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Perhaps they use investors' money to grease up the SYSTEM so they run the scam unsupervised? Perhaps relatives of SEC officials are dumping shares as we speak?
To complete the buildout, they need cash not shares.
Let me put it another way.
Good company don't go public until its business model is proven. That is, it's able to make money to sustain its profit-growth cycle.
Companies like KAYS is still in the incubation period, trying out different business models. Most likely it will waste investors' money, if no effective oversight.
Currently, all public MJ companies are sharing RISK not PROFIT with their investors, since none of them are making sufficient money to sustain operation. (e.g. None of their Earning Per Share is positive.)
Good company don't go public to spread risk until it is at least cash flow positive.
Yeah right, if TRTC has prepared for anything, the Western Ave. dispensary should have opened long time ago.
TRTC is the worst procrastinator, considering how much investors' money they have spent.
How about that BlumLV.com website? more delays? It says coming soon for nearly 2 years.
All these spending including third party MJ manufacturing and web site design, will go into cost of goods sold, no profit for years to come.
Wishful thinking ;)
It's likely the opening date for the next dispensary could purposely be delayed to 4/20 of next year, just to sound good in a PR.
Your are thinking and talking recreational sales. Not going to happen yet.
Most patients with prescription cards live in suburb. Most people with chronic pain don't travel and live in casinos.
I hope BLUM don't get shut down by illegal sales to non-patients.
I doubt there will be many customer with valid prescription card willing to venture into unsavory neighborhood to buy MJ, Perhaps some cheetah customers with chronic pain of the legs.
Any private company in CO and CA did better jobs in developing MJ products and dispensaries than TRTC and BLUM ... and with far less amount of money.
When you bet your own survival on the company's success, you do everything faster and cheaper, that is, more efficiently.
TRTC tends to dump even more shares before and after big news.
I expect this to drop further when Q4 earning and grand opening news hit.
When spigot gets shut off, maintaining the high lifestyle of insiders becomes an issue, let alone reaching potentials.
And CBDS up 241% today.
Their earning reports and the scale of ongoing dilution will determine which horse will drop out of the race early.
What is eastonpharma.com? President Walter Folinski? A European casino financier?
Where are Evan Karras ( CEO & Director ) and Mr. Nunzio Valerie(President and CFO)?
http://www.eastonpharmaceuticalsinc.com/ seems to have gone offline for a week and came back online just now.
And where is the PR on positive financial initiative?
Something is fishy here.
OTC stocks are all share-selling scams. A good company doesn't go public unless they are cash flow positive.
The irony is the biggest reward came from the biggest scam of them all, PHOT, which offers the most percentage gain by relisting.
Mediocre scams like TRTC just won't do.
BMAK is watching closely, With each tick up, its finger on the trigger tightens. And when the time is right, a few large sells into bids will bring us right back down to this level and in the process create a few more bagholders.
The OTC market is full of such asset-less share-selling companies formed by bunch of financiers who use shares as currency to acquire their initial assets and therefore put up a facade of real developing company, while Its true nefarious purpose is to enrich insiders by selling more shares.
The type of scam can only be the product of corrupted wall street and worthless MBAs minted annually from our business schools.
In retrospect, the real scam could be the holding company Latteno, and whoever is running it, which bought Mekonza, probably with printed shares, to sell more shares and did not fairly split the cash with Mekonza founders. Mekonza's vienamnese founders decided to take the asset elsewhere and hence V-Star was formed.
Latteno holding is the real share-selling scam behind the scene. All the Latteno PRs after the split, including Latteno R&D and Hemp farm in CO, are all smokes and mirrors to sell more shares.
TRTC has spent and wasted my money and investment. I'm here to warn others about this wasteful scam, some called it insider enrichment scheme.
With the amount of money they spent, a driven and frugal private entrepreneur can open many dispensaries in any of the legal states and raking in the cash already.
The first Q earning report is going to be horrendous because TRTC has been "building" something revenue generating. And if the merger doesn't get approved in time, we see 0.08.
As soon as TRTC start doing something supposedly revenue-generating, cost goes way up. The reason for the temporary reprieve that gave false sign of improvement is TRTC hasn't done much during the second half of 2015.
When was last major contract signed by EG? May 2015 with Walmart.
When was last major IVXX product introduction? March 25th 2015.
What have they done since besides selling shares?
A lot of online retailers, but only Amazon emerges as the most popular web services.
Like I said, if done right, it can do some serious damages to other retailers or delivery services.
The social networking aspect of a web service can have unforeseen snowball effect that attract more and more customers.
Public or not, they are following the amazon delivery model which, if run successfully, will kill off a lot of retail businesses.
Fierce competition is going to drive down MJ's profit margin, companies without cash reserve will be the first to go.
Another competitor emerges, www.getsava.com.
while TRTC investors asking where are IVXX joints and oil?
They spent investors' money. Therefore, it's TRTC's responsibility to show how much they paid themselves in cash and shares with total transparency.
Consider your question a request to TRTC management to release an itemized list of such payments for years past... including shares illegally sold by Nahass from an untraceable brokerage account.
Really, how about that untraceable brokerage account by Nahass for Liquidating shares.
Now that Nahass's license has been suspended, perhaps KENNETH is filling his shoes.
They do just enough to sell shares.
For TRTC, making money from selling shares is so much easier than selling actual products.
Perhaps you want to wait till this is at 0.0001 or no bid and post that. We can all use a good laugh.
Eerily similar to my earlier argument that TRTC would report net profit and subsequently rising PPS, if they don't do anything but sell shares, since every business they've ever engaged in cost more than what it takes in.
Investors want to know what TRTC is doing with other licenses? After all, they are spending investors' money.
Any progress on the cultivation lab? Reno dispensary?
What will happen to TRTC's other licenses comes May 3rd 2016?
Profit taking at this level? Majority of them have already exited around .17-.18.
Anyone exited at this level must believe PPS will go much lower for the exit to make any sense.
Yes, 30% drop after the announcement of two additional dispensary permits... a nightmare that is still fresh in my mind.
None of them are first until you add the word PUBLIC, and that simply means: we don't have cash to run our business and need public help to finance.
Not something I gloat about.
Unfortunately, TRTC's earning reports do not agree with you.
Every business entity that TRTC has grown using dilution has been losing money each quarter (IVXX, EG, GrowOp, etc.).
Up to this point, I've to say TRTC is a poor quality penny stock And I don't see Blum making profit any time soon.
TRTC doesn't know how to run a profitable business as evident by its ~50Mil accumulated deficit.
No private entity, such as the Nevada Indian tribe, would want to partner with a company that has a track record of wasting investors' money.
Any talk of private placement is a fiction.
Nevada Indian tribe doesn't see the same potential in TRTC as you do. They'd rather partnered up with an out of state company, ultra health, than with TRTC, the leader in the MJ sector, even though TRTC 'has been negotiating' with them.
Dynamics has always been the same. Slow crawl to the upside followed by quick selloffs to the downside.
Until BMAK and other diluters stop diluting, I don't see this dynamic changes any time soon.