Awwww does it hurt peoples feelings? Waah Wah
Well it should the pps is .32 after 4 years of dilution and still active toxic fins rounded off with 1 billion shares outstanding.
I am a long and it makes me mad. I expect more from the CEO
I understand because of the federal regulations that they have to dilute some shares to grow. But diluting 550 million shares in 12 months is excessive, especially when you had over 70 percent of your assets all ready in place. I mean they did not have to buy most of their dispensaries...they were rewarded by permit. They do not own some of the properties, and pay monthly rent..which is mind bending to understand.
The build outs for a dispensary is at best and in my opinion way over bloated at 1 million each
Lets say a grow facility like EG in nj is an over estimated number of 5 million
So we are talking 7 to 10 million dollars for everything
Now when it comes to blum oak...i still do not know the true numbers and exchange of share.ownership on that dispensary, but i heard a huge number of 60 million which i do not believe
SO EG revenue could have paid for 90% of TRTC total growth, give or take 1 or 2 toxic financing deals
That does not include the expenses being paid back to them selves in the form of security and rent.
SO where did the dilution of 990 million shares diluted go?
Lets say an average of high and lows of .40 pps at 990,000,000 shares = Thats $396,000,000 !
Lets just be generous and wrap up the real costs for everything at very generous $100 million dollars
Thats including pays offs, lawyers, and jet flying around the country.
Where is the $296,000,000 ??? Your gonna tell me that they needed to do this latest round of toxic financing for 3 million dollars? lol really???
They did it because they can...and will milk the share count dry...and leave no crumbs on the table. cause they can...
Last and not least..Derek peterson can reset the whole shareholder con after doing a reverse split.
Cause he can...
They are just greedy insider enrichment criminals... ever notice they never itemize the expenses every quarter? lol
