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Cause there is no money
10-Q does not look good. Just look at accounts payable: nearly 6 million, about 20 times more than there current assets. This company has gone bust but is not forced to admit it yet
Good luck Captain.
I also don't see 'm ever getting out of this death spiral. The guys are just no entrepreneurs craving for succes. They just keep muddling on, at shareholders' expense.
I don't blame them though. I've always been well aware of the risks but I somehow ignored them. That's my own responsibility. Learnt an important lesson to really focus on the risks, which has helped me a lot ever since.
For me my 130K shares have become so wortless that I don't even bother selling them. So if they would hit it after all, we'll see. My take is still the same: it's up to Bikini Ready, and only Bikini Ready, to rescue the company, but chances are little as they just don't have the money to push it forward, even if they knew how to do it
you sound like a world class leader already (;
Hi all
Been a long time since I checked the board. Still own 130K shares but they are so worthless I don't pay attention anymore.
Do I read it correct that Nulief has never been for sale in any dispensary? I've always accepted this project was primarily aimed at the MJ hype to facilitate funding, but if they've been lying about the launch in press releases and personal mails to investors, they may be lucky they got no money so there is no point in taking legal action. What a scam.
Has anyone in the US seen any of the announced promotion for bikini ready already?
I'm sorry, can't help you cause I still didn't get an answer on my question if options are available for this stock.
And no, there is no widely anticipated CBD launch coming soon.
There has never been an official statement that NRTI will source the CBD extract from TRTC. They have talked in a pr about 'sourcing' non-canabis CBD, but it's not really clear if they meant purchasing it from a supplier, or extracting it.
As TRTC plans to bring their own products to market, they might use the extraction machine just for their own products.
The cooperation - if there is any - could also be on the distribution side, with TRTC's connection to medical marijuana dispensaries
I talked about buying put options. That does not involve paying anything over the principal of the shares.
It's not the same as shorting
Does anyone know a way to buy put options for these otc stocks. I can't through my broker.
Looks like this thing just can't find a bottom without any real facts about improvements in the business. Which would mean this would bleed at least till publishing 15q1 which is due May 15th
I'm only trying to assess what's being said here, to filter out the rubbish
How much are we gonna give our ceo for his performance this year?
http://finance.yahoo.com/news/ceo-gives-back-2-million-204008545.html
What kind of calculations are you refering to?
No problem - I wrote it down back then, otherwise I wouldn't have remembered. It's surprising that such important information gets hidden as a single line somewhere.
It would be better if each company would be forced to give an accurate overview at any time on their website, but that's another discussion and it would not be favorable for our cute little struggling company here
Conversion rate is 625
from 8K, May 6 2014:
As a result of the transactions with 31 Group, the conversion rate of the Company’s Series Preferred Stock increased from 250 shares of Common Stock per share of Series G Preferred to 625 shares of Common Stock per share of Series G Preferred
If you're talking about me, my only mistake so far has been that I expected it to bottom around .03 I'm absolutely sick and tired of these cowardly accusations. If you hate the facts, don't blame the messenger
Group 31 was mentioned in last Q report for having converted. Based on the volumes of last weeks they should be sold out by now. Don't know of any other parties intending to convert and sell. After all they have as much reason as we have to expect better times and they're protected against dilution as long as they don't convert.
The main thing that's keeping the stock down at the moment, imo, is the fact that the financials don't look good. We may believe in the story ahead of us and would love more communication about it, but investors with serious money only need a few minutes of DD to see the risk of dilution or even collapse here. The company will have to sell quite a lot of CBD pills to clean up the balance sheet before any smart money will step in.
It's gonna take quite a few more months i guess to see substantial change here
Next statement is probably going to be about raising more funds.
In defense of the company, i don't know if there is much more they can tell at the moment. Let's be fair: they have given quite a lot of detail of what they are aiming for in the cbd market and how they're approaching this.
It's a bit too early to start educating the public as long as there are no products to be sold.
They can't tell much about distribution either. They've been very clear that they are going to start at dispensaries and I'm quite sure that they will issue a pr as soon as a a new distribution deal is closed, as they've done before.
I do agree it's a bit frustrating and it will be for probably a few more months, but if there are no more facts to give, all communication would risk to get classified as pumping which could have an opposite effect.
I have to admit though that i have also been stressing earlier that they should communicate more. But as we learnt along the way there was not really more they could say. It's a slow process and we'll have to endure it i guess
Are you saying you ignored my advice not to buy yet? I just can't believe it
It's Rob actually
Last filing said the 31 Group LLC converted $184,979 of principal and interest into 14,164,787 common shares.
That 'values' those shares at 0.013
So let's hope the bleeding will stop around that level for now.
Problem is next funding round might be just around the corner.
But so is their CBD opportunity
Looks like the race is on
Pls don't trick people into loosing money in an attempt to cover your own loss. There is no way for us to stop this bleeding, knowing the poor condition this company is in right now
It's up to the company to restore investor confidence. But there is not much they can do either.
What you mean?
Sorry to see that. I think patience is key. There could be new spikes when their CBD products hits the shelves. Should be enough to recup your money.
Meanwhile try to ignore the bigmouths. A lot of these people have never read a filing or whatever. They hate every fact cause it might ruin their lottery trade.
And then there is this story about the best CBD products in the market endorsed by the best scientists in the field. It's all pep talk. One year ago it was about the best supplements in the market endorsed by the best media woman. We've been there. We've seen the result. It means nothing.
I'm in more or less the same position, by the way. My average purchasing price is bit lower. And I'm holding only 130.000 shares cause I sold the rest when it became clear they got behind on their payments. At that moment I took a loss of 20.000 euro. Need a rise to .23 to get break-even again, which seems quite possible still
In the meantime I think we should be prepared to see things get even uglier. SP is going to drop at least 50% more from this point imo. There is simply nothing to stop it in the coming months and it might take quite a few months before these new products are introduced to the market.
It's all out there to read.
Distribution deals have been done with help of external consultants. They are sitting on the NJEDA money now
A problem might be that Martha Stewart has always been promoting vegetables as a key to healthy living. Her true followers maybe don't want vitamins in a bottle - they go for the real thing
You're right of course but i think the company is simply not in a situation where they can spend millions and millions on advertising.
The big opportunity about the Martha Stewart deal was imo that it could have been a succes without having to spend big on advertising, because the name is already familiar to so many people. Customers stand in front of the shelf looking for a product, see a familiar name and choose that product.
It hasn't worked out that way, but it was worth a try. If they had indeed spent millions on marketing and it still had not worked, our shares would have been gone to the shredder by now.
Now we can still hope for the next big thing.
An interesting thing might be what their marketing strategy will be for the cbd based products. If they want to appeal to the masses, it will be a huge challenge to get people informed and excited about these products.
Talking about me? I've Always been very open about my situation, my friend. I own 130K shares and i will hold 'm for a very long time.
I won't buy more, for the simple fact that my broker won't allow me to buy this stock anymore until it reaches .10 again. Which is fine by me cause since they are behind on their payments, the risk is just too high for me.
I also won't sell because, well, you know, how shall i say, well actually, they're pretty much worthless right now.
There's no strategy, no tricks, no hidden agenda. Just sharing some thoughts with my funny friends here. What more can one do while waiting until this company maybe gains some traction again.
Okay we could make a deal to try and pimp it. But then next week someone smarter than us could step in and we would be back where we started in no time.
In their defense, the company and CEO can only deal with the facts as they are. I think even the most ignorant ones here have understood by now that MSE sales have not been as expected. I learnt from CN (yes, i sometimes do (; ) that these kind of products are choosen when standing before the products in the shop. The MS name could therefore have brought in huge sales as it has done for other products. For some reason it didn't work out with the pills, a fact we and the company can only acknowledge. Customers have the final say, ever.
Maybe they should have spent more on publicity, but succes would not have been guaranteed and the company would have spent more money.
In Q3 statement we have seen they continued with cutting costs, as they had already done in Q2.
With CBD they might hit the jackpot by bringing the right product at the right time. Let's hope they do
The shares that are being offered on the market today come from a recent private placement
At .01?
Where do you come up with this stuff? Before convertibles dry up, new ones will be printed. They need the money to stay in business
All you have to do is spend $10K in a few weeks and they'll be yours
That's a very valid question. Point is this company can't survive without dilution, and much more will be coming our way in the next months.
With a negative net value and more costs than income, they just can't go to a bank and borrow some money.
Dilution is just part of the deal here and you got to have confidence that future succes will neutralise it some day
I guess in the quote you get an answer to your question about the partnership. Which would mean there is no formal deal cause the dispensaries, as i understand, are a pvt business, not related to trtc.
Me happy cause don't like trtc
Well we can't blame Mr James this time. The pr is explicitly stating which kind of product to expect and he is as pushy as he can possibly be, imo lol, in providing arguments to have confidence in what they're up to.
No word about our freelance nutritionist though. Guess he didn't make it to SF, which is kinda weird at this stage in the development of the products, no?
If they can prove they don't need in house expertise to develop new products, they might as well broaden their range of products to smart phones, action camera's and all electric vehicles. We're not dead yet (;