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Those shares are only dilutive of they use the funds for things that do not add value. Which will not be the case.
Arizona? What happened to the Maryland application submitted a few months back? Baseless pump is what it is.
TRTC is the public-facing "private secretary" to many private companies. All it does is to manage stock selling activities and SEC reporting. The money it collects (from selling shares) is used to hire private contractors to do the real jobs such as building and running dispensaries or manufacturing MJ products.
By doing so, the cost of goods sold will always be at 90% or more of the revenues... plus heavy admin expanses and annual bonus given to insiders for bookkeeping, I don't see how it can make profit for years to come.
The real profit all goes to those private companies hired by TRTC to do the real work. And these companies always overcharge.
Since MJ is still all cash business, perhaps they don't have many trusted individuals to manually count the cash fast enough to meet the deadline.
There is no suspense, Volume has been dropping since the 20Mil dump last week. With super thin volume, any movement can be huge. And at this price, PPS will most likely go down further.
Bull trap with spikes at the bottom. They are not meant to kill but to attract others to the rescue and then all be taken out by one barrage of sell-into-bids.
yeah, right, he said he negotiated with Indian tribe last year.. and nothing turned up as usual. who is talking out of his arzzz now?
Show me a few recent M&A news in this sector?
Links please.
No one would trade cash potential with high-risk company shares except for Blum which was connected to TRTC.
At this time, there is no way to properly gauge a dispensary's cash potential, since market is still growing rapidly.
We shall see how much success they have.
There is very few M&A activities in this sector currently for a reason.
We have yet seen TRTC buy any dispensary that is not somehow related to TRTC via insider connection.
I doubt they can buy any profitable dispensary since most are not for sale. The reason is, at this point in time, there is no way to assign fair valuation since market is still at its infancy.
Oh, yes, TRTC bought that from TRTC's CEO and CBD supplement from CFO.
Insiders are lining up to sell their private business to TRTC's share holders... preferably for large sum of cash and shares.
TRTC has already spent 50Mil of investors' money. And the only thing they acquired is NRTI's CBD supplements from TRTC's CFO.
And IVXX has been out for over a year. Today, no joint and oil as promised by their web site.
To put things in perspective, check out dixie brand's product offering:
http://dixieelixirs.com/products/
In 3 years, a lot more new players will enter the MJ market with new innovative products and services. Dixie brand, Bhang chocolate, etc. will become cash flow positive and go public.
Will TRTC be competitive or stay as a share-selling scam?
This low volume pop is unsustainable. Basically, sellers are waiting for a better price to unload.
Volume from traders willing to buy at asks has been decreasing and unable to match that from traders willing to sell at bids.
Don't forget about shrinking biscuit. TRTC stock has that effect on investors bought in on hype alone.
Yes, TRTC will make money just not for common shareholders.
Here is the food chain:
(0) Toxic Loan providers.
(1) Management.
(2) dispensary operators.
(3) part owners.
(4) employees.
(5) other unknown preferred share holders.
(6) common share holders.
Surprisingly, Who has been helping common shareholders are the pumpers and stock promoters. And they have been doing a damn fine job.
The bottom line: TRTC has made more money from selling shares than from selling MJ.
BlumLV needs 50% local ownership. So no.
At this stage of MJ industry development, no serious and profitable MJ business is looking for buyers.
Only those that are running out of funds with huge debt and losing out to competitions are looking for a way out.
Not if the next phase of dilution start kicking in. Diluters don't care where your bottom is at. Their bottom is way lower than 0.40.
May have to wait till he depleted new bagholders' cash and come back from vacation.
TRTC has only 50% ownership of Blum LV. Additional 50% profit will go to Platinum Standard LLC. for operating their dispensaries. Minus salaries and cost of goods sold and occasional licks of the family lollipop by insiders on every harvest moon.
And you have negative net profit many years to come. And that continues to add to accumulated deficit currently at 50mil
TRTC is reverting back to its old self after pumpers are gone. Waiting diluters to step in and take the baton.
They didn't sell mush in 2015. Why couldn't 2016 be like 2015?
Well, you have to thank manipulators for getting PPS to .60 in the first place.
They are saviors to many long time bagholders here.
Don't get between the baby bear and the mama bear. What happened to dicaprio can happen to you too.
A good pump needs a good dump to be meaningful. Otherwise, money doesn't change hands.
That news basically means TRTC is using shareholder's money to donate/sponsor university researches. Most of such researches end up having no immediate possibility for commercialization.
It is just a show of good will to local communities.
The only downside is TRTC has no operation in any legal states recreational wise and TRTC is categorized by many as recreational MJ company.
Better sell and go buy the car of your dream now before it vanishes and turned into TRTC's private stash for expanding their money-losing business.
Anyone with means
This field is so easy to enter, anyone with means can start his/her own brand. I don't see how IVXX can make any money with new brands constantly being launched by big names in TECH and SHOW BIZ.
Companies that can make real money are those consulting firms helping out setting up products and dispensaries. And cultivators that lease out space for growing MJ similar to how Internet hosting companies mushroomed during the 90s and early 2000.
BLUM's two owners are TRTC's CEO and the other an early angel investor in TRTC. It was setup to be acquired by insiders.
Acquiring harborside would be a more interesting story to tell.
I have to admit TRTC knows how to pump stocks. This company knows how to use minimum effort to put up a facade of a fast developing company and spare no expense on PRs, AD agency, and TV interviews to increase its stock PPS.
Have you seen GWPH or any other real MJ company that did as many TV interviews or appeared in as many news articles as TRTC has?
Bonus Time for a job well done by Platinum Standard LLC.
The only ones profited from the gold rush were those that sold shuffles.
These consulting firms for operating a dispensary are the only ones that are reaping in huge amount of money right now.
Three years from now, the competition will be so fierce that no MJ company will be profitable.
A safer business model without much financing needs is similar to getsava.com which connect MJ producers / entrepreneurs with consumers while offering next day delivery service.
Unfortunately, TRTC is on a different path by selling their own brand and build their own dispensaries which require a lot of cash ... period.
The further away from the end clients, the more opportunity for middlemen to steal a piece of pie. Shelf space sometimes cost ridiculous amount of money. Franchising is much less profitable than to sell product direct to clients from TRTC's own web site.
Apparently it is true in TRTC's case. Cost of goods sold is almost always 90% of earning plus admin expense = net loss.
Please keep discussion on topic.
TRTC's origin is Private Secretary which offers book keeping and financing services. NBPlant used its service to reverse merge into TRTC / EG and went public on MJ hype.
To actually operate a business require technical expertise that TRTC and its BOD don't have.
TRTC is run by a group of financiers who tend to out-source almost every aspect of business operation to third-parties which charge much higher fee than 'fair market value' of their services.
How will TRTC make money this way?