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Re: A deleted message

Tuesday, 09/30/2014 12:41:52 AM

Tuesday, September 30, 2014 12:41:52 AM

Post# of 112680
You really must be smart, because I can't figure out how TRT$ could ever profit by a dime. Sure you got Derek pumping his company and getting the word out on his great company. But their latest quarterly report was pretty dismal especially since it shows how much private placement is needed to keep that company alive.
FROM AUG 13, 2014 QUARTERLY FOR TRT$

The Company's business operations generally have been financed by debt investments through promissory notes with accredited investors and equity investments in the common stock of the Company by accredited investors. During the three months of 2014, the Company obtained new debt from the issuance of secured promissory notes that supplied the funds that were needed to finance operations during the reporting period. Such new borrowings resulted in the receipt by the Company of $2,011,710. The Company also issued 6,600,000 shares of common stock for $4,014,919. The Company also received $173,420 from the exercise of warrants. While these funds sufficed to compensate for the negative cash flow from operations they were not sufficient to build up a liquidity reserve. As a result, the Company's financial position at the end of the reporting period showed a working capital deficit of $2,709,894. During the first three months of 2013 the Company obtained new financing sufficient to fund ongoing working capital requirements. We need to continue to raise funds to cover working capital requirements until we are able to raise revenues to a point of positive cash flow.
TOXIC DEBT -Plain & Simple
A Company's Stock Price May Not Always Be An Indicator Of Its Financial Health - EOM
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