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Calm down chief... this is not the S&P 500... Very few 420 stocks or pinks are turning a profit (the reason why they are trading on the pinks to begin with)... Utilizing toxic financing techniques are the norm for micro emerging companies, especially in an industry where legitimate financing and loans are unavailable... Bottom line... expansion cost $$$... We are in the infancy stages of something very special, profits and revenue will come in time.
Unlike companies like $TRT* where insiders are scamming shareholders with gifted shares and diluting to line their own pockets, $MJNA is using their cash to broaden their business model.
$MJNA is very well positioned to capitalize on the projected multi billion dollar industry... There is plenty of the proverbial pie to go around once the Feds & banks work out the legal aspects of a currently illegal and unfinanceable industry.
On another note... buying ANY 420 stock for the fundamentals (especially a pinky) at this early stage of the game is a joke...
+14.56% on 3 mil shares @ 11:44am... what are you talking about??? Nice blocks going through since the open... Check your T & S again... I think you have $MJNA confused with another stock buddy...
Past few weeks were simply a dead cat bounce after plunging to a 52 week low, there is no bottom in place... Inexperienced investors jumping in because they think they are getting a bargain from an already overinflated pumped up PPS. At this point, buying into this con is speculation at best.
Massive losses coupled with dilution and scam artists pulling the proverbial strings should bring this POS back down to the .06 level... lets be honest, on paper the company is worth nothing and carries massive debt that they are hedging using stock and additional toxic financing tactics. Insiders over the past year have diluted the hell out of the PPS further cementing that this company is based around a huge scam. The ultimate goal is to get insiders rich through gifted shares, it's much more discrete than writing big bonus checks or taking massive salaries.
Mark my words... $TRTC has ZERO shot of EVER building out ANY type of profitable competitive infrastructure. They will NEVER have sufficient cash flow to reduce debt or expand. Empty promises and con artists running the show will ultimately be the demise of this scam. They will continue to print stock similar to the fed. $TRTC is in a hole they will NEVER dig out of!
Anyone challenging this post should do research on the past, present and murky uncertain future of this scam... You will find that I am SPOT ON!
Caveat emptor... $TRTC is one negative press release from being cut in half... IMO, its not a matter of if, its a matter of when...
Good luck!
Old alleged news buddy...
If you need me to update you on the facts, just ask... Project CBD is about to be squashed like a bug.
Don't hate the player... hate the game bro!
MJNA Moves Forward With Prosecuting Libel Claims Made Against the Company and Its Brands, Case Now in Discovery Phase.
Link below...
Medical Marijuana, Inc. Successfully Defeats Project CBD's Anti-SLAPP Motion and Motion to Reconsider in $100 Million False Claims Lawsuit
Here are some visual facts...
The chart I posted speaks volumes regarding the condition of the MJ industry. I took a general sample of a few of the better known names in order to compare performance over the past year. A few stragglers aside, these chart patterns are consistent thought the industry.
The decline has little to none to do with the state of $MJNA and everything to do with negative investor sentiment and loss of interest in the once "high-flying" MJ sector.
I've been trading the industry for many years, IMO we are due for an upside correction as most positions are significantly oversold. All of these stocks are moving together, nothing will break the bearish momentum unless we get the help of a major catalyst.
I must admit though, the steady bleed down over the past year and a half with just a few dead cat bounces along the way has been tough one to swallow for the entire sector.
It's a $TRTC BBQ!!!... The pig is getting roasted... .05 target is coming and might be too high!... Any positive movement in this scam is simply a small pump before the dump... copper will be here shortly...
The answer is that no one is buying... attribute the bearish price action to short covering and selling... other than a bounce here and there, the selling is only going to intensify IMO...
Those were the days... lol!!... $TRTC will see copper shortly, hoped you saved a "sack full of pennies"...
Single digits are imminent... the irreparable damage has been done... Insider selling, empty promises, deceit, no cash and scam artists running the company behind the scenes... the gloomy facts are irrefutable...
Very nice, thank you for posting the ruling Doc...
The information you provided is spot on!
I especially agree with the following snippet...
More like conjuring up his next scam... $TRTC is heading much lower, big money is keen on the shell game DP and crew are running... .05 coming soon...
WAKE UP PEOPLE, THERE IS NOTHING GOING ON EXCEPT EMPTY PROMISES AND LINING INSIDERS POCKETS WITH YOUR MONEY!!... $TRTC is toxic to itself and shareholders... burning cash they don't have is the least of their problems. Eerily similar to $PHO%, this company has scam written all over it.
Fluff PR so insiders can sell into any strength... a blind person can see what is going on here... You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.
The $TRTC scam is unraveling before our eyes people! .05 coming sooner than later...
Get out while you still can, copper coming soon... with all of the insider selling and toxic funding, .05-.06 cents is not out of the question.
Bottom line, this is just the beginning of a major price correction back to fair value... .05 or bust!
$TRTC is dead money!... The scam is unraveling before your eyes... Only going down from here. Propped up only to line managements and insiders pockets. TRTC has zero in the pipeline except lies to investors and deceit produced through fluff PR... Bottom line, this company has shell written all over it. TRTC exists solely for the purpose of a personal ATM machine for the people that are pulling the strings behind the scenes!
Caveat emptor... ten foot pole applies here!
Amy and crew have to fun their summer excursions some way... LOL!!!...
Nice prediction...(rolling eyes)!!!... I dig the play by play... A lot of $TRTC investors under water here holding the proverbial bag... The company is a complete scam that is run by a gang of thieves... Google the board members and how they used their stock as a personal ATM machine and who has their hands in the cookie jar... Contrary to exuberant and delusional opinions, the facts are the facts... It's only a matter of time until this shell meets a demise similar to $PHO%...
$.05 is COMING SOON!
I might buy there for the bounce to $.065
Finally some GREAT news!!... No doubt the AG JV was out of left field... This should give us some nice legs going into the spring... Short term, the chart is looking mighty tasty for a nice run!
#MEDT
The desperation to will #MJNA lower is getting very, very, very old... #MJNA has been solid as a rock since the beginning of the new year... If any of the stale chatter was legitimate and not already factored into the price, we would be sitting sub .01... It's only a matter of time before we leg up... The chart is looking prime for a move to the .20 level... The pros significantly outweigh the cons... #MJNA has a tremendous amount of irons in the fire, positive cash flow is right around the corner...
#MJNA... THE #1 play in their space... PERIOD!!!
Great day for a great stock!... Nice steady price action!...
Good times ahead for $GRNH boys and girls!...
Need buy side interest to generate volume... Lets face it... $TRTC is dead!!... smart $$$ wouldn't touch this scam with a ten foot pole... any green is simply an illusion to further dilute and bait people into their SCHEME...
Proof is in the numbers and recent filings...
This dilution scam may bounce here and there... In the end $TRTC is dead money and will continue to bleed red... Contrary to the over exuberant opinions and predictions... there are many higher quality plays with much greater potential and less risk...
Interested in lining insiders pockets & toxic financing???... If not, I would look elsewhere!... $TRTC has proven itself to be nothing more than a shell company created for insiders to acquire FREE SHARES and get rich off of uninformed investors...
$TRTC IS NOTHING MORE THAN A PUMP AND DUMP SHAM FOLKS!!... Nothing more to see here!!...
$TRTC has 2 full time employees as per filings (LOL!!!!!... OMG really?). Who is making the bulk of the 2.06 mil paid out to officers and employees. The company has yet to turn a profit but insiders are filling their pockets to the brim...
To add insult to injury... the greedy pigs sell FREE SHARES of GIFTED STOCK to ensure a very merry Christmas... This has "shell scam" written all over it!... The writing and facts are on the wall...
I am not making this stuff up... You don't have to take my word for it... do some DD, the truth will be relieved and save you from making a big mistake... getting involved with this SCAM...
While CEO Derek Peterson stated multiple times in the past that TRTC officers and executives were not getting cash compensations and needed a source of income, this is no longer the case. The company's latest quarterly lists $2.06 million dollars paid out to 'officers and employees, who now receive a salary' in addition to any stock-based compensation. Considering this figure, selling should not have been caused by any day-to-day needs.
Our independent auditor’s report for the fiscal years ended December 31, 2012 and December 31, 2013 is qualified as to our ability to continue as a going concern.
Due to the uncertainty of our ability to meet our current operating and capital expenses, in our audited annual financial statements as of and for the years ended December 31, 2012 and December 31, 2013, our independent auditors included a note to our financial statements regarding concerns about our ability to continue as a going concern. Recurring losses from operations raise substantial doubt about our ability to continue as a going concern. The presence of the going concern note to our financial statements may have an adverse impact on the relationships we are developing and plan to develop with third parties as we continue the commercialization of our products and could make it challenging and difficult for us to raise additional financing, all of which could have a material adverse impact on our business and prospects and result in a significant or complete loss of your investment.
We have incurred significant losses in prior periods, and losses in the future could cause the quoted price of our Common Stock to decline or have a material adverse effect on our financial condition, our ability to pay our debts as they become due and on our cash flows.
We have incurred significant losses in prior periods. For the fiscal quarter ended September 30, 2014, we incurred a net loss of $9,521,448 and, as of that date, we had an accumulated deficit of $33,830,332. We incurred net losses in fiscal years 2012 and 2013 of $6,148,350 and $5,836,369, respectively. Any losses in the future could cause the quoted price of our Common Stock to decline or have a material adverse effect on our financial condition, our ability to pay our debts as they become due and on our cash flows.
10
We will likely need additional capital to sustain our operations and will likely need to seek further financing, which we may not be able to obtain on acceptable terms or at all. If we fail to raise additional capital, as needed, our ability to implement our business model and strategy could be compromised.
We have limited capital resources and operations. To date, our operations have been funded entirely from the proceeds of debt and equity financings. We expect to require substantial additional capital in the near future to expand our product lines, develop our intellectual property base and establish our targeted levels of commercial production. We may not be able to obtain additional financing on terms acceptable to us, or at all.
Even if we obtain financing for our near-term operations, we expect that we will require additional capital thereafter. Our capital needs will depend on numerous factors including: (i) our profitability; (ii) the release of competitive products by our competition; (iii) the level of our investment in research and development; and (iv) the amount of our capital expenditures, including acquisitions. We cannot assure you that we will be able to obtain capital in the future to meet our needs.
If we raise additional funds through the issuance of equity or convertible debt securities, the percentage ownership held by our existing stockholders will be reduced and our stockholders may experience significant dilution. In addition, new securities may contain rights, preferences or privileges that are senior to those of our Common Stock. If we raise additional capital by incurring debt, this will result in increased interest expense. If we raise additional funds through the issuance of securities, market fluctuations in the price of our shares of Common Stock could limit our ability to obtain equity financing.
We cannot give you any assurance that any additional financing will be available to us, or if available, will be on terms favorable to us. If we are unable to raise capital when needed, our business, financial condition and results of operations would be materially adversely affected, and we could be forced to reduce or discontinue our operations.
We face intense competition and many of our competitors have greater resources that may enable them to compete more effectively.
The industries in which we operate in general are subject to intense and increasing competition. Some of our competitors may have greater capital resources, facilities and diversity of product lines, which may enable them to compete more effectively in this market. Our competitors may devote their resources to developing and marketing products that will directly compete with our product lines. For example, more established hydroponic growing equipment companies with much greater financial resources may be able to easily adapt their existing operations to the production of hydroponic growing equipment. Our competitors may also introduce new hydroponic growing equipment which could also increase competition and decrease demand for GrowOp Technology’s hydroponic growing equipment products.
Additionally, if demand for GrowOp Technology’s hydroponic growing equipment continues to increase, we expect many new competitors to enter the market as there are no significant barriers to hydroponic growing equipment production. Due to this competition, there is no assurance that we will not encounter difficulties in obtaining revenues and market share or in the positioning of our products. There are no assurances that competition in the industry will not lead to reduced prices for GrowOp Technology’s hydroponic growing equipment. If we are unable to successfully compete with existing companies and new entrants to the market this will have a negative impact on our business and financial condition.
11
If we fail to protect our intellectual property, our business could be adversely affected.
Our viability will depend, in part, on our ability to develop and maintain the proprietary aspects of our technology to distinguish our products from our competitors’ products. We rely on copyrights, trademarks, trade secrets, and confidentiality provisions to establish and protect our intellectual property.
Any infringement or misappropriation of our intellectual property could damage its value and limit our ability to compete. We may have to engage in litigation to protect the rights to our intellectual property, which could result in significant litigation costs and require a significant amount of our time. In addition, our ability to enforce and protect our intellectual property rights may be limited in certain countries outside the United States, which could make it easier for competitors to capture market position in such countries by utilizing technologies that are similar to those developed or licensed by us.
Competitors may also harm our sales by designing products that mirror the capabilities of our products or technology without infringing on our intellectual property rights. If we do not obtain sufficient protection for our intellectual property, or if we are unable to effectively enforce our intellectual property rights, our competitiveness could be impaired, which would limit our growth and future revenue.
We may also find it necessary to bring infringement or other actions against third parties to seek to protect our intellectual property rights. Litigation of this nature, even if successful, is often expensive and time-consuming to prosecute and there can be no assurance that we will have the financial or other resources to enforce our rights or be able to enforce our rights or prevent other parties from developing similar technology or designing around our intellectual property.
Insider Transactions Reported - Last Two Years
Date Insider Shares Type Transaction Value*
Dec 18, 2014 ALMSTEIER AMYOfficer 196,500 Direct Sale at $0.30 per share. 58,950
Dec 18, 2014 VANDEVREDE STEVEDirector 75,000 Direct Sale at $0.30 per share. 22,500
Dec 12, 2014 VANDEVREDE KENDirector 38,800 Direct Sale at $0.26 per share. 10,088
Dec 11, 2014 VANDEVREDE KENDirector 11,200 Direct Sale at $0.29 per share. 3,248
Dec 11, 2014 VANDEVREDE STEVEDirector 100,000 Direct Sale at $0.29 per share. 29,000
Dec 10, 2014 ALMSTEIER AMYOfficer 253,500 Direct Sale at $0.30 per share. 76,050
Jul 10, 2014 PETERSON DEREKOfficer 588,235 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jul 10, 2014 ALMSTEIER AMYOfficer 196,078 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jul 10, 2014 NAHASS MICHAELDirector 490,196 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jul 10, 2014 VANDEVREDE KENDirector 444,444 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jul 10, 2014 VANDEVREDE MIKEDirector 444,444 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jul 10, 2014 ROSS STEVEN JDirector 200,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jul 10, 2014 JAMES MICHAEL COfficer 490,196 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jul 10, 2014 VANDEVREDE STEVEDirector 444,444 Direct Acquisition (Non Open Market) at $0 per share. N/A
Apr 15, 2014 ALMSTEIER AMYOfficer 100,000 Direct Purchase at $0.58 per share. 58,000
Mar 20, 2014 VANDEVREDE MIKEDirector 100,000 Direct Sale at $0.97 per share. 97,000
Mar 20, 2014 VANDEVREDE STEVEDirector 28,435 Direct Sale at $0.97 per share. 27,581
Mar 19, 2014 VANDEVREDE STEVEDirector 71,565 Direct Sale at $1.09 per share. 78,005
Mar 19, 2014 VANDEVREDE KENDirector 100,000 Direct Sale at $1.09 per share. 109,000
Mar 14, 2014 NAHASS MICHAELDirector 140,000 Direct Sale at $1.16 per share. 162,400
Mar 13, 2014 ALMSTEIER AMYOfficer 2,500,000 Direct Disposition (Non Open Market) at $0 per share. N/A
Mar 13, 2014 ALMSTEIER AMYOfficer 350,000 Direct Sale at $1.25 per share. 437,500
Mar 13, 2014 NAHASS MICHAELDirector 2,500,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Mar 11, 2014 ROSS STEVEN JDirector 100,000 Direct Sale at $1.13 per share. 113,000
Mar 7, 2014 ROSS STEVEN JDirector 100,000 Direct Sale at $0.69 per share. 69,000
Feb 26, 2014 ROSS STEVEN JDirector 100,000 Direct Sale at $0.51 per share. 51,000
Jan 27, 2014 ALMSTEIER AMYOfficer 1,200,000 Direct Disposition (Non Open Market) at $0 per share. N/A
Dec 5, 2013 ALMSTEIER AMYOfficer 1,300,000 Direct Disposition (Non Open Market) at $0 per share. N/A
Aug 26, 2013 ALMSTEIER AMYOfficer 925,000 Direct Disposition (Non Open Market) at $0 per share. N/A
May 17, 2013 ALMSTEIER AMYOfficer 1,000,000 Direct Disposition (Non Open Market) at $0 per share. N/A
May 6, 2013 ALMSTEIER AMYOfficer 500,000 Direct Sale at $5 per share. 2,500,000
Apr 30, 2013 VANDEVREDE KENDirector 387,500 Direct Statement of Ownership N/A
Apr 30, 2013 VANDEVREDE STEVEDirector 387,500 Direct Statement of Ownership N/A
Apr 30, 2013 VANDEVREDE MIKEDirector 387,500 Direct Statement of Ownership N/A
Apr 30, 2013 VANDEVREDE DANBeneficial Owner (10% or more) 287,500 Direct Statement of Ownership N/A
Apr 4, 2013 ALMSTEIER AMYOfficer 800,000 Direct Disposition (Non Open Market) at $0 per share. N/
Terra Tech Corp. (TRTC)
-Other OTC Watchlist
0.2680 Down 0.02(6.94%) 3:59PM EST
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Key Statistics Get Key Statistics for:
Data provided by Capital IQ, except where noted.
Valuation Measures
Market Cap (intraday)5: 51.52M
Enterprise Value (Dec 23, 2014)3: 56.90M
Trailing P/E (ttm, intraday): N/A
Forward P/E (fye Dec 31, 2015)1: N/A
PEG Ratio (5 yr expected)1: N/A
Price/Sales (ttm): 8.92
Price/Book (mrq): N/A
Enterprise Value/Revenue (ttm)3: 9.17
Enterprise Value/EBITDA (ttm)6: -3.66
Financial Highlights
Fiscal Year
Fiscal Year Ends: Dec 31
Most Recent Quarter (mrq): Sep 30, 2014
Profitability
Profit Margin (ttm): N/A
Operating Margin (ttm): -255.61%
Management Effectiveness
Return on Assets (ttm): -145.95%
Return on Equity (ttm): N/A
Income Statement
Revenue (ttm): 6.21M
Revenue Per Share (ttm): 0.04
Qtrly Revenue Growth (yoy): 70.10%
Gross Profit (ttm): 88.92K
EBITDA (ttm)6: -15.55M
Net Income Avl to Common (ttm): -22.50M
Diluted EPS (ttm): -0.14
Qtrly Earnings Growth (yoy): N/A
Balance Sheet
Total Cash (mrq): 3.48M
Total Cash Per Share (mrq): 0.02
Total Debt (mrq): 6.55M
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): 0.42
Book Value Per Share (mrq): -0.00
Cash Flow Statement
Operating Cash Flow (ttm): -7.23M
Levered Free Cash Flow (ttm): -6.52M
Bingo!!!!!... Great questions and statement... we have a winner!!
She holds GIFTED shares because she is married to the CEO... It's a fraudulent way to wash money before the scam is reviled... The rest of the formula is investment scam 101...
She has no business owning or selling ANY FREE shares... it's an absolute conflict of interest and a outright SCAM...
Though the volume is light... 80%-90% sells (big blocks hitting the tape all day)... Tape painting buy interest... not to mention this POS is under massive distribution... $TRTC is clearly being falsely propped up so insiders can sell more shares... I wouldn't be surprised to see another form 4 hit the news wire over the next week...
This has nothing to do with capital gains at this point and EVERYTHING TO DO WITH MANAGEMENTS GREED AND DECEPTION!!...
ROTFLOL!!!... I almost fell out of my chair!!... The recent insider selling is indicative of managements integrity and what they think of the company... The writing is on the wall... the company is full of lies and deceit and simply created to get insiders rich of investor dollar... they can put out all the fluff PR they want... in the end it's all about "SHOW ME THE MONEY"... The recent insider dilution speaks volumes for the future of $TRTC... I AM SPOT ON!!!!... $TRTC is a SCAM!!
It's all over for $TRTC bro... insiders sell for one reason... nothing going on here except smoke and mirrors... the proof is right in everyone's face!! Sub .20's is imminent...
The insiders ALL thank you for buying their shares and ensuring they have a very merry Christmas on your buck... I'M SPOT ON BRO!!!
ROTFLOL!!!!
ROTFLOL!!!... BWAHAHAHAHAHAHAHAH!!!!... I can't stop laughing!!!... This made my day...
HOHOHOHO!!!... Merry Christmas... LOL!!!!... This pig is ready to get roasted... anyone who supports or defends insider selling has ulterior motive... THE WRITING IS ON THE WALL... SELL THIS SCAM WHILE YOU STILL CAN!!!...
BWAAAHAHAHAHAHAH!!!.... Are you kidding me???? More insider selling???
Amy Almsteier (Treasurer & Wifey), Derek Peterson (CEO) & cronies would like to thank you for your Christmas contribution... Cheers!...
ROTFLOL!!!!!!
I am spot on!!!!!!!!.... OMG... what a freakin' scam!!!
....BLOODY SPLASHY RED.....
Another down day today for this POS... $TRTC LOVES the color red!!... more to follow... this is the calm before the storm with this SCAM!
Ladies & Gents... Introducing the $TRTC Con-artists pulling strings behind the scenes...
Nevada... LOL!!!... Whoever is playing that card may want to look elsewhere... other fish in the arena other than this scam... CNAB, AGTK, GBSN to name a few.. all received provisional licenses for the cultivation, production and processing of cannabis in Clark County, Las Vegas, Nevada.
$TRTC... the laughing stock of the industry... A small fish with in a big pond!... A dilution machine with no cash, corrupt conartists running the company and promoting it... what a joke!...
$TRTC Unanswered questions with definitive answers...
Without referring to FLUFF PR & the unknown... focus on the present facts...
Questions???
Is there toxic financing diluting the stock so the company can survive?
Are insiders selling & have they sold in the past further diluting shares?
Were there "free" shares gifted?
Taking burn rate and lack of revenue into account... Is $TRTC almost bankrupt?
Are members of the board linked to scam related tactics in the past (including Attorney Thomas Puzzo)?
Does $TRTC generate ANY revenue from marijuana?
Did $TRTC infringe on IVXX trademark?
Is IVXX already registered to someone else who sent a cease and desist order?
Is $TRTC bleeding money?
How is this SCAM going to finance any type of infrastructure if they don't even have cash to operate??
Is a reverse stock split a possibility?
Has $TRTC been the subject of one of the broadest and most relentless promotional campaigns?
Does the CEO have an alias?
Is $TRTC a glorified lettuce producer?
Does $TRTC own patents or ANY real intellectual property?
Did $TRTC entered a number of significantly dilutive agreements with Dominion Capital?
Taken many prior historic factors into account... is there a possibility of the SEC stepping in and shutting $TRTC down?
Just a few simple questions... I'm looking forward to your FACTUAL responses!
THE $TRTC SCAM... THE BIGGEST PUMP AND DUMP SCHEME, overly hyped, underachieving company trading as a 420 industry stock... You are fooled... $TRTC is not a pot stock... Zero Revenue generated from marijuana... FACT!!... The con-artists running this shell company want you believe otherwise by continuing to blatantly lie and steal from investors. Toxic dilution tactics, insider selling, creative accounting, empty promises, corrupt insiders and overly hyped fictitious deals all equal an SEC shutdown and complete loss of shareholder equity...
IMO... An SEC investigation and shutdown is imminent... They are making a laughing stock out of the SEC and the people that believe and invest in this POS...
MAJOR CONCERNS IN $TRTC FANTASY LAND...