Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Actually the National recreational vote is June 7th i think..... Which really surprises me that there is no run up in the PPS this week? I guess the PPS is already baked into the stocks.....
I feel your pain ,,,lol This CEO needs to go and just be the pitch man..... He is getting slaughtered by Canadian companies that are thinking globally and at home by Marijuana accessaries company.
We are all being held hostage at this point....
Look at todays news WEHO dispensary......the PPS is in the red lol
The vision is too small and the greed/dilution is too big
I mean when you look back at the pre NV and CA recreational vote. Did you ever expect this company to be running this bad?
The CEOs vision has not created the company we all thought would come to be
It sucks to be holding shares for another 4 years?
TRTC took all my money lol Im stuck in limbo.... Until it finally after 4 years performs for the shareholders.
After Derek sold 1 billion of our shares...he immediately did a 15 to 1 reverse split, which took the PPS to a high on that day of >$5 pps.
And then like clock work he immediately does a toxic finance deal to give him $40 million dollars lol
The PPS has since been stuck in the mud of $2 - $3 range
Basically we got screwed again...and have to wait ...if it ever happens
I kinda agree in the sense that any news should make the pps jump in dollars and not pennies like its doing, due to the very low 68 million os shares amung other factors.
I guess Derek Peterson dilutiing 500 million shares the last 17 months to cap out at close to 1 billion OS limit.
Then needing a 15 to 1 reverse split to gain more shares to sell and reset the game.
Has spoken volumes about this CEO pitchman
All For very little in return lol I mean 2018 1st quarter resulted in 8.5 million in rev and 10 million in expenses
No Merger
No up List
This is after Nevada was recreational live for over 1 year and California was recreational live 3 months?
This is after all of their operations in full run mode?
This company has no vision... it needs a honest real CEO not a pitchman
Is this the most viewed stock ? theres like 20 post a day? Maybe when this stock's pps would jump on news and you could make some money.....now its just stuck in the mud until the end of the year where they let the pps rise for metrics purposes and then bring it right back down.
Man we all got duped on buying back into this stock. I can not believe there is no run up to the Canadian vote???????
I know we have more shares outstanding but is Canopy growth worth $30 pps? and aurora stuck at $6
I got burned on this stock
Well i used to think so, but now even the news of A weho dispensary has little effect on the price per share.
The market just does not like this CEO pitchman or the company. Add to that the Canadian company's
soon to be jumping on the NYSE and earning 100's of millions of dollars in 12 months
Thats money to invest and take over more GLOBAL markets..
THE USA GOVERNMENT LET CANADA TAKE COMMAND OF THE NORTH AMERICAN MARKET
WHEN YOU HAVE 100'S OF MILLIONS OF DOLLARS TO STRATEGICALLY INVEST.....ALONG WITH PHARM AND TOBACCO COMPANIES RAMPING UP AS WELL
LITTLE TRTC IS TOAST AND JUST NOT IMPORTANT OR NEEDED FOR ANY MERGER.
LV IS SMALL TIME AND THE CALIFORNIA FOOTPRINT IS A JOKE.....THERE ARE OTHER COMPANY'S BIGGER AND BETTER IN CA ALREADY
2018 1 ST QUARTER REPORT OF $8.5 MILLION IN REVENUE AND $10 MILLION IN EXPENSES SAYS IT ALL...... THIS COMPANY IS SMALL TIME AND NOT ELITE NOR A LEADER IN THE INDUSTRY
I told you people ( "wait for this day club" ) this was no run....and would be sold off ! Just so you know...i wish it was running
I still have not gotten even to the post reverse split price, and own too many shares to sell and start flipping....
I really do not know what news aside from a huge merger or the feds rescheduling that will move this pos pps north.
NV and CA going recreational did not do a thing. News of a new dispensary does nothing.
Makes me wish for the old days when a fluff story would cause a big run lol
I imagine even opening a new grow house in CA and NV probably will not matter much either to the pps.
Which begs the question why not go big and build a bigger facility?
No need to post negative facts anymore.... the PPS speaks what the market thinks of this company and CEO...
Same ole story up .25 down .40 i do not mean figuratively
Congrats to the flippers...I often wonder if i had just grinded out the last 2 years flipping...would i have made more money than holding on to my shares... time will tell
You cut out half the conversation lol
I wish there were more than 6 people in this forum lol
SO someone can confirm....Derek said theres the option of taking it apart and rebuilding it on another piece of land
FACT!
IM SORRY IT HURTS YOUR FEELING SO MUCH DEREKS FRIEND LOL
I TELL YA WHAT .... RAISE THE PPS > $4 SO THE SHAREHOLDERS CAN BECOME AT LEAST EVEN PRIOR TO THE REVERS SPLIT THAT YOU CRIED FOR A MONTH WAS NEVER GOING TO HAPPEN LOL
THATS ANOTHER STORY LOL HMM NO MERGER? NO UP LIST ? HE JUST RAN OUT OF SHARE TO SELL WHEN THE 1 BILLION RAN OUT LOL
BUT ANYWAY I DIGRESS ,,,,,, SO RAISE THE PPS...PERFORM ALREADY
$8.5 MILLION IN REVENUE AND $10 MILLION IN EXPENSE FOR THE 1 ST QRT IN 2018 IS LIKE GOING BACKWARDS LOL LOL
THIS IS AFTER NEVADA WAS REC LIVE 1 YEAR AND CA REC LIVE 3 MONTHS LOL
FACTS ARE FACTS HISTORY TELLS NO LIES
IM SORRY IT HURTS SOO BAD
I FEEL YA....$2.78 PP STINKS
I KNOW "WAIT FOR" 2019 LOL
IMHO People do not like or trust DEREK PETERSON.....because of his past SEC violations, bankruptcys,
hiring sec violators on the board of directors, the changing of his name to throw off his past life, His partners suing him in NJ, Salwa and her husband leaving the company? now? hmm?
BAD THINGS DO NOT FOLLOW GOOD PEOPLE.....YOUR REPUTATION DOES...
OMG your that desperate that you cut off the parts when NJ came up..lol
And oh btw NJ was brought up 2 times during the call.....listen to the whole call not 1/4 of it lol
DURRRRRRRRRR lol Your so quick to cry wolf, you forgot to due your DD lol
He said something along these lines... " look if we have to take it down and rebuild it on another piece of land, thats what we will do, but we feel pretty strong about our side of the litigation. i really can't give anymore details surrounding the case, but as some of you know the information is out there ...and if you read....you will know where we stand ..
something like that....gosh too bad there are only 4 people left on this lame duck forum lol
what does that tell ya ..lol
Grizz there is no conspiracy....the historical facts are facts...the company sucks right now if you are a long time bag holder. Its not so bad if your a flipper, but even those opportunities are getting few and far between. Which is why you do not see too many people in the forum anymore.
Ahhh YES HE DID.... he said when answering the questions regarding the Vande Vrede Family litigation going on in NJ .... " if we have to take it down and rebuild on another piece of land we will"
"i can't really give to many details" ........
As you all know Derek is being sued by the Vande Vrede brothers....at the worst possible time ever lol
You can not make this stuff up folks....lol
Remember the Nevada Permit fiasco ?
The city counsel members were informed of the shady doings TRTC/CEO....and were like Hell No !
Hence TRTC IMHO had to prob pay off people and then agree to share revenue with locals lol
Which is probably why they have crappy Vegas locations and why the 1 RENO dispensary WITH A DECENT LOCATION DOES the best.
But i think they have to share revenue with the Reno dispensary...im too tired to look it up and really do not care..
JUST GET A NEW CEO AND HAVE A FAKE SUBSTANTIAL RUN SO I CAN GET OUT OF THIS DILUTION INSIDER ENRICHMENTMACHINE
You can't make this stuff up people lol
History does not lie lol
I do not care about anything but today....and my investments.....
2018 quarter 1 $8.5 million dollars in revenue and $10 million in expenses
This is after the big "wait till" events
This is after NV has been recreational live for over 1 year ? lol
This is after CA is recreational live for 3 months ? lol
He is not even confident enough to do a 2018 revenue guidance? Even though every other year in much worse climates he used it as a tool for metrics and promotion?
Could it be because he under performed on the 2017 revenue guidance? and sees little changing in 2018
that The CEO refused to give one for 2018 ? YEP lol
Wheres the vision for 2018? a grow house in Nevada that was supposed to be up last year ? thats your vision? lol
WHo knows whats going to happen in NJ now that TRTC is getting sued lol
So a tiny dispensary in CA is going to be the crowning jewel for Derek Peterson in 2018 lol WOW!
When other mj companyies are going global for far less money spent lol
What did he do with the $240 million dollars ( modest estimate) from strategically diluting 1 billion shares and revenue gained the last 4 years? hmmmmm
Seems to me there is at LEAST $100 million lost in transition lol
Hmmmm $50 million dollars in expenses for their tiny operations ..lol hmmmmm lol
Where oh where did all the money go hmmmm
I can go on and on, but im going away for the weekend
SEE THATS FUNNY..DO NOT ALWAYS TAKE HISTORICAL FACTS AND FINANCIAL NEGATIVES AS A PERSONAL ATTACK AGAINST YOU....ITS NOT
THIS COMPANY SCREWED OVER ITS SHAREHOLDERS FACE IT
Yes. they are not going to let some pitchman from a tiny company take too much revenue from the state
Bank on that...
It is not political suicide to get in the MJ business ....like it was during the Nevada days lol
Hence the lack of growth and vision of TRTC since the NV senators son brokered a deal lol
I guess if call buying BLUM OAK for $50 million dollars innovative lol lol
He said it on the last conference call lol
OMG LOL I AM NOT ANSWERING ANYMORE OF YOUR QUESTIONS......
GEEEEEEEEEZ THIS COMPANY IS TANKING....FACE IT MAN
IT IS NOT GOING TO BE AROUND IN 3 YEARS LOL
HELL THE PITCHMAN'S/CEO'S GOAL IS TO SELL IT AND MOVE ON LOL
WHAT DOES THAT TELL YOU ABOVE ANYTHING ELSE LOL
IM DONE RESPONDING YOU LOL I CAN'T STOP LAUGHING
Because I know how to read the financials...lol People on the board should learn how to analyze the NUMBERS, and figure out what makes sense.
They ran out of cash
They maxed out the OS count to 1 billion. So they ran out of shares to sell.
They were desperate for ANY, AND I MEAN ANY TOXIC FINANCING THEY COULD SUCKER IN
The expenses were OUT OF CONTROL
The BOD were selling all of their shares.
This is not even including all the shady back end deals and expenses leading back to companies owned by directors lol
It didn't take long after when they ran out of shares to dilute....for them to reverse split lol
If this company was healthy....Salwa and her husband would not have jumped ship this year lol
They NJ boys would not be suing TRTC at the most critical time in TRTC/NJ history lol
IT HAS GOTTEN SO BAD THAT DEREK TALKED OF HAVING TO TAKE APART THE GROW HOUSE AND REBUILD IT ON ANOTHER LOCATION? LOL LOL REALLY
THIS IS ONE OF MOST RESPECTED FARMING FAMILIES IN NJ THAT IS SUING THEM?
NJ PEOPLE WATCH OUT FOR THEIR OWN...LOL THIS WILL NOT END WELL UNLESS TRTC PAYS THE PRICE.....STAY TUNED.
THIS ISN'T NEVADA..... EARLY ON IN THE MJ FRONTIER...AND YOU CAN SET UP A DEAL WITH THE SENATORS SON TO GET A FEW PERMITS
I CAN GO ON AND ON
Yes lol I was the person telling the board that TRTC had to reverse split because they diluted 1 billion shares GETTING little in return....Unless you think after TRTC completed all of their goals that $8.5 million in revenue and $10 million in expenses is good lol ....its like going backwards lol
I remember all of the promoters on the board were attacking me daily lol about HOW A REVERSE SPLIT IS NEVER GOING TO HAPPEN UNLEES WE ARE UP LISTING OR HAVE A HUGE MERGER LOL
OH AND THAT A REVERSE SPLIT " IS A GOOD THING LOL" YOU DO NOT LOSE MONEY LOL
Your pitchman or CEO was not man enough or confident enough to even do a 2018 revenue guidance lol
When in previous years during much much worse political and business conditions he used it as a tool to show progress and some kind of vision
The pitchman is running out of ideas lol There are no more SENATORS SONS LOOKING TO STRIKE A DEAL IN THEIR STATE LOL
The California footprint is a joke lol There are private companies that blow TRTC out of the water.
The ivxx branding is a joke.....it never caught on outside their own few stores
JUST SAY THANK YOU PEARLJAMMER
I love how upset telling the facts gets the "Wait for this day. year, event" club
I know people TRTC is going to be Amazon lol lol lol lol Sureeeeeeeeee lol pump pump and away
WAIT TILL 2020 LOL LOLOLOL
Its been 4 years of waiting and big time disappointment.
Its to the point where only a federal reschedule will move this pos >$5 pps- which by the way, was what the pps creeped up to the day of the reverse split. It is an old trick...to get people to buy in and think the RS was for good reasons lol --> THEN SELL IT OFF
LATEST NEWS FLASH
1st QUARTER 2018 WITH NV RECREATIONAL FOR 1 YEAR AND CA REC FOR 1 QUARTER
REVENUE $8.5 MILLION AND EXPENSES $10 MILLION LOL
Thats everything together- ivxx, dispensaries, edible gardens ect... $8.5 lol
2018 BIGGER NEWS.... TRTC RAN OUT OF SHARES TO DILUTE AFTER 1 BILLION SOLD
DEREK PETERSON - WHO PROMISED AND SWORE HE WOULD NEVER DO A REVERSE SPLIT UNLESS
---THEY WERE GOING TO UP LIST ---OR --- A MERGER WAS IN PLACE HMMM? NO UP LISTING AND CERTAINLY NO MERGER..LETS BE SERIOUS NOW LOL
THE TRUTH:
THEY RAN OUT OF CASH TO SPEND AND SHARES TO SELL.....SO THEY IMMEDIATELY CAME OUT WITH A "WE WILL NOT SELL ANYMORE SHARES FOR A FEW MONTHS"
THEN LIKE A THIEF IN THE NIGHT DID A 15 TO 1 REVERSE SPLIT AND SIGNED ON FOR $40 million toxic finance deal lol
AGAINLOL How about a moment of honesty.....and admit when i am right? lol
First about a reverse split happening when Derek ran out of shares to sell!
Second that a reverse split almost always screws over shareholders- Just look at our PPS <$4
Third yesterdays pps would be sold off ! Just so you know...i wish it was running
I still have not gotten even to the post reverse split price, and own too many shares to sell and start flipping....
I really do not know what news aside from a huge merger or the feds rescheduling that will move this pos pps north.
NV and CA going recreational did not do a thing. News of a new dispensary does nothing.
Makes me wish for the old days when a fluff story would cause a big run lol
I imagine even opening a new grow house in CA and NV probably will not matter much either to the pps.
Which begs the question why not go big and build a bigger facility?
No need to post negative facts anymore.... the PPS speaks what the market thinks of this company and CEO...
Same ole story up .25 down .40 i do not mean figuratively
Congrats to the flippers...I often wonder if i had just grinded out the last 2 years flipping...would i have made more money than holding on to my shares... time will tell
While Derek Peterson is hoping to open a tiny small time dispensary in CA for 2018
One of the big Canadian companies is planning on taking over the global mj market
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141085968
But hey Derek has been working on a TINY LITTLE grow house in Nevada for almost 2 years lol
This company is going nowhere fast..... look at the low volume in trades and lack of interest in the forum lol
I can't wait until GOD HOPING THERE IS SOME MIRACLE AND THERE IS A FAKE RUN UP AND I CAN SELL THIS PIECE OF SHAT
THIS COMPANY HAS NO VISION AND THE SMALL VISION IT ORIGINALLY HAD --> COULD ONLY MUSTER UP $8.5 MILLION IN REVENUE AND $10 MILLION IN EXPENSES FOR 1ST QUARTER 2018 LOL
THIS IS AFTER NEVADA HAS BEEN RECREATIONAL LIVE OVER 1 YEAR AND CALIFORNIA GOING RECREATIONAL LIVE GOING ON 6 MONTHS !!!!!!
LOL
Well its official.....the pps is being taken down one last time...so certain people can buy up shares for next weeks run... Keep your shares....
FYI if you start to see a media blitz of positive reports on Monday morning---> the run to Junes vote is starting.
How about a moment of honesty.....and admit when i am right? lol
First about a reverse split happening when Derek ran out of shares to sell!
Second that a reverse split almost always screws over shareholders- Just look at our PPS <$4
Third yesterdays pps would be sold off ! Just so you know...i wish it was running
I still have not gotten even to the post reverse split price, and own too many shares to sell and start flipping....
I really do not know what news aside from a huge merger or the feds rescheduling that will move this pos pps north.
NV and CA going recreational did not do a thing. News of a new dispensary does nothing.
Makes me wish for the old days when a fluff story would cause a big run lol
I imagine even opening a new grow house in CA and NV probably will not matter much either to the pps.
Which begs the question why not go big and build a bigger facility?
No need to post negative facts anymore.... the PPS speaks what the market thinks of this company and CEO...
Same ole story up .25 down .40 i do not mean figuratively
Congrats to the flippers...I often wonder if i had just grinded out the last 2 years flipping...would i have made more money than holding on to my shares... time will tell
I hope so lol
Man how come there is no excitement running up to june recreational vote? Is the pps already factored in already?
I thight there would be some excitement leading up to the vote.....nothing
Don't worry there will be plenty of chances to buy the stock low...in fact they are begging you too.
They will start to dilute the shares again in the fall. There are so many creative and unfortunately legal ways to screw shareholders.
If you believe this stock is going to move higher than the post reverse split levels...than buying anywhere in $2's range is a good buy, that is if you have to the money to spend and leave out in the market for awhile.
I told you boys this was no run....and would be sold off ! Just so you know...i wish it was running
I still have not gotten even to the post reverse split price, and own too many shares to sell and start flipping....
I really do not know what news aside from a huge merger or the feds rescheduling that will move this pos pps north.
NV and CA going recreational did not do a thing. News of a new dispensary does nothing.
Makes me wish for the old days when a fluff story would cause a big run lol
I imagine even opening a new grow house in CA and NV probably will not matter much either to the pps.
Which begs the question why not go big and build a bigger facility?
No need to post negative facts anymore.... the PPS speaks what the market thinks of this company and CEO...
Same ole story up .25 down .40 i do not mean figuratively
Congrats to the flippers...I often wonder if i had just grinded out the last 2 years flipping...would i have made more money than holding on to my shares... time will tell
See thats what i like about you sleepy....you have a sense of humor and a good attitude.
You do not take things personal
...i love how upset telling the facts gets the "Wait for this day. year, event" club
Its been 4 years of waiting and big time disappointment.
Its to the point where only a federal reschedule will move this pos >$5 pps- which by the way, was what the pps creeped up to the day of the reverse split. It is an old trick...to get people to buy in and think the RS was for good reasons lol --> THEN SELL IT OFF
LATEST NEWS FLASH
1st QUARTER 2018 WITH NV RECREATIONAL FOR 1 YEAR AND CA REC FOR 1 QUARTER
REVENUE $8.5 MILLION AND EXPENSES $10 MILLION LOL
Thats everything together- ivxx, dispensaries, edible gardens ect... $8.5 lol
2018 BIGGER NEWS.... TRTC RAN OUT OF SHARES TO DILUTE AFTER 1 BILLION SOLD
DEREK PETERSON - WHO PROMISED AND SWORE HE WOULD NEVER DO A REVERSE SPLIT UNLESS
---THEY WERE GOING TO UP LIST ---OR --- A MERGER WAS IN PLACE HMMM? NO UP LISTING AND CERTAINLY NO MERGER..LETS BE SERIOUS NOW LOL
THE TRUTH:
THEY RAN OUT OF CASH TO SPEND AND SHARES TO SELL.....SO THEY IMMEDIATELY CAME OUT WITH A "WE WILL NOT SELL ANYMORE SHARES FOR A FEW MONTHS"
THEN LIKE A THIEF IN THE NIGHT DID A 15 TO 1 REVERSE SPLIT AND SIGNED ON FOR $40 million toxic finance deal lol
Federal changes in MJ Laws are obviously the only thing that will charge up the USA MJ industry
But thanks for pointing that out lol
And yes...i am annoyed to be holding 40,000 shares waiting for this change to happen, and hoping Derek doesn't do more damage to the company...by hiring SEC violators to the BOD, scaring off the people with the vision, business sense, and business relationships from the BOD- like Salwa and her husband.
i can go on and on
New Investors read below..how TRTC diluted 500 million shares in 1 year and how they scammed us all for 1 billion shares...leading up to a 15 to 1 reverse split out of no where! Which decreased our shares and dropped the pps from $5.50 (high) down to a steady low range of $2.25 - $2.95 HOPEFULLY IT BREAKS EVEN AND HOLDS AT $4 LEVEL
Then Derek quickly gifted himself $40 million in toxic finance!!!
Wheres the Merger?
Wheres the up listing?
I know "wait for this day" lol its been 4 years ........
New investors should also take into consideration the current financials and past history of this company and its insiders.
Have you guys noticed the only reply to posts pointing out financial facts, shady business deals, and professional moral issues we bring up about TRTC. Is that there is some kind of a alien conspiracy lol
No one cares enough outside this forum or even knows this company lol I just want to share knowledge so new investors do not get their money held ransom for 2 years or possibly taken right out from under them.
THE NUMBERS DO NOT LIE, NOR DOES THE PAST HISTORY OF THIS COMPANY. IT IS ALL PUBLIC KNOWLEDGE.
NEWBIES PLEASE READ...DO NOT INVEST IN THIS COMPANY UNTIL ITS CONSOLIDATES AND CLEANS UP ITS ACT....HERES WHY....
It is true they diluted 500 million shares in the last year
They had close to 1 billion shares outstanding? and only 88 million left before they consolidated and reset the whole insider enrichment scheme that they all created when working together at the brokerage company?
Look at the financials and it all points to enrich insiders only the pps tells no lies
This why the pps has been in the dumps for almost 4 years - These are signs of management not giving a rats behind about shareholders...hence the pre reverse split of 1 billion OS count maxed out
To get an inside look at TRTC’s reckless dalliance with convertible notes, go no further than its quarterly reports. Its 10-Q for the quarter ended June 30, 2017, notes that “during the six months ended June 30, 2017, senior secured convertible promissory notes and accrued interest in the amount of $8,839,084 were converted into 50,710,473 shares of common stock.”
How bad is the impact of TRTC’s convertible note addiction on common shareholders? The table below, which illustrates the rate at which outstanding shares have increased over the past five years, answers this question.
Year TRTC shares outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
As of December 11th 2017 903.17 million
Shares outstanding nearing authorized shares of 990 million
In five years, TRTC’s shares outstanding have increased more than tenfold and are now inching dangerously close to its authorized shares of 990 million. This means that going forward there is very limited room for TRTC’s debt holders to convert their debt into new shares. This heightens the prospect that TRTC may default on its debt. In case this happens, shareholders will be first to lose as debt owners will foreclose on the assets. This is the benefit of being a debt holder as opposed to being a shareholder. Debt holders usually have the first claim on a company’s assets in the event of foreclosure.
SO basically making > $250,000 a day and diluting 1 billion shares along with continued toxic financing to anyone willing to give them money for our worthless shares for pennies on the dollar.
THIS IS TH biggest insider enrichment scheme around.
People on this forum keep turning a blind eye to everything
Derek Peterson, Amy Almsteier ,Michael Nahass, and Salwa Ibrahim are laughing all the way to the bank.
NO it wont.... TRTC will not even be a company in 5 years. Derek will sell to the first bidder.
He just wants to get the grow facility's in place to show a full circle process and hopefully higher revenue, but i doubt the revenue will be anything near what he was guessing at on the conference call a few weeks ago.
The company is not really a good buy yet. I mean they have a tiny footprint in CA, and are not even located in the big cities. Also Dereks vision is small...A bigger company wants to buy into a bigger vision and footprint.....
I think he will sell in 2020....his revenue will be maxed out and show its highest metrics before leveling out due to federal laws and bigger hands taking over
The PPS is being pushed up alittle to try and make a small run ( and i mean small) following the CANADA national recreational vote in June.
People want to try and ride that and do a little flip and sell off.
The same can be said of the big 3 Canadian stocks starting to ramp up soon as well for the same reasons....
Should be interesting what affects it has on both markets or if the PPS value is already factored in
Tiny low producing dispensaries which are going to generate less revenue and more expense year over year, because MJ will start to become more diluted and Prices will start to come down, as well as just having high end competition.
Add on to that patients being able to order online in the near future. TRTC is not even set up yet for that delivery system. That is the real future
The future is also Growing at a LARGEEEEEE scale and having relationships globally to sell your product.
Online sales---> Which builds a cliental retention process, and introduces a superior product at a better price point.
No one wants to drive to a shady area and wait in line to enter a dispensary, while passing 4 just as good on the way ..lol
Its interesting going to a dispensary in person the 1st time, after that its annoying waiting in line , showing your license, and feeling pressured to hurry up and get out so the next customer can enter the sales room.
Dispensaries in Santa Anna are cute if you can keep expenses down and make alittle money, but its not going to drive this company to Canopy level $30 pps.
Hence why you see very little PPS movement in the past when a new dispensary opened lol
IVXX branding is a good IDEA , BUT lets face it....it has not worked. No one is looking for IVXX product
TRTC tried to flood the CA market with IVXX years ago. They sent out fluff news about how many dispensaries now carry IVXX lol
My guess was that they gave it away for cost to try and gain traction, but didn't get any reorders for their product from over 200 stores. It could have been the product or the price point....or just better competition.
This company needs global vision and leadership...... Someone who does not have a shady past with sec violations, bankruptcy's, Changing of his name to get a clean slate, someone who does not hire sec violators to the BOD!, and Does not hire Michael James as his CFO! Michael James ( fake name) stole millions of dollars from NRTI investors....read up on it folks...it was a shell company..
I can go on and on lol
With 68 million shares Outstanding. DO you know how easy it is to move the pps >$1
Yet this pos struggles with .02 cent gains lol
This is how low this company has sunk...lol Its a joke
A rally is when the pps moves north of the post reverse split price of $4 per share.
Look at you fools celebrating .10 and praising this lame duck CEO after you lost shares on a 15 to 1 reverse split and the PPS has still not recovered to > $5 bucks a share on the day OF the reverse split
Canopy $30 TRTC $2.95 lol and barely holding that pps lol
TRTC business plan and revenue stink! TRTC needs a new CEO not a pitchman with a criminal record
A rally is when the pps moves north of the post reverse split price of $4 per share.
Look at you fools celebrating .10 and praising this lame duck CEO after you lost shares on a 15 to 1 reverse split and the PPS has still not recovered to > $5 bucks a share on the day of the reverse split
Sureeeeee thats where the money will go lol What about the other $250 million dollars ( thats low number estimate) from diluting 1 billion shares and countless rounds of toxic financing... add on to that Revenue Gained and --> EXPENSES-> BILLED back to companies they already owned a part of lol
All that money generated for JUST 4 tiny pos underperforming dispensaries in NV?
Blum OAk and Ediable Gardens ?
Really lol You believe that lol
2018 1ST QUARTER 8.5 MILLION IN REVENUE AND 10 MILLION IN EXPENSE ....YEP LOL
The Canadian companies make deals that will bring in $500 million dollars in 20 months, and mergers that bring in $250 million dollars for 10% of the company.
What does TRTC do.....lol NOTHING THIS COMPANY IS A JOKE..THAT IS WHY ITS FALLING APART..
Its no wonder Salwa and her husband took the money and ran into the sunset to start a new legit company. The damage is done....
As if 500 million shares diluted in 1 year--> to max out the OS count to 1 billion shares outstanding didn't prove our point lol
What more do you need to know lol
So basically he did a reverse split because he maxed out the 1 billion OS count...and man he didn't wait long to get more shares to dilute...lol....what was it 2 months until the reverse split to get more shares to dilute? lol
No Merger
No Up List
What did Derek do the minute TRTC did a 15 to 1 reverse split lol He grabs $40 million dollars in toxic financing lol
Look at the financials and it all points to enrich insiders the pps tells no lies
This is why the pps has been in the dumps for almost 4 years - These are signs of management not giving a rats behind about shareholders...hence the pre reverse split of 1 billion OS count maxed out
To get an inside look at TRTC’s reckless dalliance with convertible notes, go no further than its quarterly reports. Its 10-Q for the quarter ended June 30, 2017, notes that “during the six months ended June 30, 2017, senior secured convertible promissory notes and accrued interest in the amount of $8,839,084 were converted into 50,710,473 shares of common stock.”
How bad is the impact of TRTC’s convertible note addiction on common shareholders? The table below, which illustrates the rate at which outstanding shares have increased over the past five years, answers this question.
Year TRTC shares outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
As of December 11th 2017 903.17 million
Shares outstanding nearing authorized shares of 990 million
In five years, TRTC’s shares outstanding have increased more than tenfold and are now inching dangerously close to its authorized shares of 990 million. This means that going forward there is very limited room for TRTC’s debt holders to convert their debt into new shares. This heightens the prospect that TRTC may default on its debt. In case this happens, shareholders will be first to lose as debt owners will foreclose on the assets. This is the benefit of being a debt holder as opposed to being a shareholder. Debt holders usually have the first claim on a company’s assets in the event of foreclosure.
People on this forum keep turning a blind eye to everything
Derek Peterson, Amy Almsteier ,Michael Nahass, and Micheal James are laughing all the way to the bank.