is...doing as little as possible
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My god! The carnage...blood everywhere, rape, and plunder. Homes burning, livestock dead.
Cannabis to be descheduled and regulated like alcohol and tobacco. Announcement will be made by the DEA by the end of June.
I'm afraid I am with you on all your points. I do not understand why the company did not PR the Grand Opening of Blum LV the day it opened on 4/20. One would think it would have been more celebrated since it was such a significant event in TRTC's history and now I am told that Blum LV doesn't even have any IVXX in stock, just empty packages in the display cases. For a supposed IVXX relaunch, it appears to be rather muted except for the vape pens and oils. Then we get the rush of insider selling, the 8K about a r/s and increase in authorized shares. It's enough to make a long vomit. I still have faith in the company and intend to hold for the long run but I can't help but wonder if there isn't maybe some internal struggle going on between the preferred shareholders.
Well, he is quite wealthy so I imagine capital gains could be significant. The downside of being wealthy. Another accountant couldn't hurt though.
Yeah, so? Maybe TRTC wasn't the only one he liquidated some shares of. We have no way of knowing. Frankly the whole issue is irrelevant. It's his shares and he can sell any time he wants to, just like you can. He doesn't answer to us nor we to him. He still has a ton of shares and I would only be concerned if he was dumping most of them.
It's TAX season with a looming deadline. When you owe taxes, you pay those taxes or you have penalties applied. Most wealthy people don't keep cash laying around. They have their money working for them via stock, bonds, etc. In order to pay those taxes you have to liquidate some investments. It's COMMON SENSE.
You do realize that this stock is trading 10 - 15 millions shares a day now. The combined sell of 1 million shares by company insiders who have not sold any shares in at least 6 months is less than a drop in the bucket. It is also time to pay taxes and people are probably selling to get the funds to pay those tax. I am not worried about a miniscule 1 million shares, which is quickly absorbed and the pps starts going right back up, and neither should anyone else be. Yelling that the sky is falling is for Chicken Little. Don't be a Chicken Little.
Why thank you! I do my best to bring a ray of sunshine into the darkness here. lol
Already got every available cent invested. Disabled and on fixed income. Can't pay for all my meds as it is. TRTC is gonna ensure my comfort in my remaining years. All donations of food, meds, or shares gladly accepted, lol.
LOL, what a shitty stock. Going down into the teens today. Won't make any money on this POS....why even bother dudes?
Better get back in before we hit $1 this month! I'm not complaining when I earn $2.6K in one day!
It is more than likely that the ASSETS TRTC purchased (not the company) may have something to do with with NRTI's (a nutraceutical company) products and patents. A company was formed in Delaware a month ago that is owned by Michael James, former CEO of NRTI. Michael James is also the Chief Financial Officer & Accounting Officer at TRTC. The lack of information on the deal is a little worrisome and it looks like something somewhat foul might be afoot. I'm just guessing here based on appearances only. I have no facts to back any of it up with.
Sorry but that is an ancient Chinese secret.
Work underway on the 2nd Vegas dispensary. TRTC is moving full steam ahead.
https://www.facebook.com/terratechcorp/posts/1131071653610812
Kind of damned if you do and damned if you don't, don't you think? "Oh! Its dropping! Manipulation!", "Oh! It's increasing! Manipulation!"
"A strange game. The only winning move is not to play." ~ Joshua
The basic details were included in the original announcement. I'm sure there have been some adjustments since then though. Also, some of the details will depend on today's close so they will have to plug in some numbers and see what comes out. Be patient, we will get plenty of details within the next couple of months, probably once 1st qtr results come out. Just know that we are now a much bigger company with a profitable subsidiary, 42,000 retail customers already and 200 wholesale customers. We've just increased our asset value, future earnings, market cap etc. We are in good shape going forward.
oh dear! I'm afraid you were off by a few cents. We closed at .245 on a big bounce back in the last 15 minutes. I guess things aren't as grave as you claim them to be.
what is driving down TRTC's pps? FEAR, that's all it is. If people would have just held and not let the shorts manipulate thier emotions everything would have been fine. Put the blame where the blame is due. Inexperienced investors looking to make a quick buck. When they get burned, they turn thier anger on the company and blame it for thier own failure.
What did he declare that was not true?
I have seen no such declaration. Care to share a link to it?
Any OTC stock is a vehicle for perpetrators. Don't blame the companies unless thier hands are all over it, which in this case TRTC's were not.
"They" didn't pump anything. There were no significant PRs or rumors that would pump the stock since the merger announcement in January, which had little effect on the pps. You do realize though that during the 3 trading days prior to the release of the annual report that 30 million shares traded hands at between .30 and .40 per share. The company certainly wasn't diluting that many shares because it didn't have that many to dilute needing all they could get in order to close the merger deal. So who would could afford to drive the pps up so quickly and then short the shit out of it after the financials came out? I can think of a couple of possibilities. Hedge funds who drove the entire MJ sector up after GWPH announced the results of thier MJ phase 3 trial. MMs were most certainly involved too. Were there others? You tell me.
Hobo, because they cannot open the doors until the state issues the final license. They have stated this clearly.
and past filings have shown what? Enormous growth in revenue, huge reductions in costs, no insider sells since last September, big reduction in debt etc. Based on prior filings, I would say the odds are that things are looking good. Wouldn't you?
wise words from one who never has anything good to say about the company, despite all the advancements in the company's plans, all its accomplishments, the dramatic rise in its pps from new investors who actually have faith in the direction the company is going. The volume of trades the last few weeks have been astronomical. There are a LOT of new people who have done their due diligence and see the incredible job DP has done. If all one focuses on is the bad that is all they will see. They become blinded to the truth.
Folks, don't listen to the nitwits talking about ugly, brutal, poor filings etc. Filings aren't even out yet. How could they possibly know anything about them? They don't. Today's selloff is mostly caused by short sellers that had been driving the pps up and are now pulling out the rug, causing the weak hands to sell out at drastically reduced prices. That is how they make a profit and they are very good at causing fear and doubt. Stay long and strong! We'll come through this just fine and continue our climb upwards.
Why would you say something like that? You have no idea whatsoever what the filings will look like. All talk like that is doing is causing fear and doubt, inducing people to sell thier shares cheaply to the short sellers, who are making a killing today. When they realize they have been cheated they will blame the company when it is clearly the fault of those who make these kinds of comments.
Stay long and strong folks! We will come through this and continue our climb up.
as do I. I am simply basing it on my own understanding, which could be wrong.
If I understand the amended agreement, yes
Derek has ALWAYS had a conf call after releasing financials as a courtesy to the shareholders. He is a communicator. It's what he does best. To read any nefarious meaning into his holding a conf call is unfair and unwarranted.
The value of the Blum deal is approximately $21 million. That figure does not change. It is not based on a certain share price. Ultimately the share price will be determined at the time of closing. If TRTC's pps is 50 cents at that time then Blum's owners will get 42 million shares. If it was still 9 cents a share then they would get 200 million shares. In either case the value of the deal would still be $21 million.
Keep an eye on the sector, not just TRTC. You'll see this is a sector wide bull market roaring right along.
OMG! Those people are hilarious and sooo stoned, lol
"The purchase price of Blum Oakland is 1.5 times forward-looking revenue for the 12 months following the closing of the merger. To protect stockholders, 80% of the equity will be held in escrow subject to performance adjustments at the end of the 12-month term."
The way I read this is that TRTC will pay Blum stockholders 1.5 times the forward looking 12 month revenue, which is estimated to be $21 million. The key part of that statement is "following the closing of the merger". If at the time of closing the TRTC share price is 50 cents per share then the Blum stockholders would get $21,000,000/.50 = 42,000,000 shares. If the share price was 10 cents per share then they would get $21,000,000/.10 = 210,000,000 shares. The exact number of shares will depend on the TRTC pps at closing and then the actual 12 month revenue of Blum.
The current ramping up in TRTC share price is actually in TRTC's favor, considerably so. The higher it goes, the less stock it will cost TRTC.
I think your 50 cent estimate for April is incredibly conservative. If one considers the volume we have been seeing, all the free press we are getting, all the "clubs" giving us a strong buy rating, and the lack of institutional shares being offered up for sale I think we could see an enormous increase of the pps. So, walking out on a limb here, I think 1 dollar is not out of the question.
Oh, and that does include plenty of nap time.
I think you need a new crystal ball. Yours seems to have a huge crack in it that has been giving you numerous misreadings.
au contraire mon ami, the day is young! Watch and learn!
They'll just get burned again. TRTC is on an upward roll that cannot be stopped. Too much buying pressure. They will not be able to keep it down and will have to once again cover, just like they had to yesterday.
It's only 8:00 AM EDT, lol. Give it time.
Terra Tech Schedules Year End 2015 Earnings Release for Tuesday, March 29, 2016
NEWPORT BEACH, Calif., March 22, 2016 /PRNewswire/ -- Terra Tech Corp. (OTCQX: TRTC) ("Terra Tech" or the "Company"), a vertically integrated, cannabis-focused, agriculture company, today announced that it will release its year end 2015 results on Tuesday, March 29, 2016 after U.S. markets close.
The company will also host a conference call on Tuesday, March 29, 2016 at 4:30pm Eastern Time.
Dial-In Number: 1-857-232-0157
Access Code: 422095
For those unable to participate in the live conference call, a replay will be available at http://www.smallcapvoice.com/trtc/. An archived version of the webcast will also be available on the investor relations section of the company's website.
About Terra Tech
I'll see your PR tomorrow and raise you a PR today after the close.