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Friday, August 22, 2014 5:54:23 PM
All of my EXTREMELY valuable due diligence and scathing information from Canadian hedge funds tells me that Terra Tech Corp. with it's bankrupt CEO and director(s) have a .0001% chance of being approved for a cultivation and production facility in Nevada, but zero chance for a dispensary. Dhar Mann will defeat Derek Peterson in December at court with a stronger legal team and business acumen which will be the reason Derek Peterson decides to kneel down and kiss the ring at the November settlement hearing where Dhar Mann will demand to be compensated for his 40% ownership in what is Terra Tech Corp. today. In my opinion it's a slam dunk case for Dhar Mann which explains why the SEC files on the case are stated as:
On March 29, 2011, Dhar Mann and WeGrow Garden Supply LLC filed an Individual and Corporate Complaint in the Superior Court of the State of California, Alameda County, File No. RG11568327 (the “Dhar Mann Complaint”), against GrowOp Technology alleging, among other things, that Mr. Mann is a 37.5% owner of GrowOp Technology and claiming damages of approximately $2,200,000 in connection with a purported agreement to sell Mr. Mann shares of common stock of GrowOp Technology equal to 37.5% ownership in GrowOp Technology. The Dhar Mann Complaint is also seeking an order from the court prohibiting GrowOp Technology from selling any additional securities or becoming a public company. GrowOp Technology denies, among other things in the Dhar Mann Complaint, the existence of a purported agreement to sell Mr. Mann shares of common stock of GrowOp Technology amounting to 37.5% ownership in GrowOp Technology or the damages owed. The trial has been set for December 2014. To date, the parties have not exchanged discovery.
We do not believe Mr. Mann will be successful and intend to defend this lawsuit vigorously. However, if Mr. Mann is successful, any damages we may have to pay that are awarded to Mr. Mann will have a material adverse effect on our business, financial condition, operating results.
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