Monday, April 11, 2016 9:47:13 AM
S-3 carnage will be the dominant force here for the foreseeable future.
The recent news made for a cakewalk trade. But as we expected, the details of this merger have painted quite a startling picture insofar as shareholder value is concerned.
Since we first got wind of the costs associated with this merger, it became evident that the whole deal comes at an absolutely horrific cost to shareholders. The scariest thing about it though, was that was our assessment BEFORE this terrible little nugget came to light:
UNBELIEVABLE.
Really happy with our decision to exit completely at .39.
Flip it...but to us, this merger is proof that TRTC is nowhere near investment-worthy at this point.
I'm honestly flabbergasted by the audacity of TRTC...especially considering the company has been battling its image as an "insider enrichment scheme" for years now. Why make it so blatantly official?
Don't be fooled folks. ALWAYS TAKE PROFITS.
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