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Hahahahahahaha. They pick the questions beforehand, as approved by Peterson himself. They would never in a million years answer the questions that real investors need answered.
JMO,
SSC
Oh, you mean a brother-in-bankruptcy? Peterson loves to surround himself with others that have either filed bankruptcy personally, or via their business- eh?
JMO,
SSC
No, it’s like saying you won’t buy the ice cream shop because you’ll never see a return on your investment.
You want to know how you COULD see a return? Convertible notes.
SSC
A couple things:
1.) I enjoy open, free, and insightful discussion. I’m not here just to trade TRTC, I enjoy hearing many sides of the story. I’d love to be proven wrong via civilized discussion, but instead I just get random name calling and attempted personal attacks from anyone who disagrees with my point of view. It reminds me of the Westboro Baptist Church.
2.) I thought you put me on ignore already due to me having a different viewpoint than you? I’m glad you didn’t though, as that is what leads one to live in their own bubble.
3.) I still own a laughable amount of shares (53,700 to be exact) which I trade off and on depending on the ridiculous pumps and volume waves that are quite predictable here. Ultimately it’s in my best interest to know the ongoing of this company in case it ever becomes a good time to get back in heavily. There is zero proof that now is the time, and in fact, more proof of the opposite.
4.) As I’ve said thousands of times, I’m always transparent, and anyone in their right mind knows that my posts have little effect on the share price. Anyone that has even slight knowledge of investing knows that the price here is dictated by the toxic financiers, hundreds of thousands of gifted shares, and convertible notes.
5.) None is this changes the fact that IMO, Derek is robbing shareholders blind through dilution, all the while cashing in hundreds of thousands of dollars in gifted shares while shareholders defend him with outright lies. For example, you recently mentioned that the officers don’t take a salary, which is wholly untrue and has been for years.
JMO,
SSC
I didn’t realize you have access to my financials. You’d be disappointingly surprised that it does not fit your agenda. I have plenty of cash, thanks to investing in real growth.
Best,
SSC
I live in San Diego as well. There is no justification for buying a 3.4 million dollar home in laguna for two people without children. It’s greed, period. He used YOUR money to buy that house. Don’t you wish he left just a fraction of that money in the company? Instead, he continues to gift shares and let it bleed. Big board stocks wouldn’t get away with this madness in a million years. Only on the OTC.
JMO,
SSC
No way, you can buy all you want. I’m not trying to get anyone to buy or sell based on my posts. I’m not a financial advisor.
I just enjoy the ability to share knowledge over the internet. I’ve always been a fan of free, educated and civil communication with peers to see through the smog of a company holding up blinders. I want everyone to succeed. The CEO of a company toxic financing shouldn’t be buying a multi million dollar home with shareholders money.
JMO,
SSC
Haha, remember when you used to refuse to listen to us? It’s very hard if not impossible for a shareholder to see the light. No one wants to know that they’ve been fooled.
JMO,
SSC
That is not true, they have taken salaries for years. Since 2015 I believe. Read the fins.
SSC
I never claimed he wasn’t robbing shareholders blind illegally. He’s doing it within the law, but that doesn’t make it any better. I can’t help but feel as if you’re new to investing. This isn’t how a good investment works. I can also only assume that you have no idea how to read 10-Q/K’s, because if you could, you’d be agreeing with me. This isn’t about calling DP names, it’s about calling him out for robbing shareholders of capital so he can spend it on his own desires.
SSC
What? That... doesn’t have anything to do with this.
SSC
100000000%. It’s a shame that others don’t see this for the robbery that it is. Literally taking money out of your pocket and placing it in Derek’s. I can’t believe someone hasn’t found where his million dollar condo is and started a picket. What a damn thief.
JMO,
SSC
TRTC will never be profitable. They will increase SG&A proportionately to continue the carrot on a stick mentality. Meanwhile, Derek’s salary and take home from stock incentives has increased year over year to an astronomical amount.
JMO,
SSC
IVXX was sold? To whom? Missed that ...
IVXX just seemed like a talking point for pumping. I found it in stores when it first came out. Haven’t seen it at a single dispensary since...
SSC
Things add up. It’s a personal piggy bank for these people.
JMO,
SSC
Sorry, I remembered incorrectly. It was Michael James (TRTC CFO) that is a shared director with NRTI.
SSC
You’re correct, I was confusing him with Michael James. Either way, they’re sharing officers with a greysheet .0001.
SSC
Mike Nahass was a director for NRTI, sitting at .0001 on the greys right now. Never gave a peep to their investors, left them totally high and dry. That tells me all I need to know.
JMO,
SSC
No.
SSC
I appreciate your analytical thought. It’s a nice change as opposed to the blind cult followers. It is this sort of thinking and fact based knowledge that will help everyone on the board.
I have a significant amount of money on the sidelines waiting for proof that Derek isn’t lining his friends pockets.
Let’s all hope.
Waiting patiently,
SSC
Okay? Where is the part that says they’ll stop doing what they already do on a daily basis? Where’s the part that talks about them stopping the dilution after an RS? Oh... right, there is zero proof that it will end.
SSC
Lmao- OF COURSE they would continue to dilute after an R/S. Why on earth would they stop? An RS changes nothing in regards to managements execution and insider enrichment.
JMO,
SSC
That is not true. I own 20,800 shares at the moment. You are right that I’ve owned much more prior- It’s child’s play for me. If the 10-Q is worth a damn I’ll buy more, but certainly not before then outside of small swing trades.
Always transparent,
SSC
I never said that at all. I’m not sure where you got that.
SSC
I certainly know the difference- I live in California. That still doesn’t change the fact that SG&A are historically astronomical. As I mentioned before, we can continue this conversation at the next 10-Q.
SSC
Okay? Historically 1million dollars of revenue costs TRTC 1.4million to make. What’s your point? My point is that this is a terrible investment based on the execution of business and financials.
SSC
Because this is fun. Also, it’s super easy for me to see TRTCs trading patterns after being here for 4+ years. I’ve made a ton of money by being both long and short at times - but always transparent. Always honest.
SSC
You can’t possibly believe that rhetoric, can you?
SSC
“Next quarter.”
I only deal in fins. Show me a 10-K/Q and my tone will change. I have no shame in standing behind facts.
Are you saying revenue will exceed expenses? I’ll take that bet - I disagree wholeheartedly. There will always be “a reason” as to why SG&A exceeds revenue: “Next quarter”.
As long as Derek and friends can Svengali the early OTC investors, they’ll continue this carrot on a stick game. Once that gig is up and public sentiment changes, there will be an R/S to wipe their hands clean and possibly make something real. It’s a shame because this is literally OTC 101, but folks refuse to listen to anyone except their fearless leader: Derek Peterson.
JMO,
SSC
Smh... novice investors drive me insane.
I’m sorry, but this is simply not how legitimate companies conduct business. This is not a typical “spend money to make money situation.” Peterson has truly brainwashed folks on this board and it’s mind blowing. The shares are almost maxed out and they can’t make a dime. Every single operation to date has ran at a loss. I’d ask you to prove otherwise, but I know you can’t - the fins are public, and I’ve already read them.
JMO,
SSC
TRTC spending more money that they don’t have...
Luckily they have shares to sell.
SSC
I know this is a personal and unpopular opinion, but I have zero reason to believe that anyone inside TRTC will decide to pick up a moral compass. I certainly wish they would, but I can’t take a bet on losing odds.
JMO,
SSC
Because of the ridiculous proxy process the vote will not even be close. The insiders contain all of the power with their large number of shares. There is no hope here.
SSC
Death spiral financing is not a rare thing in the investment world. This isn’t a random wiki article on the dark web.. we’re talking about a known strategy used by OTC stocks. Take the definition from whatever source you’d like- but death spiral financing is very real.
SSC
No, I definitely did not say that. That is not what defines death spiral financing. You should read the wiki.
Cheers,
SSC
Your arguments do not refute death spiral financing. In addition, your last point is irrelevant as NOTHING stops the insiders from gifting themselves more shares, aside from the A/S cap. But even that, as we all know from death spiral financing that we’ve seen hundreds of times before, that is a soft cap due to reverse splits and/or an increase in A/S.
JMO,
SSC
He also doesn't realize that is a violation of SEC rules. Remember Amy doing this on "accident"?
http://www.hotstocked.com/article/83522/terra-tech-corp-otcmkts-trtc-thunders-down-on.html
SSC
That is not legal. This is the exact reason that Amy, the CEO's wife, was fined in ~2014 by the SEC.
SSC
LOL- the form 4's never end!
SSC
That may be so, but for those with TRTC-based-PTSD, it's a terrible name to bring back up.
Then again, by now investors left here don't remember the NRTI-TRTC scam.
JMO,
SSC