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Looking for a good scare for this Halloween?
Look nowhere but TRTC Q3 earning... it will scare the bejesus out of you.
record loss expected.
51Mil spent and still using toxic financing to dilute common shareholders.
Using a fake entity, Edible Garden, to allow NBPlants to dump TRTC shares, while paying them land lease for meager 10% return on each sale.
All businesses are still losing money.
What a mess.
Both mCig and Pauite tribe are building cultivation centers in Las Vegas. GBLX has a half year head start on them.
If any of them pull in revenue before GBLX does, GBLX needs to look into mirror and ask themselves: are we really competent enough to compete in this market or just wasting investors' money while chasing an unattainable high-tech MJ biopharmaceutical dream?
Unfortunately, TRTC's lack of cash makes them unable to innovate by acquisition... but to enrich insiders by giving out preferred shares to themselves.
Notice that they don't even have enough cash or simply unwilling to expand their manufacturing capacity by purchasing another extractor. Make me wonder if IVXX is truly a hot commodity or just another fluff to sell shares.
FB is the first to market at a time social media is emerging as the next big thing.
Google is innovative in its way of searching and indexing the web in near real-time - a patented technology that even IBM failed to compete.
TRTC? an MJ wannabe. no innovation and not first to market either.
Just take a look at DixieElixir, HarborSide, Bhang Chocolate. etc.
TRTC will disappear when competition heats up....
TRTC's most valuable asset is its stocks and its army of volunteering pumpers and paid MM for selling its stocks.
This creates liquidity for quick buy and sell with large vix almost daily.
As far as real MJ asset goes, it is nearly nothing... just fluffs.
EG belongs to NBPLants, each dispensary has to share 50% profit and losing money every quarter, BlumOak is TINY comparing to other dispensaries. ($7000 per sq ft... what a joke, why don't they just publish the annual income directly? not divided by sq ft.).
Self-Organized Criticality. Keep throwing mud at it, eventually a mudflow of large volume and travelling distance will occur.
If pile-on continues, it is frequently followed by many secondary events such as aftershocks and selloffs as in stock market.
The risk of participating in a pump and dump game to build PPS is that anyone that pull the sell trigger first makes the most money from a bigger pool of greater fools.
So, do you feel lucky today? who is going to pull the trigger next?
Cheap Shares distributed far and wide while cash went to a few individuals. That's how you make money in America today. No need for office job. All you need is to be persuasive and able to sell dead horses to greater fools.
A question to ask that can easily separate the experts from the amateurs is :
Is there any room for innovation in this space that can separate your products from others while not very easy to replicate?
Why go thru all the trouble actually growing when you can already make indecent amount money by selling shares promising you will eventually grow in NV.
Growing authorized shares count, rather, seems to be a priority for TRTC right now.
No one is manipulating but the company itself... TRTC has no asset for 133mil market valuation. (EG belongs to NBPlants, 50% of Blums belong to other entities, 9Mil loss first 2 quarters, 55+mil accumulated loss)
You are buying fluff ... that's all.
When it collapse, it'll be spectacular.
It took only 5 years for DixieElixir to set up their online ecommerce site with nearly 50 different products for sale.
Three years on, IVXX still has only a few products? Where did investors' money go?
Pump and Dumpers are the parasites of society... It makes money from the masses without providing actual products and services. It is the harbinger of ultimate economic collapse.
Even most pyramid scheme (multi-level marketing) such as AmWay are based on selling products... and better than P&D of shares.
Shareholders paid him to work at outside company and later acquired it for 50 Mil, mostly preferred shares to dilute pps further.
Dummies is to hold this long... and evil is to encourage others to buy.
You do know DP secretly worked at BlumOak while he is CEO of TRTC?
"Why is nobody talking about San Leandro dispensary license but us ?"
Not likely, obviously, they want the same or better deal as BlumOak... and that won't happen.
50Mil for holes on the wall and one shinning display case... oh and a small backroom grow and a extractor cost less than 200k.
Greed collided over how to split common shareholders' cash via preferred shares?
Like sheeps, common shareholders just run around the pan listening to them argue over which tasty part of you they get to keep.
Well, currently most public MJ companies are pigs.... so we are reduced to put lipstick on them and see which one looks most beautiful.
Real MJ companies are all private such as harborside, dixieelixir, bhang, getsava, etc.
Unfortunately, we are just 'observers' using harsh languages as weapons, while TRTC has share printing machines. They alone decide what your future is like. Not me or your.
And because TRTC lacks working capital, I say 1.0 in Oct/Nov is very unlikely.
Your mind or TRTC's one-track mind to dilute? which is the truth?
Probably need the ability to time travel also.
Truth is not wild speculation on the future. Truth can only be extrapolated from historical events.
Cash of many flow into fortune of a few. The disappearance of middle class and the end of world quickly ensue. The rich builds bunkers while the poor roams the earth as undead consuming each others.
This may all start with the prospectus filed by TRTC today...
Don't hold back, TRTC! keep dumping shares and grow like cancer where each cell is a money losing business.
Just when you think TRTC is going to run with the MJ pack to the blue sky... someone dumped 100k into bid and down to earth it goes.
Hope it turns out to be a good thing... TRTC needs to learn how to grow on its own profit and not from diluting shares.
TRTC investors will become millionaires only if insiders become billionaires first... not any time sooner.
Better start counting their fortune first before counting yours.
Someone is operating all Medifarms in NV and is not TRTC, and TRTC is paying them dearly for it.
TRTC outsources everything that require technical know-how that no one in-house has.
They are private secretary after all.
All the staffing, training, and security are provided by another company. TRTC doesn't know a thing about actually running a dispensary. They just sell shares to pay for everything.
You do know they give away another 50% of the remaining 50% to an outside company for running the dispensary right?
You do know they give away another 50% of the remaining 50% to an outside company for running the dispensary right?
A form 4 from director KRUEGER is yet to come...
Don't to shy... do it, everyone else did.
0.38 * 0.08 / 1.4 = 0.0217
Hope you are brave enough.
TRTC certainly hope you are.
INTL just taged BMAK... Here comes the luchador to knock longs to the floor.
Bid? a fake move followed by real punches.
With 2 millon shares dumped this year alone, clearly TRTC management disagree with you!!!
TRTC IS AN INVESTMENT NOT A TRADE..
EG is All NBPlants - a private company. TRTC signed a contract for 10% profit sharing on each plant sale. That was all.
Spin off? You need NBPlants' approval. It is their asset.
I do not approve any of the pumpers' message. This company was born out of bad intention (to sell shares). That very bad intention means TRTC won't be able to compete... now or in the future when other strong private MJ company emerge in public market.
Using public market to financing their bad ideas is a very bad idea.
I approve above message instead.
End of day cash collection tray is coming...
Thank you for your continued support.
Unfortunately, TRTC is not first to market and not in High Tech where few can do what they do. So it must innovate in products and service, which none TRTC was able to do and that's after they spent 55mil of other people's money.
Not to mention they steal other people's trademark (IVXX).
Not many startup spent 55mil and still unable to pull in net profit and relies solely on retail investors for future financing.
abandon the sinking ship and wean the over-dependent baby.