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Trend has reversed since 0.41. Volume is lower on every rally indicating more old investors exiting than new investors jumping on-board. Where is the bottom this time? Bad earning and dilution will bring this down further.
They have run every business at a loss. New dispensaries will only add to its accumulated deficit already at 50Mil.
I always post on stocks that have spent and wasted my money, even though I don't own any currently.
Unlikely, but if they show some unexpected net profit first time in 3 years, maybe.
Disappointing earnings will always drag this back down to this level or lower.
This is a business, how much money they make or lose will eventually dictate the long term trend of PPS. Not irrational pumpings.
BMAK will be seared into your nightmare tomorrow, if buy volume cannot keep up.
Bags are changing owners quickly. cash all goes to TRTC.
So, early investors in TRTC paid DP salary and bonus shares for him to start and run his own grow op, extraction lab, and dispensary, so that new investors can pay more to acquire?
Business 101? or scam 101?
Most of these scandals were done internally before the book, it is very hard to catch it until new CEO and management went thru the books item by item.
When comes to revenue numbers, don't take a OTC company's words for it.
Greed could easily lead to accounting scandals aiming to artificially inflate stock value.
http://www.accounting-degree.org/scandals/
When volume drops off, diluters' sells into bids will start dominating the overall trend. PPS will go down gradually peppered with futile resistances.
Most private MJ entrepreneurs in CO and CA did much more with less and in shorter amount of time. With all that shareholders' money, TRTC is still waiting to open its first and only dispensary... and very limited IVXX distribution.
Where did our money go?
Efficiency is another word missing from TRTC's dictionary.
Whoever ran JCPenney to profitability is someone with real business acumen and someone we need at TRTC's helm. Not some financiers.
TRTC ran every business at a loss. Nearly 3 years and 50Mil later, EG is still losing money every quarter.
I am afraid that each new business TRTC opens from now on will only add more to the accumulated deficit each quarter. PROFIT is not a word in TRTC's dictionary and NET is for catching fish.
IMO, US investors learned their lesson last time around. This time, new bagholders are mainly from Europe that haven't seen any of TRTC's bag of tricks.
TRTC's next target: ASIA's 4.4 billion potential bagholders.
Waiting to recover more profits, sellers are more patient than buyers. But if not enough buyers show up by the end of day, watch out below. It will be the Same pattern as yesterday's.
After buy-at-ask volume dies off, the sellers will gradually bring the price down to reality.
50Mil market cap for a company losing 9Mil a year, really?
As long as TRTC reports a net loss, its revenue numbers and future guidance cannot be trusted. Too many insiders' independent business entities at play here. I hope this is not shaping up to be another Worldcom accounting scandal.
No need for me to post positive view when plenty of others are doing that already 24/7. A Balanced view is what I am striving for.
I don't encourage others to take unnecessary risks. I discuss only what the worst that could happen as rational investors should be doing.
Why would you say something like that? A company with ~50Mil accumulated deficit and never reported a profit, the correct sentiment on the eve of earning report should be DOUBT, so that you always err on the side of caution.
Actually, traders are waiting to see if they can recover some profits. If the volume doesn't increase and PPS doesn't move up before the end of day, the last hour could be disastrous.
I believe pumping is a paid mechanism/service that is more involved than posts on public message board.
I suspect there are services on wall street where you can have many brokers recommending a stock simultaneously to trigger a large upswing. Perhaps a collusion between the company and fund managers?
JMO
can anyone shed light on this subject?
TRTC stock is mostly played by traders. Their mass exodus always happen right before big events such as earning releases.
13 cents here we come.
Last I heard, stock is running out everywhere and long delay in restocking. Not a good sign to keep bringing in money. And where are IVXX joints and oil?
They are making money by manipulating share price and selling shares and not by selling products.
Where are the IVXX products?
What new investors don't understand is that BlumOak's owners are TRTC's CEO (Mr. Peterson) and sole investor (Mr. Kauffman). The merger is a facade to give insiders cash and more shares.
So this is how irrational exuberance looks like. I wonder how panic selling look like?
The only conclusion I can draw from this discussion is that Oregon is not yet MJ-friendly. Regulation is evidently not yet mature and subject to whimsical changes. Most dispensary owners and processors are therefore in a wait-and-see mode.
Volume disappearing. Downtrend commences. traders rejoice. New bagholders made.
Actually, based on the following development, only joints appear to be a safe bet at this point.
http://www.oregonlive.com/marijuana/index.ssf/2016/03/marijuana_extracts_industry_st.html
http://marijuanapolitics.com/some-oregon-marijuana-co2-extracts-contain-high-levels-of-possible-carcinogen/
Obviously, you haven't experienced that vertical drop in PPS that took about 1-2 mins.
I exited TRTC elevator around .15 and put my money elsewhere and have since enjoyed big return without losing sleep every night due to BMAK's nightmarish sells into bids which was further aggravated by daily pumps on this board and fluff news from the company.
I may reenter only when TRTC show some hints of operation efficiency and consecutive quarters of net profits.
Where are IVXX joints and oil?
Where is Blumlv.com?
Where are the other dispensaries?
Where is that Maryland MJ application?
Where is EG's next contract?
Where is that 2nd extraction lab in southern CA?
I don't understand why real investors don't bash TRTC more often if they see something they don't like but rather pumping the stock.
TRTC is obliged to make changes and be more transparent if enough investors voice their opinion.
What's with other dispensaries? have they given up NV buildout and plan on selling the licenses? What's going on with the MJ application in Maryland? or was it just another fluff?
No legend on anybody else's mind but yours. Please keep the discussion on topic and the topic is TRTC here.
This buildup is reminiscent of the same PPS uptrend in anticipation of the new permits. And you know how that story ended.
You guys may want to thank me later.
By bashing them continuously, I may have irritated them just enough to make them change their mind on dumping shares on 4/20 and allow the stock to run.
Not angry just being real.
TRTC promised us that all 3 dispensaries should be opening by now.
Hot air is the last thing we need on this board.
We have plenty from the company already.
I gave you something real.
.20-.22 by 4/20 is not real.
Here is something real for you.
30% drop after they announced 2 more dispensary permits.
20% drop after Q3 earning release last year.
Enjoy the pending big dump from BMAK. They need to pay salaries to the new hires.
What innovative products that TRTC offers that worth acquiring?
Any patented intellectual properties? No.
Any one-of-a-kind extraction method? No. They buy extraction machine from a third party.
Perhaps these big companies can buy TRTC and their finance experts to learn how to do successful financing thru public market via Pump&Dump? Most likely No.
Keep it real.
For TRTC to do well, question need to be asked is:
Having enough funding for NV build out, how come NONE of the other dispensaries and cultivation facility are being worked on? Why BMAK still diluting? Where did they spend our money? Would their licenses be suspended without showing any progress comes May.
For TRTC stock to do well:
How come people are asking the above questions? Why bashing? Trust DP and they will be built eventually. Only a fool would sell...