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Here is the answer to your TRTC question, for some reason it has been getting deleted ? hmmm lol
The PPS increased >$5 PPS DAY OF THE REVERSE SPLIT....AND THEN WAS DILUTED DOWN TO THE RANGE IT IS TODAY.
OH AND DEREK NEEDED CASH SO HE COLLECTED A COOL $40 MILLION DOLLARS AFTER THE FACT.....
IMHO DEREK PETERSON IS A PITCHMAN NOT A CEO WITH GLOBAL VISION....AND EVEN IF HE DID HAVE A VISION..
NO ONE WILL GO INTO BUSINESS WITH THIS MAN.....
- HE IS A SEC VIOLATOR
- HE HAS TAKEN ADVANTAGE OF THE SYSTEM THROUGH BANKRUPTCIES
- HE CHANGES HIS NAME TO LEAD PEOPLE AWAY FROM HIS PAST.
- HE BURNED BRIDGES WITH HIS BOARD OF DIRECTORS- SALWA AND HER HUSBAND LEFT TRTC.
- HE HIRED A KNOWN SEC VIOLATOR TO HIS BOD
- NOW HE IS GETTING SUED BY HIS NJ PARTNERS....
I MEAN WHAT ELSE CAN THIS CEO DO WRONG LOL
OH AND AFTER NV HAS GONE REC 1YEAR AND CA REC FOR 1 FULL QUARTER
ALL TRTC COULD MUSTER UP WAS $8.5 MILLION IN REVENUE AND $10 MILLION IN EXPENSES
This is the answer to your TRTC question ..that for some reason has been deleted 3 times lol hmmm
Alrighty then.....ill be specific we lost shares to 15 to 1 reverse split and the pps tanked and never came close to recovering. I would say we all lost lol
Except Derek Peterson he gained a fast 40 million dollars in new toxic financing .....aka a new beach house.
Every shareholder WAS screwed over...... i know "wait till 2020" lol Been hearing those mantras and events since 2014 lol
lol All you just did was make excuse after excuse as to why Derek is underperforming big time. He is a pitchman, not a CEO with big global visions AKA Canadas big 3 companies.
They have no cash...so they had to do a reverse split and procure 40 million dollars. Meanwhile they took half our shares and the PPS is struggling to stay over $2.50 ...which is $1.50 less than post reverse split price.
There is no uplisting
There is no merger
This company does not have anything to merge with? Ivxx is a joke, NV dispensaries have some value, but zero future growth. Blum OAK is the best thing they have going...hardly a reason for any bigger company to over pay and or even want to buy.... TRTC has zero....zero footprint in CA. They are nothing in that state... small time
This industry has always been hard to predict. That never stopped Derek from making a revenue guidance before, in fact he used it as a tool to brag about the company....now that he missed his low end revenue estimate from 2017 , and is falling flat on his ass for 2018 ....The 2018 revenue guidance is not important.
1 board member fired for SEC violations, another Salwa and her husband left the company, and now the NJ boys are suing TRTC at the worst time possible.... Add onto that Dereks bankruptcies, the changing of his name, and his own sec violations.....and you have a guy in over his head...and looking for cheap short cuts and someone to give him vision.
I mean really they have no ivxx brand recognition in 3 years.... it failed
The dispensaries are having a tough time increasing or maybe even matching revenue from the 1 st year...maybe the excitement has calmed down there in LV or there are too many dispensaries.
New Investors read below..how TRTC diluted 500 million shares in 1 year and how they scammed us all for 1 billion shares...leading up to a 15 to 1 reverse split out of no where! Which decreased our shares and dropped the pps from $5.50 (high) down to a steady low range of $2.20 - $2.70
Then Derek quickly gifted himself $40 million in toxic finance!!!
Wheres the Merger?
Wheres the up listing?
I know "wait for this day" lol its been 4 years ........
New investors should also take into consideration the current financials and past history of this company and its insiders.
Have you guys noticed the only reply to posts pointing out financial facts, shady business deals, and professional moral issues we bring up about TRTC. Is that there is some kind of a alien conspiracy lol
No one cares enough outside this forum or even knows this company lol I just want to share knowledge so new investors do not get their money held ransom for 2 years or possibly taken right out from under them.
THE NUMBERS DO NOT LIE, NOR DOES THE PAST HISTORY OF THIS COMPANY. IT IS ALL PUBLIC KNOWLEDGE.
NEWBIES PLEASE READ...DO NOT INVEST IN THIS COMPANY UNTIL ITS CONSOLIDATES AND CLEANS UP ITS ACT....HERES WHY....
It is true they diluted 500 million shares in the last year
They had close to 1 billion shares outstanding? and only 88 million left before they consolidated and reset the whole insider enrichment scheme that they all created when working together at the brokerage company?
Look at the financials and it all points to enrich insiders only the pps tells no lies
This why the pps has been in the dumps for almost 4 years - These are signs of management not giving a rats behind about shareholders...hence the pre reverse split of 1 billion OS count maxed out
To get an inside look at TRTC’s reckless dalliance with convertible notes, go no further than its quarterly reports. Its 10-Q for the quarter ended June 30, 2017, notes that “during the six months ended June 30, 2017, senior secured convertible promissory notes and accrued interest in the amount of $8,839,084 were converted into 50,710,473 shares of common stock.”
How bad is the impact of TRTC’s convertible note addiction on common shareholders? The table below, which illustrates the rate at which outstanding shares have increased over the past five years, answers this question.
Year TRTC shares outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
As of December 11th 2017 903.17 million
Shares outstanding nearing authorized shares of 990 million
In five years, TRTC’s shares outstanding have increased more than tenfold and are now inching dangerously close to its authorized shares of 990 million. This means that going forward there is very limited room for TRTC’s debt holders to convert their debt into new shares. This heightens the prospect that TRTC may default on its debt. In case this happens, shareholders will be first to lose as debt owners will foreclose on the assets. This is the benefit of being a debt holder as opposed to being a shareholder. Debt holders usually have the first claim on a company’s assets in the event of foreclosure.
SO basically making > $250,000 a day and diluting 1 billion shares along with continued toxic financing to anyone willing to give them money for our worthless shares for pennies on the dollar.
THIS IS TH biggest insider enrichment scheme around.
People on this forum keep turning a blind eye to everything
Derek Peterson, Amy Almsteier ,Michael Nahass, and Salwa Ibrahim are laughing all the way to the bank.
That sucks..... I thought the rec vote would be a huge run up and the pps would run like canopy's
guess not.....if people are saying $8 a share...
Knew i should have never invested in this dilution machine.
I KICK MYSELF FOR PICKING THE WORST ONE OUT OF THE 4 CANADIAN COMPANIES
2019 will be the same as 2018--> Might end up worse lol...stop the dreaming...
This pos is only good for the end of the year flip.
Hell Derek may not even have a grow house in NJ
if the nj boys get their way.....it is on their land. They may let Derek stay only on certain conditions
Like sharing the grow house MJ revenue output.
These NV and CA dispensaries are not increasing in revenue year over year.....LV is not really lighting the world up in sales, and certainly not increasing or doubling year after year. Hence the need to grow their own MJ to provide the stores to increase the margins lol
Now that the supreme court passed legal sports betting outside LV.....tourism is going to be hurt a bit
Which will lead to lower sales and less money being brought into LV to spend.
I do not see this current plan....being beneficial for shareholders. They missed last years revenue guidance, and this year the excuses have already started.
A good business in a so called boom is supposed have a business plan that doubles revenue year over year during the boom years, especially when you just sold out 1 billion shares and tons of toxic fins.
I mean 8 million revenue sucks for the first quarter...its actually embarrassing.
That is why the PPS is tanking and their is no interest in this company and such low volume
IVXX is not a brand....its a joke folks...lets face it
I thought we all agreed the revenue would be much higher this year, and the expenses down much more. The CA rec vote had little effect on this company as of yet, and the expansion plans seem kind of weak as per date.
The locations of the new dispensaries are not the best, and they are still not in SF , SD, LA prime locations. Maybe the new regulations will put some of them up for sale, but who knows.
Things are moving so slow and the revenue is low ..... When you start a business in boom time. Your revenue should be doubling year to year in growth.
2017 revenue came under budget last year, hence why derek is refusing to give a 2018 revenue guidance
1st quarter revenue was considered low .....at 8.5 million and 10 million in expenses.
The grow facilities seems small? for the money being spent? Why not go big?
Tourism will be down in LV maybe 10 % ( sports book law change), but the population will prob grow 5%...so maybe a wash.
Seems like derek is betting everything as far as extra revenue...in the grow facility in NV and hope feeding our dispensaries will help increase year to year revenue growth.
2 new small dispensaries in CA is ok ..i guess. But this doesn't bring that big revenue or show much initiative compared to the Canadian companies going global.
Derek says CA is his priority, but he has not made much of a footprint there, and if mj laws are going to change...they will get squashed by bigger hands that have CASH ON HAND!
MAN IF IT WAS FOR hiring the senators son in NV.......and paying off locals...this company would be in bad shape.
Who would have thought Edible Gardens would be the foundations all these years lol Maybe they should continue focus on that business ......
i can go on and on.... Derek's last call had a lot of "i thinks" and "maybe it could"
The growth of this company is stuck in the mud....the build outs are taking 5 times as long as needed
THEY NEED MONEY DESPERATELY....BECAUSE THEIR BUSINESS IS NOT EARNING ANY PROFITS
THEY ARE NOT AMAZON..LOL PLEASE..... THIS COMPANY IS GETTING WEAKER AND WEAKER ..NOT STRONGER.
BEST THING FOR SHAREHOLDERS IS FEDS RESCHEDULE AND WE SELL
OR SOMEONE WITH MONEY AND BIGGER VISON BUYS THE COMPANY....AND KEEP DEREK AS A PITCHMAN NOT A CEO
How many years are you going to keep saying "wait for this event " "wait till next year"
Even if the pps went $4 dollars tomorrow it would be good for flippers, but a bust for long term bag holders. They would finally just break even from the reverse split.
The thing is...if the pps gets back to even..no one will buy it at that price. The company is not profitable and they are desperate for working capital...to the point that they recently had to dilute 1 billion shares and reverse split. They had no working capital.
As usual for the last 3 years ....all i get is 1 line responses..lol for the cheerleaders..lol
Weak weak weak..... You all know this company is tanking hard. Stuck in the mud.
I know... "wait till 2019" lol I have hearing that line since 2015 lol
I know "buy cheap shares" ...lol I have been hearing that line for since 2014 lol
How about you guys hold Your under performing Pitchman Derek Peterson accountable for his actions?
Forget .....all the past and the pages of past failures and shady back end deals lies...we can write about for hours.
1st quarter 2018 ......Ca and NV rec live----> 8.5 million in revenue? and 10 million in debt?
IT DOESN'T GET WORSE THAN THAT PEOPLE!......
SO THE 4 DISPENSARIES IN NV CANT EVEN GENERATE 2-4 MILLION IN SALES EACH ? WHEN THERE IS RESTRICTION ON ANYMORE DISPENSARY LICENSES BEING GIVING OUT FOR 12 MONTHS?
40 MILLION VISITORS A YEAR AND TRTC CAN ONLY GENERATE 6 TO 10 MILLION DOLLARS WITH THEIR 4 DISPENSARIES?
THANK GOD FOR BLUME OAKLAND AND EDIBLE GARDENS
DURRRR THEY ALWAYS LET THE PPS RISE COME YEAR END FOR METRICS PURPOSES -TO SHOW ON PAPER---> THEN DILUTE IT BACK DOWN TO A RANGE THAT BRINGS IN NEW BUYERS AND GIVES ENOUGH FALSE HOPE TO KEEP BAG HOLDERS ON THE LINE.
ITS GOOD FOR A FLIP....EVERY YEAR LIKE CLOCK WORKS
HENS THE "WAIT FOR NEXT YEAR" MANTRA HAPPENING ALREADY IN THE FORUM, BECAUSE THERE IS NO WAY TO COUNTER ACT HOW BAD THIS COMPANY IS PERFORMING.
Oh so now we have to wait anotherrrrrrrrr year 2019 for the CEO to have vision and grow this stuck in the mud company that is moving backwards lol
Whats funny...is the same 6 people have been saying this for 4 years....
When things keep getting worse such as 1 billion shares diluted, for little in return..... and then the mythical reverse split actually happens, running out of cash, and there is no merger or up listing..
Every year the answer is "wait till next year " lol
If your going to do constant toxic financing and dilute 1 billion shares..--> AT LEAST MAKE SOMETHING OUT OF FOR THE SHAREHOLDERS DEREK PETERSON. LOL
ALL YOU CAN MUSTER IS 8.5 MILLION IN REVENUE AND 10 MILLION IN EXPENSES LOL
I CAN WRITE FOR HOURS HOW THIS COMPANY IS JUST NOT GROWING, AND MISSING OPORTUNITIES
AND DOESN'T HAVE THE CAPITAL TO MAKE ANY MAJOR MOVES
As usual for the last 3 years ....all i get is 1 line responses..lol for the cheerleaders..lol
Weak weak weak..... You all know this company is tanking hard. Stuck in the mud.
I know... "wait till 2019" lol I have hearing that line since 2015 lol
I know "buy cheap shares" ...lol I have been hearing that line for since 2014 lol
How about you guys hold Your under performing Pitchman Derek Peterson accountable for his actions?
Forget .....all the past and the pages of past failures and shady back end deals lies...we can write about for hours.
1st quarter 2018 ......Ca and NV rec live----> 8.5 million in revenue? and 10 million in debt?
IT DOESN'T GET WORSE THAN THAT PEOPLE!......
SO THE 4 DISPENSARIES IN NV CANT EVEN GENERATE 2-4 MILLION IN SALES EACH ? WHEN THERE IS RESTRICTION ON ANYMORE DISPENSARY LICENSES BEING GIVING OUT FOR 12 MONTHS?
40 MILLION VISITORS A YEAR AND TRTC CAN ONLY GENERATE 6 TO 10 MILLION DOLLARS WITH THEIR 4 DISPENSARIES?
THANK GOD FOR BLUME OAKLAND AND EDIBLE GARDENS
You have been saying that same line for 3 years...and has the company performed?
All you just did was make excuse after excuse as to why Derek is underperforming big time. He is a pitchman, not a CEO with big global visions AKA Canadas big 3 companies.
They have no cash...so they had to do a reverse split and procure 40 million dollars. Meanwhile they took half our shares and the PPS is struggling to stay over $2.50 ...which is $1.50 less than post reverse split price.
There is no uplisting
There is no merger
This company does not have anything to merge with? Ivxx is a joke, NV dispensaries have some value, but zero future growth. Blum OAK is the best thing they have going...hardly a reason for any bigger company to over pay and or even want to buy.... TRTC has zero....zero footprint in CA. They are nothing in that state... small time
This industry has always been hard to predict. That never stopped Derek from making a revenue guidance before, in fact he used it as a tool to brag about the company....now that he missed his low end revenue estimate from 2017 , and is falling flat on his ass for 2018 ....The 2018 revenue guidance is not important.
1 board member fired for SEC violations, another Salwa and her husband left the company, and now the NJ boys are suing TRTC at the worst time possible.... Add onto that Dereks bankruptcies, the changing of his name, and his own sec violations.....and you have a guy in over his head...and looking for cheap short cuts and someone to give him vision.
I mean really they have no ivxx brand recognition in 3 years.... it has failed
The dispensaries are having a tough time increasing revenue or maybe even matching revenue from the 1st year marks...maybe the excitement has calmed down there in LV or there are too many dispensaries.
I love how the same 6 people ...keep making excuses for this under achieving company. Folks this company is in trouble and having a hard time finding way to creat revenue and increase revenue in existing assets!!!
This company is drowning in debt....
What a line of Bull-->shat lol All you just did was make excuse after excuse as to why Derek is underperforming big time. He is a pitchman, not a CEO with big global visions AKA Canadas big 3 companies.
They have no cash...so they had to do a reverse split and procure 40 million dollars. Meanwhile they took half our shares and the PPS is struggling to stay over $2.50 ...which is $1.50 less than post reverse split price.
There is no uplisting
There is no merger
This company does not have anything to merge with? Ivxx is a joke, NV dispensaries have some value, but zero future growth. Blum OAK is the best thing they have going...hardly a reason for any bigger company to over pay and or even want to buy.... TRTC has zero....zero footprint in CA. They are nothing in that state... small time
This industry has always been hard to predict. That never stopped Derek from making a revenue guidance before, in fact he used it as a tool to brag about the company....now that he missed his low end revenue estimate from 2017 , and is falling flat on his ass for 2018 ....The 2018 revenue guidance is not important.
1 board member fired for SEC violations, another Salwa and her husband left the company, and now the NJ boys are suing TRTC at the worst time possible.... Add onto that Dereks bankruptcies, the changing of his name, and his own sec violations.....and you have a guy in over his head...and looking for cheap short cuts and someone to give him vision.
I mean really they have no ivxx brand recognition in 3 years.... it failed
The dispensaries are having a tough time increasing or maybe even matching revenue from the 1 st year...maybe the excitement has calmed down there in LV or there are too many dispensaries.
Well that was the whole cheerleader rant as to why LV was the best location for a dispensary. Remember all of you guys saying .. "40 million visitors a year, and crunching numbers" lol
It just did not work out that way...
Your 1 sentence responses SHOWS YOUR WEAKNESS LOL
You might as well not even post on here....because even weak minded people who click on your post will start to just ignore them , because they are so weak.
The only people who do not like my posts...are cheerleaders the same 5 people onthis board
you know the "wait till this day " crew lol
I agree not a scam....its just everyone thought the revenue would be much higher this year, and the expenses down much more. The CA rec vote had little effect on this company as of yet, and the expansion plans seem kind of weak as per date.
The locations of the new dispensaries are not the best, and they are still not in SF , SD, LA prime locations. Maybe the new regulations will put some of them up for sale, but who knows.
Things are moving so slow and the revenue is low ..... When you start a business in boom time. Your revenue should be doubling year to year in growth.
2017 revenue came under budget last year, hence why derek is refusing to give a 2018 revenue guidance
1st quarter revenue was considered low .....at 8.5 million and 10 million in expenses.
The grow facilities seems small? for the money being spent? Why not go big?
Tourism will be down in LV maybe 10 % ( sports book law change), but the population will prob grow 5%...so maybe a wash.
Seems like derek is betting everything as far as extra revenue...in the grow facility in NV and hope feeding our dispensaries will help increase year to year revenue growth.
2 new small dispensaries in CA is ok ..i guess. But this doesn't bring that big revenue or show much initiative compared to the Canadian companies going global.
Derek says CA is his priority, but he has not made much of a footprint there, and if mj laws are going to change...they will get squashed by bigger hands that have CASH ON HAND!
MAN IF IT WAS FOR hiring the senators son in NV.......and paying off locals...this company would be in bad shape.
Who would have thought Edible Gardens would be the foundations all these years lol Maybe they should continue focus on that business ......
i can go on and on.... Derek's last call had a lot of "i thinks" and "maybe it could"
The growth of this company is stuck in the mud....the build outs are taking 5 times as long as needed
THEY NEED MONEY DESPERATELY....BECAUSE THEIR BUSINESS IS NOT EARNING ANY PROFITS
THEY ARE NOT AMAZON..LOL PLEASE..... THIS COMPANY IS GETTING WEAKER AND WEAKER ..NOT STRONGER.
BEST THING FOR SHAREHOLDERS IS FEDS RESCHEDULE AND WE SELL
OR SOMEONE WITH MONEY AND BIGGER VISON BUYS THE COMPANY....AND KEEP DEREK AS A PITCHMAN NOT A CEO
I agree not a scam....its just everyone thought the revenue would be much higher this year, and the expenses down much more. The CA rec vote had little effect on this company as of yet, and the expansion plans seem kind of weak as per date.
The locations of the new dispensaries are not the best, and they are still not in SF , SD, LA prime locations. Maybe the new regulations will put some of them up for sale, but who knows.
Things are moving so slow and the revenue is low ..... When you start a business in boom time. Your revenue should be doubling year to year in growth.
2017 revenue came under budget last year, hence why derek is refusing to give a 2018 revenue guidance
1st quarter revenue was considered low .....at 8.5 million and 10 million in expenses.
The grow facilities seems small? for the money being spent? Why not go big?
Tourism will be down in LV maybe 10 % ( sports book law change), but the population will prob grow 5%...so maybe a wash.
Seems like derek is betting everything as far as extra revenue...in the grow facility in NV and hope feeding our dispensaries will help increase year to year revenue growth.
2 new small dispensaries in CA is ok ..i guess. But this doesn't bring that big revenue or show much initiative compared to the Canadian companies going global.
Derek says CA is his priority, but he has not made much of a footprint there, and if mj laws are going to change...they will get squashed by bigger hands that have CASH ON HAND!
MAN IF IT WAS FOR hiring the senators son in NV.......and paying off locals...this company would be in bad shape.
Who would have thought Edible Gardens would be the foundations all these years lol Maybe they should continue focus on that business ......
i can go on and on.... Derek's last call had a lot of "i thinks" and "maybe it could"
The growth of this company is stuck in the mud....the build outs are taking 5 times as long as needed
THEY NEED MONEY DESPERATELY....BECAUSE THEIR BUSINESS IS NOT EARNING ANY PROFITS
THEY ARE NOT AMAZON..LOL PLEASE..... THIS COMPANY IS GETTING WEAKER AND WEAKER ..NOT STRONGER.
BEST THING FOR SHAREHOLDERS IS FEDS RESCHEDULE AND WE SELL
OR SOMEONE WITH MONEY AND BIGGER VISON BUYS THE COMPANY....AND KEEP DEREK AS A PITCHMAN NOT A CEO
To all the people that yelled at me " a reverse split is good" and "you do not lose value"
Well it is almost JUNE! and we are consistently down anywhere from 25% to 35% in the PPS!
Oh and we also lost half our shares as well
Thanks Derek ....YOUR A GENIUS !
THIS COMPANY IS UNDER PERFORMING AND STUCK IN THE MUD....I THINK THAT IS WHY SALWA AND HER HUSBAND LEFT THE COMPANY AND WHY THE NJ BOYS ARE SUING DEREK.
THEY SEE THINGS FALLING APART AND TOO MANY "WHAT IFS" AND "WAIT FOR THAT"
CA GOING REC HAS MEANT NOTHING FOR TRTC
2019 will be the same as 2018...stop the dreaming....Hell Derek may not even have a grow house in NJ
if the nj boys get their way.....it is on their land. They may let Derek stay only on certain conditions
Like sharing the grow house MJ revenue output.
These NV and CA dispensaries are not increasing in revenue year over year.....LV is not really lighting the world up in sales, and certainly not increasing or doubling year after year. Hence the need to grow their own MJ to provide the stores to increase the margins lol
Now that the supreme court passed legal sports betting outside LV.....tourism is going to be hurt a bit
Which will lead to lower sales and less money being brought into LV to spend.
I do not see this current plan....being beneficial for shareholders. They missed last years revenue guidance, and this year the excuses have already started.
A good business in a so called boom is supposed have a business plan that doubles revenue year over year during the boom years, especially when you just sold out 1 billion shares and tons of toxic fins.
I mean 8 million revenue sucks for the first quarter...its actually embarrassing.
That is why the PPS is tanking and their is no interest in this company and such low volume
IVXX is not a brand....its a joke folks...lets face it
Great questions...
This stock is a strong strong sell until it reverse splits and consolidates its numbers.
I agree.."once they see" statement, but it might take 2 more painful years of having our money held hostage. Maybe by then Derek will at least have 3/4 of the things he he is working on in play and earning.
This year is a bust for shareholders..... maybe god for flippers come december
i have a feeling revenue for the year will end 39 -41 million which os not that big of a leap from the 38 million these missed last year
I agree....in canada mj is federally supported
Anyone think there will be a big run up in pps before junes vote? or it is already baked into the pps because of all the dilution?
Anyone think there will be a big run up in pps before junes vote? or it is already baked into the pps because of all the dilution?
Yes i invest in more than one stock...dont get me started on trtc lol I still havent recoverd from the reverse split they did on us
Yea but depending on the margins...they are going to grow it for themselves sooner or later...its not hard to do....these days
I wish i sold..i bought in at 9 dollars thinking i got a deal, and was going to wait till the june vote...
Then the ceo diluted a couple hundred thousand shares with the hope of higher revenue
Don't look now, but they may soon have 1 billion share outstanding....hard to make money as a shareholder with that number and low revenue. I suppose the revenue will rise, but that remains to be seen. I personally think the price on mj in canada will be watered down to nothing....
Europe will eventually just grow their own, as will pharm companies.... these dreams of 4 billion in revenue are just silly
Its all woulda coulda shoulda.....
that is why the pps is dropping to $5 pps
sucks for all the long time bag holders....reverse split is prob coming 1 year after this deal to consolidate the numbers
So everyone gets rich except the aurora share holders ? Our shares get diluted down to shat, but the merging company's shareholders get rich gee thanks
Like i said i am not sure ....i think when all 3 are ramped up and growing the price of mj will plummet.
Europe will find a way to grow their own.....I just do not see the demand for the amount of mj they are going to grow.....its not food lol
The USA is about to change the laws on a federal level and they certainly are going to protect their territory and most likely force trade with other countries it has huge trade relations with already.
The is no way this compant is going to go from 15 million in sales to 4 billion lol
DO not fall into the "what if" trap with a calculator lol
Business and stocks do not work that way
But....hey i would be surprised if the pps hit $15 after Junes vote...... As of yet there is no run up starting
so either the pps is already baked in to the vote or they want to bring the pps down lower before the vote...to buy up shares
All i see is negative articles about Aurora .....so we will see
I am not sure what the pps will be for either, because they are both overvalued and have inflated market cap
Actually trtc are trying to grow in a much much more difficult environment and had to dilute after hitting 900 million shares outstanding ---> they did a 15 to 1 reverse split this year. SHareholders are going to have to wait till late next year to make money....but at least they can buy back in at 2.50 a share.
When aurora reverse splits the pps will be too high for regular people to accumilate....it will be a stock for only the rich instituations
Trust me this company could give 2 shats about the blue collar long time shareholders lol
They want to make this new merger and then consolidate all the number and then sit at the table with big handed investors,,,,,not you guys lol
ive seen it happen a million times before
You do know why Canopy is $25 pps and Aurora is only $6
Read the financials please....
Guys....Europe is going to start growing their own Marijuana, and the price wars between the big 4 companies will bring down the MJ prices to next to zero in Canada. Stop the what if pipe dreams lol
There is a reason the PPS is having a hard time holding $6.....this is 4 weeks out from the big vote lol
This is no Amazon lol or Apple lol This company is not creating anything lol Anyone can grow MJ
The Black market will still be there as well....
I would not be surprised if the pps either drops or only makes it $9 and then sells off
Dilution destroys shareholders worth....thats why this is the worst of the big 4 companies to invest into.
Expect a reverse split next year
lol wait until they reverse split and take half your shares and half your pps worth...
Dilution kills all the long time bag holders
Then the company issues new shares to themselves at a PPS that the regular white collar guy could never afford to buy in any sort of volume
I do not think trtc will do anything until the feds reschedule and create the USA Mj craze.
I guess on the bright side...one can increase share count, and Derek can spend the year full filling all the promises in revenue he made in last weeks call.
I agree with you.....once i heard Trump was trading favors a few weeks ago concerning allowing states rights for more wall support consessions....i was pissed off.
The thing is once the USA is federally legal the 3 monsters in Canada will swoop in and buy up everything, because they will have billions of dollars by then.
Now the USA is going to let them uplist NYSE before TRTC? really MR TRUMP? MR PRO Business
Mr America first?
I would bet money if Canada goes rec nationally in June and freaking Canapoy growth gets on the NYSE
Our government has to reschedule this year and pass laws not allowing company's like canopy growth to buy into the USA market, before we control it first.
Our companys need to be given the right to prosper. It is sickening what is happening in Canada.
Those 3 companies will bring down the price of weed to zero with over saturation. No smaller store will beat them in prices...
This pisses me off....how is the USA letting Canada take over the global industry?
Now Canopy is up listing to NYSE? This is bullshat.....Our government is dropping the ball
Canadian marijuana producer Aurora Cannabis on Monday agreed to acquire rival MedReleaf in an all-stock deal worth $2.5 billion ($3.2 billion Canadian), the largest tie-up yet as the nation's cannabis industry rushes to consolidate ahead of recreational legalization this year. Meanwhile, Canada's Canopy Growth filed to list on the NYSE, which would make it the first pure-play pot stock to trade on the exchange. Germany could become a huge medical marijuana market, Aurora Cannabis management said during a conference call to discuss the deal.
Ill read your posts when you have numbers in them and have stopped drinking the cool aide after 4 years of shareholder hell.
Till then do not text me..its a waste of time talking to you and sleepy...
cheerleadres after a huge loss....lol
Ill read your posts when you have numbers in them and have stopped drinking the cool aide after 4 years of shareholder hell.
Till then do not text me..its a waste of time talking to you and sleepy...
cheerleadres after a huge loss....lol