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Why is PPS a measley .0001 after news of soft close? Why is volume doing so poorly on the news?
The reality of a tiny vape company with only two small stores, and a quite minimal on line store begins to be obvious to investors.
I have seen estimates (on this board) of 400K gross income for Cigawatt. That is before rent/lease, salaries, utilities, taxes, cost of goods, and soon adding a CEO's salary on top of all that.
Net LOSS is nearly assured. For SURE minimal net income. The first full quarter after close will be proof one way or the other.
Will LIBE common shareholders be allowed to see the results of the Cigawatt audit? We already KNOW Conway will allow no vote by shareholders.
Can tiny Cigawatt carry the load of the soon to be 3 to 6 billion in the OS, and remaining unpaid liabilities that cannot be settled since there are not enough shares available to dilute to pay it all off? And now volume has plummeted once again as the harsh reality is settling in? It's going to take quite a pump to get people buying again.
So after close (if it does close) the new company starts with large liabilities and with 3 to 6 billion shares in the OS. All with around 400K gross income. Minimal if any net income. And probably net loss with a CEO salary tossed on top.
Seems like selling shares will be the main business of the new entity.....
AOC? LOL!!
She has burned her bridges with BOTH parties and can't get it done.
Terra Tech Announces Plans to Commence Adult-Use Market Sales at its Blüm Cannabis Dispensary in San Leandro, California
City Council of San Leandro, CA Votes to Allow Adult Use Sales
Terra Tech Announces Plans to Commence Adult-Use Market Sales at its Blüm Cannabis Dispensary in San Leandro, California
City Council of San Leandro, CA Votes to Allow Adult Use Sales
The ordinance is subject to a second reading which is scheduled to occur on April 1, 2019 and will go into effect on May 1, 2019. The ordinance would allow for existing medical dispensaries to sell cannabis to recreational users 21 years of age or older, starting May 1, 2019. The Company currently operates the only licensed medical cannabis dispensary open in the City at 1915 Fairway Drive San Leandro, CA, 94577.
https://www.terratechcorp.com/news-media/press-releases/detail/252/terra-tech-announces-plans-to-commence-adult-use-market
I never like to average up on my PPS, but I added another 20,000 shares anyway. Now at 240,000 shares.
There is no cash on hand to buy back the debt
LIBE nor Cigawatt sell that product. Completely unrelated to LIBE and Cigawatt. Unless we want to link to competitors that actually offer this?
Meanwhile LIBE is at .0001 pps, and only $505 in stock trades on Friday.
Three and one half months later, Conway's failures continue....
***IF*** this deal actually closes (and I think it will) you should be able to get .0003 on the hype of the close. Maybe more.
But don't hold too long - as the reality of a tiny vape company with only two small stores, and minimal on line store begins to be obvious to investors.
I have seen estimates (on this board) of 400K gross income for Cigawatt. That is before rent/lease, salaries, utilities, taxes, cost of goods, and soon adding a CEO's salary on top of all that.
Net LOSS is nearly assured. For SURE minimal net income. The first full quarter after close will be proof one way or the other.
Will LIBE common shareholders be allowed to see the results of the Cigawatt audit? We already KNOW Conway will allow no vote by shareholders.
Can tiny Cigawatt carry the load of the soon to be 3 to 6 billion in the OS, and remaining unpaid liabilities that cannot be settled since there are not enough shares available to dilute to pay it all off? And now volume has plummeted as the harsh reality is settling in? It's going to take quite a pump to get people buying again.
So after close (if it does close) the new company starts with large liabilities and with 3 to 6 billion shares in the OS. All with around 400K gross income. Minimal if any net income. And probably net loss with a CEO salary tossed on top.
Seems like selling shares will be the main business of the new entity.....
I see you left the rest of my statement out?
Yes, my account value for TRTC is "currently" in the red. My overall history with TRTC is NICELY GREEN, though you cut that part of my statement out.
I have mentioned many times I am holding for Q2 and Q3 of 2019.
TRTC is not some ridiculous empty shell. TRTC holds valuable licenses, has products on the market, buildings, assets, expansion underway.
Know what you own. Like a stock with actual assets.
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Here is more of the post you replied to:
I bought a bunch of shares in 2014 and 2015 when PPS was depressed. Sold them all in 2016 for multi baggers.
Bought back in later, and occasionally buy lows, selling portions on highs. Overall, since 2014, I am still overall green with TRTC including my account as it sits now. In other words, my account is red right now, but I am still dollars up overall.
TRTC ALWAYS fluctuates. Sometimes it takes 6 months or longer to flip.
Playing the fluctuations with TRTC is a near sure way to make money but it takes risk and it sometimes requires patience. I expect to sell again for multi baggers during 2019.
TRTC is nicely positioned for federal law changes. There will be wailing and gnashing of teeth when TRTC sells some assets and licenses in 2019. I will celebrate it when it happens (and it WILL happen).
The second cultivation license in NV (not built out) will sell within the next 3 to 6 months. I expect other sales of assets. It will slow or end dilution and toxic financing.
I also diversify "just in case". 5 total OTC stocks, plus a managed by USAA account.
2019 Q2 and Q3 will show us improvements with TRTC.
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My last sell (portion) was at 2.30. Last buy at .55. I buy lows, and sell PORTIONS on highs.
That not only manages the PPS average, it allows me to take profits. I have clearly stated multiple times that Q2 and Q3 of 2019 is where I next expect to take profits. That and/or federal law changes.
Never fall in hate with a stock, when proven regular fluctuations allow for trading along the way.
It's good that you agree there have been dozens of opportunities to buy TRTC low, and sell higher dozens of times since 2015.
Never fall in love with a stock, and never fall in hate with a stock.
Buy low, flip portions on highs. That will manage the PPS average, and allow taking profits along the way.
Welcome to the reality of the OTC.
Very few OTC stocks are worthy of long term investments versus trading them. Especially empty shells averaged down on dozens of times from .10 to .0001. LIBE is a PERFECT example of good "for traders but bad news for long term investors".
Even a massive success like CVSI. HUGE run. MASSIVE multi bagger. But it did eventually retreat on PPS.
Buy the lows, flip portions on highs. Never fall in love with a stock, never fall in hate with a stock. Make money, not love or hate.
Branding is the excuse for no products available after NINE MONTHS of the web page going active with CBD products on the page??? LOL!!!
NO trades. NO volume. NO revenue. NO investor interest. NO products on market. Not even any current advertising! "Branding".
GRVE is much like LIBE's last 4.5 years. All hat, no cattle. Hard to brand cattle that are only in the imagination and do not actually exist.
Are "GuardLites" still in branding stage as well? Will Cigawatt implement them at the Playboy mansion, or in Tipton CA? Imagine.....
And there have been DOZENS of opportunities to do the same thing since 2015 if one would only play the fluctuations instead of boycotting a stock entirely for whatever reasons.
Buy low, sell higher.
21 Feb TRTC was .56. Close on Friday TRTC was .971. 73.39% gain.
Buy the TRTC lows. TRTC has had regular historical FACT fluctuations for YEARS now. Learn the history, predict the future, and play the fluctuations.
Never fall in love with a stock, and never fall in hate with a stock. The goal is to make money. By learning regular trends and playing them, money can be made.
My last TRTC sell was at $2.30. My last TRTC buy was at .55. Sure I could have sold some on this latest high. So why didn't I? Because Q2 and Q3 will allow me to sell higher than this last fluctuation.
Meanwhile my other diversified OTC plays are doing well.
Diversify. Own stocks that have actual products on the market. Play known fluctuation patterns.
Learn to play the PREDICTABLE fluctuations.
Buy low, sell higher. Reminds me of a advertisement on TV about cavemen.
21 Feb TRTC was .56. Close on Friday TRTC was .971. 73.39% gain.
The stock you like to use in comparison is LIBE. 21 Feb .0002, close Friday was .0001 with TOTAL dollar trades at $550. Down 50%.
Buy the TRTC lows. TRTC has had regular historical FACT fluctuations for YEARS now. Learn the history, predict the future, and play the fluctuations.
Never fall in love with a stock, and never fall in hate with a stock. The goal is to make money. By learning regular trends and playing them, money can be made.
My last TRTC sell was at $2.30. My last TRTC buy was at .55. Sure I could have sold some on this latest high. So why didn't I? Because Q2 and Q3 will allow me to sell higher than this last fluctuation.
Meanwhile my other diversified OTC plays are doing well. Especially INND that will now be entering the CBD market, and that already has 8 sticks and bricks hearing aids stores with more in implementation, and on line products on Amazon and Walmart.
Owning only one OTC empty shell company like LIBE for 1.5 years, that had zero revenue and zero products has not worked out for investors.
Diversify. Own stocks that have actual products on the market. Play known fluctuation patterns. Make money - why else own stocks?
It is a simple fact that GRVE is dead, and has zero CBD products available for purchase. A less than 3 minute internet search is proof.
Cigawatt would be incredibly stupid do any deal with that dead broken failure GRVE.
GRVE has a pretty nice web page with nicely done ads. HOWEVER, NINE MONTHS LATER "Pre-Orders Coming Soon" LOL!!! After NINE MONTHS, pre-orders coming soon!!! Great job Conway, as "consultant".
Hiring Conway to be their consultant was a horrible mistake. Conway was moonlighting for GRVE while his own company he was CEO of completely failed. Both companies were complete failures. And Conway involved in both FAILURES.
I have learned by watching LIEb for the past 1.5 years. Same as it ever was.
Buy the rumor and sell the news failed. AGAIN. With news of the Cigawatt 8K PPS did not achieve the predicted .002. It didn't even achieve .0004!
PPS is still .0001, and total trade volume on close at Friday was $505.
Investors wised up. The new bag-holders created by all the Cigawatt hype are now stuck - just like all those who bought LIEb shares for the past 4.5 years are stuck.
So volume was only $505 because of dilution????? That's backwards of how it actually works.
Dilution means a flood of cheap shares. MUCH more than a mere $505 worth.
Lack of volume like only $505 means investors have wised up and stopped buying.....
Why was Friday's volume a measley $505 in trades?
02/27/19 09:47:47 PM
On February 28, 2019, the Company entered into a Stock Purchase Agreement (the “SPA”) with CigaWatt, Inc. (“CigaWatt”) and the shareholders of CigaWatt to purchase 100% of the outstanding shares of capital stock of CigaWatt in exchange for $200,000.
PPS is .0001 and Friday's total dollars traded under $505.
Pathetic!
I am in 5 OTC stocks, with this my second largest dollar investment. I think this one will give the best returns - by FAR.
TRTC management certainly has made mistakes along the way, as proven when they have changed course as they learn from their mistakes.
I bought a bunch of shares in 2014 and 2015 when PPS was depressed. Sold them all in 2016 for multi baggers.
Bought back in later, and occasionally buy lows, selling portions on highs. Overall, since 2014, I am still overall green with TRTC including my account as it sits now. In other words, my account is red right now, but I am still dollars up overall.
TRTC ALWAYS fluctuates. Sometimes it takes 6 months or longer to flip.
Playing the fluctuations with TRTC is a near sure way to make money but it takes risk and it sometimes requires patience. I expect to sell again for multi baggers during 2019.
TRTC is nicely positioned for federal law changes. There will be wailing and gnashing of teeth when TRTC sells some assets and licenses in 2019. I will celebrate it when it happens (and it WILL happen).
The second cultivation license in NV (not built out) will sell within the next 3 to 6 months. I expect other sales of assets. It will slow or end dilution and toxic financing.
I also diversify "just in case". 5 total OTC stocks, plus a managed by USAA account.
2019 Q2 and Q3 will show us improvements with TRTC.
One place at no cost: https://www.otcmarkets.com/stock/INND/overview
Reefer Madness is madness and will end soon.
CONGRESS getting closer to de-regulating MJ... MJ stocks will fly high soon.
Congress: Over 25 Percent Of House Members Sign On To Marijuana Banking Act
Thursday, 14 March 2019
https://norml.org/news/2019/03/14/congress-over-25-percent-of-house-members-sign-on-to-marijuana-banking-act
More than one-quarter of US House members have signed on to newly introduced legislation to facilitate greater access to banking for state-licensed cannabis operators.
The 2019 version of the Secure and Fair Enforcement (SAFE) Banking Act was introduced last Thursday and now has 113 co-sponsors -- the most ever for a marijuana law reform bill.
Under federal law, banks and other financial institutions are discouraged from entering into relationships with marijuana-specific businesses. This has led to the industry operating on a largely 'cash-only' basis.
Last month, members of the US House, Consumer Protection and Financial Institution Subcommittee heard testimony in favor of federal banking reform. NORML submitted testimony to the Committee, opining: "In short, no industry can operate safely, transparently, or effectively without access to banks or other financial institutions and it is self-evident that this industry, and those consumers that are served by it, will remain severely hampered without better access to credit and financing. Ultimately, Congress must amend federal policy so that these growing numbers of state-compliant businesses, and those millions of Americans who patronize them, are no longer subject to policies that needlessly place them in harm's way."
The SAFE Banking Act is one of several marijuana-related bills introduced in Congress in recent days. Other legislation includes The Ending Marijuana Prohibition Act of 2019, The Marijuana Justice Act, The Next Step Act, and The Marijuana Data Collection Act of 2019.
PPS is .0001 and total dollars traded under $505.
Pathetic!
Buy the lows.
Fact is it closed green today. .56 on 21 Feb. 110.71% gain since 21 Feb.
Buy the lows.
Green close today. Investors are actually happy when there is a green close.
Buy the lows, sell portions on highs.
Hold a core for legalization, and for banking, and taxation law changes at federal level.
Exactly. Yet read what has been written of this known and anticipated tranche. LOL!!