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No joints or oil, it says coming soon for over a year now. And what happen to edibles, vape, or beverages?
What are they doing over there with all that shareholders' money?
1) DP is once again recognized as a leader and new dispensary owners look to him for guidance so there's sort of a "what he does, maybe we should do" sort of approach.
2) New dispensary owners will need product and since everything is new there, TRTC will probably be one of the easier and more reliable sources for product.
TRTC promotes its stocks by giving out free shares to stock promoters. The selling pressure doesn't just come from Magna or Dominion, it also comes from those who own free shares.
I wonder if Larry Reid has been unloading shares as well.
When a company has no cash, shares become its only currency for continuing operation... subsequently retail investors that put up real money suffer.
The consensus of the investment community is that MJ is not a technically difficult market to get into.
With enough money, they would rather start their own business then to invest in a company that has already been running a tab of nearly 50 Millions with no sign of profit.
Nearly 50Mil accumulated deficit does not bode well for TRTC to attracted any new angel investors' money.
I think they already tried and gave up.
That pretty much sums up what TRTC PPS has been behaving since 2014. One violent drop wipes our weeks of progress.
Diluters like Magna are run by highly efficient computer algorithm that can outsmart shrewd traders any day.
If this company could fail because someone trashes its stock, this company deserves to fail or will fail sooner or later.
Find private backing, don't dump shares on retail shareholders or hire someone to sucker people into buying.!!!
TRTC is the leader in the MJ sector
When I see a missed golden opportunity to get some HUGE EXPOSURE I am going to call them out on it.
CNBC interview will mostly likely suffer the same fate as the Newsweek article that exists only in purgatory between the living and the dead.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115827756
Camel milk is innovative and require thinking outside the box.
Perhaps after visiting Blumoak's one glass display counter and one sale window on the wall, CNBC has a change of heart and won't show TRTC interview anymore.
Okay, it is not a pump.
Now let's talk about the dump.
After nearly 50Mil accumulated deficit, it amazes me that they are still dumping shares to market to sustain their operation. Why couldn't they draw their salary from their operational profit from EG or IVXX?
Storm before the calm at 8 cents?
Not a good idea as it will reveal how small an operation BlumOak is comparing to Harborside Health Center, and it is for 150Mil shares.
BlumOak customer review on yelp.
http://www.yelp.com/biz/bl%C3%BCm-oakland-oakland-3
Because it runs on hot air and everyone is anxious and fidgety waiting for the first pin prick.
When the word 'fundamentals' gets mentioned, this board becomes awfully quiet.
As a long time investor in TRTC, when someone says a PR is coming tomorrow usually means someone is going to dump millions of shares into bid tomorrow.
Recruiting paid stock promoters is also part of TRTC's growth strategy. I suspect TRTC spent more money, or give out free shares, on promoting stock then actual product development and improve operation efficiency.
Actually, it will definitely work, because these two companies are conjoined twins. one of the owners of Blum is the CEO of TRTC, and the other owner invested several millions in TRTC.
They were designed from the start to be acquired or merged at one point and to the maximum profit of the insiders from both companies.
See, if they were born as one single entity, insiders won't make as much profit comparing what will happen now.
Two of my MJ holdings went up 70% and 100% last week.
It seems the whole MJ sector is on the mend, everyone gets its turn to run, which one will hold its gain is a different story and will indicate who is still diluting.
The mob has officially arrived. Let's hope they stay after the party is over unlike last time.
We need flip side of the story as well as the positive side and leave the decision to the risk taker. ( I wish someone like me could warn me about dilutive nature of TRTC a year ago.)
This is the same argument used for legalizing marijuana, we must provide pros and cons and leave the choice to the consumers.
I vaguely remember news saying Indian reserves will soon open MJ friendly hotel chains. Competition seems to be around the corner.
Have you forgotten the last run to .18 took only a few days to drop to .13? and few weeks later down to 0.09.
There is evil force at work here which seduces you to commit followed by a quick about face.
IMO, the problem is MJMJ's business model isn't that convincing. What's preventing other hotel operators to market theirs properties MJ friendly, after seeing MJMJ raking in the money.
The service is too easy to replicate.
Uplisting? another fluff.
Have any of their finance experts (including board of directors) done an uplisting before?
As a honest guy, you need to provide the worst case scenario when buy into stock like TRTC. This is part of risk analysis that every new investors need to know, not pie in the sky crap.
Pump and dump is about building up mob mentality by paid stock promoters coordinated with company's PR machine.
When the diluters step in, your cash will quickly turn into their payroll with a blink of an eye.
As an engineer by profession, I distrust a company that relies so much on fluff to drive stock PPS instead of ingenuity and innovation.
TRTC's technology is easily replicable and doesn't provide much value to customers who are presented with so many choices of products and services. (where are the new products from IVXX?)
However, I am curious on how a company led by bunch finance experts can use basic business principles alone to stave off oncoming competitions from everywhere once NV and CA legalize.
Rich people don't buy shares, they start their own MJ company selling products named after themselves.
Those messages are part of their self-promotion from their website. Perhaps peer reviews would give you a better sense of how cutting-edge it true is.
Even then, I've yet to see any dutch hydroponics system used in growing marijuana because law prohibits greenhouse with a transparent roof.
Why would big tobacco buy a MJ company whose expertise is finance?
Perhaps tail is wagging the dog here. To engage in price war, you need plenty of cash first.
TRTC has shown no innovation in MJ products or services. No rigor or expertise in performing any chemical science on various compounds of MJ to increase competitive advantage.
Everything they did has been done before.
The only new thing that TRTC has to offer are finance related - service allowing public to buy their shares. The so-called "the First Public Traded Marijuana Dispensary"... and they are very proud of it.
Watch history channel's marijuana revolution and ask yourself where IVXX fits in?
In the world of innovate or die, let's see how much time IVXX has left.
Why else would anybody give up millions of dollars for shares in a 10 cent penny stock?
There must be a way around that like how BLUMOak's part owner is a resident of CA. Also, this is a problem they will have to solve eventually to make BLUM nationwide brand.
Simple question, why don't they acquire a CO dispensary and rename it to BLUMDenver? Which would be much more beneficial to shareholders than BlumOak, since MJ user base is much larger? That is, if cash is of no concern because of generous donors like you.
Of course, company always needs money.
but nearly 50Mil accumulated deficit and what do they have to show for it?
2 years on and quarterly loss continues... where did all the money go?
With that money, I can buy 10 dispensaries in CO and made millions net profit per quarter already.