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Sunday, February 28, 2016 2:58:00 PM
Originally posted on 1/12/16
Revenue is nice but today is really about the confidence Blum Oakland owners have placed in TRTC.
The Blum Oak owners are putting all of their eggs in the TRTC basket.
Their cash cow is sold for.... TRTC shares?!?!?
90% TRTC shares and only 10% cash!
What kind of signal does this send to the market?
What kind of signal does this send to other dispensaries that are acquistion targets?
What kind of signal does this send to investors who will now feel comfortable buying private placements?
If the CEO of TRTC is going all in on TRTC, and so are all of the other owners of Blum Oakland, why wouldn't you?
Magna will now be unnecessary.
Dominion's debt will be zero by end of February and once the Blum Oakland deal is closed, private placements can now take place
No more float dilution from financing for the remainder of this year, which has previously been the biggest impediment to the share price.
Wake up people!
The meaning of today's transaction is more important than the actual transaction.
The future of TRTC is now secure.
Nasdaq is coming in July 2016.
Why else would anybody give up $21M for shares in a 10 cent penny stock?
Wake up!
Sleek
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