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Who here has yet to visit BLUM and posted at least 1 photo? Phone calls don't mean ish. If I wasn't short I would have loved to take a day off work for 420 and hang out at BLUM for a while...
New to TRTC maybe, but new to investing... not so much. In just a month on this board I have provided more valuable DD than anyone else here, the good and then the bad... mainly bad now. Suggest you read my updated DD post about what I found in the recent filings...
I originally planned on going long here. The company's actions is what made me decide to sell and go short. I believed this stock had the chance to break and hold a dollar. After they released the 10k, s3 and pre 14a filings all of that changed. On top of the hideous filings, Insiders paid for several promotions and sold off a majority of their common shares. They will not convert their preferred b shares because they need to control the vote to approve their AS increase and RS...
The company really showed their true colors and have proven to NOT have shareholders best interest.
I'll cover after the RS. This company is currently being built at the shareholder's expense and insiders are lining their own pockets.
The management here would have done 100x better if they would have obtained their own license and built their own dispensary. Instead they took the easy route and are buying other companies with money they don't have... Trading millions of shares to be diluted is all bad. The next round of dilution may not even have restricted mature dates per the s-3....
"RS to uplist" oldest trick in the book... your right though, RS won't be for a while. First, the company wants to raise the AS to 950mil, max that out, and then RS.
99% for sure AS increase next month, and then massive dilution begins. V bros on the ask all day... VFIN VNDM
Next PR is going to be Proxy "vote" for AS increase and RS.
Would think investors would be more excited. Haven't seen any shareholder pictures of BLUM oakland or vegas. I get they are real, but before I sold and decided to go short, I had planned on going to oakland.
I like the idea of investing in a company that owns dispensaries. I just don't like $TRTC management. They are a bunch of crooks IMO... What changed my mind? Reading the s-3, 10k and pre 14a filings.
Investors say I'm going to be sued for posting my opinions here and on twitter... but guess who said the same thing? David Foley in NTEK and what's his name in FITX. Look where they are now.... When management in an OTC company say they are suing you for posting your opinions or performing a RS to Uplist... Guess what they are full of .....
Atleast my short position here is doing good today. Over half of my other stocks are red...
ARCA at .4950 VNDM at .57 for now
ARCA and VNDM on L2. More insider sells and dilution...
.1350-.3700. Made $$$ on the way up. Going to make $$$$$$ on the way back down. Pretty happy with my short position at .5900 :)
The only reason why shorts are here is because DP set up $TRTC to tank. Massive dilution and reverse split(s) are on the way. Insiders are selling off their common shares. They wont sell their preferred shares because they need voting power to approve the AS increase and RS.
The only reason why the PPS is holding is because DP is paying for 3+ paid promos. That along with the 420 hype is enough to keep the PPS from crashing...for now. Investors that read the recent 10k, pre-14a and s-13 filings know what is coming. Expect to see the proxy "vote" be sent out by next week.
It is game over once the proxy for the "vote" is sent out. All the acquisitions in the world wont save $TRTC because they are issuing too much convertible debt notes, setting up $TRTC for a death spiral.
$TRTC is going to wipe out all current shareholders once the AS increase and RS are approved. The proxy for the "vote" will be sent out very soon, because the OS is maxed and needs to make room for warrant holders. That is the reason why insiders are dumping now. The pre proxy was filed over a week ago. Once the Proxy is sent out for the "vote", massive dumping will begin.
Notice how I use quotes for "vote"? That is because common shareholders do not get a say in the "vote"... 1 insider preferred b share = 100 common share voting power... Insiders control well over 51% of the "vote".
Oldest trick in OTC land. "RS to uplist". Amateur investors here don't even know what a T-Trade is, DP is stealing candy from a baby.
$TRTC Updated DD: S-13, Pre14-A, RS, Paid Promos, Insider Sells, Backdoor Acquisitions
S-13:
Dilution
$75,000,000 new notes w/ possible limited or no maturity
".....in one or more offerings up to a total aggregate offering price of $75,000,000 on terms to be determined at the time of sale.....maturity, if applicable; "
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11311147
Pre 14-A:
Reverse Split + AS Increase
"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 July [__], 2017;"
"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 950,000,000 and 50,000,000, respectively"
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11311033
Vote for the AS increase and RS will be very soon
AS is maxed. Issued warrants and CD notes that mature soon need to be able to convert.
"As of March 24, 2016, the number of shares of the Registrant's Common Stock outstanding was 463,036,181, which assumes the conversion of 100 shares of Series A Preferred Stock, convertible at any time into 100 shares of Common Stock, 16,150,000 shares of Series B Preferred Stock, convertible into 86,956,857 shares of Common Stock, and 32,276,008 shares of Common Stock issuable upon the exercise of all of our outstanding warrants."
http://www.otcmarkets.com/stock/TRTC/profile
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11286074
Backdoor Acquisition
Therapeutics Medical LLC
On March 10, 2016, the Company entered into an Asset Purchase Agreement (the "Purchase Agreement") with Therapeutics Medical, LLC (the "Seller"), pursuant to which the Company acquired from the Seller certain assets (the "Assets") related to a business engaged in the research, development, and marketing of nutraceutical supplements. The Purchase Agreement provides that the Company will issue a Convertible Promissory Note (the "Convertible Promissory Note") due September 10, 2017, to the Seller in the principal amount of $1.25 million for the purchase of the Assets. The Convertible Promissory Note accrues interest at the rate of one percent per annum, and is convertible into shares of the Company's common stock at a conversion price equal to 90% of the average of the lowest three (3) volume-weighted average prices of one share of common stock for the five (5) consecutive trading days prior to the conversion date.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11286074
"Michael James, CEO of NRTI & CFO for TRTC, quietly and secretively created this new entity, Therapeutics Medical, LLC, that TRTC is now acquiring through this backdoor deal to get ahold of NRTI's entire CBD program, without involving or fairly compensating NRTI or its shareholders. This scheme was well planned out and they have tried to keep it hidden until it was finalized. "
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121791990
Insider sells
13 Insider sells this month so far...
NAHASS MICHAEL Officer 04/18/2016 Sell direct 300,000 0.4825 3100796
NAHASS MICHAEL Officer 04/15/2016 Sell direct 100,000 0.4825 3400796
VANDEVREDE MIKE Director 04/12/2016 Sell direct 100,000 0.3726 1,056,944
VANDEVREDE STEVE Director 04/11/2016 Sell direct 150,000 0.3475 669,444
VANDEVREDE STEVE Director 04/08/2016 Sell direct 92,500 0.3782 819,444
NAHASS MICHAEL Officer 04/07/2016 Sell direct 100,000 0.4040 3,500,796
VANDEVREDE KEN Officer 04/06/2016 Sell direct 25,000 0.3500 522,071
NAHASS MICHAEL Officer 04/06/2016 Sell direct 200,000 0.3690 3,600,796
VANDEVREDE KEN Officer 04/05/2016 Sell direct 25,000 0.3105 547,071
ALMSTEIER AMY Officer 04/04/2016 Sell direct 303,427 0.2953 996,078
NAHASS MICHAEL Director 04/04/2016 Sell direct 400,000 0.3060 3,800,796
VANDEVREDE KEN Officer 04/04/2016 Sell direct 125,000 0.2708 572,071
ALMSTEIER AMY Officer 04/01/2016 Sell direct 274,800 0.2701 1,299,505
Read more: http://www.nasdaq.com/symbol/trtc/insider-trades#ixzz45rauELu1
New Paid Promotions
Disclaimer: "....All companies profiled on this website pay cash, unrestricted stock or restricted stock..."
4/18/2016 TRTC Small Cap Voice
4/12/2016 TRTC Small Cap Voice
4/10/2016 TRTC Promotion Stock Secrets
http://stockpromoters.com/news-letters.aspx?symbol=TRTC
http://smallcapvoice.com/blog/disclaimer/
$TRTC ARCA and VNDM both on the ask today. ARCA heavy insider selling in the morning and VNDM dilution in the afternoon. The company has up to 4 days to file a form 4 after insider sells. We will see how many shares insiders sold today by Monday.
Insiders are selling off their common shares and holding their preferred shares to control the AS increase and RS "vote". The proxy for the "vote" will probably be sent out by next week. The pre 14a was filed over a week ago.
They need to raise the AS very soon because the OS is maxed. Warrant holders need to be able to exercise their right to convert. There are over 32 million warrant shares out right now, CD notes waiting maturing soon and up to $75mil worth of new shares with limited to no restriction to be issued.
$TRTC welcome VNDM to the party. Will see the V bros for a while very soon. VFIN VNDM. Massive dilution coming soon pic.twitter.com/AoGTzeaE5D
— NOTE (@Solana_NOTE) April 19, 2016
1000's use suretrader in the US, just not "supposed" to.... you just need an off shore bank account easy to set up.
Suretrader
How did I miss the run? I started buying at .1350, sold at .3700 and shorted at .59. So far over 200% profit :)
How many shares DP give for paid promotions... 1 million? 2 million? 10 million? The disclaimer says all promos are paid in cash or with shares on the promoters website...
If this breaks .60 I will double down my short position. Massive PPS dump on the way once the proxy is sent out for the AS increase + RS "vote"
The Outstanding Shares will almost a BILLION shares by then... massive near future dilution is on the way... spelt out very clear in the recent 10k, pre 14a and s3 filingd
Making $$$$$ on the way up, and on the way down. Love this stock... too bad management recently planned for AS increase, RS and massive dilution... I would have rather went long....
S-13, Pre14-A, RS, Paid Promos, Insider Sells, Backdoor Acquisitions
S-13:
$75,000,000 new notes w/ possible limited or no maturity
".....in one or more offerings up to a total aggregate offering price of $75,000,000 on terms to be determined at the time of sale.....maturity, if applicable; "
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11311147 ;
Pre 14-A:
Reverse Split + AS Increase
"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 July [__], 2017;"
"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 950,000,000 and 50,000,000, respectively"
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11311033 ;
Vote for the AS increase and RS will be very soon
AS is maxed. Issued warrants and CD notes that mature soon need to be able to convert.
"As of March 24, 2016, the number of shares of the Registrant's Common Stock outstanding was 463,036,181, which assumes the conversion of 100 shares of Series A Preferred Stock, convertible at any time into 100 shares of Common Stock, 16,150,000 shares of Series B Preferred Stock, convertible into 86,956,857 shares of Common Stock, and 32,276,008 shares of Common Stock issuable upon the exercise of all of our outstanding warrants."
http://www.otcmarkets.com/stock/TRTC/profile ;
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11286074 ;
Backdoor Acquisition
Therapeutics Medical LLC
On March 10, 2016, the Company entered into an Asset Purchase Agreement (the "Purchase Agreement") with Therapeutics Medical, LLC (the "Seller"), pursuant to which the Company acquired from the Seller certain assets (the "Assets") related to a business engaged in the research, development, and marketing of nutraceutical supplements. The Purchase Agreement provides that the Company will issue a Convertible Promissory Note (the "Convertible Promissory Note") due September 10, 2017, to the Seller in the principal amount of $1.25 million for the purchase of the Assets. The Convertible Promissory Note accrues interest at the rate of one percent per annum, and is convertible into shares of the Company's common stock at a conversion price equal to 90% of the average of the lowest three (3) volume-weighted average prices of one share of common stock for the five (5) consecutive trading days prior to the conversion date.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11286074 ;
"Michael James, CEO of NRTI & CFO for TRTC, quietly and secretively created this new entity, Therapeutics Medical, LLC, that TRTC is now acquiring through this backdoor deal to get ahold of NRTI's entire CBD program, without involving or fairly compensating NRTI or its shareholders. This scheme was well planned out and they have tried to keep it hidden until it was finalized. "
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121791990 ;
Insider sells
VANDEVREDE MIKE Director 04/12/2016 Sell direct 100,000 0.3726 1,056,944
VANDEVREDE STEVE Director 04/11/2016 Sell direct 150,000 0.3475 669,444
VANDEVREDE STEVE Director 04/08/2016 Sell direct 92,500 0.3782 819,444
NAHASS MICHAEL Officer 04/07/2016 Sell direct 100,000 0.4040 3,500,796
VANDEVREDE KEN Officer 04/06/2016 Sell direct 25,000 0.3500 522,071
NAHASS MICHAEL Officer 04/06/2016 Sell direct 200,000 0.3690 3,600,796
VANDEVREDE KEN Officer 04/05/2016 Sell direct 25,000 0.3105 547,071
ALMSTEIER AMY Officer 04/04/2016 Sell direct 303,427 0.2953 996,078
NAHASS MICHAEL Director 04/04/2016 Sell direct 400,000 0.3060 3,800,796
VANDEVREDE KEN Officer 04/04/2016 Sell direct 125,000 0.2708 572,071
ALMSTEIER AMY Officer 04/01/2016 Sell direct 274,800 0.2701 1,299,505
Read more:http://www.nasdaq.com/symbol/trtc/insider-trades#ixzz45rauELu1 ;
New Paid Promotions
Disclaimer: "....All companies profiled on this website pay cash, unrestricted stock or restricted stock..."
4/12/2016 TRTC Small Cap Voice
4/10/2016 TRTC Promotion Stock Secrets
http://stockpromoters.com/news-letters.aspx?symbol=TRTC ;
http://smallcapvoice.com/blog/disclaimer/
You must of missed my post yesterday that I was going short...
ARCA still on the ask... Wonder who that is?
Almost triple, AS is going from 350mil to 950mil once the proxy for the "vote" is sent out. Will be sent out any day now, the pre 14a was filed over a week ago...
Will be massive dumping once the proxy is sent out for the "shareholder vote" to raise the AS and approve multiple reverse splits... I use quotes for shareholder vote" because the common shares don't have any say. Insider preferred shares have over 51% voting power. 1 preferred b share has 100 common share vote power.
The OS is over 450mil, currently over the AS 350mil. Warrant holders want need to be able to convert and AS needs to make room for $75mil worth of new notes with limited to no maturity dates.
You must not have L2, looks like some others took my advice and decided to jump on the short band wagon
If we pass .60 I will add to my short position. I plan on shorting more this afternoon or tomorrow morning
Took a short position this morning at .59
$CBDS
$MCIG
Don't worry I made over 200% on the way up and plan to open a short position Tuesday or Wednesday afternoon.
My DD shows massive dilution is on the way. The AS is going up to 950 after the "vote". And then the company plans a "RS to uplist"
Best time to short is near the end of a pump... getting ready for the dump... the icing on the cake is that there are 2 different paid promotions currently going on. Classic pump and dump set up.
S-13, Pre14-A, RS, Paid Promos, Insider Sells, Backdoor Acquisitions
S-13:
$75,000,000 new notes w/ possible limited or no maturity
".....in one or more offerings up to a total aggregate offering price of $75,000,000 on terms to be determined at the time of sale.....maturity, if applicable; "
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11311147
Pre 14-A:
Reverse Split + AS Increase
"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 July [__], 2017;"
"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 950,000,000 and 50,000,000, respectively"
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11311033
Vote for the AS increase and RS will be very soon
AS is maxed. Issued warrants and CD notes that mature soon need to be able to convert.
"As of March 24, 2016, the number of shares of the Registrant's Common Stock outstanding was 463,036,181, which assumes the conversion of 100 shares of Series A Preferred Stock, convertible at any time into 100 shares of Common Stock, 16,150,000 shares of Series B Preferred Stock, convertible into 86,956,857 shares of Common Stock, and 32,276,008 shares of Common Stock issuable upon the exercise of all of our outstanding warrants."
http://www.otcmarkets.com/stock/TRTC/profile
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11286074
Backdoor Acquisition
Therapeutics Medical LLC
On March 10, 2016, the Company entered into an Asset Purchase Agreement (the "Purchase Agreement") with Therapeutics Medical, LLC (the "Seller"), pursuant to which the Company acquired from the Seller certain assets (the "Assets") related to a business engaged in the research, development, and marketing of nutraceutical supplements. The Purchase Agreement provides that the Company will issue a Convertible Promissory Note (the "Convertible Promissory Note") due September 10, 2017, to the Seller in the principal amount of $1.25 million for the purchase of the Assets. The Convertible Promissory Note accrues interest at the rate of one percent per annum, and is convertible into shares of the Company's common stock at a conversion price equal to 90% of the average of the lowest three (3) volume-weighted average prices of one share of common stock for the five (5) consecutive trading days prior to the conversion date.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11286074
"Michael James, CEO of NRTI & CFO for TRTC, quietly and secretively created this new entity, Therapeutics Medical, LLC, that TRTC is now acquiring through this backdoor deal to get ahold of NRTI's entire CBD program, without involving or fairly compensating NRTI or its shareholders. This scheme was well planned out and they have tried to keep it hidden until it was finalized. "
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121791990
Insider sells
VANDEVREDE MIKE Director 04/12/2016 Sell direct 100,000 0.3726 1,056,944
VANDEVREDE STEVE Director 04/11/2016 Sell direct 150,000 0.3475 669,444
VANDEVREDE STEVE Director 04/08/2016 Sell direct 92,500 0.3782 819,444
NAHASS MICHAEL Officer 04/07/2016 Sell direct 100,000 0.4040 3,500,796
VANDEVREDE KEN Officer 04/06/2016 Sell direct 25,000 0.3500 522,071
NAHASS MICHAEL Officer 04/06/2016 Sell direct 200,000 0.3690 3,600,796
VANDEVREDE KEN Officer 04/05/2016 Sell direct 25,000 0.3105 547,071
ALMSTEIER AMY Officer 04/04/2016 Sell direct 303,427 0.2953 996,078
NAHASS MICHAEL Director 04/04/2016 Sell direct 400,000 0.3060 3,800,796
VANDEVREDE KEN Officer 04/04/2016 Sell direct 125,000 0.2708 572,071
ALMSTEIER AMY Officer 04/01/2016 Sell direct 274,800 0.2701 1,299,505
Read more: http://www.nasdaq.com/symbol/trtc/insider-trades#ixzz45rauELu1
New Paid Promotions
Disclaimer: "....All companies profiled on this website pay cash, unrestricted stock or restricted stock..."
4/12/2016 TRTC Small Cap Voice
4/10/2016 TRTC Promotion Stock Secrets
http://stockpromoters.com/news-letters.aspx?symbol=TRTC
http://smallcapvoice.com/blog/disclaimer/
Yep paid promotions usually bring in decent volume. Wonder how many shares DP paid them this time?
Good day to load up $SDOC! Buy the fear!
Vote to raise the AS and to RS will be very soon because the AS is maxed. 350 AS with over 450mil OS. Over 32mil shares of warrants need to be able to exercise and cd notes mature soon. Plus $TRTC wants to issue up to $75mil worth of new notes with potentially no to limited maturity dates. The company pre 14a proxy was filed a week ago. Only thing holding PPS up is the new paid promos and 420 hype.