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Here comes the end-of-day cash collectors, thank you for buying our IOUs.
And with a nice TRTC kool-aid to wash it all down, including that bitter taste of dilution.
You are forgetting one thing. Enterprises like Starbuck, Apple, and Amazon were started by people with tremendous drive and motivation. They can work days and nights without sleep.
These entrepreneurs know the value of money and didn't ever take it for granted.
TRTC, on the other hand, is at opposite end of this spectrum. Getting money is too easy for them. IVXX product line has been stagnant for years. Where did that 55 mil go?
Personal computers is patentable HIGH tech, MJ is LOW tech. Anyone can grow weeds. Apples and oranges.
The only thing TRTC excels is IPO and sell shares. Able to use public market to finance their non-innovative products and services.
Yep, new unsuspecting investors lining up for the hottest TRTC shares, few days later, a 30% haircut and these same investors become future bagholders.
Exactly how 1.4 went to 0.08...
Cash went to a few, while shares distributed to many.
Ever wonder how the rich becomes richer? and they account for only 1 percent of population?
TRTC is the party pooper. Need money maintaining their high lifestyle.
Spending money way too fast.
With more mouths to feed, TRTC will be teetering on bankruptcy with any wrong move.
TRTC/EG's grand vision was to subcontract out grow to local farmers and also make them the local distributor to carry the EG brand.
Look at what happened in last two years?
Not only no new farm signed up, the NBPlants farm became the sole distributor for the entire eastern seaboard !?!?
IT IS NO LONGER LOCAL and SELDOM FRESH.
Again, they did just enough to sell shares... wake up bagholders!!!
The question is has any of the insiders been liquidating shares behind shareholders back?
We know Nahass has done that and got his brokerage license suspended.
http://www.stocklaw.com/Securities-Fraud-Blog/2016/January/Michael-Nahass-Fined-Suspended-for-Undisclosed-O.aspx
But how about Kauffman, could he been liquidating common shares? He owns lots shares. That we know.
I have little trust in TRTC's management, and there is no right way to value a share-selling scam.
Going to be a November for those TRTC scammers to remember all the unsuspecting shareholders by.
Mother of all dilution is coming...
Not with insider enrichment thrown in. No.
That was how TRTC went from 1.4 to 0.08. Shareholders got smacked by BMAK... now it is INTL's turn. Watch out below...
BMA Security (BMAK) is best known for their close association with toxic financiers like Magna Group, Fairhills capital, Asher Enterprise, and others.
BlumOak is losing money per quarter... which means cash on hand at the end of day is ZERO. Why need security guarding an empty safe.
Money is in a private account of the insiders.
Oh, right, they need armored transport to move TRTC shareholders money and from meager sales to their private account... got it.
BlumOak doesn't make that much money to justify paying 500,000 for security. FYI, they are still losing money each quarter.
Many other cash-flow positive dispensaries to rob.
Made no mistake... By Edible Garden, they are referring to 90% NBPlants and 10% TRTC. And TRTC doesn't own the greenhouse. All it has is a 10% profit sharing contract with NBPlants per sale ... minus the land lease.
They are ... for insider's businesses. Just look at how much money the security service company is making from TRTC shareholders.
Clearly a scam. All the dilution for finally coming up with a STRATEGY?
You can start many dispensaries in CO, WA, OR with that money and start bringing in profits already.
Wake up bagholders.
Looks like we have a case of Bent Pyramid here...
https://en.wikipedia.org/wiki/Bent_Pyramid
Midway through the project had to change direction otherwise it will collapse.
Hope our Pharaoh Snafu doesn't continue dumping shares.
Shareholders can't afford another design mistake like this one.
Only a scam would continue posting pictures from NBPlant's farm and pretending they own it and keep pumping its potential of cultivating MJ while NJ already declare its position of not needing any more cultivators.
... And worst of all, VV brothers take turns dumping TRTC shares.
To sucker in more bagholders, it has to be a steady decline. These scammers know what they are doing.
And most active... together... most active loser on marijuanaindex. Not good.
You want grandiose? Look at those pretty pictures of growblox, tissueblox, and cureblox. What a grand vision realized by first class computer graphic software.
I bet none of those are in production and even exist.
Who makes the most money gets to decide that.
wipe off the kool-aid at the corner of your mouth. You look like a vampire seeking unsuspecting investors' money/blood.
Paiutes tribe bets their livelihood on the grow facility. When your livelihood is on the line, you do things faster and more efficiently.
Hope GBLX doesn't get scalped by the Indians and unable to grow any weed/hair ever again.
getSava.com... business is brisk and money rolling in, TRTC can only watch while its slice of pie is getting smaller.
Don't aim for the stars, aim for the nearest target first, bring in revenue immediately and use that revenue for continuous and incremental improvement later.
Host other companies' grow like data hosting services and charge them for the service by the hours. This way, they are less vulnerable to MJ price fluctuation.
A year without any revenue is ridiculous. Any mom and pop shop can bring in revenue within 3 month time even with small grow space.
The future of MJ business is online ordering with next day delivery. Comparing to dispensaries, it costs much less and requires minimum footprint with maximum coverage and excellent ROI.
People need privacy when buying MJ. Being spotted in dispensary may get them fired.
TRTC made strategical mistakes by buying and setting up multiple dispensaries. They are money pits and most likely will never be profitable.
On the other hand, it might not be a mistake if their intention is to enrich insiders.
Weepmap-TRTC merger will never happen simply because at this stage of industry development there is no way to properly value a MJ business.
What if they ask for unreasonable terms? How do you know they worth that much or that little?
TRTC, an insider enrichment scam, will only secretly finance insiders' extracurricular businesses and later acquire it with more preferred shares, since they all agree on how much TRTC's preferred shares' worth because they are in total control of it.
Nevada's Paiute tribe is building the largest grow facility in the US. They broke ground on Feb 29th and scheduled to be online the end of year.
GBLX has been building the Teco facility for almost a year now. Where is the revenue?
Better hurry up before competitions drive down MJ price like what's happening in CO.
http://www.charlogreene.com/featured/inside-the-company-helping-native-americans-grow-cannabis/
If the house doesn't even bet on itself with their free shares, it's time to bail.
How much $$ do they need short term? for the cultivation site build-out before license expires.
Last quarter, their cash on hand is ~1 Mil.
It all depends on how much they need and how quickly.
Obviously their dispensary and IVXX are not making enough money even for paying their own salaries and outside contractors' (insiders) services.
Approval of share increase doesn't mean they will dilute immediately. Shares will be sold off following a daily quota. With no buy volume, it will dip drastically.
Ironically, the more a share-selling scam a company is, the more it spends on promoting its stock. Either by hiring pink sheet promoters on wall street or ad agencies using social media.
Similarly, only bad restaurants put out ads and issue groupons.
It is you pumpers against company management and their shameless dilution. Who is going to win? Place your bet..... NOT.
I was in under a dime also in 2014.
TRTC took us for a ride, from under a dime to 1.4 and back to under a dime.
(I did took profit somewhere in between.)
Which company stock would go back to where it started when there is continuing improvement?
Shameless dilution is the only probable answer.
55Mil later, same story, continuing dilution without net profit.
Be careful holding.
Treating common shareholders like used diapers to dump on, TRTC should be treated the same way by traders. There is no love in this dog eats dog world.
since mostly everyone bought in 2015
When a company's management are all crooked, it takes a crooked neck to see straight !!!
Well said.
TRTC will never make more money from selling MJ than from selling shares. And this is how insider enrichment scam works. Everything they did is for show followed by relentless dumps.
TRTC alone put out more PR than all the other MJ companies combined. Just count the number of articles DP's quotes appear in. Shut up already and make investors real money!
They already spent 55 mil and I didn't see them acquiring any legal dispensary in CO, WA, or OR, Which could have made them profitable a year ago.