lol ok so its bs that they diluted 500 million shares in the last year or so? lol
Its bs that they now have close to 1 billion shares outstanding? and only 88 million left before they consolidate and reset the whole insider enrichment scheme that they all created when working together at the brokerage company?
Is it bs that the pps is .27 steamrolling into March 2018 ? lol
Up until 3 weeks ago THESE INSIDERS WERE STILL TRYING TO DILUTE AND TOXIC FINANCE. THIS IS PROOF THEY DO NOT HAVE SHARE HOLDERS INTERESTS AT HEART AGAIN FOR 2018 ...THATS 4 YEARS IN A ROW. WHEN THEY ARE MAKING MILLIONS OF DOLLARS. THEY WANT EVERYTHING PEOPLE...
Look at the financials and it all points to enrich insiders only .279 pps tells no lies
This why the pps has been in the dumps for almost 4 years - These are signs of management not giving a rats behind about shareholders...hence the now 1 billion OS count maxed out
To get an inside look at TRTC’s reckless dalliance with convertible notes, go no further than its quarterly reports. Its 10-Q for the quarter ended June 30, 2017, notes that “during the six months ended June 30, 2017, senior secured convertible promissory notes and accrued interest in the amount of $8,839,084 were converted into 50,710,473 shares of common stock.”
How bad is the impact of TRTC’s convertible note addiction on common shareholders? The table below, which illustrates the rate at which outstanding shares have increased over the past five years, answers this question.
Year TRTC shares outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
As of December 11th 2017 903.17 million
Shares outstanding nearing authorized shares of 990 million
In five years, TRTC’s shares outstanding have increased more than tenfold and are now inching dangerously close to its authorized shares of 990 million. This means that going forward there is very limited room for TRTC’s debt holders to convert their debt into new shares. This heightens the prospect that TRTC may default on its debt. In case this happens, shareholders will be first to lose as debt owners will foreclose on the assets. This is the benefit of being a debt holder as opposed to being a shareholder. Debt holders usually have the first claim on a company’s assets in the event of foreclosure.
SO basically making > $250,000 a day and diluting 1 billion shares along with continued toxic financing to anyone willing to give them money for our worthless shares for pennies on the dollar.
THIS IS TH biggest insider enrichment scheme around.
People on this forum keep turning a blind eye to everything
Derek Peterson, Amy Almsteier ,Michael Nahass, and Salwa Ibrahim are laughing all the way to the bank.
