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Four years later, almost all investors lost money (look at the chart), while CEO moved into a 3.4 million beach front mansion.
Please, spare the naïve and unsuspecting, invest in TRTC at your own peril. Don't encourage others to jump thru the window with you.
Nothing to be puzzled over.
With skull and bone in place, small pink sheet brokers do not even mention ARYC to their clients. That is a lot of rich individuals with disposable income.
The bloody truth is running a flower and vegetable grow op to profitability is hard. Competition is fierce and market little. Even with 3 generation of VV family, they are not going to become filthy rich any time soon.
The only way to become rich quick without any ACCOUNTABILITY, is thru the financing mechanism called public market. All they need to do is sell the public a good story.
The relationship between TRTC and NBPlants is born out of this get rich quick scheme. NBPlants give TRTC the claiming right of their green house without paying actual cost... in return, TRTC provide the financing mechanism in the form of free shares on demand.
Anyone bought into their story is a victim here.
93 millions accumulated deficit in 4 years without any profit proves my point.
It belongs to NBPlants not TRTC. One of the owner sits on TRTC's board with millions of free shares. And TRTC pays NBPlants monthly lease and get 10% from each sale....
Once it starts growing MJ, I am sure they will work out a deal so that shareholders will pay more than what it can make for TRTC ... like EG.
And the First holiday greeting from TRTC is a FORM 4 from Michael James.
Welcome to the scam nation.
Insiders' friends & relatives are buying?
Like sitting on pinned cushion, I understand the pain of TRTC shareholders...Been thru the worse drop from 1.4 to 0.08 over a period of one year.
Sudden unexplained drops like this is what this scam is all about.
Enjoy holding bags much?
TRTC doesn't run the dispensaries, the consultant does... which include staffing, training, interior design, etc.
TRTC does FINANCING via PUBLIC Market only. Clearly, they don't micro-manage their consultants and your suggestions will always fall to deaf ears.
Herein lies the problem. for that to happen, it needs a crowd of novice, unsuspecting, first-time investors to lose money... sheep to slaughter.
Without a competent company to float all boats, investors and traders cannibalize each others (pies already run out, eaten by greedy insiders) ... often at the expense of inexperienced participants.
Three month long down trend, and a few minute pop get some here all excited?
No wonder insiders got away with this enrichment scam. Shareholders beginning to enjoy a little bit of free time between long abuse sessions.
End of year party train of form 4s will appear any moment now.
Share holders have to step up, banks do not provide loans for MJ company to hold company-wide holiday celebration.
With 7 employees and products are made to order with no backlog, where does the huge loss come from? please enlighten us.
Seed to sale? The only seeds they (NBPlants?) are sowing in large scale are vegetable and flower seeds.... after 4 years of claims of seed to sale.
Oh, I forgot about that TINY backroom grow at blum Oakland.. sorry.
Tom Shih is in Sale and Marketing department. People in Abnova most likely made the purchase is in R&D (reverse engineering?)
Probably want to pursue this in a different way... contact their research facility? or researchers directly? email in publication?
Greed can easily snowball to an uncontrollable proportion.
From the top down, starting with CEO's 3.4 million beach house purchase, soon to be followed by increasing pay to all employees and consultants.
If they don't make money fast enough to pay themselves, this thing can easily go down to pennies... and sub pennies
TRTC is going to follow NRTI to sub pennies, all dilution driven tickers follow the same fate. If they cannot find way to finance future growth via their own profit. Death by thousand cuts... slow and painful.
Selling shares remains the most lucrative business of TRTC.
Selling any other commodity led to heavy losses.
They sold more than 10 million worth of shares to report 10 million of revenue with a net loss of 7.8 mil.
How is this not a scam?
I will change my opinion the day they make more money than shares sold plus money spent on operation.
Loss from Operations
EG
(1,750,288)
Blum
(4,150,586)
Elimination and others
(8,552,449)
Total Loss
(14,453,323)
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP.
$(7,792,933)
Loss of Shareholder value in terms of PPS percentage drop tomorrow:
10 -20%
LOSS, LOSS, LOSS....
Not emotionally involved, it is just all business to me... to take away their illegitimate business.
Time to wean them from common shareholders' easy money and force them to grow on their own profit.
Real business is built form conquering incredible hardship not from a 3.4 Mil beach house paid by shareholders.
To insiders, taking your money is just business.
To shareholders, it is all personal.
Our particular skill, unfortunately learned from past experience with TRTC, is to prevent misguided investors from becoming new suckers.
It's a bad thing when that 3.4 Million beach house account for part of the loss. Let's see how they work that into SG&A.
Like I said, to verify, pose as ArrayIt post-sale support and call the customer direct.
It takes a little white lie to expose BS.
Show me the proof. I've been here since 2013.
They said EG/NBplants was building a greenhouse, but never mentioned who paid for it. Who is paying for the utility? and the daily operation since then?
Do you see that expense in TRTC's earning reports?
Don't think so. The business dealing between TRTC and NBPlants is ambiguous at best. Not a single PR in the past said TRTC built that green house using their own money and I don't think they had money to build that greenhouse during 2013-2014 anyway.
The only fact is that EG takes 10% from each sale.
Sorry to disappoint you. They don't own that green house, NBPlants does.
https://nbplants.com/
TRTC is merely a public entity for financing a bunch debt-ridden private companies by selling shares.
In case you don't know, SEC also charges and puts behind bars MJ-related microcap stock promoters.
Clearly, Kenneth is utterly disgusted by what a insider enrichment scam TRTC turns out to be ... and he didn't get any piece of the pie, just crumbs.
DP's 3.4 million house buy finally make him snapped and quit.
Clearly this ticker is infested with traders. The chart says it all. The trend is still down. Enjoy the bumpy slide to single digit.
TRTC is the darling of MJ stock traders.
What we're seeing here is the beginning of traders cannibalizing each other. Hypes from existing traders attract new traders, until the eventual mass exodus of everyone and price collapses in an instant.
Seen it happen here many times before.
Unfortunately, complains on message board will do nothing. You need to talk to their biggest customers and let them apply pressure to the management.
We'll not buy your stuff if you don't go current.
Why would cost goes way down?
I'd say it goes way high, let's see who is right.
Now that DP got himself a 3.4 mil beach front house, don't expect him to get out too much. Say bye bye to sales.
Next thing on the list, 1.4 mil wardrobe and $200 a haircut....
They are not working hard, the contractors they hired are, and they are on hourly wages.
TRTC's work is to sit on the computer and sell shares... how hard is that?
Between that, free travel to different conferences to showboat what TRTC's contractors can do.
Looks like the trigger for multi-millon buys is to sell one share at 0.000001.
You mean impediment to recruit more suckers to voluntarily donate to this charity for the incompetent?
TRTC should look for more toxic financiers or partners like nuLeaf and lower their conversion rate, not more bagholders.
The difference between Apple and ARYC is AAPL has extensive product tracking system from off the manufacturing line to the customer. It is extremely easy to do tax for.
Without this automated product tracking and relies solely on paper trail, RRBB has a heck of job doing audit.
PR on a planed joint venture?
WTF, can't wait until joint venture is complete?
Why not buy your own stocks to raise PPS instead?
Basically, GBLX is hosting their GrowOp.
So far, two customers including Kush Cups.
If they charge them a premium, they may lose customers to other GrowOps.
Plenty of other GrowOps in the LV area. Remember Paiute tribe and their TAX-Free advantage?
Among all MJ companies, the only one that truly work for it from scratch without resorting to hot air and selling shares is amfe.
TRTC insider should be ashamed comparing to their three year chart.
I don't own either and merely providing an objective view.
Don't be confused.
It is living in a big house while the chart on the right is returning to 52 week low. It is the combination of both that common shareholders cannot and should not tolerate.
Have you ever given your kids credit cards and they are now driving better cars than you do?