No problem Pearl. No hard feelings here. We're on the same team. And I understand why you feel the way you feel, but I have to tell you that I'm being honest when I tell you I am extremely confident in TRTC.
When you are trying to accomplish anything, it is best to devise a strategy that you think gives you the best chance to accomplish your goal. It's no different for companies. Now DP set lofty goals for TRTC when he stated years ago that they were not going for a single, they were going to go for a homerun. That homerun strategy was all about grabbing as much market share as they can in the early stage of the game. I compare it to a game of monopoly and spending a lot of money to buy Boardwalk and Park Place and loading them with Hotels. It costs a lot of money up front, but eventually the rewards are huge and win you the game.
The illegality of mj has presented obstacles that have made the plan more difficult for TRTC financially. That being said, the illegality has also kept competition from big pharma, big tobacco, and big alcohol away giving TRTC a chance to grab that market share. TRTC has connections to the federal govt. For example, Dingy Harry's son is their lawyer, and Rand Paul and others from the Senate or congress have visited TRTC. It is my belief the Federal Govt decided years ago that they were going to legalize mj but they wanted it play out slowly for a host of reasons and probably the biggest one being that a slow role out would be the best way to prevent the black market from thriving in a legalized environment. If the Federal Govt has a chosen one, my belief is that it is TRTC.
The strategy of gobbling up market share has lead to massive dilution which has held the PPS down without question, but it is a necessary part of the strategy. Don't forget that much of their business was in CA which until a month ago was a "not for profit state". So as long as you aren't allowed to show profit, perhaps you should try make your financials show as little profit as possible. Especially in an industry that is going to be taxed heavily. Now that CA is "for profit", I expect TRTC financials to start being presented differently starting with the Q1 report. So we will have much improved financials coupled with the luxury of being able to take tax loss deductions at the same time.
Another big factor is that TRTC hadn't been growing their own product. They mostly had been buying it from other growers, but recently TRTC growing operations are coming online which will help immensely.
It all just makes sense to me and I am as confident in TRTC as I have ever been. When I see you stressing out over it all the time, I feel like it's going to destroy you which is not good.
I ask you to just try to be more positive until the Q1 financials. Trust me that being positive about it will at the very least be more fun. If the Q1 financials don't show significant improvement then I will take no issue with any ranting about Insider enrichment schemes.
On that subject, I can see why people take issue with that. There's no question that insiders have certainly been good to themselves. Most people would, especially when they are technically breaking federal law. That being said, that same greed that has them enriching themselves is also what pushes them to try to go for the homerun DP is trying to hit. You have the opportunity to benefit from DP's homerun. Think back to when Don Mattingly hit 10 homeruns in 8 games. Winning was pretty easy for the rest of the Yankees thanks to what Donnie baseball was doing.
I hope some of my confidence spills over to you. GLTA.
This is all just my opinion, please form your own opinions regarding TRTC as an investment.
Remember Tomorrow
