Retired
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You are an excellent example of of a TRTC shareholder. You cannot see the truth even if its right in front of you..... Please read the facts prior to buying...... the gold was clearly identified as ONE solid Rock... You have no way of getting it to shore but yet you will spend millions trying...and yes some day you will realize your boat is too small so just go out and buy another one and INCREASE your Float( pun intended).....
HOw many 1/2 ton ships can carry a Ton of Gold ?
What if we replaced the produce with shrimp and Marijuana with GOLD to make this story easier to understand. TRTC owns a shrimp boat that costs 6 million dollars and they a payments at 12% interest. Their main source of income is catching shrimp but when they are done selling the shrimp they are 100,000 dollars in the red and should ve just stayed at the dock. But wait they have verified there is a a solid rock of pure gold at the bottom of the sea not more than 20 feet under the water...Problem is the rock weighs a ton, to some this is fantasic cause they will all be millionaires but their ship is only rated at 1/2 ton and they have no crane....But wait they found a crane that can do the job for 11 million dollars but need two helpers who are crane certified and they want 50% of the profit and will put up 1.3 million and all TRTC has to do is find another 9.75 million to pull up that one ton rock and bring it to the dock in their 1/2 ton ship.... They are currently looking for investors to pony up the 9.75 million as on November 5th GOLD season opens..
If they get the licenses in Nevada , where will they get the 9.75 million needed to build the facilities and operate them?
I bought some TRTC at .67 and GWPH at 67.00 on the same day to see which stock is REALLY expensive to buy......
The OS shares went from 167 to 333 million, with the last S-1 they sold 48 million shares for 6 million dollars...... and they still need 9.75 million dollars IF they get the Nevada licenses...and during the times of building Nevada the convertible notes become active....so after all this is accomplished they will have at least 16 million in debt and their business model in Nevada is shared, thus they will be sharing profits of roughly 50%, where the investors offered 1.3 million in cash and TRTC had to come up with 9.75 million....... From what I found an average dispensary makes between 500,000 to One million a year....
I am just interested in conversation that includes facts that verify either pro or con on the business model... Statements that instill FEAR, ANGER or Greed does not benefit anyone....
I had a conversation last nite here and a fellow poster advised this last filing for 48 million shares only generated a little over 6 million dollars as the share price was only .125... Thus the 11 million needed to Open the doors sometime after November 2014 needs to found? Does everyone agree or disagree?
Whats needed is legislation to allow all forms of Marijuana to cross state lines for the purpose of Medical Marijuana. That would speed up the process in Nevada, where dispensaries are required to start their initial batch from Nevada patients...
I believe the other day you suggested revenue from a 35000 to 50000 sq foot facility would generate a wealth of Marijuana..... I believe those structures you refer to need to be built... I have been involved in building homes say 3,000 sq feet and four to six months is reasonable time...so I would think a 35000 to 50000 would take at least the same amount of time....as I thought Nevada required Marjuana to be grown INSIDE and not in a green house setting....
I could be mistaken, but I thought the construction of the cultivation buildings will begin after STate says yes, Countys says yes, City says yes, then plans submitted for approval, then construction(?? how long) and the planting and harvesting ( how long)??? I would think mid 2015 would be realistic....before sales.
Nevada wants production, cultivation and dispensaries operational by Jan 2015.????? thats impossible
I think you mean Jan 2016
I thought the floor was .30... but now that you explained its .125 it makes more sense now why Domminion would not be upset till the share price gets below .125...... so in theory... we could hit .125 and then bounce back if conditions merit ........
Thanks, I must have misunderstood page two of the filing that shows 16 million......I wonder why they talk about needed funding of 11 million that is not related to the filing...... very confusing...
I thought reading CALCULATION OF REGISTRATION FEE on page two of the filing they were to receive a total of 16 million ??
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10203255
Just to be clear, you are saying the S 1 A was for 48 million shares in return for only 6 million and the 11 million they need for Nevada will have to come from additional financing.....
I thought they got .30 a share for 48 million shares which equals just over 14 million dollars....
Convertible Notes
As of the date of this Prospectus, we have outstanding Notes convertible into up to 20,654,103 shares of Common Stock; however we have reserved 41,308,206 shares of Common Stock for issuance upon conversion of the Notes, all of which are registered in this Registration Statement. Each Note is convertible at a rate equal to 90% of the-20 day VWAP of our Common Stock prior to February 5, 2014, which price the Company estimates to be approximately $0.30753 per share, subject to adjustment.
Here is the use of proceeds that exceed 6 million and cover all current costs for Nevada..
Use of Proceeds
We used $226,840 of the proceeds received in the Debt Placement to repay an affiliate of Dominion for an outstanding loan. We have used and intend to use the remaining proceeds from the Debt Placement and from the exercise of the Warrants to execute our growth strategy, to aid in the commercial development of GrowOp Technology, Edible Garden, MediFarm, MediFarm I, and MediFarm II, and for general corporate purposes.
We have used a portion of the proceeds received in the Debt Placement for the permitting process and professional fees, including architects, engineers, attorneys, and lobbyists with respect to MediFarm, MediFarm I, and MediFarm II. Assuming MediFarm, MediFarm I, and MediFarm II receive all the necessary permits and licenses applied for, we anticipate we will need approximately $11 million for the commercial development of these subsidiaries. With respect to MediFarm, the estimated construction budget (for year one) and operation budget (for the first five years of operation) is approximately $500,000 for the dispensary facilities and approximately $5 million for the cultivation and production facility. With respect to MediFarm I’s dispensary facility, the estimated construction budget (for year one) and operation budget (for the first five years of operation) is approximately $500,000. With respect to MediFarm II’s cultivation and production facility, the estimated construction budget (for year one) and operation budget (for the first five years of operation) is approximately $5 million. Forever Green NV, LLC, a member of both MediFarm I and MediFarm II, has agreed to contribute approximately $500,000 in the form of debt to MediFarm I and approximately $750,000 in the form of debt to MediFarm II. We will be obligated to contribute the remaining amount, or approximately $9.75 million in the aggregate, for all three subsidiaries.
With respect to GrowOp Technology, we anticipate needing approximately $110,000 for the commercial development of this subsidiary, which includes anticipated expenses for purchasing, marketing and selling of a new line of double ended lighting.
With respect to Edible Garden, we used approximately $700,000 of the proceeds received in the Debt Placement to purchase high tech Dutch movable hydroponic tables that we anticipate will reduce labor and increase productivity. We anticipate requiring an additional $50,000 to assemble and install these tables.
Interesting, I read the S 1a and thought it .30 cents.... any way I will reread it and post it here for a healthy debate..
I like dealing is answers that are specific with back up documentation. To make a statement the OS will go to ONE billion based on current convertible notes...need specific documentation IMHO...
The OS is 333 million and in cluded in that is the recent 48 million where 11 million of that will cover the costs of Nevada....The way I read the S 1 a they NOW have enough money to build out AND operate for five years....
Someone has suggested the current OS of 333 million could easily reach ONE Billion based on the current financial conditions. Would someone kindly explain thru some sort of formula what the increases will be when certain deadlines are reached...
Anyone have a update on TRTC with VAPOD selling cigarettes with oil generated from the extraction lab and sold to a network of dispensaires in four states......??
Could you please show me the numbers.... HOw 330 million..... triple to 1 Billion.... What multiplier are you using...?
dropped to 221....... maybe you need to wait..price is getting cheaper by the minute
ask just dropped to 229......
there is over 60,000 at the ask at .23 even..... buy all you want
You apparently never heard of a company buying back shares??
If anyone understands the value of TRTC today versus November, would not that be the Management, who have Five Million dollars in cash to be used to build out dispensaries and cultivation locations. Total costs are 11 Million dollars. If they buy 11,000,000 shrs at .25 or less...it will cost 2.75 million... In November thru April 2015 they can sell off those 11 million shares at an average price of 1.00 and pay for ALL costs of the Nevada endeavor including FIVE years of operational funding....
If insiders wont buy at .25 or less... why would we ???
Last time I could find .25 a share was on Jan 7th....it was .24 cents a share and in seven days later it traded over 100 million shares..wow... it that happens again....we could be back to .32 cents a share... Heres hoping !!!!
Where do u see the stock price three or four years from now ?
I for one would welcome a spin off so Medifarms and Edible GArdens are separate.
2015 revenue on edible gardens will be over 10 million dollars while during the same time period Medifarms will be spending over 11 million dollars preparing for Medical Marijuana sales...
Over 7 million warrants at .06 can be exercised in the next 49 months....Now thats a sweet deal.......... Some here say the share price will go to a 1.00..... I wonder who pays for the .94 cent difference on those 7 million shares....total cost over 6 million dollars...
There is over 5 million warrants exercisable in the next 11 months at .33 cents a share.... BOD should buy those shares today at .25 cents and save the company over 400,000 dollars and almost pay for the Las VEgas Dispensary.
Nearly 60% of dispensary owners who responded to a recent industry survey said they take in $500,000 or less in annual revenues
http://mmjbusinessdaily.com/from-less-than-100k-to-millions-of-dollars-annual-marijuana-dispensary-revenues-run-the-gamut/
I see now you have stated for medicla marijuana will reap $5,000 a pound....
That means an oz will cost a patient 312.00
Patients can buy up to 5oz a month = or 1562.00
I wonder how many medical marijuana patients can afford that?
It appears you are combining recreational marijuana sales with medical sales.... Just two weeks ago I was watched Clark County commission meeting ref Medical Marijuana as they were concerned about applicants ownerships had changed and will re address that if those applicants receive state approval... But more important it was put on the record that CLARK County Nv will not endorse recreational marijuana..... period.
I respect your position in this matter, but gross proceeds are not germaine to the issue.. Shareholders need to know the bottom line revenue after expenses and the 40% to 55% reduction paid to private investors...
Any realistic revenue from cultivation will be in 2016....
2015 will be construction and then cultivation.......which brings up another issue and thats initial plants .... Per NEVADA law cultivation centers have to acquire plants from patients... I wonder how many plants it will take to generate expected revenue..??
Using your credible numbers:
35,000 sq feet generate 12346 lbs yearly equals 197,536 oz of marijuana. Patients can have only 2.5 oz per 14 days...but lets say 5 oz a month....that means your one dispensary in Nevada needs
over 39000 patients....to sell those 12346 pounds in one year.
State of Nevada has 5000 patients....
TRTC will have two cultivation centers thus now we need close to 80,000 patients....
I was crunching your numbers and if I am wrong please help me.
I believe you posted a pound of weed can sell for up to 3 grand and a 50,000 sq foot facility can generate up to 75 pounds a week.
Does that mean 75 pounds times 52 weeks equal 3900 pounds at a rate of 3,000 a pound...
If so $3,000 a pound times 3900 pounds equals 11.7 million not 25 million and don't forget DP said it would cost 35% of gross to operate so 35% of 11.7 million is roughly 4,000.000.
My final net is roughly 7,000.0000 dollars...
If your numbers and my numbers are right, that means the one cultivation center in clark county can only produce 3900 pounds of marijuana for TWO dispensaries, which means each dispensary in Clark county will yield a profit of 3.5 million a year at 100% operational speed