is...doing as little as possible
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Looks like the lunch time flippers are back in action again. You can tell when they are cashing out because it always starts right around lunch time with a big dump and carries on for the rest of the day.
If you expect them to stop issuing shares then you will be sorely disappointed. DP clearly stated last year that mergers and acquisitions will be accomplished via the issuance of new shares and you can most certainly expect additional mergers and acquisitions in the future. As some of those mergers and acquisitions will be companies currently owned by TRTC executives, among others, they will be entitled to additional shares of TRTC as those mergers and acquisitions occur, and rightfully so.
well it's not like this industry isn't replete with its share of angels and devils. We're talking about an industry that had been completely operated by gangs, drug runners and drug lords til now. You're bound to run into some here and there and not know it. I'm sure TRTC and/or its people are going to run into their fair share from time to time. Consider this, DP put his life on the line in exposing the corrupt union organizer who was demanding loans that would never be repaid in return for help defeating unionization. He didn't have to do this. He could have gone along with it and kept the unions out. Instead, he did the right thing. I think that speaks volumes as to his character. That's not to say that he is 100% clean. We all have our moments of darkness. But overall, I think his heart, and his head, are in the right places.
I don't understand why DP gets dissed for things out of his control. There were delays in licensing, delays in sign offs on architectural plans, major delays due to the sewer problem no one expected etc. Any "promise" made by a company executive is what is called a "forward looking statement", which means that things beyond the company's control could delay or even change the plans if the business needs or the economic climate changes. It's not like DP lied when he said the dispensary would open this past fall. That was the goal, if everything went according to the plan, which it didn't. Give the guy a break and quit attributing all kinds of nefarious intents to him.
You don't. I'm not sure how the SEC reporting of all this is done though, if at all, since it has already been reported via the original form 4.
OK, here goes...
As an option is granted (quarterly in this case) the grantee has 3 options:
1) Buy the stock at the strike price & hold it
2) Cash in the option. That is, buy the stock at the strike price & immediately sell it back to the company at market price, pocketing the profit
3) Let the option lapse (ie don't buy it & lose the option)
The form 4's were for stock OPTIONS, not outright shares. That means that each quarter they have the option to buy 1/12 of the total shares in the option for the strike price. These are not outright gifts. They will have to either pay for them each quarter or sell the option back to the company if there is a profitable difference between the strike price and the then current price per share. They could also let the option lapse if the then current pps is less than the strike price.
How can one be so negative on TRTC but lack a understanding of how & why mergers and acquisitions are done? I am totally dismayed.
What have you done with beavis? I know this isn't him. He sings a totally contrary tune about TRTC around here.
My gawd! Share price only up 22% today. Epic fail TRTC! lol, hahahahahaha
When a business sells itself to another business, the shareholders of the business being sold have every right to expect a profit from the business they built with their own money, blood, sweat, and tears.
Oh, I see. You think Blum should have just gifted itself to TRTC and Blum's investors get nothing for their investment in Blum? Thank gawd you aren't running the company. We would be bankrupt within 6 months. There is a serious lack of understanding of how mergers work here. I suggest more DD.
and why shouldn't they profit from the merger? It was their money that went into Blum and built the business. I begrudge them no profit from the transaction and I can't understand why anyone would. If it were you, you would want to profit too.
Some clearly do not understand just what today's announcement means for TRTC and appear to be choking on the news instead. Choke on, bro, choke on. lol
“Today, we can proudly claim the title of the only US-based, publicly-traded company that touches every aspect of the cannabis life cycle—from cultivation, to extraction, to branding, and now, with the acquisition of Blüm, to retail sale,” said Derek Peterson, CEO of Terra Tech. “In addition to enhancing our cash-flow, this merger positions us to capitalize on the new regulatory landscape in California, which will change significantly with the implementation of the Marijuana Regulation and Safety Act in 2016.”
Sometimes it is far better to let people have their day in the sun than to take pot shots from the shadows. Today belongs to TRTC.
Let the twisting and detracting begin! How many will shift back to being a supporter today?
She's running, for sure. The question is, will they let her run or will they knock the wind out of her again?
Well, Monday is a new year and with significant PRs, dispensaries opening in February, March, April, and May, grow facilities coming online, recreational MJ in CA and NV, NJ grow facility, possible MD dispensary etc, there is so much that is going to be happening in 2016 that how could one not be excited about the potential for TRTC to blow the MJ market away?
polishing the pole and it's about ready to pop!
She's gonna blow! Everybody stand back!
A 100 share trade at .0925. All of $9.25 worth of shares. Add in the trade fee and they probably paid .1850 per share. Nothing more than a blatant attempt to take take down the share price. Manipulation at it finest.
It's not a loss until you sell. If you are in for the long haul then the ups and downs are nothing to be worried about. If the ups and downs scare you then you shouldn't be invested in this sector to begin with as it is very volatile. The only ones concerned with the daily ups and downs are the flippers, as they use the price differentials so that they can profit from people's fears. Not saying there is anything wrong with flipping. It's just another way of making money in the stock market.
Is it a cultivation facility TRTC needs in CA or another production facility? If we are having problems meeting demand for IVXX the first area to look at would be production. If we are running at 100% of capacity there then obviously we need another production facility.
I suppose we will see a small reduction in the whine factor with the pictures of the actual work on the NV dispensary proving TRTC is not a pump and dump scam but a legitimate business with a legitimate business plan that has, and is, building explosive growth for the company in the very near future. I'm sure that there will still be some around who think they have a superior knowledge of business in the MJ industry and know how things just have to be done, or continue to crucify the company or DP for sins several years old. You can't please everybody and really, how much impact do they really have on things by their constant barrage of negativity? The company is proving itself every day. Nuff said.
Gotta keep the faith. Otherwise you have no faith. Someone put a leash on that sheep, lol
I read all your posts willy. It's just that some's attitudes here remind me of when Ross Perot ran for president, "I'm in. no, I'm out. no, I'm back in again. lol
And when the pps goes up again, as it certainly will do, you'll be singing its praises again. At least, until the next dip anyway. There is a predictability to this pattern we have observed, many times now.
Why would they want to spin anything off? TRTC is a holding company and the ideal situation would for all these pieces to become wholly owned subsidiaries contributing to a massive income for TRTC that can be used for acquisitions, dividends, etc, not be spun off. The sum is greater than its parts.
The thing about TRTC is that it WILL come into its own one day. The progress it has made over the last year is undeniable and it is well on its way to becoming a very successful company. However, its time is not just yet. It is going to just kind of bounce along until something of demonstrable significance occurs that reassures big time investors. That probably won't happen until after the first of the year when a dispensary actually opens for business or an acquisition that significantly enhances revenues occurs. That timeframe is just a guess on my part. A significant event could actually occur at anytime and when it does it will hit the pps so hard and fast that it will leave those sitting on the sidelines waiting for "the right time" sitting in the dust bemoaning the fact that they should have bought it when it was around 10 to 11 cents a share. Meanwhile those of us who put our money on the table and went long will be overcome with joy at our windfall. Of course, those constantly moaning and groaning about how bad an investment TRTC is will simply slink away.
Apparently they aren't getting their monies worth.
I don't see squat, just a blank page
It's farmland doc, what do you expect, Manhattan?
Yeah, I think he is. Yep, google says:
Born: June 27, 1930 (age 85), Texarkana, TX
Remember Ross Perot and his run for the President's office? I'm in...no, I'm out...Wait, I'm still in, lol
A lot of new faces on here. Seems we've gotten a huge boost in readership in the last several trading days. Please feel free to introduce yourself folks, tells us a little bit about yourself, what kind of trader you are, what kind of experience and success have you had with other stocks. This will help us know how we can better help you while you are here and what you are looking for from TRTC.
Good points but I am curious as to how they learned about the flaw in the dividend system to begin with. It's not like the DTCC makes public any info on how they process these things and even we were surprised to learn about the 25% rule at first. If they planned this all so precisely it doesn't match up with how imprecise they were when it came to their financial filings and how they didn't even add up. If it was all planned so precisely they spent many years preparing the scam. This is why I think they are more dirty hands to be uncovered here, possibly even a current or former insider in the DTCC.
Agreed. It will be interesting to follow this case to its end and see where the chips fall.