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I feel sorry for those little buys that collectively absorbed the brunt of 1 million dump from bonnie and clyde... and now facing the immediate prospect of further drop comes monday.
Did someone here mention it is time to go long a few days ago? assisted suicide? insider or DP himself perhaps?
Show TRTC your money, their printing press will magically appear.
Edible Garden is profitable? while NBPlants pays for the utility bills and all the operational cost.
I question EG's numbers since its inception. In fact, EG is merely a facade set up by DP to enter MJ market during 2014 boom to sell shares.
A recommended action for you is to get even more TRTC shares directly from their printing press... such as becoming another toxic financiers of TRTC, then dump your shares for incredible profit even at 0.20 or below a share.
One sentence sums it all up:
TRTC made more more money selling shares than it ever could from selling MJ.
If this is not the definition of a SCAM, I don't know what is.
Selling MJ turns out to be a recreational activity for them, after filling their pockets full of shareholders' cash from a few millions shares dumped early this year.
Strange post.
What makes or breaks TRTC PPS is its management and their shady dealing. We are merely here to provide hints and rationale why it will decline overtime ... as an EFFECT not the CAUSE.
My usual prediction: Pre-earning 10% dive followed by post-earning slide of 20% or more.
Wrong. If you know the management's INTENTION, you can correctly predict future state.
A trade-off between insiders' profit and common shareholders' value? TRTC will always pick the former.
Unfortunately, dilution to build shareholder value and dilution to enrich insiders' private businesses are different things.
Dumping shares is an Art not science.
How do you dump large amount of shares while keeping PPS at roughly the same level and large pool of retail investors interested?
Obviously, paid pumpers play an important role in this achievement.
One large dump took out a few percentage rise in PPS driven by many unwitting retail investors' buy-at-ask.
That is how big player eats small players alive. (shares are distributed far and wide while cash is aggregated to a few individuals)
It is like taking candies from many immature babies.
Everyone is already playing TRTC stock... longs are all left. As evident by the 50% drop from 0.6 to 0.3.
The question worth asking now is: is it still profitable to play TRTC?
Well, like gambling, the only winners are those with infinite capital and shares to recover any amount of lost at any point.
A sudden onset of vicious selling could drop PPS 20% or more and wipe out small retail investors.
It is big players (including TRTC) eating small players alive.
If you are small retail investors, stay away at all cost!!
Big players need your cash to recover their accumulated loss.
US being the common stock holders? Then your biggest enemy is TRTC. You are constantly being devalued by DP and crew.
Able to recognize friend and foe is the first step toward prosperity.
TRTC's management are bunch financiers who were trained / educated to use public market as a magic box. When doing certain things in certain order, money magically appear. No accountability whatsoever.
Question them how wisely your money is being spent and see how they answer you.
This will die either way. But sooner if rescheduled.
The reason lies in the differences between Medical Marijuana and Recreational Marijuana companies.
TRTC's backroom extraction and grow operation can only be qualified as recreational not pharmaceutical-grade endeavor.
Doctors will never recommend IVXX as prescription drugs, unless it can pass stringent QC and peer-reviewed process... and preferably in pill form.
Really? took them a year to come out with a few flavors of shatter. No joints and oil as promised.
Now look at dixieelixir's menu and weep. All done in 6 years time.
Unfortunately, that forest you are talking about are merely the branches from one single tree, which is often the result when observe with traders' narrow and myopic view. It's root has been heavily corrupted by insiders' greed and is about to fall down.
Bang! and the whole forest is going bye bye for you.
Maybe they can combine both ideas and create nutritionally enhanced cannabis - not only it feels good, it is good for you!
Can't say that about TRTC shares.
Unfortunately, local residents strongly oppose MJ farm in their midst. There is a reason why EG keep donating money to local schools and sponsoring university researches.... to appease majority of locals, so when time comes they can't say no. But I doubt it would work.
Have you look at two year chart of TRTC?
The process of going from 1.4 to 0.08 is gradual... always giving investors a slither of hope that it may go back up and keeping them holding on to all the shares throughout.
The process of leeching is to make you unaware of the fact that someone is dumping shares every day in fixed quota... until buy volume completely dries up.
When a "private secretary" decided to strike out on his own, his innate tendency is to delegate real works to third party contractors. All he does is to write up reports and answer phone calls.
And when a secretary takes over the money matter of a company completely, He can easily go wild with your money.
Basically, TRTC is a secretary gone feral.
This thing is going to sink like cement shoes with common shareholders in it. Good luck to the stubborn longs. TRTC, the gangs, doesn't care about common shareholders, stocks worth nothing to them until is exchanged for cash.
Zero external non-toxic capital in forecast. TRTC's past performance scare them away. Nobody sane would invest in a company with 50Mil accumulated deficit and nothing to show for.
Common shareholders are on their own... I'm afraid.
When a company's finance is in distress, some company choose to tighten their belts (the other NV MJ company):
There won't be a RS, if you can volunteer to give them the money they need for expansion, salaries, and bonuses. Meanwhile, TRTC is driven by greed and perpetual lack of cash. (and inability to find angel investors.)
Business 101, they need to figure out how to grow on its own profit, not constantly abusing common shareholders.
Expanding? The wider they expand, the more money they lose.
Simply because they outsource everything to third parties and subsequently profit also goes out the window.
While management sits on their arses and sell bonus shares, some even spends time here pumping his own stock.
It took IVXX one year to come out with just one trick... and that trick got recalled recently.
http://dixieelixirs.com/ read their's product menu and distribution network and be ashamed... TRTC!
50Mil investors' money and all we have are bad batches of shatters? Where are oil and joints as promised by IVXX.com?
TRTC is a scam in the guise of incompetence. THE FIRST CLUE: they made more money by selling shares than from selling MJ.
Every business TRTC has engaged in lose money. With many years of experience of NBPlant behind it, selling Lettuce appears to lose less money and is therefore better for the business overall.
You clearly don't know anything about yacht.... they can buy time-share of a yacht without actually owning it and for only a fraction of total cost.
But knowing that M. James had secretly sold TRTC shares using an outside brokerage account, they could have bought that yacht.
yep, the dilution will begin in earnest when the opportunity presents itself.
I'd rather give my money to honest entrepreneurs who respect investors' money and grow our collective business efficiently without exorbitant waste.
50Mil accumulated deficit? With that amount of money, TRTC should be growing on its own profit not still trying to dilute shareholders.
The amount of money they collected from dumping shares into the market is more than 20 - 22 millions. 75Mil is what was projected.
And then they report net loss each quarter, where did the money go?
Private consulting firm, with insider connection, hired to run their dispensaries is making indecent profit off TRTC shareholders.
Actually, you traders need to thank longs for absorbing your shares and allowing you to make profits. Without them, the price won't go as high and last as long for you to unload.
When they complain about getting screwed by DP, just listen and take notes.
If no one lose $$, how did TRTC get its money for NV build-out?
The ugly side of stock market is it builds value by hording and someone has to be at the bottom. you made money because someone lose some.
The good old fashion way of making money by innovating? TRTC is not it.
Wrong, some companies don't dilute retail shareholders because of a few large investors' backing.
A better index for comparison would be the dilution over accomplishment ratio.
Or
Accumulated deficit over revenue normalized by time in business.
It has always been easy. TRTC uses shareholders' money to hire someone else , e.g. Platinum Standard LLC, to do the job for 50% of profit. And only god knows how much more they paid for the interior design and construction.
RS and uplisting are merely the means to an end - to recruit more cash.
The root of all evils here is perpetual LACK OF CASH.
No money, no growth, no bonus, no maintenance for private yacht.
So, for now, continuing dilution of poor retail shareholders is the only way to feed their greedy beasts.
Have you seen the operational expenses vs revenue of BlumOak for the first three years in business?
Yes, like TRTC, it was horrible. They spent more than they could make... many times over.
Net profit? Dream on.
What revenue growth?
CA is nonprofit and both CA and NV are not recreationally legal.
All the dispensaries in NV are fighting over the small pool of money from a limited number of patients.
IMO, their operational expenses will outstrip income for at least 2 more years.