Thank you Btowerman. I really appreciate your compliment. I'm glad that I provide some confidence to others regarding this investment. I credit others on this board for providing me with information on TRTC that I probably wouldn't know otherwise. It has helped me know exactly what I'm investing in and I look at the big picture and it still makes sense to me.
DP said years ago (I can't believe it's been years) that he was not going for a single, he was going for a homerun. I loved that attitude because a homerun opportunity is what I was looking for. If I wanted a single, I would have invested in Disney. It would have been safer than a pot stock.
There can be no denying that TRTC has jumped way out in front of it's competition in terms of building a pot business. They have:
1) Dispensaries
2) Cultivation
3) Production
4) IVXX
5) EG
The bad news is that it's come by diluting the stock. But as I said earlier that dilution serves a purpose. DP has been honest about the strategy. Even a few weeks ago, he reiterated that TRTC believes grabbing market share is what they need to focus on right now and they plan to continue to do it. What it means for investors is that we need to wait a bit longer for our pay off.
Here's what I expect the future to hold: Recently, DP said that the goal for TRTC in the next 12 months is to increase revenues to somewhere between 50 - 75 million. Not only do I believe he is being conservative, I'm guessing those numbers could balloon if California and Nevada legalize recreationally.
In 2018 I expect TRTC to mostly be done with building out the facilities that they currently have licenses for which include:
1) 6 dispensaries (2 in California, 4 in Nevada)
2) 2 Cultivation sites
3) 2 Production Facilities
4) 1 Lab for IVXX and probably will build out another
So at that time they will have revenues coming in from 10 different facilities + IVXX + EG. What do you think the revenues will be then??? If California and Nevada legalize, those revenues could be over $200 million/year. The change in laws will make it possible for TRTC to record a profit and get traditional financing from banks. At this time, DP's plan for expansion becomes self sustaining. They will no longer need to dilute to pay for expanding the business. Money coming in will pay for it. When the investment community sees that TRTC's expansion is self sustaining, TRTC will explode. I may be overly optimistic about my beliefs on how high the PPS may go, but it wouldn't surprise me if it went past $10 per share at that time. Once it goes past $7, I'm a millionaire. The reverse split that didn't split preferred shares really concerned me and I hope it's gone for good. I have a lot of confidence in everything else that is currently going on. I will likely continue adding shares as long as the PPS stays under $1.
This is all just my opinion. Please form your own opinions about TRTC when considering it as an investment. GLTA.
Remember Tomorrow
AI
