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I haven't seen any new info on the Indiana project on Facebook, twitter or their website.
pumpsanddumps.com is a good start.
Why haven't they amended it to show otherwise?
That's why if they report the same blah blah blah increased revenue but no NET INCOME I'm out of this company. I have a feeling it will go up to past a dollar for a short time once Washington rolls out operations but I need to see this company show some true investor profitability in the long term. The people who are making money on mj stocks bought before January. So be careful don't hold a huge boat of any mj stock until they show us in paper growth.
I agree. I'm just playing devils advocate. It states 2 employees so I'm trying to figure out one is the CEO and who is the other employee. I saw Evan Nison on Bloomberg that he was in charge of the NE cannabis division of TRTC. Is he the second employee? His linkedin profile doesn't state much about TRTC at ALL.
LOL I'm stating facts. DD tells the truth(Don't take my word for it read it yourself). I hope to see their next filing reports show something positive or I'm out of this joint.
Employees
As of the date hereof, we have approximately 2 employees who work full-time.
http://www.sec.gov/Archives/edgar/data/1451512/000147793214000062/trtc_s1a.htm
You have more faith in the company then TRTC does if you read the filing. They make it seem like its a possibility they can vanish at any time.
Too much hype. I have shares 19k, but until company reports a NET INCOME and not a NET LOSS. It is going to stay at this level and go up with volume and come crashing down when there isn't any. From reading the SEC filings. What is alarming is there are two employees running a supposedly going to be multi million dollar corporation. If you invest in this its a big risk big reward but don't think irrationally and dump your entire savings into this one any MJ stocks. So far from researching there are big time holes in all MJ companies.
This Sunday will be key. If the Seattle Seahawks and Denver Broncos win and make it to the super bowl. This will start another firestorm on recreational pot and mj in general. I think it will be a huge build up of momentum for good things to come.
http://www.thenewstribune.com/2014/01/16/2997086/pot-backers-cheer-for-a-seattle.html
he sees $_$.
I sold my GRNH because they aren't transparent at all with their news releases. I can't confirm any of their supposed news its a mini pump and dump scam I think. I researched TRTC as a long term investment they actually have transparency which is huge for me. I'm not a day trader I see this as a company that will help me retire in 20 years!
Exactly.
Ohhhhhhh really? GRNH where is the zoning papers? I don't want to hear some b.s from the liars mouth. This stock was tanking as of Friday got artificially propped up on Monday because of "the announcement of zoning in Arizona" give me a break. Their is no 3rd party accountability. PUMP and DUMP. If anything you pumping this POS should have your ass reported.
This is classic pump and dump. Do not buy or sell it.
Seriously, this is going nowhere but down. The people propping it up are not MM or short sellers. It's the very people who own this stock who bought in at .02 they still got capital to artificially INFLATE this pos. I hope this gets delisted with HEMP. DO NOT BUY. If you research there is no verifiable third party accounts of the news going on with these fake companies.
Who in their right mind would want to hold a ticking time bomb. You are essentially playing hot potato don't get burned.
So about your dividend? You get par value of another shell company of hemp.
I got in at .20(I got out at .415). I think is being manipulated by day traders a lot on here and yahoo who are pumping this to sell at profits. That's why when it hit 1.20 it fell off a cliff because they had orders setup to lock profits. If you look at GRNH and HEMP I believe they are connected in some bad ways with shell companies that have no real background. Save your money for something else, this isn't a investment it is to take profits from newbie investors. It's pretty ruthless. I couldn't figure out why there was NO ACTUAL CONCLUSIVE 3rd party support on the Arizona zoning news. I checked all local media outlets in AZ not even a blip for such a newsworthy thing. It's just convenient when the stock hit all time highs and went back .224 on Friday. Then "news comes outs about arizona" the following Monday it skyrockets. Just because media is reporting doesn't mean its true especially when the source is our very own GRNH CEO for all the news coming out of them. No one knows the true FLOAT on this thing it's a lot of hype in the MJ industry in general. As more media reports on MJ more investors will be willing to gamble without DD just because MJ is MJ people see green. I'm sorry for pumping this up like it was the next great thing.
big money getting involved now. Jan 1st made it official for all operations.
January 1st made everything OFFICIAL. Look at the charts before that day flat line. After that day it hasn't looked back. That goes for all mj stocks.
Dave Rudat. Is CEO he has a pretty interesting background http://davidlrudat.com/ This guy got government connections meaning green GROOOOOOOOO!
Why don't the mods put the dd about vertical hydrogarden. I think there seems to be some confusion with a lot of newbie investors who don't realize Greengrotech.com isn't where they sell all the goods they provide. Go to verticalhydrogarden.com They own this company and have an extensive amount of inventory. So that should lay to rest they only sell 5 items on ebay.
This all starts to make sense. The government isn't trying to take away our liberties but to protect the pot grower and retailer! Those bullets they bought was to be the muscle against the mexican cartels. LOL
That article about CONCORD NH(http://www.thedailychronic.net/2014/27047/new-hampshire-house-delays-marijuana-legalization-vote/) was from last week. So this Wednesday(tomorrow) is the day of reckoning.
Shorting has gone down 2million trades per day since the SA Debacle. They are smarting up and shorting less and less they covering a few pennies to make a profit. I think the games will begin once we get confirmation in NH.
From what I'm seeing with the overall market and how this stock ticks is contingent on MJ news and/or NYSE Stocks tanking or going up. MM is hedging bets they will take profits even if its .05.
AMEN TO THAT!! This is the hand of God at work.
The DD is right in front of you. I don't believe half of the morons who cant click on the articles about GRNH. Verticalhydrogarden.com
if you want more info on the retail side. The Waters Wheel, Bp Garden for the non profit sector. Arizona Deal is a large commercial MMJ grow op.(I believe they got the grow op contract in AZ because of their non profit work. It's pretty amazing what they do for the communities in Louisiana, South Central California, Chicago, on and on!)They are getting that state government money shortly. They are clearly the leader people who did their DD have bought in and aren't selling. You short timers are ruining the ride up.
You maybe smoking some high grade MMJ to make that statement. You had your chance with SA trying to tame this beast.
GRNH owns verticalhydrogarden.com
Thats where they sell. Thats the problem with some of you investors who wish they got in just to make a short term profit. They are legit it's funny DD is always right in front of you but you ignore it. Too bad you missing the boat.
There will be more of these to come. GRNH is doing A TON of community development http://boardvote.com/symbol/GRNH/communique/438502. I believe this type of development of community relations helps with the company in getting the word out on their amazing products. Building these types of projects shows the type of experience the company has and will develop in MMJ and potential for small/large grow ops in the recreational sector.
GreenGro is active in Nor Cal currently (EMERALD TRIANGLE). They bought Vertical hydrogarden back in July 2013.
The interesting part it took Greengro only 3 months to buy up the whole Vertical hydrogarden technology and operations.
Source:
http://finance.yahoo.com/news/greengro-technologies-snaps-sacramento-retailer-125138067.html.
Http://www.verticalhydrogarden.com (you can see bottom of this page is all GRNH advertising)
Vertical Hydrogarden is their main distribution channel right now for physical product. They don't even list this "side business" on the Greengro page which is pretty interesting.
So I think with this said we can lay to rest that they don't sell any grow equipment to the public. I also think they are the a heavy volume hitter in NOR CAL for a lot of these grow ops.
More and more will be revealed about MJ companies because of the media. Do not be fooled by short money. Stay in it for the long term and bankrupt the shorts if needed.
IF YOU ALREADY BOUGHT HOLD YOUR GOLD MINE. DON'T BUY TO RE-SELL more to make short term gains. Give this company the capital they need to really flourish.Just like a real life cannabis plant the seeds are planted let it settle and it will grow. I think the biggest problem is shorts but the LONGS shouldn't play their game. If you use capital invest more of your own money not profits from the same company you just brought down because you sold. This stock is primed because of its low float. If we hold the float we control the boat. The cat is out of the bag on this one. We gonna be some marijuana millionaires and grow this industry to another level!
The information is in the details. If you notice the Arizona Dispensary deal.
Just read this one sentence alone!
"The company expects the deal to be worth $300,000 plus ongoing maintenance services of several hundred thousand dollars per year."
They will be licensing software to monitor plants that is the maintenance services. This will be the biggest thing going for the company is licensing software to monitor growing operations. This is just one place imagine you got a few hundred then a few thousand and it will blow up.
Shorts will cry soon.
From the article:
Past Frenzies
U.S. investors poured money into Chinese stocks in 2009 that went public via reverse mergers amid optimism about the world’s second-biggest economy. The gains were erased over the following two years as the global financial crisis unfolded and some of the stocks were targeted by short sellers.
Zoom Technologies Inc. (ZOOM), a Chinese maker of phone equipment, jumped to $126.27 in 2009 from about $4 in about six months in 2009. The stock has since lost all of those gains. Universal Travel Group. reached $16.83 in 2009 from about $1.50 the previous year. The Chinese travel service traded at 16 cents in 2013 before it was delisted.
“It’s very easy to see why day traders love a penny name,” said Yousef Abbasi, market strategist at JonesTrading Institutional Services LLC, a Westlake, California-based broker, referring to the ticker symbol for Medical Marijuana. “They love the hype surrounding these names and there is constant news flow.”
MM is messing with this now. We need to crush them shorts! Watch it grow hold for growth. You don't get a weed plant in 1 day it takes months. These stocks will flourish in the next year.
This article is the reason why the stock went down today. If you aren't a day trader and are in it long term check your portfolio in 6 months not 6 hours. This will be a roller coaster.
Pot Shares Rally 21% to 1,700% as Speculators See Green
By Nick Taborek, Callie Bost and Nikolaj Gammeltoft Jan 9, 2014 1:15 PM PT
Save
Photographer: Brent Lewin/Bloomberg
Marijuana buds.
They’ve got high hopes.
Bruce Perlowin, the chief executive officer of Hemp Inc. (HEMP) who has seen his stock soar 205 percent to 8 cents in the last three days, says investors are suddenly bidding up marijuana companies because they want to find “the next Microsoft.” Robert Frichtel, his Advanced Cannabis Solutions Inc. up 144 percent after posting $455 in sales last quarter, said “euphoria” is driving gains that in some cases top 1,700 percent.
“The demand for marijuana is insatiable,” said Perlowin, a once-jailed smuggler who filed last month to sell 12 million shares of the Las Vegas-based company even as its market value holds at 99.97 percent below the world’s biggest software maker. “You have a feeding frenzy for the birth of a new industry.”
Related:
Legal Pot Tests Landlords, Lawyers and Bankers
Dude, This Pot Stock Is Totally in a Bong Bubble
Marijuana Is Legal. Time to Regulate and Tax It
While regulators warn of scams, some of the biggest percentage gains in the stock market this year are being enjoyed by investors speculating on marijuana penny stocks. GreenGro Technologies Inc. (GRNH), which provides management services for medical dispensaries, has soared 1,714 percent to 80 cents. Tranzbyte Corp. (ERBB), which sells pot in Colorado, has gained more than 310 percent in five trading sessions, crossing above a penny for the first time in 11 months.
Frenzy is afoot after Colorado became the first state to legalize sales to anyone 21 and older and New York considered reviving a law to allow some hospitals to use the drug for patients with cancer, glaucoma and other illnesses. Among 10 marijuana-related stocks that have rallied more than 20 percent this year, most are priced below $1 and trade over the counter.
‘Freaking Out’
“It’s people freaking out, thinking they found the next home run and doing no research,” Frank Ingarra, head trader at Greenwich, Connecticut-based NorthCoast Asset Management LLC, said by phone. “There might be one or two that survive, but having seen crazes like this, people have been burned by them a lot. The average investor should think twice.”
The Financial Industry Regulatory Authority issued an alert in August saying investors should beware of potentially fraudulent purveyors of stocks connected to pot and related services. Scammers may be promoting the shares, then selling them in what’s called a “pump-and-dump” scheme, the brokerage watchdog organization said in an e-mailed statement. It didn’t name any companies.
Finra Warning
Investors should be particularly wary of executives who have been incarcerated, according to Finra’s alert, which mentioned an unnamed CEO who spent nine years in prison for running one of the largest drug-smuggling operations in history. Perlowin of Hemp Inc. said in an August interview that he thought the group meant him and that it’s “absurd” to criticize him for his experience dealing marijuana.
Hemp Inc. focuses on industrial hemp used in clothing and camping gear, Perlowin noted.
“I don’t really know that there’s a lot of stock-market money to be made in this,” Brian Barish, president of Denver-based Cambiar Investors LLC, which manages $9 billion, said in a telephone interview. “I’ve definitely seem some interest and gotten a couple calls. Most of them have been with chuckles on the other end of the line.”
Eighteen states and Washington, D.C., allow the medical use of marijuana and 11 permit sales through dispensaries, according to the Denver-based National Conference of State Legislatures. National legalization has the potential to start a $35 billion to $45 billion a year industry, according to Bloomberg Industries.
Recreational Use
Pot for recreational use sells for an average of $400 an ounce, compared with $200 an ounce that Colorado retailers collect for medical marijuana, according to Aaron Smith, executive director of the National Cannabis Industry Association, a Washington-based trade group.
Medbox Inc. (MDBX), which has a market value of $626 million, climbed to a one-year high of $73.90 on Jan. 7. The West Hollywood, California-based company had about $260,000 in profit on sales of $2.1 million in the third quarter of 2013, according to a Nov. 19 statement. The shares slumped 19 percent to $43.25 today.
Advanced Cannabis, which leases space to producers and vendors, has climbed to $7.95 this year from $3.25. The Colorado Springs, Colorado-based company reported a $472,000 loss on $455 in sales in the quarter ending Sept. 30. The shares lost 7.6 percent to $7.35 today.
Building Momentum
“We kind of anticipated this happening with the euphoria that happens around the cannabis space with any significant news,” Frichtel, president and chief executive officer of Advanced Cannabis, said in a telephone interview. “Momentum is just starting to build behind the industry and I assure we’ll do everything right to continue to promote shareholder value.”
GreenGro Technologies has climbed to 80 cents a share from 4 cents at the end of last year. The Anaheim, California-based company reported a net loss of $221,644 during the third quarter. Growlife Inc. (PHOT), which makes indoor growing equipment, has climbed to 35 cents a share from 15 cents in 2013. Tranzbyte, which has a market value of $29 million, has risen to 1 cent from 0.29 cent.
“We appreciate the confidence of investors,” Marco Hegyi, president of Woodland Hills, California-based Growlife, said in an e-mail to Bloomberg News. “We are essential to the expansion of the legal cannabis market.”
Past Frenzies
U.S. investors poured money into Chinese stocks in 2009 that went public via reverse mergers amid optimism about the world’s second-biggest economy. The gains were erased over the following two years as the global financial crisis unfolded and some of the stocks were targeted by short sellers.
Zoom Technologies Inc. (ZOOM), a Chinese maker of phone equipment, jumped to $126.27 in 2009 from about $4 in about six months in 2009. The stock has since lost all of those gains. Universal Travel Group. reached $16.83 in 2009 from about $1.50 the previous year. The Chinese travel service traded at 16 cents in 2013 before it was delisted.
“It’s very easy to see why day traders love a penny name,” said Yousef Abbasi, market strategist at JonesTrading Institutional Services LLC, a Westlake, California-based broker, referring to the ticker symbol for Medical Marijuana. “They love the hype surrounding these names and there is constant news flow.”
Cannabis Science
Medical Marijuana Inc. (MJNA) shares trade at 19 cents, up 21 percent since Dec. 31. AVT Inc. (AVTC), which makes vending machine technology, is up almost 300 percent this year. Cannabis Science Inc. (CBIS) has more than doubled to 12 cents. mCig Inc. (MCIG), an electronic-cigarette producer, has risen 54 percent to 14 cents a share.
A phone call to Medical Marijuana was not immediately returned. Shannon Illingworth, founder of AVT in Corona, California, wasn’t available for comment. Messages left with investor relations at mCig, GreenGro Technologies, Tranzbyte and Medbox weren’t returned.
Bruce Campbell, a fund manager with StoneCastle Investment Management Inc., said investors should buy a basket of marijuana companies instead of trying to pick a winner out of a group of small, thinly-traded stocks.
“You want to do it with a basket, knowing a couple of them will blow up and do really well, with the rest somewhere in the middle,” Campbell said on the phone from Kelowna, British Columbia. He helps manage about C$100 million ($92.4 million) with the firm. “Your basket will probably give you some good returns over the next five to 10 years.”
To contact the reporters on this story: Nick Taborek in New York at ntaborek@bloomberg.net; Callie Bost in New York at cbost2@bloomberg.net; Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net