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LISTEN TO THE WHOLE DAMN CONFERENCE CALL IF YOU WANT CLARITY. \
If you can't spare the 48 minutes, listen to the last 2 minutes.
DP covers SO many topics... I've never been more confident. $.20 is a GODSEND!
IMO...
~Vintage
Something interesting, IMO, look at the insider selling activity.
http://www.nasdaq.com/symbol/trtc/insider-trades
Hasn't been much activity since early October.
Now I'm just a novice, but I get the feeling that DP and the gang are anticipating a pop on this thing.
Otherwise, why wouldn't you have continued to dump shares in the "run up" to Q3?
And, DP (almost 2 mil), Ken VV (9 mil), and Mike Nahass (33 mil) all still own millions of shares. Why would they want the pps in the teens?
They NEED and WANT the pps north of .25 - .30, so they can continue to dump shares, until their share count is reduced to zero.
THEN, the R/S will occur. Until that happens, I feel pretty good about my position.
Just IMO, good luck to all today. I'm anticipating a nice surprise. IMO.
~Vintage
P.S. The use of "IMO" means "in my opinion" and should not be interpreted as fact. None of my comments should be interpreted as trading advice.
I've been loading up since the teens, successfully lowering my average position, and I'm feeling really good about tomorrow's earnings.
I think at $0.21, there is still a ton of upside, so I would hope anyone sitting on the sidelines would gamble on buying in before the close tomorrow.
IMO it's worth it - could be a nice 10-20% pop Friday...
You don't have to guess. The information is right on their website.
Third Quarter 2017 results on Thursday, November 9, 2017 after U.S. markets close.
: )
Isn't NB Plants the decorative flower appendage that TRTC amputated?
When do Q3 earnings release?
I voted No on R/S for the very same reason DJ, up-listing is not imminent - still need rescheduling, banking regs, etc - so no need to approve a reverse in the next 12 months IMO...
Anybody care to add some color?
In regard to my earlier post? Only response I got was from Industry Participant, whose posts I usually appreciate, but the only thing he did was accuse me of being one of the "usual suspects" using an alias, which I did not appreciate.
I'm long and strong on TRTC - been in since 10/16, and on iHub since June, but it seems like this board has really dried up over the last few weeks, and the PPS is depressed despite Q3 earnings coming up in less than 60 days. I'm worried.
Thanks...
Per TRTC 9/25/17 Proxy Materials "RATIFICATION OF THE APPOINTMENT OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM:"
Can anybody add some color to the following statement in bold?
"MGO (Macias, Gini, & O'Connel) has served as independent registered public accounting firm to the Company since November 22, 2016
and is expected to be retained to serve in such capacity in 2017."
"On November 22, 2016 the Company dismissed Tarvaran, Askelson & Company (“TAC”) as the Company’s independent registered public accounting firm."
"The audit reports by TAC on the financial statements of the Company as of and for the years ended December 31, 2015 and December 31, 2014, did not contain an adverse opinion or disclaimer of opinion... except that TAC advised the Company of material weaknesses involving internal controls and procedures related to (i) a lack of a majority of independent members and a lack of a majority of outside directors on the Company’s Board, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; and (ii) inadequate segregation of duties consistent with control objectives."
Seems like the prior firm TAC made some recommendations that would address some internal issues, particularly those associated with company oversight, controls, and segregation of duties - which those familiar with those concepts would agree are all mandatory when trying to operate ethically and efficiently - then, TAC gets replaced by another firm? I know TRTC recently brought one outside individual on to the board, which somewhat addresses one issue, but anyone else care to comment on the optics of all this? Because it just doesn't look right to me...
IMHO
5 Reasons I Don't Agree With You:
1) I actually just spent like 15 minutes writing my previous post. No cut and paste here, except directly from the proxy.
2) I only own one "handle" on iHub.
3) I understand there are a lot of ppl on here that have multiple identities, but I'm not one of them.
4) I usually appreciate your insight IP, so I hate to let you down on this one.
5) I'm just a small fish, a long and strong TRTC stockholder, just trying to get some insight, as I attempt to do my own DD and filter through the BS in this forum.
Per TRTC 9/25/17 Proxy Materials "RATIFICATION OF THE APPOINTMENT OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM:"
Can anybody add some color to the following statement in bold?
"MGO (Macias, Gini, & O'Connel) has served as independent registered public accounting firm to the Company since November 22, 2016
and is expected to be retained to serve in such capacity in 2017."
"On November 22, 2016 the Company dismissed Tarvaran, Askelson & Company (“TAC”) as the Company’s independent registered public accounting firm."
"The audit reports by TAC on the financial statements of the Company as of and for the years ended December 31, 2015 and December 31, 2014, did not contain an adverse opinion or disclaimer of opinion... except that TAC advised the Company of material weaknesses involving internal controls and procedures related to (i) a lack of a majority of independent members and a lack of a majority of outside directors on the Company’s Board, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; and (ii) inadequate segregation of duties consistent with control objectives."
Seems like the prior firm TAC made some recommendations that would address some internal issues, particularly those associated with company oversight, controls, and segregation of duties - which those familiar with those concepts would agree are all mandatory when trying to operate ethically and efficiently - then, TAC gets replaced by another firm? I know TRTC recently brought one outside individual on to the board, which somewhat addresses one issue, but anyone else care to comment on the optics of all this? Because it just doesn't look right to me...
IMHO
Huge news! TRTC will have the IP for any Cannabis-infused papers? Whaa?? Cha-ching!! $$TRTC
http://www.terratechcorp.com/news-media/press-releases/detail/202/terra-tech-corp-files-provisional-patent-application-for
1:5 Split or Less, IMO
Get the float to about 200Mil O/S,
PPS goes from $0.25 to $1.50+,
100k shares @ $25,000 after R/S equal 20,000 shares @ $30,000+,
I'm not worried.
Lot's of new faces around here, pushing historical agendas.
*curious emoji*
DP in regard to R/S:
R/S only to up-list d/t PPS requirements. BUT, until some federal softening of regulation towards companies who touch the plants, that is not imminent.
Per DP on Investors COnference -
"Hopefully you'll see next week for Q2 earnings that we're walking the talk.."
https://www.sec.gov/Archives/edgar/data/1451512/000147793217003537/trtc_ex314.htm
"With this issue resolved, shareholders no longer need to worry being disproportionately impacted in the event the company were to do a reverse split in the future, which CEO Derek Peterson has continually suggested that the company would do only in conjunction with a move to a higher trading exchange."
Most of the insider selling happens around the same time every year - March/ April. It's the nature of the INDUSTRY. It's hard to take a salary from a business that is still technically ILLEGAL under federal law and risk having everything taken. There are several reasons, including tax ramifications. Not a "red flag" IMHO
Perfect cup and handle forming.
Just look at the chart since April. Widely know to be a bullish sentiment.
Shorters and market manipulators continue to bash and try to drive the price down further, thank you.
I'm continuing to buy all the cheapies. They're hoarding too.
They can continue to squeeze a few hundred/ thousand bucks where they can.
While I sit back, relax, and gaze further across the horizon at millions.
Enjoy the weekend. As soon as we get some sort of an announcement, this thing will gap wider than your wife's you know what.
Spicer resigning. White House shakeup coming. Sessions and his Cannabis Committee just going through the motions.
Don't believe the doomsdayers! Long and Strong...
... that's what she said.
*8 days in a row
*8 steps forward, 1 step back.
Long and strong, just a blip in the radar. Not worried about those pumping and dumping for sneaker money.
The train has already left the station, but we're going to make a few stops along the way... Don't miss your opportunity to get on!
In a month or two from now you'll be saying, "Damn, I wish I got in for $0.25." LOL
IMO
Check this out! Blum lines around the block! Great presser...
Midnight Marijuana
Make sure you read and scroll through the pics. BIG THINGS HAPPENING RIGHT BEFORE OUR EYES!
I'm pretty stoked. Good luck and congrats to everyone who got in recently.
"IMHO"
Absolutely preposterous to think that the police will waste their time chasing down people smoking joints in the street. Nor will the legal system have the resources to prosecute. If ANYTHING, there will be tickets, similar to a drinking in public charge. However, RARELY do the police enforce those laws. AND as mentioned previously, there are numerous ways to medicate, without the smell - oils, vapes, edibles, etc...
I'm speaking from experience. I was in Aspen back in November, and there are probably about 10 dispensaries within a 1 mile radius. People were smoking everywhere in public, in their cars, on the trail, EVERYWHERE. And there are police on foot walking around EVERYWHERE. NOBODY CARES! Once it's legal, you can't stop it. Please stop trying to misinform and scare people! LMAO
I understand there are 60 minutes in an hour. Thanks for the reminder.
So let's do some rough math based on a 12-hour business day, and 80 customers per hour (which BLUM can probably service double this number per hour anyways). There are multiple POS machines in each location.
80 customers per hour x $100 average ticket = $8,000 sales per hour
$8,000 x 12 business hours = $96,000 per day
$96,000 x 5 dispensaries = $480,000 per day
$480,000 x 365 = $175,000,000 per year.
And that's just being conservative. Let's assume they're closed holidays, and sales may fluctuate. REGARDLESS, we're still talking MASSIVE, MASSIVE numbers here...
Let's be hypothetical -- IF the claims are 100% correct -- TRTC needs $200k per day, per dispensary just to break even -- by doing some rough calculations, they could theoretically hit that number simply if they can average 80 customers per hour, and average $100 per transaction (which is definitely realistic - because some will spend only $50, but many will spend well beyond that). If you've ever purchased from a dispensary yourself, you would know how easy it is to spend $100. You need the herb, oil, wax, shatters, etc. PLUS you need the paraphernalia to smoke it with. VERY realistic $100 per ticket average.
Now, we know that's based on a 24/7, 365 operation which is not realistic. However, IF they were able to achieve that, you're looking at revenues in excess of $3.5 BILLION -- Even if they are able to achieve half that -- Even a fraction of that, we're looking at massive, massive revenue totals...
choo choo! all aboard baby
I will ride this thing to the ground and in to the grave, before I succumb to your doomsday theories and sell at $0.168...
We need a "like" button on this board..
Triple post
Double post
That article doesn't answer my original question. Rather, it attempts to speculate or "conclude," what a R/S would mean because "repeated efforts to learn directly from the company were ignored, leaving us to conclude that the answer is the obvious one: Insider enrichment."
However, the website you linked to did post a follow up article Terra Tech Rescinds Reverse-Split Proposal -- so what's up with that?
Further, a disclaimer on this sourced website found HERE, discloses that they accept "compensation" from numerous cannabis-related companies -- none of which are TRTC. Which might lead me to conclude that this is some sort of witch hunt or smear campaign against TRTC. Just saying.
Forgive my naiveté, but how would a R/S "destroy the common shareholders?"
My understanding is that besides create an air of negativity surrounding the company (because a R/S is generally perceived as a negative sentiment), it does nothing to diminish the actual intrinsic value of the stock one owns.
For example, if I own 5000 shares @ $0.20 PPS, and after a 1 for 5 split, I own 1000 shares @ $1.00, I still have $1000 worth of stock.
Can someone please elaborate on this concept, or explain why this keeps coming up in all the doomsday theories?
TIA