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kinda, but really it was because all the news Medbox recieved on that epic run. People were dieing to find that next stock that can run like Medbox. Look where that company is now..lol
Stocks can run wild like that if the share count is low, and controlled.
Wednesday should be interesting. I would like to see it keep most of its forward progress, but i know from history there are always little pullbacks, and profit taking along the way. I am hoping it stays above .32 by close. I think thats a great new bottom to build off till the next 4/20 run.
There is a hugeeeee reason why that stock can be manipulated up to $55 per share.
It only has 17 million shares outstanding, where trtc will have 600 million shares outstanding.
Hey i hope i wake up one day and it magically somehow does rise to a $8 level.
I am rooting for this company i want it to succeed.
Sleek.. That is impossible with what will be almost 600 million shares outstanding after merger.
The only way to reach even $5 is to have a reverse split... saying $10 is silly.
It is so crazy how 1 week ago everyone was saying something like .60 by year end.
So now it goes from say .15 to .32 because of maybe some good news about merger, ivxx, and earnings report.
Now you think its going to hit $10 a share..lol With 600 million outstanding share count?
Listen i hope it does go there.....but come on be serious..lol
This stock has to reverse split to get there and STAY at that price. I will agree once it does uplist after the reverse split..... it is going to sky rocket to the $50- $100 range if DP keep up the momentum.
Again i wish it could hit that number without a reverse split.
The only reason people have ever seen huge movement in the otc say with medbox, is because of the low share count at the time. That stock was manipulated and controlled. It would move over $10 dollars in just a day.
when trtc has $18 million in volume it moves maybe 3 cents.
I just don't see it hitting $5 to $10 by the end of the year.
Please stop with the $5 dollar price per share by November talk...lol
Do you know what kind of volume everyday we would need to get to that level.
There are to many shares outstanding...
TRTC would need a reverse split of epic portions to reach $5 per share this year.
Its doing well.... on its own...it just needs time to mature.
The talking is done.... Lets see how the market reacts after Tuesday. I predict a slight correction to the price per share.
SO if people take profits, and the new bottom is say .30 , that is still very solid, considering where we started in January.
I would be very happy with a 1:5 reverse split.
Great Start to the 1st quarter. Just remember there might be a tiny pull-back late next week.
It might just be leveling out at bit after such a big run up.
Do not let this worry you one bit.
Don't be stupid and sell your shares!
I am happy for everyone....it is nice to see positive things happening lol
I'm 385k in ...so i'm liking this progress so far this year.
I actually thought 2015 was going to be the breakout year..i miss- timed it badly.
Its funny how everyone i tried to tell about this up-coming industry loved to call me and point out how much the stock was tanking in 2015.
They avoid me now, because they know how stupid they were for not buying in 1/2016.
My brother in-law was the only open minded person who took my advice.
He called me today, and thanked me for the tip.
Should close at .22 I think it is going to be a slow grind back up...and i mean slow.
The market expects results (not just fluffy news) such as positive revenue/no debt or positive phase 3 testing with medical marijuana trials.
I would think opening a new dispensary would be a nice pop, but what do i know, i thought getting 8 lv permits would send this stock to the moon.
I usually post on here complaining about the 10 to 1 reverse split ratio.
Today i want to say how happy i am with our new bottom of .20 per share.
You should also be happy, as this has happened on basically no news!
Stop complaining
I think it could be good if it was a 10 to 3 like someone on here mentioned.
It allows us to still keep a good amount of shares for the long run, and possibly buy more in the future.
At the pace we are moving now. I think even a 5 to 1 reverse split would be great in october.
So i am trying to see the positive...i really am... I would just hate a 10 to 1 rs.
For those that don't understand why reverse splits suck for longterm bag-holders with > than 200k :
yes you still make money, but not the kind of money you would have made with slower organic growth.
So its like going from buying a new house with your money to being able to only buy a new car.
I think a 10:3 or 5:1 RS makes everyone happy.
Does anyone else think that DP would do a reverse split that was say 5 to 1 or as someone on here stated 10 to 3 reverse split. That would work out soooo much better for longtime shareholders with
a substantial amount of shares.
Is the 600 million shares to big? Could anything less than a 10 to 1 reverse split make everyone happy?
IDK
If there was a 1 to 10 reverse split it would not be good for longterm investors. Would they still make money yes...but not the kind of money they thought when they bought 300k and held strong for all this time. They were hoping it would grow more organic and with less dilution at shareholder cost. regular people would also be priced out of this stock once it did a reverse split. I mean how many shares can a regular working man buy at 7 to 10 dollars a share? It kinda of prices us out, and lets the big boys control and manipulate price and shares. For big time investors, $7-$10 dollars a share is like a penny stock to us.
WHY COULDN,T DP WAIT TO BUY BLUM OAKLAND? 200 MILLION SHARES? REALLY?
why not wait until 2017, and buy it for cash? we would have 4 dispensaries, edible gardens, and ivxx revenue flowing in to purchase it?
Whats 13 months of waiting? we have build outs in LV, Maryland, and NJ in the works.
Greedy,,,,
Great volume for a no news day.... Makes you wonder what this company would be worth if it started with proper financing. It would be the monster company of the US sector.
Greedy and impatient....
DP did not have to dilute the outstanding share count to 500 or 600 million shares.
All DP had to do is slow down a bit and grow organically. He needs to stop the rob peter to pay paul
mentality, and the desperate back door deals that leave him unaccountable.
If DP waited 10 months and used a combination of investor $ +edibale garden $ + ivxx $ to grow, we
would not be in this situation. DP knows he can run the share count "to the moon" and then just hit reset
with a reverse split.
He is not in this for the long hual......he just wants to flip this pos and move on.
It freaking kills me that a crappy company like kush bottles, with hardly any revenue was on the STREET being profiled , and is $1.29 per share.
Meanwhile TRTC and DP with all the dispensaries, IVXX, edible garden, and Maryland /Nj in the works is diluted down to .16 cents per share.........
Thanks DP
He will never stop diluting stock... it sickens me.
At least we have a new higher bottom .16 unless tomorrow is another selloff
This might be a stupid question, but who or what is bmak?
ARE YOU KIDDING ME...LOL "Too the moon" lol
They will not have the other 3 dispensaries open by the summer....lol
Why would DP even say that?
Lets hope 2016 starts to pick up starting today.
Maybe during DP's next state of the union address, he will actually answer our questions, and avoid them like usual.
I couldn't agree more... i mean "to the moon" lol
People do not worry....DP is just thinking of a new way to move forward without any risk to himself, and all the risk and cost at your expense. It takes planning to legally steal money from others.
The Blum Oakland merger was needed. They have to show significant financial progress from year to year. It gives us a brand, and actually may give us almost the same revenue as all the lv dispensaries put together, being that we have to share 40%-50% of the profits in LV.
Does anyone know the exact amout of shares it will take to buyout Blum Oakland? Is it 190 mil or 200 mil?
My wish-list for TRTC:
- We are able to change seeds in NJ in 2016.
- Maryland position gets moving forward ( i wonder if that will capture the wash. dc market as well?)
- If we have to do a reverse split, it will only be a 5 to 1 ratio..
Dear DP please do not go above and beyond to a 5 to 1 reverse split.
I do believe when the time comes to convert a reverse split to increase stock value and meet nasdaq reqs. that the stock price will be around .50 to .70 per share. Multiply that by 5, and we meet one of the reqs concerning price per share. We will also decrease the outstanding share count to somewhere aroung 60 million (not including the float).
Then the freaking stock will fly to some serious highs on the NASDAQ...talking frenzied crazy MDBX run heights.
Hoping when all is said and done that DP only approves a 5 to 1 reverse split.
That will make everyone happy.
I decided to be positive today, and think of a happy medium that would make me happy.
When DP approves a reverse split and we apply for the NASDAQ.
Anyone think theres a chance of only a 5 to 1 reverse split?
Now i could have my numbers wrong, but that would take our outstanding shares count from 285.4 million to 57 million outstanding shares! Now that is totally acceptable, and actually really promising to big-time longterm holders. Because as one poster said..... the real big money investors that can move the price of this stock are trading on the NASDAQ.
Applying to the Nasdaq this early is the worst thing to happen to this stock for longterm holders. I mean the people who stuck with the company and hoped to make more than a 25k+ gain. I am talking major stock holders of over 100k and up. Now most of then bought in at a very low pps , but they believed enough in this company and DP to invest and leave their money locked up in TRTC for the long haul.
If DP slows down the pace and let the stock naturally get to the 2- 4 dollar range without further dilution. It will take probably another 2 years at this pace, then the uplist to the NASDAQ is great for everyone.
I do not understand this greedy rush.....because the only way DP can do it so fast with disregard to all the shareholders is by approving a massive REVERSE SPLIT... WHICH SUCKS FOR EVERYONE BUT THEM!
It says FU to the people who believed in them , and bet on them patiently to find their way through this new industry. I am very disappointed with the Mike James hire...is that even his real name?
REALLY? Thats what this stock has come to? Pumping a 1 cent increase??????
Remember the times when the whole segment was hot and any news would make everything skyrocket?
TRTC is going to open the 1 dispensary it can afford to build before more dilution and it will maybe move 5 cents and then be sold off 6 cents the next day .
DP is greedy and does not care about anyone....karma
side note.... Since i am only allowed 1 email a day..lol
This is a response to the person who responded by saying how grateful we should be to DP for allowing us to have the california dispensary...lol really? lol
First DP needed to do that because he would have negative earnings for 2016 and couldnt cook the numbers to look good enough anymore.
second..... it cost us 200 million shares lol
Whats so funny?
EG finances
Edible Garden Corp. (TRTC)
Total Revenues $ 6,832,805
Costs of Goods Sold $ 6,266,858
Selling & Administration Expenses $ 1,373,976
Loss: $808,029.00
They are giving the product away for next to nothing, just to get the initial contract. They will not be resigned to half of the initial contracts for a second time..lol just read the reports.
As far as the dispensaries and grow facilities go...... They have no money to build out these businesses.
They need to rob peter to pay paul..... or as i like to say dilution at the shareholders expense...AGAIN.
There is nothing to laugh about with this company....history keeps repeating itself
oh and they hired Michael James
DP just wants to build up his resources at any expense and sell the company as soon as possible.
He does not care about your share price or dilution. All he has to do when he is ready and used all of our money is have 10 to 1 RS and cash in his 190 million shares.
This stock is a flipper penny stock.... it has performed horrible for years -> $1.42 to .14 lol
Edible Garden is a joke..and will get dropped and not resigned by most of the company's it has contracts with....
Edible Garden Corp. (TRTC)
Total Revenues $ 6,832,805
Costs of Goods Sold $ 6,266,858
Selling & Administration Expenses $ 1,373,976
Loss: $808,029.00
NJ is just a pipe dream away.... for legalizing MJ.
They do not have enough money to keep building the other dispensaries, let alone a grow facility.
More dilution is needed.
And worst of all....
TRTC has share 50% of the NV dispensary profits....!!
Last but not least Michael James was hired?...lol
This is not a long term play .... stay clear
I agree the location is too far from the touristy part of the strip and where most of the visitors stay. I think people will use this as a last resort, because of the location. LV can get very very shady on the out-skirts.
So we have a bad location, and have to share 50% or the profits!!!!!!!
So they have to share 50% of all profits from the dispensaries, i doubt EG will get alot of 2nd contract signings from current contracts. I am sure DP practically gave them a deal they could not refuse, just to get fake number to be able to post news that looks good on paper so they can pump and dump and dilute shares. You watch once this dispensary opens.... the same thing will happen...pump and dump..lol
How many times has this happened..lol people they hired Michael James....lol
So whats going to be the next news thats going to take it to the moon as you all say? Oh they need all dispensaries open and for Chris Christie to leave his seat and NJ to open up..lol
The BS never ends...lol This is a stock you flip on news... newbies....
Things do not look good for longs. There is a reverse split coming for sure in the near future.
They do not have the money to complete any of the build outs in LV.
Edible gardens will only get 1 and done contracts from half of the stores, because the people who would buy that stuff and appreciate it, will most likely replant it , and not buy again. Also once a store commits on a big order (test the market) and has to destroy and write-off the rest ...they will not re-order.
TRTC has to give stuff away for practically nothing to get contracts, and then share the profits...for example edible gardens, and oh btw all the dispensaries in LV - TRTC shares profit 50/50. They rob Peter to pay Paul.
They will reverse split the stock to uplist ...like a thief in the night, and then sell out the shareholders.
People THEY HIRED MICHAEL JAMES ....ENOUGH SAID.
This is stock to flip if you can get the news and timing right.
Stay clear new investors...
Repeat post:
I am shocked that with all this positive news, and all the growth coming to LV , CA, and IVXX that this stock is tanking. It has been a horrific 2015 and i really thought 2016 would be the year.
It looks like 2017 will be the year. I do not think a CNBC News Story or a dispensary opening in march will do anything but pump up for a day and then dump. I still think the writing is on the wall for a 10 to 1 reverse split.
That is the only way DP can make his money on Nasdaq.
DP wants it too fast at anyone’s expense. He is greedy.
With the latest acquisition of Blum, the stock is clearly is going to do a reverse split. There is no other way DP is going to get this stock to $2 to $3 by June to apply for Nasdaq.
There is no huge reward for the loyal long-term investors.
The best-case scenario for long-term holders is to sell before it hits 1 dollar (hopefully before the reverse split) if you wait and get caught in the RS --> You will likely take in less profit.
There was no need to move this fast at stock holders expense...in a few months regular bank finance would probably be available in Nevada, edible gardens is growing, Ivxx $ can be reinvested into the company etc. etc. etc....
This man wants the quick reward at your expense. He does not care people.
Watch your money very closely.
I am shocked that with all this positive news, and all the growth coming to LV , CA, and IVXX that this stock is tanking. It has been a horrific 2015 and i really thought 2016 would be the year.
It looks like 2017 will be the year. I do not think a CNBC News Story or a dispensary opening in march will do anything but pump up for a day and then dump. I still think the writing is on the wall for a 10 to 1 reverse split.
That is the only way DP can make his money on Nasdaq.
DP wants it too fast at anyone’s expense. He is greedy.
With the latest acquisition of Blum, the stock is clearly is going to do a reverse split. There is no other way DP is going to get this stock to $2 to $3 by June to apply for Nasdaq.
There is no huge reward for the loyal long-term investors.
The best-case scenario for long-term holders is to sell before it hits 1 dollar (hopefully before the reverse split) if you wait and get caught in the RS --> You will likely take in less profit.
There was no need to move this fast at stock holders expense...in a few months regular bank finance would probably be available in Nevada, edible gardens is growing, Ivxx $ can be reinvested into the company etc. etc. etc....
This man wants the quick reward at your expense. He does not care people.
Watch your money very closely.
I am shocked that with all this positive news, and all the growth coming to LV , CA, and IVXX that this stock is tanking. It has been a horrific 2015 and i really thought 2016 would be the year.
It looks like 2017 will be the year. I do not think a CNBC News Story or a dispensary opening in march will do anything but pump up for a day and then dump. I still think the writing is on the wall for a 10 to 1 reverse split.
That is the only way DP can make his money on Nasdaq.
DP wants it too fast at anyone’s expense. He is greedy.
With the latest acquisition of Blum, the stock is clearly is going to do a reverse split. There is no other way DP is going to get this stock to $2 to $3 by June to apply for Nasdaq.
There is no huge reward for the loyal long-term investors.
The best-case scenario for long-term holders is to sell before it hits 1 dollar (hopefully before the reverse split) if you wait and get caught in the RS --> You will likely take in less profit.
There was no need to move this fast at stock holders expense...in a few months regular bank finance would probably be available in Nevada, edible gardens is growing, Ivxx $ can be reinvested into the company etc. etc. etc....
This man wants the quick reward at your expense. He does not care people.
Watch your money very closely.
So i found this explanation of how a company up-lists Nasdaq.
If what is listed below is true. I think long term holders will not have to worry about a reverse stock spit in the near future, and the company can grow just as fast without one ( at a-little slower pace).
We currently do not meet the reqs below.
What are the NASDAQ’s listing requirements for all companies?
There are three sets of listing requirements for the NASDAQ and each company must meet at least one of the three sets to be listed on the exchange. Depending on the company’s underlying fundamentals, there are three ways to become listed on the NASDAQ. If a company does not meet the requirements of one set, such as the minimum operating income, it would need to qualify in other areas such as revenue, cash flow, or market capitalization.
The NASDAQ requires every company must meet these requirements:
Each company must have at least 1,250,000 publicly-traded shares upon listing. These shares exclude those held by officers, directors or any beneficial owners of more than 10% of the company.
The bid price at the time of listing must be at least $4.00 and the company must have at least 3 market makers. A company, however, may qualify under a closing price alternative of $3 or $2 if it meets other requirements.
Each listed company must comply with NASDAQ corporate governance rules 4350, 4351 and 4360.
Companies must have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
In addition to these requirements, companies must meet ALL of the criteria under at least ONE of the following standards.
For the prior three years, the company must have aggregate pre-tax earnings of at least $11 million. The company must have at least $2.2 million in the prior two years, and cannot have operated at a net loss in any of the prior three years.
For the prior three years, the company must have a minimum aggregate cash flow of at least $27.5 million (no negative cash flow in any of those three years). Also, the company’s average market capitalization over the past 12 months must be at least $550 million, and it needs to have generated at least $110 million in revenue during the previous fiscal year.
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million and it generated at least $90 million in revenue during the previous fiscal year.
Its a nice thought Mag, but ever notice its " wait till this happens" then the day comes and the stock price stays the same or sometimes spikes and then ends up lower.
I swear when they received the LV permits that this stock was going to explode.
Never did... I thought that was some pretty big news.
I understand the share count differences, and the most of the foundementals of Tweed.
How can they still have such a higher price per share ratio? Have you seen their revenue/ earnings?
They stink.
TRTC should be at least $1 a share.
Im Sorry..lol i just get all riled up with this board....im gonna put myself in time out for the day..
DP never pick our questions to answer.....its pathetic