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Blumoak receives four out of five stars.... try something else..http://www.yelp.com/biz/bl%C3%BCm-oakland-oakland-3
So you agree smart money is buying in the .30's :)
You have 72 hours on Ihub....another cat with nine lives..
Interesting statement
http://www.reviewjournal.com/news/pot-news/county-s-pot-permit-process-found-wanting-some
Williams said the state will look at applicant disclosures, and any information the state receives will need to be verified from publicly available information, regardless of its source. Factors such as past bankruptcies and lawsuits aren’t disqualifiers under the state law,
Williams said the state will look at applicant disclosures, and any information the state receives will need to be verified from publicly available information, regardless of its source. Factors such as past bankruptcies and lawsuits aren’t disqualifiers under the state law,
http://www.reviewjournal.com/news/pot-news/county-s-pot-permit-process-found-wanting-some
Heres a video where DP discusses Reno and the costs....to establish a dispensary, cultivation center etc.... I didnt realize DP was going to put in a dispensary to the south and to the north of Nevada.
http://www.rgj.com/story/news/2014/05/18/rgj-depth-gold-green-marijuana/9230889/
Are you going to ignore the NRTI contract and the VAPO contract..
Are you going to ignore all the recent contracts that were outside the scope of Q2.... Kroger, A & P, etc....
CAnv issued the same thing and went up 48 %
We expect to realize revenue to fund our working capital needs through the sale of raw and finished products to third parties. However, we cannot be assured that our working capital needs to develop, launch, market and sell our products will be met through the sale of raw and finished products to third parties. If not, we may not be able to maintain profitable operations. If we are unable to maintain profitable operations sufficient to fund our business, we would need to raise additional capital through either the issuance of equity, acquisition of debt or sale of a segment of our operations in the future. In the event we are unable to maintain profitable operations or raise sufficient additional capital, our ability to continue as a going concern would be in jeopardy and investors could lose all of their investment in the Company.
Just to confirm...since u did not name any companies....did you talk with Sunshine Growers or Palm Creek Produce?
Las Vegas Dispensary is coming folks...
Here is a link to the Las VEgas Dispensary....http://blumlv.com/
Here is a link to the application form:http://centralmediaserver.com/ksnv/marijuana_applicants/BL%20Disclosure%20Form%20-%206585%20W.%20Gary%20Ave.%20-%20Cultivation.pdf
Here is a link to the first dispensary in california owned by Derek Peterson...http://blumoak.com/
As you can see he has the experience and knowledge ....
Just turn off the puter and get some sun...
They got Four out of Five stars......... see link..http://www.yelp.com/biz/bl%C3%BCm-oakland-oakland-3
That makes no sense,, Peterson and crew currently run one of the best dispensaries in California......
With all this great news on increased revenue and low share price I am sure insiders like AMy will buy shares at 35 cents... I mean she sold in March of this year at 1.25 and made millions.....IN fact all the insiders should be buying this stock today !!!!!
Before we pass out the jim jones juice bottles..lets give management a chance to respond. We may have misunderstood certain facts like what those two un named indivduals receive for whatever they offered in the deal..
Steve Risk I re read the S-1 and found that they received the 6 million in exchange for 22 million at a price of .30 cents but had to reserve the 50 million...for whatever reasons.... difficult to understand and I maybe wrong... for what its worth..
Each Note accrues interest at a rate of 12% per annum and has a maturity date of 18 months after issuance. All principal and interest due and owing under each Note is convertible into shares of Common Stock of the Company at any time at the election of the holder thereof, at a conversion price equal to approximately $0.30753 per share, subject to adjustment. Beginning on August 5, 2014, and continuing on each of the following eleven successive months thereafter, the Company is obligated to pay 1/12 th of the face amount of the Notes outstanding and accrued interest.
The Notes are currently convertible into a total of 22,678,995 shares of Common Stock, which may increase in the future if the conversion price is adjusted upon our sale of equity at a price less than the then-conversion price. Pursuant to the Amendment, we agreed to reserve an aggregate of 45,357,990 shares of Common Stock for conversion of the Notes upon such adjustment, all of which are registered hereby.
I dont see any reason that the inventory for the Las VEgas Dispensary will ready day one with respect to edibles and oils...They can have them delivered from their Oakland Store as the code allows this based on available and price.. Enjoy the ride
Las Vegas Dispensary is coming folks...
Here is a link to the Las VEgas Dispensary....http://blumlv.com/
Here is a link to the application form:http://centralmediaserver.com/ksnv/marijuana_applicants/BL%20Disclosure%20Form%20-%206585%20W.%20Gary%20Ave.%20-%20Cultivation.pdf
Here is a link to the first dispensary in california owned by Derek Peterson...http://blumoak.com/
As you can see he has the experience and knowledge ....
Just turn off the puter and get some sun......
Abraham Lincoln, (1809-1865), 16th President of the United States of America, declared bankruptcy in 1833 because of a failed business. He was required to repay his creditors over a period of 17 years, much longer than the maximum requirement in a Chapter 13 today, which is 5 years.
Walt Disney, 1901-1966, cartoon creator, filed for bankruptcy in 1920 after his main client of his new business filed bankruptcy. Disney said he could no longer pay his employees or the rent and had no choice but to file bankruptcy himself. In 1923 her formed a new company with a loan from his parents and his brother. In 1928 her created “Mickey Mouse” and the rest is history.
MOre Likely the State of Nv will look at the Dispensary owned by Derek in Oakland Ca and see that it is one of the most highly rated dispensaries in the region... and vote YES......
Cultivation and production in where the money is.... Running a dispensary will be a pain in the butt.... Part of the code in Clark County is a loop hole ref availablity and price...It is very clear that any of the dispensaries can go elsewhere if they need a certain strain plus if its a competitive price...TRTC has the expertise to grow quality medical marijuana and be able to supply ALL the dispensaries in Clark County.....Patients will demand quality and TRTC will be able to meet that mandate...Just look at their Oakland Dispensary already in operation... TOP notch....
Sorry, for using the wrong words... but in layman's terms.. do they or don't they owe someone 19 million dollars ???
taken from the S 1.We have sustained losses from operations in each fiscal year since our inception, and we expect these losses to continue for the indefinite future, due to our substantial investment in research and development, attorneys’ fees and expenses, and consultants’ fees. At December 31, 2013, we had an accumulated deficit of $14,837,317 and stockholders’ equity of $83,487. As of March 31, 2014, we had an accumulated deficit of $19,753,807 and our stockholders’ equity increased to $2,321,725.
First of all I am long and only wish best things for TRTC. But lets crunch your numbers... U say 30 million in revenue.ok and DP say it will take 35% to run the operation.... that leave 19.5 million. Now give those two unk persons their 50% cut and you are left with 9.25 million..... but dont forget as of today they owe 19 million in debt and in Sept 2015 addition debt comes from the 50 million shr deal that was just done..... Bottom line I dont see much share price apprecation in the near future....
They cant start building till the state approval which is in NOV..then they need building plans approval.... thats why Clark county gave all the applicants till DEc of 2015 to be ready to grow.
So you feel they can build a 35000 sq foot building and receive a certificate of occupancy in roughly 60 days....
I would just like a clarifcation on how that agreement with two people will effect THE BOTTOM LINE....
Maxxm what is your time line on when TRTC gets STate Approval ?
Then how long will it take for their plans to be accepted by Clark County to build a 35000 enclosed cultivation and production building?
Then how long will it take to build a 35000 building?
Then how long will it take to grow and sell their first 75 pounds of medical marijuana?
I am surprised no one is concerned about the partnership in the Nevada Dispensary... S 1 clearly shows two unknown persons have a 60% to 40% interest..... so in my mind whatever revenue is made in the year 2016....two years from now... shareholders will gleam app 50% of the revenue while probably having to bear 100% of the costs...
Maybe I am wrong, maybe the poster is wrong , I didnt see you post the date of the earnings.... I thought it was the 15th and then I heard its delayed to the 22nd...... what info do u have..?
I look forward to the Spin off.... The day will come when they turn Medifarm LLC into a stock and probably reward TRTC share holders with one free share for every 100 shrs owned ..... TRTC then can concentrate on produce and not be slammed by short sellers....
call me nuts...but I listened to DP talk about the WalMart deal and if that agreement expands the sheer volume to Walmart coupled with less headaches running a regular automated green house full of veggies NOW will reap a nice return..... DP said.... that all they have to do is deliver to one distribution point and Walmart will move em to all the stores......bottom line lets see the strawberries in October....2014.....
I agree.... but the costs associated with the NV deal are high and I am concerned over the return now that the S 1 states TRTC has two un identified partners and as a result the return will be only 40 to 50%.....so now the costs are HIGH and we only get ??? 40 to 50% return???
I don't think you will see revenue from MJ from Nev till 2016. In the mean time based on todays news from VAPO i believe TRTC will be distributing those vape pens filled with cannabis oil to dispensaries in four different states and that revenue will help the current share price..
YEs they have a plan ...... and yes they need state approval.. and yes they need their building plans approved.. and yes it will take months to build per the code and security issues and yes they have to be up and running by DEC 2015......
Where are they going to grow it.... all thats there is a cement slab.
Maybe they wanted to have the shares at a cheaper price and felt the earnings report would raise the share price, thus increasing their bonus....
I heard they did......