Wednesday, May 11, 2016 10:21:30 AM
~$50,000,000 deficit and growing.
We'll likely surpass the $55MM deficit level on the coming earnings report.
Sad thing is, even if TRTC manages to pull some outlandish magic trick and generate a profit in the next few years (not happening), they've already agreed to give away 50% of it to an unaffiliated holding company for reasons shareholders don't even know.
It sounds crazy because it is crazy. TRTC will be GIVING AWAY 50% of the profits to an outside company that is totally unrelated to shareholders.
This kind of audacity and general disregard for shareholder value is why so many people stay away from this stock...and reasonably so.
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