InvestorsHub Logo
Followers 738
Posts 76153
Boards Moderated 0
Alias Born 01/01/2012

Re: Calbs02 post# 84167

Thursday, 10/30/2014 8:02:06 PM

Thursday, October 30, 2014 8:02:06 PM

Post# of 290030
Peterson has been in business with TRTC for many years under various names and he has never been profitable.

I don't see financials were the Cost of Goods Sold is greater than the revenue that is generated.

TRTC lost over $9 million in the 2nd quarter.

Their financing activities are out of control - they are living off of borrowed money.

When you see entries like the following:

Proceeds from issuance of notes payable $3,721,053

for a quarter you know there is some serious problems.

Convertible notes - how insiders enrich themselves.

IG

It's easier to fool people than to convince them that they have been fooled