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I am not investing...
This, however, is a curious business scenario that I am interested in finding out what the possible outcomes are.
The value of LATF at this point is not its business, but its public status (able to sell/buy shares in a public market.)
It is possible that it will attract a private company to do a reverse merger, change its name and ticker, and start active trading again at higher pps.
I will not recommend buying any share of TRTC until it can:
(1) grow on it's own from the existing revenues of IVXX and EG.
(2) find external angel investments and not from old buddies.
(3) find meaningful partnership to establish other sources of revenues.
It they cannot do any of these, they have no business running a company.
In old Japan, when an executive ran a company to 50M deficit, he usually take a knife to the gut, that is, if he has any guts.
While some may argue that dilution is necessary, and while I wouldn't even disagree, the effect of dilution on the PPS is indisputable.
Then the question is: does the accumulation offset the amount of dilution in sustainable fashion?
Look at TRTC's chart, the answer is clearly no.
TRTC has insatiable appetite for shareholder's money, more the better.
When a promoter says buy, it is most likely a lie because he is doing favor for a paid client.
when a promoter says sell, it is most likely the truth, because he is no longer getting paid.
Would a promoter sas buy when he is not getting paid? Very unlikely.
The day when TRTC unveils the new web site will be another opportunity for massive diluter's dumpage. Meanwhile they patiently accumulate share value from unwitting volunteers.
Like the quick and the dead, who is the first to pull the trigger before TRTC brings out the gatling gun?
Too bad, much of TRTC's under-accomplishment so far is due to my previously depreciated shares, even though I am no longer owning any shares. So I think I have right to stay, but I will suggest people not to buy.
Right, and this is how it works...
You buy TRTC shares to contribute to DP's private grow business's profit. The business grows to certain size. and now you buy more TRTC shares so that TRTC can acquire that grow business... with cash or more printed TRTC shares.
Next, the same steps are applied to another extraction lab and/or grow op at different locations.
More diluted shares for you....and billions of cash to DP.
Very logical indeed.
The IVXX revenue is bottlenecked by the production capacity of DP's private grow op for supplying raw materials and ONE SINGLE EXTRACTION LAB.
You would think they could go to another grow op to expand capacity. BUT why would they want money going to anyone else but DP's private business?
My gut tells me not to invest.
Company like TRTC needs to learn how to tighten their belt during lean time. After nearly 50 millions accumulated deficit and declining PPS for over a year, they are still relying on shareholders money to survive? That is just ridiculous and totally unacceptable.
300,000+ went to private grow op with 50 Millions accumulated deficit? while PPS went from 1.4 to 0.09?
The only ones laughing are those doing regular bank deposits during this time.
The problem with TRTC is that the future risk is not fairly assigned to the participants. Too much risk is placed on shareholders as a whole. When the number of shareholders decreases, the few remains will shoulder the most risk...
and the only way for those remaining share holders to spread the risk is to come to forum like IHUB and recruit more participants.
Let's see how this OTC ticker's risk spread among its participants.
Participants include (1) management, (2) salaried workers, (3) financiers, (3) share holders.
Please divide 100 to 4 integers and assign to each group and please don't be afraid to post the result here.
Which group of the participants could lose it all when TRTC go bankrupt a year from now?
The risk value is all forward-looking and not including what have happened up to this point.
Please show your support by buying up all Dominion's remaining shares. Lead the way to the light at the end of tunnel.
In the last 10Q, TRTC paid 300,000+ to a private grow op for raw materials. I guess TRTC will use more investors' money to acquire that next?
After 50 Millions accumulated deficit, perhaps DP should consider acquiring that grow operation with his own money and give it to shareholders as Christmas gift?
If not, TRTC is truly a bottomless pit to throw your hard-earn money into.
Meanwhile, let's NOT buy their shares, forcing them to be self-sufficient. It is this very process of natural selection that will improve their business efficiency and allow them to survive the lean time and finally come out as winner.
I will only invest when they can re-emerge as a lean, mean money making machine.
More folks who can't look forward...nor understand the progress.
Yes, it's all about the trajectory of dilution and the race to go cash flow positive. TRTC IMO is a company that will win that race.
Someday soon TRTC will stop issuing new equity, especially when banking is allowed. People will look back at .08 to .11 and think damn I "coulda, woulda, shoulda"
Place your bets....
Acquiring Blum? with what? TRTC stocks?
This is obviously another rip-off on share holders to benefit insiders.
Buying TRTC shares is like buying a computer. Most early shareholders thought they have a fully equipped computer. but turns out, to do anything useful, you need to pay for upgrades on graphic cards, network card, or memory. And by the time you got everything up and running, your CPU is out of date.
TRTC is a bottomless pit to throw your money into, they have insatiable appetite on shareholders' money. Give your money to charity, at least someone will thank you for it.
My criteria for investing is look at a company's business operating efficiency. For one cent invested, I expect them to make 2+ cents back and do so in the minimum amount of time possible.
TRTC has a bad business engine, wasting investors' money seems to be their modus operandi. Meanwhile, they keep dishing out pies in the sky to keep that leaky engine going.
And this has nothing to do with how they get their funding.
The amount of buys and sells doesn't matter that much.
What matters is the willingness to sell at bid vs. the willingness to buy at ask.
Looks like people are willing to let go of their precious TRTC shares cheap today.
Or perhaps the diluters from Magna are at work again?
If TRTC couldn't even convince one whale (angel) to invest, why should we - the average joe?
The one thing I learned about TRTC as an investor is that any mediocre news will be followed by extraordinary 30+% drop in PPS.
How about that vacation to Monaco? How much investors' money was used to pay for that trip and, like always, nothing came out of it?
TERRA TECH CORP. TO PRESENT AT THE MONACO GROWTH FORUM NOVEMBER 17th-18th
Good, stay that way. TRTC has already used up a lot of investors' money and look at what they have accomplished? No dispensary and no profit.
With that 50 millions, they could have moved their headquarter to CO, WA, OR, acquired a few dispensaries and started the profit making machine long time ago.
Investors should stay away from TRTC to wean them from selling shares for easy cash without accountability and force them to be independent. Find a way to be profitable from one business entity and use that profit to bootstrap another.
If TRTC can do that by itself, investors' money will follow.
The root of all TRTC's evil is the lack of cash.
They received 8 license without pre-allocating enough cash for the build-out. And I wonder how much of investors' money were paid to Rory Reid for those licenses? Money not wisely spent since every one applied eventually received license(s).
All the hypes from members on this board and the company itself make you think they have everything planned out. but apparently, they are still living on shareholders' money, maybe for years to come, since they seem to have trouble attracting angel investors with nearly 50 mils of accumulated deficit under their belt.
Bottom line, don't spent what you can't afford.
2.5M for a 12% stake in a dispensary? What a rip-off on share holders set up by insiders.
51 Million accumulated deficit, continuing toxic financing, not a single dispensary operating, all subsidiaries are losing money, and this is how much CEO collected last year:
http://www1.salary.com/Derek-Peterson-Salary-Bonus-Stock-Options-for-TERRA-TECH-CORP.html
On top of all that, 300,000+ went to his private business. Doesn't add up for investors.
unfortunately, those are not accomplishments but forward looking statements... Unless you consider registering a company an accomplishment.
I registered an LLC once with 100 bucks and it took only a week.
Let's come up with a list of what TRTC has accomplished with that $50 Million accumulated deficit.
(1) Not a single functioning dispensary.
(2) One single extraction lab inside another company's dispensary.
(3) IVXX paying 300,000+ to DP's private grow op.
(4) EG is Still leasing land from another company.
(5) All subsidiaries are still losing money quarterly.
Like I said, bad business kernel is the reason I stop being long on TRTC. And I agree with you that every startup has accumulated deficit in the beginning. But TRTC is beyond that argument already.
TRTC's operating history resulted in nearly $50 mil accumulated deficit will hamper its effort to get any angel investor's money and not to mention Maryland's state license.
Business Kernel is a process and the governing principle behind a process that when applied repeatedly to the selling of a commodity can produce value for its investors.
Unfortunately, TRTC demonstrated clearly it has a bad kernel at its core.
TRTC's operating history resulted in nearly $50 mil accumulated deficit will hamper its effort to get any angel investor's money and not to mention Maryland's state license.
Business Kernel is a process and the governing principle behind a process that when applied repeatedly to the selling of a commodity can produce value for its investors.
Unfortunately, TRTC demonstrated clearly it has a bad kernel at its core.
Until then, I can have good sleep every night. After all, no amount of money can buy you good health.
I have to say, owning TRTC has proven to be a major carcinogen because prolonged suffering of anxiety can result in weakened immune system. And that could cause bad cells in your body to multiply unchecked.
For the first time in a very long time, last night I had a very peaceful sleep because.... I no longer own any TRTC shares.
The recurring nightmare stemming from unpredictable spontaneous +10% drops in PPS and the 1-year chart of TRTC's partner, NRTI, finally stopped.
Very interesting that the caprock scam worked only once on USMJ. Once people realize it is a scam, no one is being fooled into buying CBIS shares, even after they removed the word caprock from their latest news release.
Check their financial reports. they spent all of their revenues plus millions each quarter. No net profit since day one.
They claim EG is cash flow positive but the lastest report shows the opposite.
The value of a business is the ability to turn something with no value and sell it for large sum of money - the ability to create value. TRTC has proven that it can only do the reverse - turning a lot of investors' money into money losing business.
Nearly 50 millions spent and not a single subsidiary is making net profit.
Like I said, the drops come suddenly at times when you least expected such as announcement of two more NV permits. It was followed by 30% drop in PPS from 0.18 to 0.13 in 3 days. And there were plenty of previous examples.
Don't be too optimistic just yet. Knowing TRTC, its drop in PPS is often sudden, violent, and coordinated with news release. Before you know it, a haircut of 20% or more in value often occur in less than 2 days time.
Well, for that, we have to thank certain individuals with dogged tenacity on this board that keep giving people unrealistic expectation.
But after this P&D, its effectiveness is much reduced.
That strategy will gradually stop working from less and less new buyers willing to buy at ask.
After each cycle of pump and dump like the one we had, the number of new investors are reduced. The volume will only come from dilutors selling at bids and flippers not willing to pay a lot for shares.
The result? Slow down trend with low daily volume continues with much reduced volatility.
Last pump and dump's range is from 0.18 - 0.08, this time the range will be smaller (0.14 - ?).
Like NRTI chart but stretched out over longer time period.