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I agree. I'm long now until at least .30. We all know it will ratchet up over the next few months.
What's your prediction on PPS once Nevada and California open rec?
Garbage article. I wouldn't worry about it. IVXX brand name is genius.
So long .17's tomorrow the .18's will be done
Yikes...what a huge drop! Are they going bankrupt?
Even the bears know this will make a run towards .30 in the short term. I invest with sentiment and right now the sentiment is screaming BUY!! Not sure if this is a 10 year hold but it's definitely a 30 day hold
Ok. Don't invest then. Simple as that.
Do your homework. .18's are gone today. You're either in or you're out
People realizing they can invest in the MJ market.
Sounds like there could be a lot of new buyers this week in the ramp up to July 1st. I'm sure Terra Tech will also be announcing the daily record sales at each dispensary. We'll break 30 cents easily this week.
Yep and also knowing the federal government could spoil the party in a heartbeat. This administration is unpredictable after all
Pot friendly AirBnB rentals and the recreational marijuana market are a great match
Day 1 of climbing the wall of worry. More positive days to come
Are you short, long or just a daily spectator?
When is the next round of dilution? Also, what is all that goodwill on the balance sheet and why is it almost 75% of assets?
Is anybody else surprised that we broke through .17 finally? I'm not. Perhaps some of the bears will invest because you know they don't want to miss out on the moves this stock is going to make this summer
All of the bears here are actively invested in many other OTC stocks aka P&D's trading on the OTC. They should not throw stones whilst living in a glass house
Yikes...this has dropped a lot. I predict bankruptcy in less than 12 months
You sure you don't follow too closely? Lol
Something just exploded in my pants
If they are smoking too much product at least hope it's Terra Tech product to help the bottom line. I agree. Just make sure for every tweet somebody puts out that they just bought some weed at a Blum dispensary that you let them know they can invest in TRTC too...lol
There are some very loyal bears on this board. Are you telling me anybody is crazy enough to short a stock at these levels?
Predictions. If say tomorrow the federal government decided that marijuana would become a Schedule 2 substance...what price do you think Terra Tech would jump to?
These same people will also be like "WHAT?! I can invest in this company too?" Back to .50 cents we go!
Exactly. Buy now before the market realizes what the heck is going on.
Nope. Not happening. Get in today or you'll miss the jump!
I just finished accumulating 1 million shares. I see green in the future
Up 19% so far today...news pending?
I see the bubble has burst on this P&D. Waiting for the next wave of hopeful investors playing with their lemonade stand savings
Insiders buying at these levels also has me buying. I sold when Aphria initially sold but now I'm a buyer with the recent insider activity. This is an easy double in the next 6-12 months.
They sold because they need food for their families on their yachts. They run a cash business and somehow the feds are able to force them to sell shares because their bank accounts become frozen. Lol
Invest is something else. If you're up take your money and run. This only moves on a pump and then fades away. This "company" will disappear in a year
Yikes...big drop today in a hot trading day. Glad I sold at .19
Commercial leases are structured very differently than residential. I should know...I deal with commercial real estate.
DP (last earnings call): "Our auditors essentially concluded that even in this uncertain environment, we have the current resources to support our operations as well as the growth plan over the next year. For our shareholders, this means that we have built a solid self-sustaining base for future growth"
MJ (last earnings call): "Revenue guidance for the full year 2017 is $38 million to $40 million. The predicted increase in year-over-year revenue is expected to be driven largely by the sales of the company dispensaries in California and Nevada as well as continued growth of the IVXX brand throughout the California and Nevada markets."
DP (last earnings call): "Our Reno dispensary is a true 50-50 partnership. We get a 100% of the revenue we are 50% essentially of the profits to our partner up there. The other locations according to the operating agreements we basically have the right to a 100% of the revenue and 100% of the profits as the majority interest holder of those subsidiaries, we have a right to buy out the membership interest of the other holders at a value associated with our capital accounts. And that being said, I guess that’s something that we’re going to be executed, I think on over the next quarter or two just to clean up the accounting associated with that.
We've grown this company from a handful of employees to about 200 from $0.5 million of revenue in 2012 up to over $25 million last year and we’re really excited about our future. It’s not going to be easy, but we said to everybody we’re in this for the long haul, but we are finally feeling some tailwinds in the industry that we haven't felt in the past, regardless of the kind of federal government issues from an operational standpoint."
Terra Tech delivered! The continue to grow the top line and have said the bottom line growth won't be anytime soon. Just like Amazon in the early days except Amazon wasn't dealing with banned substances at the federal level. Can't wait for July 1st! Imagine the growth in the 2nd half of the year!!
Tell me about it. Take a look at the mining and gas exploration companies in North America. If they can manage to stay afloat with higher losses and still maintain 100's of millions in marketcap, Terra Tech looks like they're just scratching the surface. Like I said before, take a look at the first 5 years of Amazon reported financials. You'll feel better about Terra Tech if you do...lol
From a Seeking Alpha poster:
Bills currently working their way through US Congress:
HR 715 Reclassification of marijuana and cannabinoids
HR 975 Respect state marijuana laws
HR 1227 Marijuana off Sched I – End Prohibition
HR 1823 Amend IRS to tax Cannabis
HR 1841 Regulate Marijuana Like Alcohol
S 776 Taxation and Regulation of Marijuana Products
Most of these have bi-partisan sponsorship. I believe if they make it through the legislative process the president will sign as he has been a proponent of allowing individual states to decide on things. Then Sessions will have to shut the heck up!
Polls taken this week in the US show 61% adults support use of marijuana (CBS) and 91% support medical use (Quinnipiac) so any politician in their right mind should stop hiding behind antiquated rhetoric and educate themselves before acting on the above measures.
People need to understand and remember that marijuana is still Schedule 1 and the headwinds currently faced in CA and NV. Once these walls are down, not to mention when recreational is a reality, revenues will grow exponentially and profitability will eventually be there. The key is that Terra Tech is focused on positioning itself to be #1 in the largest markets in the US.
DP is achieving his growth objectives and growing the top line which he said he would do. He also said it would be a while before they are profitable. I don't understand why people continue to scratch their heads every time a report is released . I would say you have something to complain about if revenue was shrinking but it continues to grow.
Here are the FACTS:
1) DP never said he was going to be profitable this year. They are in growth mode. All of the Canadian LP's are not profitable as well.
2) Recreational isn't a reality yet and we all know this.
3) California is non-profit and soon to change
All I know is I'm not here to complain. I'm here to make money.