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I can't believe they can still put the words NuLeaf on a PR after the pump and dump that was the NRTI NuLeaf collaboration.
The what? Oh... right... it never existed.
SSC
You're not missing anything. That's 170m more shares able to be dumped onto shareholders backs.
JMO,
SSC
I just can't believe this company is still posting Edible Garden PRs to mask dilution. Unbelievable and comedic.
A 424B5 with an EG PR??? L....o....l....
JMO,
SSC
PR lined up with dilution is NEVER a good thing.
Share salesmen.
JMO,
SSC
It could be a little more real if 13m dollars in stock compensation weren't given out.
JMO,
SSC
1.41 happened because the OS was 1/5th of what it is now. It was a smaller float, and easier to move. Since then, TRTC has been relentlessly dumping equity into the market.
That means that the company would be valued 5x what it was previously if it were to hit 1.41 again.
SSC
Break out the bottle- this will go sub 20 before next earnings report.
Why- you ask?
The company needs significantly more money to finish the projects they've already begun. They can also give away more shares when these "material events" are happening, so it's not likely that they'll leave these in the current state.
How do they come up with this money- you ask?
Dilution.
The only possible way that the price will go up is if the buying hype exceeds the speed of dilution. And the only possible way that is going to happen is if marijuana is legalized nationwide, which isn't going to happen any time soon- and even if it did, would only give a temporary boost to price until real investors see the awful ROI here based on SG&A.
JMO,
SSC
How much is an 1/8th in BLUM terms?
Here in California almost every local dispensary has changed their weights and do 5 gram eighths now. Typically it is 5 grams for $50 of top shelf cannabis. Sometimes it is $60, but I typically avoid those places.
If they're still charging that much for 3.5 grams... ouch.
SSC
That's not the problem. Jumbo jets and battleships can turn around. Just not when they're leaking and faulty.
TRTC is certainly leaking shares.
JMO,
SSC
Net profit will never come when 13.5 million in stock based compensation is given out.
*shrug*
JMO,
SSC
LOL - so, TRTC spent hundreds of thousands on extraction machines so that they could outsource to moxie?
Sounds about right.
They managed to make less and spend more than in 2016. ...lol?
SSC
Magnum was once a huge proponent of TRTC. He, too, saw what they were doing after a period of time. That 78m deficit could be significantly less if the insiders didn't use the revenue like a personal piggy bank.
JMO,
SSC
Lmao, this rhetoric again? Moxie is huge, and has no reason to sell to TRTC. Moxie could buy TRTC.
JMO,
SSC
Seems lot of old faces are around again. We'll see if Derek is still wearing the same mask, though.
SSC
Derek sends out email this month claiming, "this is the moment we've been working towards."
Who else bets insiders will display the contrary by filing form 4's like they do every quarter?
*raises hand*
JMO,
SSC
Certainly seems like he's moving towards one.
SSC
It's going to get bloody here. Lack of excitement + $14 million dollars to raise via shares.
JMO,
SSC
My concern is quite obvious from my post history.
I'd bet 100 to 1 odds that there will be a reverse split one day in order to clean up the mess that was left on the OTC. Common shareholders will be wiped out. That's the best possible outcome in my opinion, if it happens soon.
The more plausible outcome is that they will continue this game for many years to come- dragging out the fantasy of being an industry giant, just before an industry giant comes and squashes them. All along the way Derek and friends pocket millions- and hard working dreamers on this board are the ones paying for his Tesla(s).
JMO,
SSC
I don't think I called it that, but it is pretty awful from the perspective of making money.
I personally paid to build part of that 5 acre greenhouse in 2014. Where's the EG return on that investment? I made money in trades- but the company has only lost money from that operation, and they didn't even fund it! The shareholders did. And that was a _LEGAL_ market that they could have went to a _BANK_ for.
JMO,
SSC
I agree with the facts stated, for the most part. Compensation was 215,000, but that is certainly not the extent of Derek's income from TRTC. He made more than that from selling shares alone.
With that logic, Trump only makes the presidential salary- right?
SSC
Terra tech loses money on every EG promotion and sale. They're literally giving away money so they have reasons to continue to operate at a loss.
Why? Because this plays along with their game, "It takes money to make money". They will continue to look like they need more toxic financing when in all reality, Derek and friends are pocketing millions.
FACT.
SSC
If only I (or anyone else here for that matter) had that power, we'd be infinitely rich.
SSC
I don't think any news about EG is good news, unless it is to get rid of it. It's a gold sink according to the financials.
JMO,
SSC
It is easy to stick around because I find it interesting. I find it interesting because I was roped into the same fantasy that everyone else here is roped into– I was just lucky enough to be around during the largest spike of TRTCs history.
Don't get me wrong, my intentions are transparent; I'm here to help others see the whole story- but it doesn't mean I won't buy some shares on a dip in hopes of timing a quick trade. With that said, I don't believe that anything I say on this board will affect the share price, so it's not like I'm spouting words in hopes that the price tanks so I can gobble up all the goodies. That's just nonsense. What does affect the share price are large tranches of shares being dumped onto the open market, aka dilution.
"Takes money to make money", but at our expense while the higher ups take millions? Seems kinda whack...
Just My Opinion though!!!
SSC
What's wrong with helping strangers?
I'd much rather help a stranger shareholder understand why they're losing their investment than help the guy swindling thousands of people out of their hard earned money. I don't see the logic flaw- I'm trying to help the little guy because i don't like what the big guy is doing.
If this were Vegas, I'd be all in on the fact that an R/S will wipe out common shareholders at some point or another. Some folks will make some money and claim they were right all along, but the vast majority of folks will lose their investment almost entirely.
I'm not saying that TRTC won't change their ways, I'm just saying historically it has been a terrible investment, and i haven't been shown evidence to believe that has changed. I'm certainly excited to see the upcoming fins, as I always am.
JMO,
SSC
You can lol @ me all you'd like. I'm only trying to help people out. I'm not effected either way.
SSC
Look at 1400 on the chart. That isn't coordinated selling efforts of a group of individuals, that's the effect of equity sale on the open market, also know as dilution. There are millions more in dilution lined up, and primed to be pushed onto the open market in a coordinated effort with PR, high hopes, and pot euphoria. Terrifying!
I love weed, too, but I'm not nearly high enough to ignore the facts.
JMO,
SSC
I've never shouted the sky is falling, I've always just pointed out the issues with TRTC. The same issues still exist from the perspective of a real investor.
Also, higher than ever? That is simply not true, based on market cap, share price, OS, AS, and any other metric you'd like to use.
This simple fact remains: if I give 5 dollars to TRTC, they will only give me back ~3.5 dollars. That is a terrible investment, period.
When they can clean up SG&A that fact might change, but there is ZERO evidence of TRTC attempting to turn that around, because it BENEFITS THE INSIDERS TO DO OTHERWISE.
JMO- I've only been right for about 5 years now.
SSC
Smh...
See you at fins.
SSC
"Buy now or never!" seems to be the most famous phrase on all of investors hub.
Though "never" typically comes in the form of bankruptcy, insolvency, gray sheets, or one of the other end-of-the-lines. I've heard this chant thousands of times here, yet I'm still able to buy- and typically for less than the person shouting at me.
Of course, I don't buy here anymore, I already made my cash. I'm just here to continue to learn.
SSC
There is plenty of reason. The fins spell out everything loud and clear. There has been a form filed every step of the way. It's in black and white, but no one wants to believe it.
It costs TRTC a buck fifty for every dollar of pot that it sells. They have the worst margins of any marijuana dealer, ever.
Cheers,
SSC
I think you meant "due to dilution" when you said "no justification".
JMO,
SSC
You already know this. All of the intelligent traders here do. TRTC has been doing this for literal *YEARS* and there is literally zero evidence outside of wishful thinking to show otherwise.
SSC
$10 each.
I have a feeling registering those domain names helped them sell more than $10 worth of stock.
Great ROI for the insider enrichment scheme.
They've always had money to refuse dilution and halt the stockholder slaughter. They have, and always will choose not to do that. They have, and will continue to pocket the profits and claim it as SG&A.
According to TRTCs financials, that $250,000 they sold in cannabis cost them "$350,000" to do so.
So, where are these other magical funds going to come from? Just because they sold a lot doesn't mean the business model has changed. There is zero evidence that any more money will flow into the hands of shareholders versus insider pockets.
JMO
SSC
Wait for the excitement to calm- it'll be much harder to hold while all the dilution is in effect.
I'd call it rinse and repeat. I've seen this chart 30+ times in TRTCs short history.
Yes. Yes. Yes. This.
One of the few that know how to read the fins.
SSC