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Are those cultivation and production provisional still valid as the deadline to show significant progress passed and as far as I am aware, the proposed sites for those operations are still empty vacant lots.
If people really wanted your shares, they would just hit buy....plenty of shares available, your 300k aren't special.
No, no one wants your shares, you may keep them. There are hundreds of millions of shares becoming available after Sept 26th when 2 classes of preferred shares automatically convert to common shares the second they approve the proxy at the dog and pony show they call a shareholder meeting.
Correct me if I am wrong, but hasn't the deadline to sell the licenses past?
Lol dude.
Terra Tech is a Nevada Corp.....
Sounds Iike a really happy ending for the insiders.
S3 went effective. Up to $75 million dollars worth of shares can be dolled out at any time.
They always seem to unload before unpleasant news. 1 for 20 R/S coming soon.
I think you mean gifted more shares.
He is one of the independent directors. That is his only compensation so I guess not too unreasonable.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
August 18, 2016
ORDER GRANTING CONFIDENTIAL TREATMENT
UNDER THE SECURITIES EXCHANGE ACT OF 1934
CV Sciences, Inc.
File No. 5-87082 -CF#33491
_____________________
Michael Joseph Mona, Jr. submitted an application under Rule 24b-2 requesting
confidential treatment for information he excluded from the Exhibit to a Schedule 13D/A
filed on February 12, 2016 relating to his beneficial ownership of common shares of CV
Sciences, Inc.
Based on representations by Michael Joseph Mona, Jr. that this information
qualifies as confidential commercial or financial information and information contained
in personnel, medical or similar files that if disclosed would constitute an unwarranted
invasion of privacy under the Freedom of Information Act, 5 U.S.C. 552(b)(4) and (6),
the Division of Corporation Finance has determined not to publicly disclose it.
Accordingly, excluded information from the following exhibit will not be released to the
public for the time period specified:
Exhibit 4 through July 23, 2025
For the Commission, by the Division of Corporation Finance, pursuant to
delegated authority:
Brent J. Fields
Secretary
Nothing, as it is millions in net losses and it is affecting shareholders by forcing TRTC to continue to dilute the crap out of them with toxic financing, raise the A/S to close to a BILLION shares and the realistic possible of 1 or more R/S. $55 million deficit. Enough said.
For more information see the most recent 10q, S3 and proxy statements all which can be found on sec.gov.
What's a million shares amongst friends?
2 million of the 24 million issued and outstanding were in the Blum deal...
Class B shares were issued long before the Blum deal. Go back and read old financials and you will see they been for years. The Class G, N, Q and Z classes are new.
Here is something new for you, this is playing out EXACTLY like another former 420i favorite right before it got smacked down to the grey sheets. This is proving more and more everyday that this is nothing more than your typical penny stock.
CEO also said the prior S1's and Magna credit line were only going to be used for build out and they wouldn't need to raise the A/S and they were supposed to be cash flow positive by now. So why should we believe him now?
ROFLMAO....Like it matters, the powers that be already approved it.
R/S before end of year.
"Former" MJNA CEO Mike Llamas
Two more plead guilty in Roseville-based mortgage fraud case
Aug 10, 2016, 2:39pm PDT Updated Aug 10, 2016, 4:18pm PDT
Mark Anderson
Staff Writer
Sacramento Business Journal
Another guilty plea in Loomis Wealth Solutions fraud case
Man sentenced to prison for role in mortgage fraud scheme
Two men pleaded guilty Tuesday to charges related to a Roseville-based real estate Ponzi scheme that spanned several states.
The men were connected to Lee Loomis, and his Loomis Wealth Solutions. Others connected with Loomis Wealth Solutions have already pleaded guilty and been sentenced to lengthy prison terms.
Michael Llamas, 31, of Tracy, and Peter Woodard, 48, of Ventura, pleaded guilty to conspiracy to commit wire fraud.
Enlarge
Michael Llamas, 31, of Tracy, and Peter Woodard, 48, of Ventura, pleaded guilty to… more
In federal court in Sacramento Tuesday, Michael Llamas, 31, of Tracy, and Peter Woodard, 48, of Ventura, pleaded guilty to conspiracy to commit wire fraud. Llamas also pleaded guilty to a count of concealment of a felony.
Get business headlines every day by signing up for SBJ's free email newsletter.
Llamas owned LW Premier Holdings LLC and Woodard owned Cobalt One LLC. They had rights to buy homes at discounts from builders in several states.
According to a news release from prosecutors, Llamas and Woodard in 2007 and 2008 took out mortgages on homes at full list price without disclosing to mortgage lenders that the builders had accepted discounted prices. Loomis Wealth Solutions convinced investors to buy homes using their credit, which would then be rented out and managed, with the investors getting regular payments.
Prosecutors said Llamas and Woodard knew required loan down payments were paid by the mortgage loans themselves, which was a deception to the lenders. Loomis and the two businessmen split the difference between the list price and the discounted price. Doing this, they made more than $3.5 million on 220 properties.
Loomis was arrested in September 2012 when a 50-count indictment was unsealed charging him and several others with counts including mail fraud and wire fraud.
Loomis had promised investors 12 percent annual returns. He pleaded guilty in January, but recently asked the court to withdraw his plea. A hearing is scheduled for Oct. 4 before U.S. District Court Judge John Mendez.
Llamas and Woodard are scheduled to be sentenced Feb. 28.
They were not charged in the investment fraud portion of the Ponzi case against Loomis.
I just found out about this today. I haven't been paying attention here in a while.
Two more plead guilty in Roseville-based mortgage fraud case
Aug 10, 2016, 2:39pm PDT Updated Aug 10, 2016, 4:18pm PDT
INDUSTRIES & TAGS Banking & Financial Services, Residential Real Estate, Business Crime
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Mark Anderson
Staff Writer
Sacramento Business Journal
RELATED CONTENT
Another guilty plea in Loomis Wealth Solutions fraud case
Man sentenced to prison for role in mortgage fraud scheme
Two men pleaded guilty Tuesday to charges related to a Roseville-based real estate Ponzi scheme that spanned several states.
The men were connected to Lee Loomis, and his Loomis Wealth Solutions. Others connected with Loomis Wealth Solutions have already pleaded guilty and been sentenced to lengthy prison terms.
Michael Llamas, 31, of Tracy, and Peter Woodard, 48, of Ventura, pleaded guilty to conspiracy to commit wire fraud.
Enlarge
Michael Llamas, 31, of Tracy, and Peter Woodard, 48, of Ventura, pleaded guilty to… more
ALEX_STR
In federal court in Sacramento Tuesday, Michael Llamas, 31, of Tracy, and Peter Woodard, 48, of Ventura, pleaded guilty to conspiracy to commit wire fraud. Llamas also pleaded guilty to a count of concealment of a felony.
Get business headlines every day by signing up for SBJ's free email newsletter.
Llamas owned LW Premier Holdings LLC and Woodard owned Cobalt One LLC. They had rights to buy homes at discounts from builders in several states.
According to a news release from prosecutors, Llamas and Woodard in 2007 and 2008 took out mortgages on homes at full list price without disclosing to mortgage lenders that the builders had accepted discounted prices. Loomis Wealth Solutions convinced investors to buy homes using their credit, which would then be rented out and managed, with the investors getting regular payments.
Prosecutors said Llamas and Woodard knew required loan down payments were paid by the mortgage loans themselves, which was a deception to the lenders. Loomis and the two businessmen split the difference between the list price and the discounted price. Doing this, they made more than $3.5 million on 220 properties.
Loomis was arrested in September 2012 when a 50-count indictment was unsealed charging him and several others with counts including mail fraud and wire fraud.
Loomis had promised investors 12 percent annual returns. He pleaded guilty in January, but recently asked the court to withdraw his plea. A hearing is scheduled for Oct. 4 before U.S. District Court Judge John Mendez.
Llamas and Woodard are scheduled to be sentenced Feb. 28.
They were not charged in the investment fraud portion of the Ponzi case against Loomis.
Mark A
happened to me with sharebuilder years ago when I first started trading pennies. I bought a a few hundred k shares of a stock at .02, it ran to .5 and they charged me $800 to sell it. Changed brokers immediately.
Etrade. I pay like $7
Etrade
Fidelity
TD
Scotttrade
To name a few...
You need a better brokerage.....
They already decided at their last BOD meeting. The proxy and shareholder meeting is just for entertainment purposes only. The BOD already approved the proxy.
Exactly
What many don't understand is that everything in that proxy is a done deal, the BOD already approved it with a majority of the voting power. The meeting is just a dog and pony show.
Right, and the prior toxic financing deals were only to be used for build out, there wouldn't be a need to raise the A/S yada yada yada.
Came and went.
Yes, saw it when it was first released. I see it went effective.
Or these
20. SUBSEQUENT EVENTS
Issuances of Debt and Warrants:
On July 25, 2016, the Company issued a demand promissory note in favor of Dominion Capital LLC ("Dominion") in the amount of $750,000. The principal and interest under the demand note is due and payable on demand, but in no case later than July 23, 2018. Payment may be made in either cash or shares of the Company's common stock, at Dominion's option. Dominion may also, at its option, convert the demand note into a subsequent securities offering that is undertaken by the Company. Interest accrues at the simple rate of one percent (12%). The Company received the $750,000 on July 25, 2016. Dominion also received warrants to acquire up to 533,714 shares of common stock at $0.35 per share. The warrants have a four year term. Dominion has the right to cashless exercise of the warrants if at the time of exercise there is no effective registration statement for the underlying common stock.
On August 12, 2016, the Company issued a demand promissory note in favor of Dominion Capital LLC ("Dominion") in the amount of $1,000,000. The principal and interest under the demand note is due and payable on demand, but in no case later than August 12, 2018. Payment may be made in either cash or shares of the Company's common stock, at Dominion's option. Dominion may also, at its option, convert the demand note into a subsequent securities offering that is undertaken by the Company. Interest accrues at the simple rate of one percent (12%). The Company received the $1,000,000 on August 12, 2016. Dominion also received warrants to acquire up to 714,286 shares of common stock at $0.44 per share. The warrants have a four-year term. Dominion has the right to cashless exercise of the warrants if at the time of exercise there is no effective registration statement for the underlying common stock.
Nope, they lose money not profit. When expenses exceed revenue it is called a loss not a profit. In order to claim a company profits, there has to be money left over from revenue after ALL expenses are paid, not just sell a product for higher than COGS. Taxes and SG&A expenses must be figured in so no, TRTC does not profit from anything, and never has.
Nope. Not by far. Hint, Go North. Go Nasdaq.
No change in conversion ratio for preferred B shares in a R/S and they don't split along with the common.
Now they set a date and time for the vote, before it was a preliminary proxy.
The Annual Meeting of Stockholders of Terra Tech Corp., a Nevada corporation, will be held on September 26, 2016 at 8:30 a.m., Pacific Daylight Time, at the Pacific Club, La Jolla Room, 4110 MacArthur Boulevard, Newport Beach, California 92660, for the following purposes:
1. To elect eight directors;
2. To ratify the appointment of Tarvaran, Askelson & Company as our independent registered public accounting firm for the fiscal year ending December 31, 2016;
3. To approve the Terra Tech Corp. 2016 Equity Incentive Plan;
4. To approve an amendment to the Company's Amended Articles of Incorporation to increase the authorized number of shares of common stock and preferred stock to 990,000,000 and 50,000,000, respectively;
5. To approve an amendment to the Company's Amended Articles of Incorporation to implement one or more reverse stock splits of the Company's common stock at an aggregate ratio of not less than one-for-five and not more than one-for-twenty, within the discretion of the Board of Directors, at any time or from time-to-time prior to September 26, 2017;
6. To hold a stockholder advisory vote on the compensation of our named executive officers disclosed in this proxy statement under the section titled "Executive Compensation", including the compensation tables and other narrative executive compensation disclosures therein, required by Item 402 of Securities and Exchange Commission Regulation S-K (a "say-on-pay" vote);
7. To hold an advisory vote on the frequency that stockholder advisory votes to approve the compensation of our named executive officers will be taken (a "say-on-frequency" vote); and
8. To transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.