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And still diluting. Stocks all work the exact same way. Not my first rodeo, or theirs.
SSC
Plenty of us on the west coast are awake. Imagining that traders don't get up at trading time on the west coast is delusional.
The real reality is that we've seen this game played hundreds of times by TRTC. This isn't our first rodeo.
SSC
Lmao. That was comedy.
I think you mean SG&A.
SSC
If you give me 10 million dollars, I can promise you I can turn it into more than 7 million dollars...
SSC
Hahahahahahahahaha. Believe me, I know how penny stocks work. I made a small fortune on this stock 4 years ago.
You are correct, it will "continue until profits." You realize they take more money to offset the potential profits right? They're not only "spending money to make money." They're spending money for the fun of it, for personal gain. And that will continue as long as they can possibly do it. At which time a restructure, RS, new management, bankruptcy, or one of the other wash rinse repeat cycles will occur, as all of us penny stock professionals have seen hundreds of times prior.
I'm not saying you can't make money here. I'm saying that investing in this long term will make you a smaller return (if not negative return) than going to a damn CD note, all due to the fact that insiders have a cynical plan to cash out.
JMO,
SSC
I was around when we were making a few hundred thousand in revenue. We said, "just wait until they make over a million!"
That came, then they took more from the company. We held strong and said, "just wait until we have 5 million in revenue!"
That came, and then they decided to take larger bonuses, and larger salaries. We said, "wait until the dispensaries are open! When there's over ten mil in revenue, even the crumbs will look good.
That came, and then they decided to issue more shares, both to themselves and to shareholders. Free for them, paid for us. We said, "that's okay! Wait until we have tens of millions in revenue. Everyone will want a piece and be shareprice will skyrocket!" We all saw the future. We knew it would grow. Everyone loves weed. Everyone loves money. We believed! And then they decided to take more. Tens of millions more. Shares sold and gifted back to themselves. Shares issued over and over, keeping stock price in a stalemate. The only people winning are market makers and Derek's crony friends. We said, "wait until the yearly report! That will show them!"
That came. Now we say, "wait until the next dispensary! Wait until 100m revenue! We will be king!" And that will come. And it will go.
When will I stop? When Derek restructures or sells or goes bankrupt. All three are disastrous for the long term investor. Your long term gain will look like a dead pulse.
I've been here for a while. Nothing new. I'll be back in a few months to see the new(See: same) rhetoric.
JMO,
SSC
I cannot possibly agree more on the "disband and recreate" strategy. I've been saying this for years. The day they start doing things "right" is the day that common shares are worthless. They'll continue to grow at shareholders expense and make millions along the way. No real company would want _this_ timeline in their backstory.
"So, how did you get so rich?! How did your company become so successful TRTC?!"
"We ripped off our shareholders. We made millions at every corner, while they foot the bill! Nerds!"
I used to look up to Salwa for her advocacy. Now, I think she's a disgrace.
JMO,
SSC
And KSCA makes for a great emotional companion. Their emails are incessant. ¯\_(?)_/¯
Form 4's have stopped?
I get more form-4 emails from KSCA than AOL floppy-disks in the 90's.
SSC
Yeah.... lol @ me.
I've only followed this company thoroughly since 2013, what do I know?
I remember folks saying the same thing in 2014.
SSC
Made more than ever and still managed to lose more than ever. Glad to see I haven't missed much.
Cheers,
SSC
I'm laughing. I haven't been here in a year probably, but I'm glad to see people still hoping for this thing to explode while Derek guzzles the lifeblood of the company -- money.
As I said time and time before, and I'll say it time and time again: The only way for this stock to change course is if their directors change. None of the catalysts that you mentioned will help outside of a short term pop because none of them change the end result -- the money that actually makes its way to the shareholders. The shareholders don't get what they are paying for. Instead, it gets siphoned off to Derek and his crony friends.
This isn't about hype, or pops, or dispensaries, or even legalization. NONE of those things are holding TRTC back from a higher valuation. It's about the business practices and their ability to make the INVESTORS some money, and they simple do NOT care about that. They care about making themselves wealthy, PERIOD.
What do I know though? I've only followed Derek and his companies for over four years now and have seen it *all* on his watch.
Cheers,
SSC
The volume is abysmal. Where do you see things heating up? I see a few people that overpaid for stock today, but I'd hardly consider that heating up. Just because the stock is up 5% and you got an alert on your phone doesn't mean things are heating up. I'd be terrified to hold this stock overnight. Dilution is the impeding doom for this ticker. It is coming, and soon. Read the 8-k's.
SSC
History repeats. I'm loading up.
SSC
Finally. You see the light. New day, new dilution, new pump.
SSC
You guys are absolutely insane if you didn't expect this to go down after the 8k last night. It spelled out clear as day: MORE DILUTION IMMINENT. Smart money shorted this today.
SSC
8k spells out more dilution IMMINENT.
Shorts will be all over this in the morning.
JMO,
SSC
Brilliant? We've been saying this for months. The acquisition is a diversion - in the same manner that they have done for YEARS. I told you when you first started showing up here; TRTC has done this time and time again. The GrowMass effort was a pump to mask dilution. So was Blum. So was the 5 acre greenhouse. So is Vegas. So it the green door!!!!! DP walks away with millions and WE FUNDED IT ALL.
I just hope that everyone can see the BS and realize that you led them into a flaming disaster.
I tried to help.
JMO,
SSC
Saying "Not in the near future" is far from any sort of contractual obligation. They can R/S tomorrow. The plans are in place.
Why idiot CEO wouldn't give every excuse in the book to keep shareholders from running right now? Honestly... Just zoom out a bit on your current perspective. Take a step or two back and look at the PAST and see that Derek is going to use an acquisition as an EXCUSE for an RS. This is an excuse, period. There are many ways TRTC can grow organically, but TRTC has decided to use shareholder funds to pocket cash, and that's been proven and crystal clear for quite a while now. They claim to plan for shareholders, but every action is obvious proof of otherwise.
JMO,
SSC
Doesn't matter. Look at the share structure. That is the only thing that matters.
SSC
Wowwwww. The volume?!?!
Neesh, you and I both know that is only one dark corner of the shady compound that TRTC owns. We all know that if the FBI was involved, it wasn't done willingly. We also know that Kaufman has been making money behind the scenes which only goes to show that Derek is enriching himself and friends. All related, all in his circle. There are no scraps left for the shareholders, and they've used excuses like acquisitions and build outs to blindside investors with form 4's, bonuses, and dilution time and time again. Now they're going to use another "acquisition" to pull a RS and make it seem like it's for reasons other than what it really is. There is money to be made, but it's on the momentum side - certainly not the investment side. Anyone with a business degree can look at the financials and tell you to run. There are plenty of people that can invest millions into this and get tens of millions back - but they aren't. Why? Because that's the fantasy. Reality is in the fins.
JMO, hoping to help some see the light.
SSC
Nice catch!
SSC
This theory has existed since the first insider sells in 2013. Trust me, I've been here. It's wishful thinking, but it's extremely unlikely. Those sells were to buy a brand new car with your money. :)
SSC
You nailed it. It's all lips. DP has had an excuse every time he screws shareholders and walks away with a bag full of money. I've been watching it happen for years now. It's almost like watching a drama.
SSC
It's funny to see everyone that was rooting for TRTC finally seeing the light. The R/S is the nail in the coffin.
MORE post-bell form 4's on a PR day. Hahahahahahahaha. At least they're consistent.
SSC
Has been struggling to find a settle point since the run to .60 - I just don't think it's settled yet.
JMO,
SSC
You're crazy if you think PPS can sustain with this end of day volume. Wow, it fell off HARD. If volume doesn't pick up this will be a tough end of week.
JMO,
SSC
Gap up on lower volume than Friday. Scary trade.
SSC
I can check. I'll hit you back soon
Come on dudes. I've told you guys for MONTHS that IVXX wasn't being stocked. I was ONE OF THE FIRST people to try IVXX in San Diego. Since the initial launch its been impossible to find. I'm not surprised that TRTC's shady business was tied to the issue.
SSC
Tried warning you weeks ago... They've been crooks for years here
SSC
Sorry that you couldn't see it when you first came here. I tried to warn you. This company has been pulling the same moves for 4 years now.
SSC
Smh... They don't know the date any better than any of us do. That theory is hogwash.
SSC
LOL!!! I would hardly call this a breakout?! Low volume red is all I see.
SSC
I let everyone know that IVXX wasn't being restocked months ago. I don't even believe that they "pulled it" because of "extra steps or a missing step" (lol????). The product was fine, and if it was flying off the shelves as quick as they claimed, shelf live matters little. The truth is that IVXX was a focused pump, and now Blum and other dispensaries are the focused pump. What's next? Either way, Derek's getting paid.
JMO,
SSC
Side-step rhetoric IMO. The reason it wasn't stocked is because they were focusing efforts on be Blum pump. It's always one pump at a time here.
JMO,
SSC