Blum Holdings Inc (BLMH)

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100% FACTUAL INFORMATION!

The insider selling started with a filing dated Dec 13, informing that TRTC treasurer, secretary and beneficial owner Amy Almeister dumped a 253 thousand shares on the market last Wednesday. This was followed by another couple of Form 4 filings, this time submitted by directors Ken and Steve VandeVrede. The two collectively sold 150 thousand shares on the open market. The VandeVredes were not as quick as Ms Almeister and did not manage to cash their shares above the $0.30 mark.

While CEO Derek Peterson stated multiple times in the past that TRTC officers and executives were not getting cash compensations and needed a source of income, this is no longer the case. The company's latest quarterly lists $2.06 million dollars paid out to 'officers and employees, who now receive a salary' in addition to any stock-based compensation. Considering this figure, selling should not have been caused by any day-to-day needs.

The company still has a relatively long wait ahead before it can announce that construction work has commenced on any of its proposed marijuana facilities with final approvals still pending.

Terra Tech Corp (OTCMKTS:TRTC) major shareholder Amy Almsteier unloaded 196,500 shares of the stock on the open market in a transaction dated Thursday, December 18th. The shares were sold at an average price of $0.30, for a total transaction of $58,950.00. Following the transaction, the insider now directly owns 2,171,078 shares of the company’s stock, valued at approximately $651,323. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.