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Do you even know what tortious is? Lol
Actually no, TORTS aren't criminal by very definition.
They don't throw people in jail for posting extremely valuable Due Dillegence.
Sorry if you can't see the analogy and can't see how TRTC is a cash cow for the insiders who put no money of their own into the business, draw millions in salary and transferred money losing business to the public company for shareholders to reap the burden of financing.
Trump is to the casinos as DP and the other insiders are to TRTC.
http://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html?_r=0
No, Peterson to Trump and the Casinos to TRTC....(obviously on a much smaller scale)
Building things and having products and being an insider enrichment scheme are not mutually exclusive. I know a famous businessman who built a casino empire in Atlantic City on the backs of shareholders and finance companies (they went bankrupt 5 times) that turned out to be nothing but an insider enrichment scheme. He even brags about how much money he pulled out of those casinos and the public company and shifted them to private enterprises and even transferred his personal debt to the public company. Reading about how he ran the enterprise really reminded me of TRTC and how things are being done here.
http://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html?_r=0
Originally you said this year not this summer. Did you read the pre14a? They are going to need money and they need tobdo it by selling shares and they will need to free up shares in order to do it. They are currently over 700 million fully diluted and they do not have enough left to raise the capital needed to complete buildout of the Nevada dispensaries and C&P facilities and keep lights on.
Make penny stocks great again!
Guess you haven't read the filings. Next.
And then comes 2017.....
There are so many similarities between penny stock CEO'S and how the Donald ran his casino empire.
http://mobile.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html
Yes, it is losing millions of dollars, just read the financials.
Edible gardens doesn't have a Marijuana relationship, it is a produce company. And that is it.
LOL...she is representing a company that sells produce. I am sure no one gives a crap what a different subsidiary of its parent company sells.
I see a lot of similarities between how TRTC is set up with how Trump set up his Casino businesses and how he over financed them to death all while cashing in millions (billions?) for himself while screwing everyone else, including shareholders.
http://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html?_r=0
Huh? It already is a deficit. What the heck are you talking about?
The whole thing about a not for profit can't show a profit is BS. They just can't distribute that profit as a dividend to shareholders.
TRTC couldn't pay the VV'S enough shares.....
You asked how much profit on 48 million in revenue, not that the profit would be 48 million.
No, but there will be other expenses on top of it that will drive them negative. There will never be a profit as long as the share printing press remains active. No incentive for insiders to profit when they get paid no matter what. Any other CEO and executives would have been fired by now.
Negative 10 as they will expense any profit out as SG&A aka insiders salaries.
All of the above and then some.
We all know they will use every bit of of the $11 million and then ask for more.
I bet you I will be saying the same thing every qtr for the rest ofnthe year and beyond. Revenue growth just leads to higher and higher expenses and losses and the need for continued toxic financing and larger deficit. There is no incentive for insiders to make this company profitable, they still get paid as long as they keep selling shares.
You must be reading some other company's financials as this company never turned a profit on any of their businesses, including hydroponic produce. In fact they lose millions of dollars on produce every quarter.
ROFLMAO...prove it. LOL
Just read the financials.
Too bad they aren't doing that. They can't and haven't been using the revenues to grow the business as the revenues they are generating aren't even covering expenses and they need to use toxic financing just to keep the lights on. They have just taken out more toxic debt just to pay off old toxic debt.
Keeping it real will be considering the pig that is under the lipstick.
What they dont tell you is they project 30 million in expenses....
Now you know how I felt....
Still don't know who the "them" that are getting the 50%. He said it was the former owners that were managing the day to day operations. And who might that be. Could it be himself and Kauffman/Salwa Ibrahim?
The only thing the SEC cares about is that the risks were fully disclosed, and they are.
Right there in the middle of the first paragraph is his out when he talks about for financing.
No, they aren't binding as he never said never and 100% for upliting only and it also doesn't say for uplisting only in the pre14a.
No, there is an infinite number, they can do Series AA, AAA, AAAINFINITY
There isn't a multiplier adjustment.
TRTC'S preferred conversion ratio doesn't adjust in the case of a R/S nor do they split. They convert at about 5 for 1 pre R/S and post R/S. See S3 for info on how the preferred B's are handled in the event of a R/S.
But he didn't lie. He also said if needed for financing and they also spell out other reasons in the pre14a. H alsoe said currently intend not to, but tomorrow is a new day.
I think the next class of preferred will be the F and U series.
Pretty amazing huh