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I don't trust their financial statements.
Allowing your company's pps to drop to 0.09 without saying a word?
and of course I don't trust rumors.
I give their history of operation (especially the CFO's) more weight as an indicator what the future will most likely be like.
With over 50% confidence, I'd say we see sub-penny based on the observation that the same financial wizard behind $NTRI is also TRTC's CFO.
"FALSE. LAST QUARTER THEY LOST LESS MONEY THAN THE PRIOR QUARTER."
To be more scientifically rigorous, please conclude all your statements with PERCENT CONFIDENCE. and explain why. (for example, I am 100% confidence because I am their auditor. or I know with 100% confidence that they have not award new shares because I am the person in charge of printing new shares.)
Otherwise, all your statements are simply non-informative speculation.
There won't be any pop until they can report positive Net Income Applicable To Common Shares. TRTC's current market cap is still too high. With ongoing dilution and no new buyers to counteract, continuing decline is expected. Of course, people who play stock by reading charts may cause the pps to fluctuate a bit but the general trend is still down.
Sky falling is not a good analogy, because falling implies it happens quickly. A leech sucking you dry slowly while numbing you all sensation of pain is a better comparison. Thanks to their finance wizardry, investors are losing money slowly while cheering for their effort.
I have a feeling that even TRTC made money in selling marijuana, their Q2 report will be designed in such a way to show net loss so they can dodge heavy tax on marijuana sale.
The problem with this sector is lack of buyers. No volume across the board.
I remember kevin o'leary saying on CNBC:
Television personality and real-life venture capitalist Kevin O’Leary says the booming marijuana industry has caught his interest.
“I would very much like to invest in it,” the co-star of ABC’s reality show Shark Tank told CNBC on Wednesday.
But the investor says laws at the federal level prevent him from putting his money where his mouth is.
Is it true investing in this sector by purchasing public companys' stocks and profiting from it still illegal? (I am talking about large taxable profits in the range of millions of course.)
That may explain the lack of volume since the start of 2015.
then you must love the $NRTI's 3 month chart, our CFO's company, which gives you all three digits. I almost threw up a little thinking that may happen to TRTC.
Well, pretty soon they will have to come to term with:
(1) what if our best is just not good enough?
(2) the constant temptation to just quit and make off with investors' money, because competing is just too hard.
Based on my past personal experience working for a young startup in manufacturing wireless devices. Our BEST, in designing receiver with noise cancellation, is to walk around the lab to see how our receiver adapt to different echo scenario from office furniture.
Whereas in AT&T and Lucent, they spent millions to create a interference-proof SOUND room, albeit for microwave, to generate a comprehensive echo profiles and create a universally robust receiver from that data.
Do you honestly believe a small extraction lab behind a dispensary can compete with a well-funded company that can produce marijuana extraction with the consistency and precision that deviate less than few percentage of molecular weight?
Being unique is a subjective opinion... until it is shared with everyone and majority deems it truly unique.
I am afraid, as a relatively young company, TRTC thinks he is UNIQUE from the reflection in a small pond in the bottom of a well, until he comes out to the real world.
TRTC lacks ingenuity. Every product they offer is a copy of something already exists in market.
And those who offer competitive products use their own saving to start their companies/dispensaries and shoulder the entire risk.
With investors' money, why can't TRTC create something unique besides fancy website and packaging?
TRTC is taking the high road. Everything they do must be the best: best purity, best consistency, most political correct. Unfortunately, taking the high road is a luxury item that most companies in survival mode cannot and shouldn't be able to afford. (unless they can always tap into investors' money.)
Statistic will rule out those as outliers after proper market analysis.
Exactly, that's why their opinion, gathered from a comprehensive market research and analysis, is more important than a single person's projection on what consumers want.
The big picture is that consumers don't like options taken away from them. If you can't offer what that want, they simply go elsewhere.
Overthinking in this case is your enemy, the more you think what consumers want, the more limited your offering is.
Providing a spectrum of products based on comprehensive market research is more sensible approach.
What I was saying is that consumers have different buying powers. Some of them don't have that much discretionary income to spend on high-priced marijuana. but that doesn't mean a company shouldn't/couldn't make money off them, since they might be the majority who prefer lower price point than consistency.
A better approach to design a spectrum of products at different price points and see which make the most money.
If you only have one product, always start from a low price point and cater to the majority.
I would say TRTC is taking the Tesla approach while Prius is making a lot more money.
Creating premium product with high purity and consistency with fancy packaging will only limit yourself to the segment of consumers that can afford higher price point. This doesn't make economic sense and not a smart comeback from bankruptcy.
I believe majority of marijuana users prefer cheap high. They are willing to give up consistency and fancy packaging for lower price point.
To make money, TRTC needs to create different products that cater to consumers at different economic scales. When you can make money selling community home to the homeless, then you are a true genius.
This led me to believe IVXX is just a way to woo investors.
The $NRTI chart is one of the most nightmarish charts I've ever seen. Whoever runs that company has no respect for investors' hard earn money.
Certainly hope TRTC won't become another NRTI with MJ on the board.
When a person is in power and money comes relatively easily, he is inclined to embellish or exaggerate the truth to magnify his accomplishment (e.g. Brian Williams comes to mind.) Anyone is vulnerable to this human trait especially those with Narcissistic Personality Disorder.
Oh, and you forgot to mention the ongoing negotiation with Indian tribes.
I can respond to your optimistic view with an equally probable disastrous outcome.
The Revel casino in New Jersey somehow persuaded many Foreign/Chinese investors in Macau to put in nearly a billion dollars to build one of the most beautiful casino along Atlantic coast...only to file Chapter11 4 years later. Most of the investors' money gone.
Unlike money raised from public market, with 3 investors to report to, TRTC will be scrutinized on every spending decision. Accountability is now front and center. Hopefully they will get things done faster too.
Why did it take them this long to get private placement? Easy money and no accountability of course... until PPS dropped so low so quickly that forced them to act.
The days of making money the old fashion way have been long gone. Nowadays, everybody want to make quick profit by playing the stock market including the company itself. So pumpers pump to the bashers and bashers bash to the pumpers. Meanwhile, the pie is getting smaller (non-inventive products with first-rate packaging only serve to reduce profit margin) and pps less volatile ( can't even flip it for quick sizable profit ).
TRTC is a true microcosm of a bad economy.
Find a private investor or financing partner. If TRTC can convince just one to invest. It will definitely help turning retail investor's sentiment and confidence.
What happen to the negotiation with Indian tribes? Can any of them help financing the build-out of Nevada? or that too has gone nowhere.
Angel investors would not touch startups with huge debt. Perhaps compelling product and service can compensate for that. But does TRTC have anything that is FIRST to market?
After reading the bios of all the executive members and board of directors at the new TRTC site, I get the impression that the core competence of TRTC is not research and product development BUT FINANCING. They excel at getting money from public market.
They need to get rid of these financing experts and hire a true product guy and put him at the helm.
It takes just a bit of ingenuity to create a new service / product in this MJ industry and see your stock price goes up nearly 500% in one day.
Ingenuity is exactly what TRTC needs. Doing what others have already done won't get you anywhere quick.
Probably because NBPlants didn't have the financing expertise that private secretary has. The new entity called TRTC now uses public market exclusively to finance existing debt and future business ventures, IVXX, etc.
I wonder if NBPlants was already heavily in debt before TRTC came about.
Investors want to know the rational, the hidden dynamics beneath all the recent PRs, that led to the determination of the given timeline.
They don't want wild speculation from strangers on the Internet. They want to hear it from the CEO.
Real businessmen count pennies. Every product he sells, a penny or more of profit has to be made (after subtracting labor, packaging, advertising cost.) This is the fundamental of business.
So how many pennies did a single IVXX product make?
Although they don't have patents or difficult-to-duplicate proprietary technologies, They do have those Nevada licenses and connections that investor money help purchase.
And that is just about as much a wall street dropout and a surfer dude can do.
The story seems to say some property have recently changed hands from VV family to TRTC. Disclaimer, I said this with only 51% confidence.
unfortunately, I disagree.
For something to work, you need a sequence of events to happen and they also need to work but not necessarily in order. For TRTC to profit from IVXX, you really need to figure out what steps are required for it to happen. (e.g. which regulation is still in the grey can be circumvented and which is not.) That means you need REALLY REALLY WORK on it. Speculation will never give you any correct answer.
If you walk into a drug discovery conference and announce this drug doesn't work and should be abandoned because it failed on 99% of patients. you would be escorted out of the building. Because the truly valuable information comes from that 1%. Why did it work? what signaling path made it work? Can we change the drug profile to make it work 99% of the time?
The reason for 55/45 split ownership is fairly obvious.
Many states are facing bankruptcies, instead of looking for help from Federal Government, which has budgetary issue of its own, Federal policies are changing to allow each state to make its own decision on legalizing marijuana as a viable source of income. As such, part ownership is important. The outside investment helps create initial job opportunities to start the business.
This is exactly how it played out in the sector of legalized gambling on the east coast. Many casinos got built by outside investors, MGM and Ceasars entertainments, etc., and half the profits went to local communities to help build schools, pave roads, and fix bridges.
People form opinion based on past experience which carries certain bias.
Statistic tells you majority's opinion which create trends.
If people on this board can present information as a result of some sort of statistical studies, instead of personal speculation. We can cut down a lot of BS on this board.
As a naive retail investor, I cannot fairly judge which one is carrying greater risk.
To answer that question, I would suggest a statistical study with survey samples in bank officials, local and federal government officials, Money managers, large investment banks, and other retail investors, and see what they say.
$DBX declares that they are in the marijuana business. I would assume they carry the equal amount of risk as another marijuana business. but that is just my opinion, a sample in a huge population.
How about a deal similar to the one $DBX recently made?
In academia, Chancellor always look for outside investment first (industry and alumni), raising the tuition should be the last resort.
Marijuana stock index is about to go live. Check out their revamped page. Maybe it will bring much needed buys into this sector. TRTC is one of the companies in the US reporting index.