paying pennies on the dollar for new houses, buying stock at record lows in 2009 - heck of a great time to be liquid and it's coming again to a theater near you.
If one looks at the effects of inept leadership at the FDA on the PPS of CBD stocks and transfers that result to MJ legalization then even TRTC at .60's is not a buy. Like I said CASH IS KING. There is not one stock worth buying right now and even if the plant was legal tomorrow the current state of the government would mean the effect of legalization would be an unpredictable mess because we no longer have a firm line marking the bounds between federal and state responsibilities. As is easily seen in the CBD market and the on going fiasco that is not even close to being solved.
Even if the courts can stop the improper use of tariffs and the orange stain is removed, the cabinet positions will still be filled with ineffectual idiots and the legalization of MJ will not be a smooth process but a herky jerky process covering months or possibly years and most likely guided by corporate interests.
Senate Democratic Leader Chuck Schumer (D-NY) and House Democratic Chairman Hakeem Jeffries (NY-08) announced plans to reintroduce legislation that would decriminalize marijuana at the federal level.
https://www.marijuanaandthelaw.com/senator-schumer-representative-jeffries-reintroduce-marijuana-freedom-opportunity-act/
Nope, this is our dear leader's stupid tariffs.
Good prices on just about every stock today but may be even better as the US government melts down into a pool of orange goo. Bond yields inverted, and manufacturing getting killed by completely insane tariffs. Good job nutcakes!!!!
Big MJ/CBD news coming if the shorts are an indication. TRTC not much short action but look at the Canadian MJ companies - they are getting hammered. Even the one's reporting great earnings are struggling.
STEM graduates do quite well in California. Mediocrity has consequences.
Could be harder than I thought. But then one thing TRTC does well and all the time is surprises - good and bad.
Tautological.
Bond rates inverted and US trade effecting global trade. The ORANGE effect is in effect and stocks will not do well. Even stocks like AMD that just announced great news are down today.
Loose lips may sink ships but dumb assed lying lips sink markets.
Ignores illegal at the federal level. But who would think you would think?
TRTC moving to improve margins, increase revenues and stop dilution.
This needs to be seen by the investors as a trend by the end of the 3rd quarter.
Legalization is moving slowly but surely and it could still happen in a NY minute or it could be slowed by a do nothing Senate.
When MJ is legal it will become the preeminent vice in the USA and we will seen huge revenues.
Vices and cheap entertainment always perform great in recessions.
Inverted bond yield curve says recession coming in 2020 unless Fed acts.
Could be a perfect storm if it all comes to pass.
Hello .6's - Almost time.
Can not seem to find the SEC filings on insider trading that supports your constant claim of insider trading.