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I thought the legalization of MJ in the 6th largest economy in the world in which we do our business would have been grounds for an "event." At least, such an event that would follow an anticipatory SP run-up, with which one could finallllllly get rid of their long-help red shares, seeing as they might have just briefly turned black.
I have no doubt that MJ will one day be legal all over. But that doesn't help me and my money now. And I suspect it won't help it anytime soon. And that long time away means there is a lot of time to have to to watch these Form 4s decimate any SP rise, watch the share count rise and rise towards the inevitable and necessary reverse-split.
Still. If I've held this much for this long, I'll do so for another 1.5 years. But the whole thing just sucks.
I have been patiently holding and averaging down for over a year. Probably closer to 1.5 years.
I have one question: IS THIS REALLY HAPPENING? Everything we've been waiting for, long and short alike, seems to be a complete non-event? Although, that would then turn into a dump-event because everyone will see that it not going to be an event?
How is this even possible. I am so dejected. I used money I had in Canadian tickers to average this down. I had plans to buy Bitcoinin February. Chose to stick with TRTC instead.
Two weeks before Cali rec and our leadership are dumping hundreds of thousands of shares and the shareprice is plummeting from a "high" 0.27.
I truly just cannot believe this.
Me too. I haven't posted in a long time due it becoming maddeningly infuriating...but I've still checked this board every single day.
I added here and there all the way down to 0.14. Despite all the hurt has subjected us to with questionable moves and motives, I guess I've just never been able to shake the emotional connection and belief in the bigger picture. For better or worse.
I've got 45,000 shares with an average of 0.29. I've no doubt it will get there and stay there eventually. I'm excited to break even! Honestly, I thought it was a day that might just never come.
I know a shake out and I know pumpers pleading for others to stay while they're running out that door.
Either way, not selling till mid 2017 no matter what. Doesn't change the darkness surrounding TRTC.
This stock is cursed. It will always be just one of the pot stocks that run on hype and it's operations serve to only REMOVE potential for hype because the more we actually know, the less opportunity there is for rampant speculation.
And unfortunately, much of the things we DO know continue to relate to lost money and insane insider compensation.
I have not sold. But I pretty much lost all my potential profit. If this dumpage continues, I'll be in the red and holding the bag. Again.
I will hold till mid 2017...because now I have too. But how can anyone in their right mind think about buying this stock when the greatest news ever to take place for MJ results in carnage?
WOW. Just ******* wow.
All this time, all this money, all this hope. F TRTC, F Derek, and F the OTC.
I don't want to start getting all angry again like the last time I got had on TRTC back in 2014, but if the legalization of recreational MJ in the two states we are primarily operating leads a a decent dump of PPS, what in earnings could possibly move this stock to the positive? But, like you said, hard to rationalize or predict anything here.
Great. I thought I saw a path to escape this cesspool. MJ votes would pass, stocks would understandably pop for a little run, I could sell for a modest profit and move on from this too-stressful-to-be-worth-it OTC world.
But no. Why? No clue. All I know is, I now am locked into holding who knows how long. Mid-2018? And I'll get to enjoy all the misinformation and bashing and DP shady moves and PPS plunges and explosions along the way.
Great.
What in the actual F is going on here?
Been waiting along for this!
Woooo!
Today played out exactly as expected. And now we hope.
If it's Yes in California and No in Nevada, I don't know for sure what to expect but I wouldn't be surprised if that results in a decent amount of red, due to the fickleness of shareholders.
If it's yes and yes...I don't see how it can be anything but up and up. I want to say (conservatively)...20% green?
I don't, unless there are some pre-signals as to the outcome of Nevada.
Everyone is on the sidelines, waiting the for that signal that sets off the explosion: Yea or Nay.
I'd wager that we either hover around 0.50 all day or close a little down as people tend to be more risk-averse, IMO.
TRTC is THE public MJ name in the two most talked about votes. DP has been quoted and featured in numerous media the last week because he IS the go-to spokesman for MJ.
There is no other publically available company as invested in Nevada and California MJ as TRTC.
At some point in the future, TRTC will have:
- Four Nevada dispensaries, (two in the THE MOST VISITED city in the United States) 2 cultivation and 2 processing sites
- 2 dispensaries in California, the 6th largest economy in the world (and full of pot smokers)
- A burgeoning brand, IVXX, sold in numerous dispensaries in...THE MOST VISITED city in the United States and the 6th largest economy in the world!!
Looks like people feel pretty good about TRTC's chances tomorrow, if today's PPS is any indication.
I guess it's aiight to cheer after the last week...
WOOOO! Go TRTC.
You never know with these guys.
The same could be said the other way, that should good things happen on Nov. 8 and 9, might as well use that strength to dump the bad news into so that the net effect is just par for the course. That's what some say they've done with virtually the entire Green Rush, diluting into the strength.
Anyways, does really have any idea about TRTC finances nowadays? Dp did give positive revenue projections last time but I haven't heard boo about IVXX or pre-filled cartridges or Blum busyness or anything in ages. Also, have no idea what to expect in losses. Probably lots more if we are just to extrapolate based on past performance.
It is quite obvious this is the end of Green Rush 2.0. It wasn't as good for us as many others.
All weed stocks are down and they'll continue to go down. The question is, will people ever be able to differentiate the real TRTC, which has properties and products and staffs and revenue and plans, from the dime a dozen "consulting" or "packaging" companies? Or will they just see yet another risky/scammy pot stock that was all green for far to long and now is red and will continue to be red, as it should be...
My hope is that Nevada will pass and those with bigger wallets will be able to see what that means and buy a TRTC share or two.
The ol "1-3% for two hours in the morning and then slow bleed for the rest of the day" trick. Tiresome.
Hopefully we can get into Tuesday above 0.40. And oh ya, hopefully Nevada will legalize recreational marijuana in the state that TRTC has 4 dispensaries and licenses for 4 other MJ sites.
Please Mj gawds, please.
It's pretty clear that everyone believes (knows) that the success of TRTC rests solely on the passing of rec. MJ in Nevada.
Unfortunately, there will be no run-up before Nov. 8. Probably, a few risk-averse will exit beforehand.
Personally, I'm up a bit from the 0.25 area so I'll hold through the vote and hope for the best! Otherwise, I have a little cushion to be able dump after should Nevada not pass. I guess getting out even is better than the alternative.
Here is a new DP-quote article with a couple of good points:
http://www.pbs.org/newshour/rundown/nevada-marijuana-ballot-legal/
- Nevada’s ballot initiative would not allow municipalities to put blanket bans on marijuana, as Colorado does.
- It effectively blocks people from growing their own by banning the practice within 25 miles of a licensed marijuana store.
Who knows. Dilution? A perfect mix of realness and shadiness that both keeps the systemic pump and dumpers away but also the bigger and more legitimate investors?
It sucks to have been wrong about the impact November would have on TRTC.
What a disappointment. Here I am snubbing my nose at these other U.S. MJ stocks because they are all surely scams...yet they just continue to go up and up. Here is TRTC, with all their tangibleness...languishing.
All I can hope for now is a 50/50 roll of the dice on a Nevada yes. Even if that happens, will not be surprised if what one would think would be incredible news results in absolutely nothing.
Go TRTC.
"In 2018, TRTC will be a leader in recreational MJ across multiple states in the U.S..."
--Neesh
Open the following link and read every link that is posted there and then go google "marijuana" and "USA" and then read everything.
http://www.terratechcorp.com/
Case closed.
Need to repost some points!
Some write (many, many many times) "On Feb 9th 2016 Washoe County Commission directed staff to draft an ordinance that would not allow recreation marijuana to be sold in Medical Marijuana dispensaries in Washoe County."
These are facts:
- That text does not appear in the minutes even though it is presented as if it were
- no ordinance has been created
- this article contradicts the implication of the quoted comments above
https://www.newsreview.com/reno/hazy-future/content?oid=20072464
Um, I do believe TRTC is up over 7% today. I am not complaining. And shareholders of REAL stocks buy them for future value and growth potential, which TRTC has a fair amount of. That is what drive PPS.
Do you think the current holders of Canadian MJ stocks said last year "profitability for these companies are so far off and Canada won't even legalize until mid-2017 duuuh."
Nope they didn't and they (me) are feeling just fine about it.
FUTURE POTENTIAL AND GROWTH.
Yes yes, we've all seen that doc that you've posted over and over. Any updates on that ordinance, hmm?
Because this article from 9 days later says no action was taken. And the commission comments seem rather positive.
https://www.newsreview.com/reno/hazy-future/content?oid=20072464
Please let us know of the outcome and show us the ordinance.
Oh, and the text YOU wrote does not appear in that PDF. It is actually a complete misrepresentation of what that Agenda 15 says. So, yah, you should keep writing IMHO over and over again.
- Please provide proof of the ordinance that was created on Feb. 9, otherwise, it is just IYHO and your statement about you posting facts will be proven false
- Please outline the 90% shareholder funding budget that you purport to have access to
Thanks in advance!
And I agree with you. I just thought shareholders need to realize the massive head start TRTC will have in Nevada should rec. pass.
Also, how that article seems to confirm that dispensaries will be the vehicle for rec. MJ despite what you and others have consistently implied
IMHO IMHO IMHO IMHO IMHO IMHO IMHO
"For the first 18 months after the recreational marijuana question goes into law, current medical marijuana state registration certificate holders (dispensary owners) would have dibs on building new facilities for recreational marijuana. That includes new dispensaries, cultivation and testing facilities as well as manufacturing facilities for products like bongs, bubblers and pipes.
After that, the general public would be able to join the industry with their own facilities. But the Nevada Department of Taxation, which is overseeing and regulating the proposed marijuana project, wouldn’t be handing out licenses like candy, either. Licenses would be limited by county, based on population.
That all sounds to me like TRTC is positioned pretty well for what's to come if recreation passes!
Ya, I'm one of em, sheesh.
Not selling. Held thing long so will stick 'er out past November for better or worse.
But I'm already disappointed and preparing for more.
Dear gawd what the hell is going on here?
California is going to pass easily. And looks like Nevada is going to pass too:
https://ballotpedia.org/Nevada_Marijuana_Legalization,_Question_2_(2016)#Polls
This, right now, is not what I expected or hoped. But I've been holding since 0.23 and I will hold strong right through to mid November for sure, probably longer. In fact, I bought a little more today. Just $2500 CAD, but whatever. Remembering how it went up like 80% in two days before, I'm hoping it will soon be $4500.
GL.
This company PRs about how they are "preparing to break ground" and how it is a "Licensed Producer Applicant,"...they are obviously grasping at any tenuous thing they can to PR/pump the stock. And it seems to be working. And pretty nice jump today on super low volume. That has manipulated pump all over it.
What have they been doing at Experion for the last 3 years?? No, just now during Green Rush 2.0 they are fast-tracking the requirements to "continue the licensing process." How convenient!
Really, how one can read PRs like these--filled with typos and other grammatical errors, and essentially just making euphemistic blanket statements of no worth--and not get nervous...I do not know.
Nice type from the PR:
Gotta say, this is very disappointing. Geez, I expected some run action, at least steady and incrementally, to have begun. Not breaking through support levels.
And last I read about Nevada polls, things were hovering below 50%. Not good.
That being said, I've been holding this long and will continue to do so no matter what. Go California.
Those and all the rest of their ilk are pump and dumps and while they certainly may make you some money if your are into trading P&Ds, eventually the rug is gonna get pulled out on them hard.
This is a real company and when the big money starts flowing due to not only decreases risk, but confirmation that an MJ future is guaranteed for all the USA eventually(California going legal ensures this), they'll all flow here: A REAL company with REAL product and services. Not to your tricky P&Ds.
Just curious how any testing ventures here in Canada would be any different from the testing ventures they had in Washington, which are...actually I have no idea what happened to that. I assumed just disappeared into oblivion.
On an unrelated note, I looked at Brazos Minshew's LinkedIn the other day and within 5 minutes he had looked at mine and then sent me an invitation request (which I declined). So, he's THAT guy.
It went up over 100% in 6 trading days in March. It went up 100% in two trading days in January. It went up over 100% in 11 trading days April.
So, the stock definitely moves. I guess you aren't hitting your trading targets very well? It really depends on your outlook/plan because the stock certainly moves. It was 0.09 in December. Are you saying that the 0.30's (300% higher) is not a solid base?
You've been here long enough that you shouldn't be surprised of the various trading forces that affect this stock: daytraders, MMs, short attacks, the insider activity from the cronies...don't act all surprised.
Bottom line: The most industry changing vote in the history of US MJ is 20 trading days away. Do you really think. This thing. Will still be in the 0.40's then? Because I think you will be pleasantly surprised at that point.
Ouch, this hurt today. Damn, things move quick!
But I've been holding since 0.24's and I'm holding right through til Nov. 9.
There was sector-wide flash crash on Canadian pot stocks yesterday where virtually all the main players retreated 10 to 20% from the day high, and all within a tight timeframe at the end of the day. One was even halted as the drop was so quick, it tripped a safety switch.
They are all right back today. I think (hope) it will be same for us. If not Monday, then certainly afterward leading up to November.
Fair enough. GL.
I do think there will always be some homegrowers but when the market becomes REAL, cheap and accessible, home growers will be a non-issue.
Who will go through the time, effort and expense when amazing selection of high-quality (and probably increasingly cheaper) products is available just down the street?
I think of it like the constant threat we hear about "cutting the cable cord." I tried it. It takes way to long to try and deal with, the quality is nowhere near as good as my cable and nowhere near as convenient. And yah, here in Canada at least, the cable companies' stock charts look like a ladder to heaven in the face of "the end of cable."