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The future is what? Are you unaware of the proxy statement they filed today?
It is pathetic, isn't it.
Go for it. Prove they aren't voting at the upcoming shareholder meeting to raise the A/S or to allow for 1 or more R/S or voting on a compensation plan and that the BOD doesn't have voting power to do it even if every common shareholder votes no. I will prove they are if you wish.
Lol...facts are hocus pocus. Lol
Are you disputing that they are voting to raise the A/S? Voting to authorize 1 or more R/S? Voting on a compensation plan? Or that the BOD has all the votes it needs and the proxy is just a formality? Please feel free to show what is factually incorrect.
Def 14a is out. Dog and Pony shareholder meeting set for end of September.
Increase A/S
One or more R/S
Outrageous compensation plan.
I don't know why they even bother with the vote as the BOD already approved it and they have the votes already.
I'm lost. Are you trying to dispute the fact they aren't profitable?
Glad you also agree they are not profitable, in spite of what others may try to claim.
I'm glad you agree that neither the company nor any of its subsidiaries are profitable.
No, they don't profit, they lose money every qtr.
Don't recall saying it will be raised tomorrow or Friday
Why even hold a shareholders meeting and vote when the common shareholders no say in the outcome.
Series B Preferred Stock : For vote tabulation purposes at the Annual Meeting, each share of Series B Preferred Stock is entitled to 100 votes for each share of Common Stock into which a share of Series B Preferred Stock is convertible. Accordingly, each share of Series B Preferred Stock is entitled to approximately 538 votes at the Annual Meeting. Collectively, the holders of Series B Preferred Stock are entitled to 13,363,196,021 votes at the Annual Meeting.
Series N Preferred Stock : For vote tabulation purposes at the Annual Meeting, each share of Series N Preferred Stock is entitled to one vote for each share of Common Stock into which a share of Series N Preferred Stock is convertible. Accordingly, each share of Series N Preferred Stock is entitled to 2,500,000 votes at the Annual Meeting. Collectively, the one holder of Series N Preferred Stock is entitled to 2,500,000 votes at the Annual Meeting.
Series Q Preferred Stock : For vote tabulation purposes at the Annual Meeting, each share of Series Q Preferred Stock is entitled to one vote for each share of Common Stock into which a share of Series Q Preferred Stock is convertible. Accordingly, each share of Series Q Preferred Stock is entitled to 5,000 votes at the Annual Meeting. Collectively, the holders of Series Q Preferred Stock are entitled to 106,890,000 votes at the Annual Meeting.
Series Z Preferred Stock : For vote tabulation purposes at the Annual Meeting, each share of Series Z Preferred Stock is entitled to 100 votes for each share of Common Stock into which a share of Series Z Preferred Stock is convertible. Accordingly, each share of Series Z Preferred Stock is entitled to approximately 999,870 votes at the Annual Meeting. Collectively, the holders of Series Z Preferred Stock are entitled to 8,164,932,314 votes at the Annual Meeting.
Common Stock : For vote tabulation purposes at the Annual Meeting, each share of Common Stock is entitled to one vote at the Annual Meeting. Collectively, the holders of Common Stock are entitled to 349,981,822 votes at the Annual Meeting.
over 21 billion votes for preferred shares v 350 million for common
http://ih.advfn.com/p.php?pid=nmona&article=72228000&symbol=TRTC
Terra Tech Corp.
4700 Von Karman, Suite 110
Newport Beach, CA 92660
Telephone: (855) 447-6967
August 16, 2016
Dear Stockholder:
You are cordially invited to attend the 2016 Annual Meeting of Stockholders of Terra Tech Corp. (the "Company"), which 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.
The attached Notice of Annual Meeting and Proxy Statement describe the matters that we expect to be acted upon at the Annual Meeting. Management will be available to answer any questions you may have immediately after the Annual Meeting.
The Company has enclosed a copy of its Annual Report on Form 10-K for the fiscal year ended December 31, 2015 with this Notice of Annual Meeting of Stockholders and Proxy Statement. If you would like another copy of the 2015 Annual Report, please call 1-866-752-8683 or visit the Company's website at www.terratechcorp.com.
Whether or not you choose to attend the Annual Meeting, it is important that your shares be represented. Regardless of the number of shares you own, please vote your shares via telephone, over the Internet, or sign and date the enclosed proxy card and promptly return it to us in the enclosed postage-paid envelope. If you sign and return your proxy card without specifying your votes, your shares will be voted in accordance with the recommendations of the Board of Directors contained in the Proxy Statement.
Sincerely,
/s/ Derek Peterson
Derek Peterson
President and Chief Executive Officer
http://ih.advfn.com/p.php?pid=nmona&article=72228000&symbol=TRTC
Any CPA's or tax experts see anything wrong with this?
Are they saying they are classifying what should be SG&A expenses (which can't be written off for cannabis related companies) and calling it COGS (which can be written off) in order to avoid paying taxes?
Yes, they have Gross profits but TRTC is not profitable by any means. They operate at a net loss every qtr to the tune of a negative 55 million dollar deficit.
Are they saying they are classifying what should be SG&A expenses (which can't be written off for cannabis related companies) and calling it COGS (which can be written off) in order to avoid paying taxes?
MORE AND MORE DILUTION....WHEN WILL IT STOP?
Then why do they report a net loss of $476K for Q2 and a 6 month loss of $761k on pages 29 and 30 in the Q2 10Q for cannabis products? Can you show me on what page of the report they are showing a net profit for dispensary sales?
https://www.sec.gov/Archives/edgar/data/1451512/000147793216011890/trtc_10q.htm
Lol....what you were referring was gross profit but when SG&A expenses outweigh gross, it is a net loss.
TRTC nor any of its subsidiaries have ever had a net profit.
55 million deficit.
I don't believe they were broken out that specific.
Well done.
Didn't need to listen the the spin with spoon fed softball questions, the Q tells all that is needed to be know.
It is listed under cannabis products and they showed a loss on cannabis products. Towards the end of the report they break revenue and expenses down by produce and cannabis.
I think he meant they aren't a profitable company.
The very fact they are a publicly traded company is proof they are a for profit company. Nonprofits can’t be publicly traded.
TRTC is a for profit publicly traded company.
And no, they didn't almost break even, they reported a $5 million dollar net loss.
Also, nothing bars a nonprofit organization from showing a profit, they just can't distribute it to shareholders as a dividend.
Quote
"Can nonprofits make a profit? Yes, the IRS guidelines are very clear in the regulations which state that profits can’t be simply distributed to board members (as corporate profits are to shareholders), but there is nowhere in the regulation that states that nonprofits can’t have profits. In fact, any surpluses i.e. (“profits”) are needed by all nonprofits to even out their cash flows."
http://www.nonprofitexpert.com/money-carry-over
No, TRTC is a for profit publicly traded company. Neither TRTC nor any of its subsidiaries ever reported a net profit. $55 million deficit. Enough said.
They lost money selling MJ. How does one do that?
Too bad that revenue doesn't translate to a profit.
55 million dollar deficit and growing.
When losses outweigh it is called a loss, not a profit. Net loss.
He carefully used HE instead of WE.
Everyone also missed that he only says up-list is the only reason HE would consider R/S, mentions nothing about the rest of the BOD who can outvote him.
Excellent Margins? Really? ROFLMAO
They are running a NEGATIVE 50% net profit margin.
That is the only reason HE would consider it, but since he isn't the majority of votes, it is the other insiders who get the final say. He can very easily be outvoted by the other insiders, including Amy. Notice he only talks about his interest in conducting a reverse split, he never said anything about the BOD and other voting shareholders.
ROFLAMAO
$5.46 million Selling, general and ADMINISTRATIVE expenses. That is on top of the $8 million dollars of Cost of Goods Sold.
Utterly ridiculous. Very poor cash management.