https://twitter.com/Colwellinvestor
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$tr*c is about to increase the AS and approve a "RS to uplist".... massive dilution there. No comparison IMO
DP buys Blum from himself, DP buys Therapeutics Medical from his CFO. What a joke this company has become... paying themselves millions worth in shares to dilute.
Insiders dumping most of their common shares before the proxy "vote" to almost triple the AS and approve multiple RS...
Currently there are 3+ paid promotions...
One last pump before the proxy "vote"?
The pre 14a was filed 2 week ago... shareholders don't get a say in the "vote" because insider preferred shares have well over 51% of the voting power..
Because I'm short $TRTC @.59... Way over valued bloated marketcap. Paid promos only thing holding this up... massive dilution, shares going to flood the market once AS increase is approved
If I wanted to buy back in, I had several opportunities to do so... this stock is being managed by criminals. You even bother to Google the CEO derek petterson? Looks like he has quite a history...
Wake me up when/if this hits .7250. Then I might consider covering my short position... I feel very confident this is going to go back down to sub .10 once proxy hits and massive dilution begins
$VAPE obviously not worried about it. Sounds like a former employee is upset and threatening to sue because they got canned. Didn't read the contract they signed when working for this company that the ideas and developments are owned by vape. You can't quit or get fired and just take patients with you.
Continued insiders selling, paid promos and upcoming proxy "vote"
Proxy "vote" to raise the AS, RS and increase salaries is likely to be this week... get out or go short before it is released...
Plus brokers only has a limited amount of shares available to sell short. But any price decline is always blamed on the shorts...
Wonder how many shares DP paid them for that?
Insiders won't sell their preferred shares until after they approve to raise the AS, raise their salaries and RS. Amy dumped over 70% of her common shares so far. She had 2.3 mil, now has 750k
Probably buying dispensaries because he cannot figure out how to open one himself. Massive dilution going to create a death spiral. Only thing holding the PPS up is the multiple paid promos...
DP is not buying dispensaries and building new ones, the shareholder’s are. Over $100,000,000 of dilution is coming in the near future. That is the main reason why the AS needs to be raised to 950,000,000 shares. After that is maxed out... DP going to slap you in the face with a RS... What a POS DP turned this company into... it's a shame the only company that publicly owns a dispensary is just another OTC scam...
Could be next week. The pre 14a was filed over a week ago...
Plus warrant holders, over 30 million shares.
Are you talking about requirements to uplist to NASDAQ? The company can say that their plan is to "RS to uplist" but no one holds them accountable if they dont uplist after performing a RS. All PRs have the forward looking statements disclaimer.
If your asking about requirements to perform an RS, I don't believe there are any. Maybe majority shareholder vote, but insiders control all the voting power with their preferred shares...
Otcshortreport.com is a scam site. Everyone knows those daily numbers are not accurate. Bother to read their disclaimer?
OTC Markets reports the bi-weekly short interest. Correct Short Numbers via FINRA data on OTCMarkets.com
http://www.otcmarkets.com/stock/MDIN/short-sales ;
Don't believe me? Call FINRA.
http://www.finra.org/AboutFINRA/ContactFINRA/ ;
FINRA Call Center: (301) 590-6500
Plus brokers only have a very limited amount of available shares to short
Correct, "For short positions in stock where the last sale price/share is less than $5, then the maintenance margin requirement is $2.50 per share or 100% of the stock value, whichever is greater."
You need $10,000 in your margin account and have to use a broker like Suretrader or Interactive Brokers. These brokers only have a small fraction of the percentage of shares you can short.
Shorts like myself cannot effect the PPS that much because brokers only have limited amount of shares to short. We cannot short that many shares at all. The real reason for the PPS reversal/downtrend is insiders selling, dilution, and the pending proxy to approve the AS increase and RS
Filing shows she has 750k common shares left... won't convert her preferred b because insiders need to approve their "vote" to increase the AS and RS
Guess not, just his wife Amy.
Correct. Looks like DP and Amy keep their shares separate. She dumped over 70% of her shares so far this year. Went from 2,300,000 to 700,000.
PPS gave up over 75% of the gains from the last leg up. Reversal/Downtrend is beginning and will be confirmed once this closes under .40.
Insiders continue to dump shares before they send out the proxy to "vote" for AS increase and RS...
DP(Amy) had 2.29m common shares last September. Now they have 700k...
I know they still have a bunch of preferred b, but they won't sell those. They need to control over 51% of the vote to approve their AS increase and RS
DP(Amy) sold over 70% of his common shares held this year. They won't convert their preferred b shares because they carry 100 voting power per 1 share. They need to approve the AS increase and RS next month... Look for the proxy to be sent out, probably next week.
You mean the interview DP paid for? Where he tried to sugarcoat the s3 and pre 14a filing filings? SmallCapVoice is one of $TRTC paid promotions... they provide coached "interviews" and send out newsletters for their promos... Wonder how many shares he gave them this time?
Like Therapeutics Medical?
They are keeping their preferred b shares so they have voting power to approve the AS and RS
"RS to uplist" scam... if not till next year, why put it on the proxy vote now? Pre 14a filed over a week ago to raise AS and RS approval...
Yep that is why the pre 14a was filed soon after. $TRTC needs to raise the AS as it is already maxed out. Proxy will be sent out for the vote probably next week. No wonder why insiders are selling their common shares...
No 8k ever released, no details ever provided... Therapeutics Medical created in Delaware just over a month ago... swept under the rug by DP... insiders lining their own pockets at shareholders expense.
$TRTC Updated DD: S-13, Pre14-A, RS, Paid Promos, Insider Sells, Backdoor Acquisitions
S-13:
Near future 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/
First the proxy will be sent out to "vote" for the AS increase and RS. Use "" for "vote" because insiders control the "vote" with their preferred shares.
The proxy will probably be sent out next week. After the it is approved, the AS will be increased to 950mil and heavy dilution will begin. DP plans on selling up to $75mil worth of cd notes with potentially no restricted maturity dates. Over 32,000,000 shares held by warrants will also be available to convert.
Once the OS is near the AS at 950mil. Then you will see a 1:5 or 1:20 RS. Probably in 3-4 months...
A close below .40 today would be devastating for the chart. Would confirm a downtrend has begun.
ARCA on the ask again. More insiders selling. Probably trying to sell most of their common shares before they send out the proxy for the "vote"