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What a difference 6 months makes. You didn't want to believe any of this was possible not long ago. I and many others cautioned, and it has only gotten worse. I used to be the biggest cheerleader Dror had too.....He is the master of disaster.
I hear you my man. The release of fins will help, but I'm afraid only if they are perceived to be "good". Dror mentioned 1M in the letter this week, and I don't think if that is true it will do much for PPS. But I hope so!
Meant to say I have .0084 avg. still trying to decide if I want to throw a few more thou at it. Down about 12k right now, so it could be worth the gamble to avg it down more, but I've thought that a dozen times before.
Being addicted to the emotion of hope is a killer. PP, you and I are OG SPLI holders. How sad that we now hope this will "pop" to .004-.005. I've been averaging down (.084), but I need to throw about another 2 grand at this in order to get out even on such a pop, and honestly, because of all of my other failed attempts to get out even, I just don't know if I have enough hope left in me that it will ever happen! Uncle Dror has in many ways turned out to be the person all the haters said he was over a year ago. This CPA debacle may be completely legit, but it looks bad no matter how you spin it.
Best of luck to you, sir!
Maybe you should take a minute to read and digest the 10K. These number are 3 months old at this point.
Good morning all, this is my first post in the TRTC board. I have followed this ticker for a very long time, and have been in and out a few times. The dilution that is taking place, and will continue over several months is going to hurt the PPS substantially. You would be wise to get out and let the dilution run its course. You will certainly be able to but back in at a much lower price, and in the process double, or triple your holding amount. That is my personal plan. No bashing here, just stating the obvious. I believe that TRTC will come out the other end a winner as MJ becomes more and more accepted and they execute their plan. I will personally be trying to accumulate a few million shares as this progresses because I do believe in what they're doing, but it is going to take some time.
Convertible notes have been the achilles heal for all MJ stocks. Holding is fine when you believe in a stock, but again, why not double or triple your share count along the way.
I wish everyone the very best!
I appreciate your story. Honestly Bill, I don't hate this stock, just what has been done to it. I amassed a lot of money last year when this ran, and out of spite I held and held when everyone was bashing. I was going to prove my point that VPOR was going to beat the OTC. I would get so pissed when bashers would talk out their backsides. Now, here we are at .0010. I rode this to the tippy top, and it is now lower than it was when we started as SPLI. It's disappointing, frustrating, you name the adjective. In as much as I appreciate your life lesson, you did not have the displeasure of riding this down as many here have. Again, don't take my words as me being a basher. I am just trying to be objective as some here would lead you to believe this is a great buy, and reality is, at the moment, it just is not. There is still a lot of down side here as set forth in the PR this week. Now, is there potential to still make some money here, maybe one day!
Nothing they say matters is the problem with their PR's. They speak in half truth's and fluff so there is never a bump in PPS. Check the history and you'll see that most PR's lead to more red days. It's a pattern.
I mean this sincerely and not as an a-hole - I'm sorry you feel like 3 billion is not a big deal. I think it is terrible personally. To think they REDUCED A/S just a few months ago, and now we have 3.5 billion A/S makes me sick! But, if we hit .02 that streak you will see is me selling out!
PP - that's what hurts the most. I fought like hell to defend these guys early on and watched $150K ( I have a screen shot to prove it) dry up from my account because I was going to show every basher out there that this one was different. So much for that...this is the thanks we get! Dror could have at least offered you and I the opportunity to be a note holder for all of our efforts!
Never again...love em' and leave em'
RnR, we both know it's going to happen. I have to say things like "might", "maybe", and "possibly" because if I say IT WILL happen I'm a basher! When the truth is, I'm anything but a basher....I'm what is known as a realist! I hate like hell that we will R/S, but I know it is going to happen so I have accepted it. If I can just par this beyotch, I'm out!!!
If for some strange reason they don't R/S, who the hell is going to want this when it's 3+ Billion O/S. Hell, no body has wanted for 9 months now at less than half that! I don't see how they don't R/S if they do clear the debt and want to be taken seriously again. How do you positively spin a 3 Billion float in OTC.....just ask Dror, I'm sure he will tell us all exactly what we want to hear!
Dror really wants us to believe that a note holder would not accept a cash payment. If you are a shareholder, you should be insulted that the CEO thinks you are dumb enough to believe such a statement. There are prepayment penalties that can be applied for paying off early, sure I see that all the time. But a creditor to flat out reject a cash payment, ridiculous!
RnR, I agree. Dror has several times said one thing and done the opposite. For example, he said clearly the last time he was on Pot Stock Radio that the increase is A/S (at that time to 2.5B) was and I quote "not to dilute" it was solely to meet the SEC reserve requirements. Fast forward 2 months and look at our float now. Not to dilute my a$$! They knew from day 1 that they were going to trade stock for debt. But, they sold it all along that they would pay the loans with cash. In fact they PR'd the first Magna pay down to gloat about it. Then we learned that it was only 75K, and they piggy backed a new 38K loan on top of that.
My point is Dror has proven himself to be untrustworthy. And that bums me out quite frankly and I used to defend this like crazy. My defense was always that he was doing what he said he was going to do, but I can no longer say that.
Please check my post history from earlier today. I outline clearly what is going down over the next 6-9 months. They are diluting this to the point they will be forced to R/S for the stock to have any credibility if in fact they do start legitimately growing the company. The only "investors" here are us bag holders. Any new money would be wise to run like hell from this...at least for the time being. All this talk of "great time to buy"....don't kid yourself. Dror said himself in the PR just yesterday that the dilution will keep this in shitsville until at least April. This is a turd, plain and simple. And you can polish this turd all you want, but it's still a turd. Thay have a metric ton of work to do before this becomes a buy.
With respect "As a result of the Company's growth, going forward we believe that we can cease the use of convertible debt financing to fund our operations and expansion."
"We believe"....doesn't exactly sound like a resounding no to me. But, to each their own. If you take that to mean it will never happen, I'm not here to try and change your mind. Just being objective.
Cheds, I respect you more than most, but he didn't say they will not take on any more debt, just that they haven't taken on any more this year. Important difference.
I hope what he's says is true, but I call BS on lender's not accepting pay down. If they "can't" pay down lenders because they refuse to accept payment, then why don't they do a share buy back with all of the "cash". It would keep the float in check, which would have the same affect as if they paid the notes in cash instead of shares. Dror's story just doesn't add up.
Rough road ahead. Here's what we know WILL happen between now and summer:
1. Float of 3.5 BILLION shares to be achieved, or a better way to look at it 2 BILLION more to go!
2. Reverse Split. Dror's words per the PR "most likely" not to happen in Q1 or Q2 ending June 30th. "Most likely" not to happen in those times frames, very loosely worded. In any event, this is his way of saying an R/S will happen this year. It has to for anyone to take this company seriously again. Who's going to want this at 3.5 Billion O/S. A 10/1 R/S, or even 5/1 will bring it back to a manageable number and then new investors will come in. The rest of us....well, we're F'd. If you don't believe an R/S will happen this year, mark my post and hit me up in 6-9 months.
3. Preferred Shares to convert. If you think the note holders have diluted wait until Yanny Boy and Uncle Dror's shares get unlocked. They will burn through their shares so they can be absorbed in the R/S. They will do it under the guise of "we have never taken a pay check, so we now deserve to get paid"
These 3 items alone will keep the death spiral in full vortex. I own a cool 1 million shares of this, but I have become a realist. I had the conversation with my spouse this morning letting her know that we're chalking this up as a lessoned learned, and to not count on recovering much if any of the money on this one. My only saving grace is that my average is just over .01
Good luck everyone, I hope the best for us all, but we have to be realistic.
R/S "most likely" not to happen by June 30. Most likely.....I think we're f'd. Anytime Dror uses this type of language, it usually comes to fruition. Look at share increase, original Hanover debt pay down, etc.
And, if they have so much damn money, and lenders won't accept pay downs, then why are they not buying back shares...especially at these prices!
I no longer believe in their plan or much of what they have to say. I'm just here to par losses at this point.
It sucks because I was a huge supporter, but they just keep chopping shareholders at the knees!
I want to be angry at this PPS, but it is so pathetic that it has become laughable! I am angry at myself for the confidence I put in management early last year. I really thought we had something. Steep learning curve in penny land!!!
Trade well my friends!
Brother, you have no idea how right I hope you are! It's been a looong 10 months! Got my average down to almost .01 though, so if we can get that 2-3 cent pop I'll be able to walk away with my shirt!
Too bad it still continued to bleed.
I saw no answers in there. But, I am happy that they set the VGR deal up so it doesn't dilute shareholders....that would have sucked if they did any kind of dilution. (sarcasm font)
Not sure I understand your point of your post. They announced this a few weeks ago, yet we have zero details of the "program". VPOR tends to announce a lot of things with no follow up. Look at yesterday's PR....3,000 stores with immediate placement in 100. OK, who? Wouldn't you want it to be advertised to whom the 100 stores product is going to be placed so people will know where to go to buy and support the company? I mean, you don't think shareholders would spread the word to their east coast friends where to go to buy the product?
Just like the Colorado distributorship...still waiting on those details from months ago, then they announce a private label program with no details. Big difference between private label program and distributorship. And of those "Big Deals" from Vegas that Yaniv tweeted....where are those details.
I think their strategy has been come to PR different "deals" along the way as to divert our attention from the previous PR's that always lack specific details.
You have been here awhile, it doesn't bother you that they NEVER provide details of any of these PR's and keep everything to a generalization?
Been hearing that for over 6 months...it's pretty damn dark in these parts.
I'm trying to stay upbeat, you can look at my post history to see that I'm a VPOR fan. It is the continual lack of shareholder concern that has slowly eroded my confidence. Dror tells us all what we want to hear, but PPS does not show otherwise. As has been said, next 3 months do or die time.
Believe me, I will be holding to see what happens. I have been here officially over 1 year now. Like you say, next 3-5 months will determine if it is time to cut bait and move on.
300+M in 2 days and bleeding like a stuck pig on good PR....the dilution machine is well oiled. I will hold my bags until I'm at least even, but VPOR has done nothing but kick me where I pee. My average is way less than most, but .02 PPS seems light years away with the current state of affairs.
Good luck all, but it appears VPOR is where dreams go to die.
Not sure what you're talking about, but the website has all prices posted and was easy to use. Discount codes went right through without issue as well. As far as catalogues go, if I see something I go to the website...who bothers calling and getting placed on hold anymore?
That a County Road in Texas....is Dror driving across Texas with all of our money???
What are you talking about....I have the other oar in your boat....you don't recognize me! :) Let's just hope 2015 starts out the same as 2014...I'm much smarter now!
Yes, apparently it's bad for PPS.....just something I heard.....
We're always looking at PPS, but regarding their website and the way they transact business I thought I'd share my experience.
I placed an order with them this morning to take advantage of the sale they have going. After placing my order I immediately received an email confirmation with a very professional and detailed invoice. Just a few minutes ago I received a shipment confirmation email again professional and detailed. It is as nice an email communication system as all the big online retailers I order from.
I thought I would just mention this as an aside from the daily gripes about PPS. I think they do good business as far as operations go. Now, if they can clean up the toxic debt I'll feel even better! But that would be griping, so I digress.
VPOR having a great sale right now. Just ordered some Christmas gifts. Hopefully my purchase will help the PPS! :)
Insane volume today. Hoping for the turn in PPS come 2015....until then, have a great holiday peeps! Just going to lay in the weeds and observe for the next few weeks.
That would be a 2,500% increase....not likely to see the Phoenix rise that high from the ashes in just 3 months.
I had a dream that VPOR printed .003's...........must be a dream because Dror said he was shareholder friendly, so that could never happen.....could it??? Wait....what...you mean...you mean, it isn't a dream....
(searches for tall building)
The dates of all the loans are noted in the 10Q. There are several that were taken out over the summer, and we know they added almost another million in debt last qtr. Worse yet is they don' tell you to whom many of the notes are held with, they have the names listed as private. Speculation is Dror's hooking up family/friends on these notes and allowing them to convert at .001. Whether that is true or not is beyond me. What I do know as that the conversion/dilution is crushing us!
I hear you, but they have shown zero interest in paying notes back in cash. Look at their PR regarding the pay down, it was only 75K, and they piggybacked a new note on top of it. Not promising for us.
I'm trying so hard to remain bullish, but man VPOR kicks hard!
Unfortunately, the 8K clearly states that the note holders can and will convert "at will". I'm afraid we're not nearly done seeing the dilution from note conversions.
3 months ago I would have lit you up for this post....today, it sounds very logical. Still, like a fool, going to hang around to see what happens.
It used to be easy to defend VPOR because I could always use the argument that "they were doing exactly what they said they were going to do". This 8K leaves a bad taste because is validates that they are doing the exact opposite of what they said they were going to do. Going to have to re-think this a bit. Sucks!!!