Blum Holdings Inc (BLMH)

[I-Glow]

Interesting article from Seeking Alpha about TRTC. What is funny is that if the article was updated it would be much worse today.

As it doesn't discuss the $2 million compensation/bonuses for the insiders - or the dumping of shares by same insiders and Amy using the name Oppedisano when applying for a dispensary permit in Nevada.

I am certain that when the State of Nevada reviews all of the past transgressions of Peterson and Almsteier/Oppedisano they will never be granted a license.

http://seekingalpha.com/article/2256753-terra-tech-a-natural-born-capital-killer

Some of the highlights are the following:

Thomas Puzzo (attorney) has a long history of providing shells to scam companies. TRTC was built to be a promotion. (I have the exact same thoughts - Puzzo has a long list of promoted shells in his past).

Derek Peterson and his wife (Amy Almsteier, Treasurer) have been charged with accepting illegally issued securities and selling these shares. How will this effect the state of Nevada when issuing license - I suspect it will have a impact.

Derek Peterson, CEO, and Michael Nahass, Director, have both individually filed for bankruptcy in the past four years. (again, what impact will this have on the license from Nevada. Plus, I love how a few think Peterson is so brilliant - but he can't keep his personal finances in order - but is supposed to guide a public company).

Here is one of my favorites from the article.

Perhaps TRTC got tired of operating through other parties or perhaps they got lazy, but essentially they started to pay SmallCapVoice, another prominent stock promoter, directly. Over the next 15 months, TRTC compensated SmallCapVoice over $90,000 in cash and 450,000 shares of restricted stock. Not to be out done, Red Brick Media shows up again in February of 2013, by spending a whopping $550,000 on a promotion campaign managed by Capital Financial Media.

Certain sign of a share selling scheme is a paid promotion - I checked the disclaimer from SCV and found the following:

TRTC: Small Cap Voice received five thousand dollars from the company on 1-18-13 for 30 days of service. On 3-1-13 Small Cap Voice signed a 180 day agreement for $2500 per month and 100,000 restricted shares subject to Rule 144 of the Securities Act of 1933 for the six month term. On 3/26/13 SmallCapVoice.com received an additional $30,000 from the Company to manage an investor awareness campaign on behalf of TRTC. SmallCapVoice.com, Inc. received cash payment of $14,000 from the Company on 5/29/13 from the Company to manage an investor awareness campaign on behalf of TRTC. On 9-1-13 Small Cap Voice signed a 180 day agreement for $2500 per month and 200,000 restricted shares subject to Rule 144 of the Securities Act of 1933 for the six month term. On 12-10-13 Small Cap Voice received an additional cash budget of $10,000 to hire additional groups for awareness campaign. On 4-1-14 Small Cap Voice signed a one year agreement for 150,000 restricted shares subject to Rule 144 of the Securities Act of 1933.

This is unbelievable - has Peterson ever addressed the issue of a paid promotion?

IG