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Any MJ company, public or not, that a patient can buy cannabis from is a competition to TRTC. They took away potential sales from TRTC.
Of course, if you are a trader and all you care about is stock price, this may not make sense to you.
Yeah right, TRTC does not need to be the best run company in term of business efficiency, just need to be around average or slightly below is good enough to invest. (Say, 3 standard deviations around the mean.)
What happened to the spirit of aiming high?
I worked for a tech company that went IPO in early 2000.
We became cash flow positive at the time of IPO and after three rounds of private funding total no more than 20mil.
That company is a lean and mean money making machine.
TRTC is a pig in comparison.
If you are creating space rockets or developing genetic cancer therapy, I can see why large initial spending is necessary.
Growing and selling weeds does not need 50mil. Someone somewhere in TRTC is wasting money.
How investors live is not your concern.
TRTC spent our money and we are the boss of TRTC.
How TRTC spends our money is and should be our concern.
Being a public company is not something you are proud of and go around advertising about, especially TRTC has been losing money in all business entities since day one.
How many hard working entrepreneurs get a chance to waste ~50Mil investors' money?
Yeah right, real player opened outside brokerage account and secretly liquidating shares.
Can't go to summit now that it has become public knowledge.
TSLA is in an industry which requires a lot of technical know-how to enter. MJ on the other hand is extremely easy to enter, as long as you have money, you can start your own brand (e.g. tokyo smoke). This market is therefore fiercely competitive.
When many established private MJ enterprises become cash-flow positive and opt for IPO to finance their next-stage of growth, TRTC will be in trouble.
Bottom line, financing a money-losing business in an extremely-easy-to-enter market doesn't make sense for the investors, unless you are short.
Every TRTC earning report is followed by large percentage drop of PPS due to, IMHO, ever increasing accumulated deficit and loss per share.
The cost of goods sold + Administrative expenses will annihilate all revenue with nothing left to celebrate.
The story of TRTC PPS... slow crawl to the upside only to be wiped out by a barrage of large sells into bids. Meanwhile, retail investors unwittingly hit that buy button cheered on by paid promoters promising blue sky and unknown riches.
Don't forget those shares liquidated by Nahass illegally via an outside account during 2014-2015. Since those didn't show up as insider trades, we have no idea how many shares had been liquidated that way.
A trade is a buy and sell, the amount is the same but what matters is whether this trade is a sell-at-bid or buy-at-ask? Insider sells are mostly likely former since TRTC's buy volume has been low throughout that period. Selling at bids are extremely destructive to the PPS when buy volume is low.
Can you kindly point out which part of my statements is slant?
Edible Garden Corp
283 County Road 519
Belvidere, NJ 07823
Naturally Beautiful Plant Products
283 County Road 519
Belvidere, NJ 07823
TRTC/EG is the public business entity that finances and sells NBPlants products. EG itself is an empty shell. All it does is to repackage and rebrand.
I often wonder if early shareholders of TRTC involuntarily financed NBPlant's existing debt thru EG ... and that was where majority of the ~50 mil accumulated deficit came from.
TRTC without EG was once called private secretary whose expertise is public financing with no product of its own.
These rich TECH people are bringing innovate-or-die competitiveness to the MJ market. How long does IVXX have left?
Well, in comparison, I provided rational and analogy that is about 1000 word more than your retort.
Yours is much easier.
And my msg was about TRTC.
It is VERY EASY for anyone to constantly provide rosy projection. After all, it is just lip service and share price manipulation.
Doing the actual work to produce revenue is HARD WORK. TRTC crew don't strike me as people who do much real work comparing to other entrepreneurs given two year time and plenty of cash. But when come to TV appearances and radio interview, DP is first there to share his insight.
If you are a owner of a restaurant and you attend to all details of the restaurant's operation 24/7, you can significantly reduce food cost and increase operating efficiency tremendously.
But if you always hire someone to do your job while you play golf somewhere, food cost tend to skyrocket because of the unreasonable charge by the middlemen... and this often result in dwindling business profit.
IMO, if these three things could have happened during 2014-2015, TRTC stock would have stayed above 0.50.
(1) EG is cash flow positive.
(2) Nahass not liquidating shares.
(3) Found Private placement or finance partner (like Indian tribes).
The fact is everytime TRTC's awful earning report comes out its stock price drops 20% or more.
Well, I bought in at 0.08 in Dec 2013. I am no day trader, so I hold thru the run-up and the crash and finally sold all at 0.15 with an avg at .70.
In retrospect, the crash from 1.42 back down to 0.08 is probably due to Nahass's liquidation of shares in addition to Magna and Dominion. And I can't believe throughout that time, TRTC couldn't get any of its business entity to make profit while wasting million and millions of investors' money.
With this kind of business efficiency bordering on intentional scam, I would not recommend buying TRTC at any entry point.
There are billboards all over town for new dispensaries in Vegas. ReLeaf advertising in taxis. Multiple "The Grove dispensing soon" billboards - but I don't see any sort of TRTC advertisement whatsoever. TRTC really is a pipsqueak in comparison.
A good metric for judging a company behind a dispensary is how much passion does a dispensary show in doing its job. If a dispensary is setup so that the company can sell shares, its employees will be constantly lack of enthusiasm and at worst perfunctory.
For example, check out BlumOak's review on yelp,
http://www.yelp.com/biz/bl%C3%BCm-oakland-oakland-3
Not exactly patient first.
Like I said, this is not about me and you, this is about TRTC.
Please don't change topic.
In which part of my past statement that show I am not taking responsibility?
I've been providing objective analysis of all the risks of owning stock like TRTC that is built on dilution alone and it's lack of business efficiency because no one is watching over their shoulder.
My prediction is that first dispensary at Western ave. will be run at a loss from TRTC, like every other business TRTC has ever engaged. 50% ownership, salaries for employees, raw material cost, utility, Tax, etc.
Unfortunately, that IVXX shatter you are smoking was once funded by my misguided investment that I could not get back.
So, technically, I am a co-founder of TRTC & IVXX that prefer to warn others about my poor choice of investing. Nothing wrong with warning other pedestrians of my dog that bites.
Search this board on Nahass. Don't ask others to do your DD.
You buy stocks of a cash-flow positive company to bet on its continuing profit-expansion growth cycle.
You don't bet on a company that can, at best, lose less and less money each quarter while deficit keep 'accumulating' and growth is anemic to none due to chronic lack of cash.
Unless you are a trader looking for gains from short-term fluctuations and you are here 24/7 to incite that fluctuations.
Any company that opt for IPO before being cash-flow positive is a red flag.
TRTC, not only not cash-flow positive but also toxic debt laden and continue to lose money each quarter while giving out bonus in shares, is bordering on scam... and this is after TWO YEARS of operation sponsored by a group of very generous shareholders.
Don't even get me started on that little sideshow ran by Nahass.
(Using PIPE Financing + ~50Mil accumulated deficit) / (Two year time) = (very few IVXX products on sale and one small dispensary) = Bad Business Efficiency. Therefore TRTC is doomed.
Don't get me started on that little side show ran by Nahass.
Yes, looks like is exceedingly tough for those "finance experts" at TRTC.
Two years on, still financing business, that lose money every quarter, by selling shares to public market, and even used an outside channel to liquidate shares.
What really bakes the noodle is what services did Nahass provide to TRTC that deserves 1.2M cash and stock compensation?
Perhaps an outside channel for insiders to unload shares?
Now we know who have been dumping those shares. Using that nice little setup by Nahass, insiders can dump shares without reporting.
I guess you are a first-time TRTC investor.
TRTC earning report has been a horror show every time since 2014. The PPS always tanks ahead of release and drop 30%+ after.
I see no difference this time. There has been more spending than earning since last quarter.
What happened to Caprock's 0.15 short term projection? It is turning into a joke.
The longer that projection stays on the IHUB USMJ page, the bigger the joke it becomes.
Someone please takes that down.
Any links to images of IVXX joints, oil, or vapes on sale?
thought so...
TRTC spent more money promoting stock then actual product development. Another quarterly loss will be mostly made of money paid to stock promoters.
And where is IVXX joints, oil, or vapes?
Frankly, seed to sale doesn't mean that much at this stage. I believe when Nevada MJ regulation becomes more mature, they will introduce a certification process to only a few growers that can meet the minimum quality control requirements. And dispensaries can only purchase MJ from those designated/certified cultivators.
After that happens, all the home-grown backyard growers will be weeded out.
Among the stocks that I monitor, TRTC has the most hypes. It goes to show how important retail investors' money is to TRTC's current and future finance.
With nearly 50Mil accumulated deficit and quarterly loss, I can see why continuing donation from retail investors are so critical.
The insiders probably hold non-dilutive shares while retail shareholders' stocks get diluted to smithereens.
Every decision they made is to enrich themselves first. Good luck holding those shares.
Of course, I am not speaking for those who hold free shares for providing a service.
Well, here lies the issue. There is a fine line separating incompetency and scam. TRTC is a scam in an incompetency's guise. And there is no law against incompetency.
Because this Super Pacs of so-called Financial Experts appreciate each others' skill and ability in raising exorbitant amount of money from public market without accountability and jail time.
Uncle Larry and son Rory. Watch out, they may come punching you lowly TRTC share holder for mistakening their name.
http://www.foxnews.com/politics/2015/02/05/brother-sen-harry-reid-accused-punching-nevada-state-trooper.html
Good point that IVXX has ONLY been out for a year. Your expectations sound unreasonably high. TRTC doesn't have that many people yet.