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.
What is the difference ? Here is his quote. "We believe that we can grow top line revenue to $63 million run rate by Q4 2019".
He addressed that in an interview. They told him to pick one or the other. He chose to be an Entrepreneur.
He knows how to wheel and deal. He is going back to his roots. Just reading the tea leaves.
Were seeing arbitrage opportunities that are out there where we could then take that $10 and go out and purchase something for $8 that providing $5 and benefits to the Company. So the whole point here is, taking some assets off the table, pulling in the capital from that asset reallocation or redeploying that capital in a more accretive environment and taking that cash and leaving that cash on the sides so we don't have to continue to go back to the capital markets on a regular basis.
Those arbitrage opportunities are very available out there on scope and scale in the California market place. So I think were pretty well positioned to be able to capitalize on that and were going to be very well positioned on capitalizing that. If we come out of this asset, this asset is going to sell thing that were looking at right and right now with the successful amount of capital that we could really, really go-to-market and pull in some very attractive opportunity that we currently see out there.
His roots.
Mr. Derek A. Peterson is Founder of Terra Tech Corp. and has been its Chairman of the Board and Chief Executive Officer since February 9, 2012. Mr. Peterson served as President of Terra Tech Corp. since February 9, 2012 until November 6, 2017. He began his career in finance with Crowell, Weedon & Co, the largest independent broker- dealer on the West Coast. In his 6 years there, Mr. Peterson became a partner and Branch supervisor where he was responsible for sales of over $10 Million. He was offered an opportunity to build a southern Orange County presence for Wachovia Securities, where he became a 1st Vice President and Branch Manager for their Mission Viejo Location. He was instrumental in growing that office from the ground up, into the $15 million dollar office it is today. After his term at Wachovia, Mr. Peterson accepted an opportunity for a Senior Vice President position with Morgan Stanley Smith Barney, where he and his team oversaw combined assets of close to $100 Million. In addition, he has also been involved in several public and private equity financings, where he has personally funded several projects from Angel to Mezzanine levels. Mr. Peterson serves as a Director of Terra Tech Corp. since 2012. Mr. Peterson is a CFP® Professional and holds his Series 7, General Securities Sales Supervisor Series 9 and 10, National Commodity Futures Series 3, Series 65 and California Insurance License. He holds Bachelor Degree in Business Management from Pepperdine University.
I am a DP fan but I feel you are right, DP has wasted an opportunity. He is not a business man... he is a Wall Street M&A guy. After listening to the CC I really think he is fixin (southern slang) to go back to his roots. Get ready to rock.
Thanks, Easier to read than to listen to. Going out on a limb with this statement. Will be an interesting year. "First and foremost, increasing gross margin to a minimum of 45%, meaningful EBITDA improvement across the board, we want to achieve a $63 plus, call it $63.3 million revenue run rate with in Q4 2019, and we want to seize assets in the capital markets by the end of first half of 2019 to fund CapEx and OpEx. I want to run over that again".
I think I see where we are headed. DP is going back to what he knows best, M&A. "We see 2020 is probably the most significant M&A in market that we're going to see in cannabis historically. We feel like there were going to see a tremendous amount of activity from companies acquiring and combining with one another to create significant economies of scale. We also think a tremendous amount of company that went public on this CSE have very aggressive revenue target they need to hit for 19 and 20".
"And we feel like they're going to be scrambling out there in the marketplace to buy people with strong footprints good EBITDA performance and strong revenue growth add to their portfolio as well. And we want to make sure we position ourselves to be available and attractive from that standpoint first and foremost, but we also want to have a very healthy bottom lines so we can continue to exist as a standalone if that’s the option and direction we decided to go from a strategic point".
Getting us ready to be bought out.
Amen, most of us got the memo and are making money. The one thing you forgot to mention was try and trade it in a tax free account.
Getting real close to the 200 day moving average. Hopefully cross it soon. Good sign .
Going to be a lot of Shoulda, Coulda, Woulda's after earnings. Things are finally coming together for us. Somebody knows something, why would we run like this unless earnings or good news has leaked out. It's our turn now.
Good luck to all of the long entities.
Sad day in America. One reason for me to vote to legalize. https://www.zerohedge.com/news/2019-03-09/viral-video-shows-police-raid-cancer-patients-hospital-room-over-medical-marijuana
Thanks, Thanks for PM and the link.
I have to admit TRTC is fun to trade, watch and accumulate. The hardest lesson to learn was when to take profits. It seems to always drop after earning. I will do all the longs a favor this earnings and sell a few shares. It will for sure go up then. :)
I have been buying and selling TRTC since 2013 or 14 when all they sold was lettuce. I have bough at .06 pre split to 4 bucks after R/S down to the .50s after R/S. So I would have to say I have probably forgotten more than you will ever know about TRTC. The TRTC board is like a long book, you should go back a few years and read it. It's funny and interesting.
You think I am short TRTC ??? Please Dude, You really need to read my past posts. I have a very long position and a trading position. I trade for fun and profits and am long for retirement purposes. Really...Come on man. Do your research before inserting foot into mouth.
BTW, I am long around 43k shares of trtc.
Sure it does, follow the chart. The trend is your friend. TRTC is predictable if you follow it long enough. Then again, you can always invest in a company that pulled out of a merger with TRTC, I think it was called Goldencrap or something like it. Had a .28 cent swing today. Enough for beer money for a day. Best thing that could have happened for TRTC when they backed out of a merger with TRTC. Good luck to all the TRTC longs!
10 cents, what a joke.
You use your method and I will use mine . I trade Trtc according to RSI,SS and W%R . Always make a few pennies watching those indicators. Just a novice but always willing to learn more. Good luck to all the long entities.
Exactly, it was overbought @ 1.07will pull back a little then run up before earnings. Exectant opportunity for the traders to pick up a few more shares. I hope the longs took advantage to do just that. Beats trading a 10 cent pice of golden crap. Best thing for Trtc when they bailed on the merger.
I did. Bought in the .60s sold @ .88. Chart shows overbought now. the question is do you sell some now and buy back in before earnings or wait until earnings and sell ???? Hummm, place your bets gentlemen and ladies.
Still have a boatload to sell at $10. Good luck to all the long entities.
https://www.zerohedge.com/news/2019-03-05/new-senate-bill-would-legalize-marijuana-nationwide-and-erase-possession-charges
The comment section was a better read than the article. Well, almost.
I tend to agree with you. Way over bought, will buy back in in the .70s and get ready for the earnings run up. It is nice to have enough shares to trade a few and actually hope it keeps running after you sell. If not, then I buy back in when it drops.
We don’t forget, that’s why we take some profits from the what we bought in the .60s .now what do do with all the profits ? Hummmm..... how about that Golden crap stock that got out of bed with TRTC because they were scared ? NOT !!!!
Will buy back in when it drops a little . Good luck to all the positive entities.
We be running now. You just might get your 2 bucks back.
Textbook definition of TRTC out of the pearjammer encyclopedia of bipolar disorder association. Very insightful, thanks for the post.
Yeah, right. 280E is a non-issue. http://fortune.com/2015/04/15/marijuana-industry-tax-problem/. Or maybe it will help everyone but TRTC. Sometimes my eyes bleed when I read this stuff.
Maybe this will help start the New Year off right.
https://www.fox5ny.com/news/cannabis-is-a-big-hit-for-christmas-gift-giving
A great fourth Q.
Yep. Do you think those boys don't know what the future holds ??? They are going to be some rich dudes one day. So will some of us. :)
So you want a job in the Marijuana field. I think these people are hiring https://www.marketwatch.com/story/the-turd-test-canada-studied-poop-to-figure-out-how-much-pot-people-use-2018-12-07
Just had a look at those options. Wow. Do you think these guys don't know what's going to happen in the future. They are going to be some rich dudes in a couple of years. Most of us will be also. What an opportunity.
Place your bets folks. https://fox17online.com/2018/12/07/marlboro-maker-places-2-4-billion-bet-on-marijuana/
we knew it was coming. DP knows it coming. M&A, M&A, M&A.
Humboldt County...Umm I remember seeing a documentary on "Murder Mountain".
I think that was somewhere around Humboldt county. https://www.huffingtonpost.com/high-times/murder-mayhem-marijuana_b_4228303.html
http://www.missingpersonsofamerica.com/2015/03/31/john-doe-humboldt-county/
https://www.northcoastjournal.com/humboldt/the-humboldt-35/Content?oid=7775161
I think they need Magnum P.I up there.
Nice place not to visit. M...O...B you think ?
For the "Seniors" on the board. https://www.nytimes.com/2018/12/07/health/seniors-marijuana-cannabis-pain.html
Rainy night in Georgia. They need Legalize Medical Marijuana tonight ! Do it for the Dawgs . They need it.
LOL you are starting to sound like a "pear-Jammer". Just want 2 dollars huh ? Me too.
Now that was educational. Thanks.