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.
The more close we get to end of june, the more volume will pick up. friday's +ve close is sign of the reversal. The consolidation is about to end soon and folks waiting on the side will get back in by monday/tuesday if it breaks 0.30.
Schedule 2 is good, allows Banking and that's all I care at the moment.
All this 11 mil (3.25 advance) and the remaining can be paid off if they avail banking loans instead of convertible notes.
Also it allows crossing state lines. That's a big step to add IVXX to other locations in Oregon/Colorado etc.
Finally Blum franchise can be spread across different states.
Best will be schedule 3 as it will also get rid of 280E provision, but for now Schedule 2 is also a good option until IRS case gets its hearing.
What will be announced first, GWP# FDA Approval or Re-schedule to 2 or both at the same time.
I am expecting a press conference either next week or a week after that latest.
As far as financing is concerned for TRTC, they are only committed to 3.25 mil, the reaming 2 mil and 0.75 mil is 30 days apart and anything can happen in these 30 days
Banking provisions can be availed and TRTC can repay all the notes.
The additional 5 mil ( 1 mil tranche ) are not committed and will be used only if required.
This whole conversion of notes, dilution is spread out and if used, it will be 8 months before all of it can be utilized, and everyone knows what's coming in these 8 months.
This is not time to flip, this is time to accumulate. Check GWP#, the trend there has start upwards, and so will other stocks catch up, only a week or two left before news come in.
the only stock with most momentum, if and when it get rescheduled, this will run the farthest and the most. Expect 10X bagger on schedule 2 and 20x for schedule 3
http://www.fda.gov/downloads/AboutFDA/CentersOffices/OfficeofMedicalProductsandTobacco/CDER/UCM438966.pdf
please read the last point of the last slide and draw your own inference.
folks who are buying shares after all this bashing are still looking at the +ve side of the sector that can open doors this month anytime.
The chances of DEA approving schedule 2 and allowing banking provisions etc. has gone up 80%+ so there is not much low, but a lot to gain at these level's if mmj get reclassified.
have read it and listened to the conference call live and recording. it is very clear what their intentions are for RS.
don't try to spin your story.
if they had any wrong intentions of even defaulting on any of the previously issued notes, they would have not paid it off by taking new notes/financing.
it is very clear they are trying to keep the shareholder interest while making decision that are going to benefit and create unique offering and shareholder value.
this company is already taking actions to be the first in the line to get recognized when the doors to banking are open.
Friday's action speak for itself, as i had posted earlier, in 2 weeks from now, DEA can announce schedule 2 or may be even 3 and that can change the whole equation.
All this financing can again get refinanced on much better terms. there won't be any dilution.
RS only for up-listing, which won't happen until 2017/2018.
not before banking woes are resolved.
http://wearechange.org/free-last-dea-fda-prepare-federal-legalization-marijuana/
http://www.fda.gov/downloads/AboutFDA/CentersOffices/OfficeofMedicalProductsandTobacco/CDER/UCM438966.pdf
These articles show the process of rescheduling and how close we are than we were 6 months ago in getting to schedule 2/3.
Schedule II is not bad at all. It is not as good as III, but a very +ve step for all the legit companies.
Banking and Crossing of State lines will mean that companies can expand grow their brand exponentially.
Loans for the same can come from banks if they have proven business model
TRTC fits that bill correctly. They already have Brand that is known. Blum can be a franchise that can expand quickly across state lines.
IVXX too can be exported across state lines.
So overall Schedule II will too create a exponential growth.
Stocks will rally and most legit ones will also keep the gains 5X to 10X of their revenues
The ones with mature growth models and revenue will surely benefit the most.
Most of their notes etc. can be paid off once banking is allowed.
So all true companies that are transparent and fully reporting (QX) with aggressive growth plans will be able to uplist and attract investors
IF it is in schedule 2, it won't impact the provision 280E IRS tax code, only banking will be allowed and state lines can be crossed.
However anything schedule 3 and below will automatically remove the 280 E and all business can then deduct expenses.
then you will miss the boat. that's not happening anytime soon. RS clause is only for uplisting and to safe guard against external control of the company. any sane business man will have this clause. Even Google has that clause. it does not mean anything
nice try, not working though. if it closes green today, lookout for some PR on monday morning that will drive it up back to 0.40's
it went from 0.62 to 0.23, but now it can go from 0.23 to $2/- if DEA reschedules this month and banking is allowed.
If it is schedule 3, then even IRS 280E won't get applied, it might got to $5/-
TRTC getting ready to reverse the trend if it closes green. Check the last half hour action. Who knows what new can popup out on monday.
Isn't that's how all the public companies work. They all bet on investor's money, they all are salaried and get paid in stocks, bonuses and salaries. How is TRTC any different.
When Netflix decided to separate online streaming from door to door shipping and charge separately, the stock tanked. That decision was made by CEO and many shareholders suffered who were long and many profited from the lows when the decision was backtracked.
My point is investment in stocks, be it Nasdaq or OTC or any is a risk when we are confiding in someone else to run the show.
what will come first
DEA news?
Green Door?
S-3 Approval?
AS increase
R/S (not until rescheduling)
Reschedule is going to happen.
Bank's will be allowed to support legit businesses and TRTC is at the forefront of it.
All this financing can be paid off once it is reschedule and chances of that happening are now 90%. The fact that it went up from 0.22's back to 0.38 in two day says it all.
GWP# results and FDA approval are due anytime now.
the only way to teach them lesson is to find a lawyer and sue their ass
My point is the shares 90% Blum previous owners received as part of merger are locked for a yr until march 2017.
The RS won't be done this year or until the banks are ready to support mj business.
TRTC's expected rev is still 20-22mil for 2016 and will go exponentially to 50-60 mil with 5+ dispensary's operational by Dec 2016.
Not sure why you would sell all your shares fearing a RS in the future which is technically going to uplist TRTC and bring in more sharesholders.
Yeah agreed, but they are locked for a year. In one year and until they do RS, TRTC might be generating 50 mil+ revenue
majority of the stock received , almost 80-90% of it is held in escrow and won't be available for 1yr from march 31st 2016
The shares of Series Z Preferred Stock, Series B Preferred Stock, and Series Q Preferred Stock that were issued but not paid to the Black Oak shareholders at closing are subject to certain holdback and lock-up provisions, and held in an escrow account as security for the satisfaction of any post-closing adjustments or indemnification claims, as provided for in the Merger Agreement.
I am wondering a company making merily $112k in revenue also completed its Auditing from Anton and Chia, howcome VPO# are having tough time completing it or paying for it knowing the kind of revenue they are generating or speculatively generating.
http://marijuanaindex.com/industry-news-item/?newsId=87225506&headline=Endexx-Announces-Completed-TwoYear-Financial-Audit-for-2013-and-2014
TRTC is at forefront and making sure they are on Right side of the law. Their license is guaranteed
http://www.latimes.com/politics/la-pol-sac-pot-dispensary-felon-owners-20160513-story.html
You can stoop to any level to get cheap shares.
The problem is in your cases everyone who has been following this board knows that you were pumping this stock for last 2 yrs and just from this week you have started bashing it.
Everyone can clearly see your motive. So no matter what argument you bring up, you have lost your credibility as far as i am concerned.
Nice Try
5/5/2016 S 100000 D
I agree that it might not good for TRTC, but DP is a smart guy, and until he sees something that is good for TRTC, he wouldn't have take a plunge into it. He could have done this long time back, but he waited until he saw value in doing it
As I posted earlier, the deal is conditional. The notes mature after Sep 2017 and by that time TRTC will be at a different level all together.
The interest rate is also just 1%
The deal is conditional and the notes are available only after Sept 2017.
The complete deal is dependent on the revenue
Asset Purchase Agreement :
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.
In addition, the Company may be required to issue an additional Convertible Promissory Note to the Seller based on the following calculation:
(i)
if the total revenue ("Total Revenue") generated by the Assets for the period beginning on April 1, 2016 and ending on March 31, 2017 (the "Applicable Period") is greater than $1.6 million but less than $3.2 million, the Company will issue to the Seller an additional Convertible Promissory Note in the principal amount equal to fifty (50%) of the Total Revenue in excess of $1.6 million; or
(ii)
if the Total Revenue generated by the Assets for the Applicable Period is greater than $3.2 million, the Company will issue to the Seller an additional Convertible Promissory Note in the principal amount equal to the sum of: (a) $800,000 (which equals 50% of the Total Revenue in excess of $1.6 million up to $3.2 million), plus (b) twenty five (25%) percent of the Total Revenue for the Applicable Period in excess of $3.2 million.
http://www.bbc.com/news/world-us-canada-
36097561http://www.huffingtonpost.com/entry/marijuana-white-house-obama_us_5717adc4e4b0c9244a7a7ec4
http://www.un.org/apps/news/story.asp?NewsID=53723#.VxhaePkrKM8
You have 3 reasons why you need to hold your shares, cause anything can change in next few days.
Why don't you find it out yourself
http://www.letsblum.com/las-vegas-western
They have invited everyone for their grand opening
Clearly this guys is out of stocks to sell and is trying to get cheapies
Yeah, call up Anton & Chia or check Auditing fees of any other MJ ticker SRN# or TRT# etc. it is approx in that range for 2 yr period
So what's your take on no financials. Looks like these guys don't want to do the Auditing. They just release 8-k last year to show they are required to do the Auditing and then left it there.
I think all the money is being invested in Whizboard(which failed) and also (hydroponic systems) and none on auditing.
General auditing cost is appox 150k for 2yrs audit. I am sure Dror/Yaniv will not sell there cars to just keep shareholders happy and pay for auditing fees.
I felt it was in their interest to ride the new mj wave that has just started again. On the contrary, our money is stuck with these scum bags and we are not able to even sell as volume too has dried up
KBPonto, Mainebest too have vanished, just like all the volume
Terms of offering is going to be decided in future. Not all of the 75 mil will be raised in one go. So the no of shares can be much lesser than anticipated at 0.30. The future shares could be up for offering at 0.50's or 0.75's
This my worst mistake ever. All my money is blocked with this knuckle head, the mj market has already picked up, and we are still waiting and holding bags.
Unless Dror releases financials, this turd is dead.
It is fine, it is still net profits from 3 months for 3 consecutive year and that too conditional to a revenue if being reached.
So that shows how certain TRTC and the company in question is that they will reach that revenue.
It is 50% if the Net Profits and that too of the first 3 months.
Its not bad as you seem to make it like