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You should have taken the time to talk with Craig Eastwood as I did. They are aware of everything that is out there for all to consider but to be fair to TRTC and GLDFF they are trying to approach the due diligence with an open mind and have absolutely committed to doing what is best for the shareholders of GLDFF. They have more information then we do and they are committed to doing the most thorough job before making a decision.
I think that GLDFF management wants to see if the pipeline materializes and is what it is purported to be. I will trust that if that is the case then time will tell if a merger occurs. Its going to take quite some time for everything to happen so I am keeping an open mind and not blowing off an investment for no good reason. GLDFF is still working towards accomplishing what they have been working on so nothing has changed there! If they determine that things do not add up fine. But I also trust that if on the other hand TRTC does have projects come on line and they start to look like they will produce that's fine also. No sense blowing off an investment until all of the facts are in!
If the merger were to go thru it would be because the management of GLDFF saw the results that made it acceptable! Also if the merger goes thru the share price will be worth more than the .13 you sold for. Why are you giving advice? I would hate to see someone sell because you said it was best.
Correct if I am wrong but will the Dominion Notes be repaid with the issuance of more common shares? If so I would assume these shares will be resold as soon as possible.
The video must have been done a few days ago. They need more info like this to let our shareholders realize why GLDFF is a good investment.
Unfortunately TRTC needs cash desperately! TRTC needs the deal not GLDFF!
I had a great conversation with our CFO. He was very forthcoming and reassuring that the management team will only do what is in the best interest of the GLDFF shareholders. I did ask that they put out information on a regular basis while the merger goes through the Due Diligence which he said he would do. He also has the same opinion on it taking a lot longer for the Federal Government to legalize recreational pot so that is really not their focus. They are working very hard to get The Nevada Department of Revenue to finish their approval process so the Tahoe Acquisition can be completed. Tahoe Hydroponics teamed up with GLDFF because of our diverse product line. There is work going on now while waiting for approval so they see I believe 2nd Qt when things will be in full operation. The Due Diligence will take quite some time. they want to see TRTC's assets come on line begin to perform, see how the Dominion Note payable is handled and of course see 4th and 1st Qt 10Qs Obviously both share prices have suffered and so everything is up for negotiation if and when that time comes. It is a NON-BINDING LOI and GLDFF can withdraw if it is not a good deal for its shareholders. It also has to be approved by the Board of Directors and they also will not approve if the deal is not the right deal. Time to let events play out and for shareholders to decide for themselves if it is time to buy or sell.I am always very impressed with this teams honesty and for their commitment to use our assets and their time in the best interest of its shareholders.
So pick any year and tell me one that produced a profit. It will be interesting to see the TRTC's cash position ( or lack of) by the end of 4th Qt. TRTC lost $7 million from operations 3rd Qt and expectations are the same for 4th Qt. I wonder if the color Pink is about to enter the picture?
It is a shame you can't post about profits, market share, return on investment. Not one of these has anything to do with TRTC.
GLDFF management is fully aware of where both company's share prices are and both are way down. You were 3.00 in June and now fluctuating between !.00 and 1.20 GLDFF management is also aware of TRTC's poor asset performance and debt repayment issues with Dominion in Dec and Feb. This is still and will be for a few months under due diligence. I understand they will start to update our shareholders as to the status of their due diligence very shortly. They also expect Tahoe to get final approval from Nevada Department of Revenue very soon. GLDFF management is continuing work on a # of company projects and the merger is only one project that they are working on. I feel confident that our CEO and CFO will make the final decision based on what the #s are when that time arrives.
Let me clear. I have a large # of shares in GLDFF. I have been a good supported all along. I have been on record as stating it will take 12-18 months for GLDFF to be a tremendous investment. I am good with that as this is not a source of income for me. I am against a merger with a company whose CEO somehow got $500,000 in Restricted Stock just for revealing a pump and dump scheme. The CSE's main concern is protecting the interest of shareholders. If a payment of $5000 was received perhaps it would be less of an issue. Not $500,000! That kind of payoff should have resulted in real prosecution and the CSE is not going to consider that a minor offense. If the TRTC managment wanted to act in the best interest of its shareholders they would walk away, let GLDFF management take over and try to make something of the assets. With this said I do not believe even this is worth the effort! Between the assets being under performing, the amount of debt the company has and the lack of cash on hand why would anyone even try to move ahead with a merger of TRTC!
Until the merger blows up and unless you need to sell it doesn't matter. This cannot get listed on the CSE so this merger is either DOA or the start of GLDFF doing the deal they should. The only company that has to do this deal is TRTC.
Thank you for your reply I was hoping you would! Your strategy must include destroying the share price of TRTC! According to the Listing Requirements of the CSE, if any of the requirements are not able to be met because it involves specific actions attributed to members of it's current management team that violate the requirements there is a remedy. Those members of the management team would have to have their relationship severed in order for the company to be listed on the CSE. What is the chance that the current members of TRTC's management would agree to be terminated for the good of the TRTC and GLDGG Shareholders?
A good reminder of why we made the decision to buy into a great business plan. We have been very supportive of our CEO but feel the idea of a merger with TRTC is not a good idea. It is only a non-binding Letter of Intent. The requirement to list on the CSE was our get out of deal card.
Key Words Here: Assuming,Should,Safe assumption,Planned post merger and Do the companies plan. Not one fact all projected narrative that has no concrete action taken only an attempt to make viewer think they have a plan.
This is not about profits! This is about asserting our rights to not have to partner with individuals that are about to become our management. No way! There are absolute issues here that are supported with public documents. I also want our management team to do right by our shareholders and will only be able to do so if they have the information they need.
Thanks Priceless!
no call just sending info
Wrong again. I have so little respect for you management team and your company's lack of ability that it makes me delve into areas one normally would not ever have to even consider. Its' worth looking at each person on their management team and actually see what track record they bring to the table. Seems to me it was noted in an article that many of this team had prior employment with companies that wiped out shareholders. Blame me for trying to help. I do not call our people as you purport.
Our management team can do whatever analysis they need. The fact remains 1- it was always non-binding and 2- the requirements to list on the CSE insure only a decent partner could make the grade. They covered their rear end and now TRTC's bad #s exposes their rear ends. There are so many better fits for GLDFF than this merger has to offer.
Should be the year but it won't! Last dozen or so trades made $100-200 a deal.No support. Volume very low.
Total Garbage! More junk analysis. We value our team and will make every effort to get off this sinking ship!
Total false statement. Never was that ever proposed. Just a narrative to make it seem like a good plan was in place. Even if your CEO and CFO were out of the picture the structure is not worth the effort with all the toxic debt and poor use of assets.
That is what was stated. All of this is nonsense because it is not going anywhere. I would just like to see our team end this now so our shareholders do not suffer any further. This whole merger was a disaster from the start. TRTC CEO had to know how bad 3rd Qt 10Q was going to be. He needed to deflect the company's lousy performance and so he used the merger for that purpose. What should have been done was get TRTC's assets performing as they continually insist are going to happen any minute now. Get the Dominion notes behind them. Build up their cash a little and start producing some pot. GLDFF was wrong to negotiate before Tahoe Acquisition was complete. Tried with a weak hand to do this and should have waiting for a stronger hand to play. Total misplays all around.
Let me remind you 3rd Qt 10Q $7+ million dollar loss from operations. CEO states 4th Qt to be similar. Only Cannabis Company in sector to have lower revenues for same period last 3rQt 2017 by -33% Note payable (2) due Dec and Fed for a total of $8 million to Dominion which are convertible so most likely will be paid with stock issue further diluting common stock .
Its going to be a long two days till Monday's start of trading. I kept my shares and glad I did!
So many good things it had a decrease of -33% net revenue from 3rd Qt a year ago. Stop it your killing me! TRTC needs to regroup I think its called Chapter 11 Finished 2nd Qt with 3.5 million cash on hand. Dominion Note Payables due Dec and Feb for 8 Million. They just lost 7 million from operations 3rd Qt. Can't wait to see the improvement for 4th Qt. GLDFF increased it revenues for 3rd Qt as did every other Cannabis company in the sector some with outstanding increases.
You said he was paid with stolen money. It was stolen alright from the shareholders. What kind of statement is that?
It was paid back as part of the settlement agreement. If there had not been a bankruptcy it would not have been returned to the IEAM Shareholders. The CSE has been provided with the Bankruptcy documents and the Settlement agreement. No cut and paste. They are public documents. How does someone walk in to the office of a CEO informs that CEO about two employees running a pump and dump scheme and then walk out with $500,000 shares of stock?
It was illegal to receive any compensation He performed no bonified services for this payment. He agreed to a settlement to avoid any further proceedings. When you violate Securities Law and agree to a Settlement it will be a consideration from the CSE to deny a stock to be listed unless the person or persons (now wife Amy) are removed from the company. Persons who are shown to have been involved with companies that have caused harm to shareholders will be required to be removed before the company could be listed.
Whistle blowers do not get $500,000 in Restricted Stock from the CEO for providing information. This was in violation of S-8 Securities Law. In the Bankruptcy he was name as a defendant and agreed to a settlement that required him to pay back the $500,000 to the shareholders who were wiped out by the bankruptcy.
They have no assets worth a merger. Pick up licenses only. No Brand, no CBD, no good dispensaries. Worst performing Cannabis Company in the entire sector.Only company that had a decrease in Gross Revenues!
You sound upset? I absolutely do not own TRTC but I do own a few shares of GLDFF. I did the proper research and took the time to see what really mattered. GLDFF Shareholders can look forward to a whole different outcome!
Today the Bankruptcy and Settlement agreement were sent to the proper individuals at the CSE. No trolling here, no anti TRTC agenda just the facts. The IEAM bankruptcy was not about the pump and dump it was about 10 individuals named as defendants in a bankruptcy case that defrauded shareholders of 450 million
You might want to check out the requirements to be listed on CSE
Qualifications For Listing on The Canadian Stock Exchange Section 1.8 The exchange will not approve an Issuer for listing if any Related Persons, or investor relations persons associated with the Issuer have been convicted of fraud, breach of fiduciary duty,violations of securities legislation or any other activity that concerns the integrity of conduct unless the Issuer first severs relations with such persons to the satisfaction of the Exchange 1.9- The exchange may not approve an Issuer for listing if any Related Persons, or investor relations person (s) associated with the Issuer (a)have entered into a settlement agreement with a securities regulator or other authority (b) are known to be associated with other offenders,depending on the nature and extent of the relationship and the seriousness of the offense committed or (c)have a consistent record of business failures, particularly failures involving public companies. Unless the Issuer first severs relations with such persons (s) to the satisfaction of the Exchange 1.10 The Exchange may deem any person to be unaccptable to be associated in any manner with a Listed Issuer if the Exchange reasonably believes such association will give rise to investor protector concerns or could bring the Exchange into disrepute. Can't help thinking about the Bankruptcy of IEAM where a settlement was agreed to. In this bankruptcy Shareholderw were wiped out to the tune of $450 Million.
Some of the organizations do not have investigative powers. they look at what is presented and if necessary refer to law enforcement if criminal charges are warranted. Same thing with the CSE. For The CSE it would be an issue if shareholders were defrauded out of company assets and they were wiped out via a bankruptcy. That is exactly what had occurred with the IEAM Bankruptcy. Its one of those things that on the surface looks like nothing happened until you start to really look at it properly. The two men who served prison time were petty criminals compared to the overall picture of what took place.
They may but the truth needs to be understood. It is not posting that drives down our shares. We were doing fine before all this merger nonsense. I do send my info to both CEO and CFO did so today already. We need to get a far better deal if there is a merger and the market has shown this merger is not worth new investors time and money. TRTC was already sharply declining even coming off a 15-1 Reverse Split. Hate to see our share values drop but its no where near the drop their SP have fallen. Its only money. Far better to let it play out but be firm about what is best for GLDFF. William Simpson is a good person and that counts for a lot in my estimation.
Absolute distortion of the situation. We chose GLDFF as an investment. We liked the the path they were on. TRTC has the distinction of being the only Cannibus Company showing a decline in revenue for 3rd Qt 2018. Everyone else showed gains GLDFF showed +63 % TRTC -33 % Only insiders would buy more TRTC stock. Only way you could possibly make any money is if you bought below 1.00 and sold for a little profit.
TRTC is the only company posting a negative revenue growth according to Public Cannabis Revenue Tracker for 3rd Qt 2018