New investors should take into consideration the current financials and past history of this company and its insiders.
IMHO there is a reason why no one trusts the leadership in this company.
History and a Price Per Share dropping .249 tells no lies.
This is not a stock to buy until it consolidates its numbers. With the OS count almost maxed out at 1 billion shares and then still having toxic fins out there.... add on to that the expenses out weigh the revenue
stay away for now.... best be on the sidelines
But what has been bothering me more is the morals of the board of directors.
It seems imho Derek Peterson found an excuse to change his name to cover up criminal past.
Derek Peterson's employment history, from Broker Check
Peterson's file has only one disclosure event: he was fired by Morgan Stanley Smith Barney in December 2010 because, as he says, "I was managing an outside business in the agricultural industry and did not disclose it to my broker dealer." On 11 June, he complained at length to a Small Cap Voice interviewer about recent criticism of the company and himself.
One question that had been raised was his at least occasional use of the last name "Oppedisano." He pointed out that his surname is Peterson, and always had been, but that before he was born, his father had changed his own name from Oppedisano to Peterson. Derek is, he says, "in the process" of changing his name to Oppedisano, so that his children can have "some sort of understanding of their heritage." How long does it take to change a name? Four years?
Interestingly, he was using Oppedisano back in 2010, when he failed to disclose his "outside business" to Morgan Stanley. As far as can be known, he hasn't used it since. The SCV interviewer didn't press him about any of this; but then they're promoters, and it's their job to agree with the CEOs who pay them.
Peterson's wife Amy Almsteier, a former interior designer, is also involved with Terra Tech. In addition to being a 37 percent owner of the company, she serves as secretary, treasurer and director. TRTC does have a CFO as well, Michael James. Another director, Michael Nahass, is a registered rep. According to Broker Check, he, like Peterson, worked for Morgan Stanley a few years ago; perhaps the two met there. Nahass is currently employed by Arque Capital Ltd., an Arizona company with an office in Irvine, California.
Nahass and Peterson have something else in common: both declared bankruptcy not long ago; Nahass in 2011, evidently as a result of gambling debts, and Peterson in 2012, for other reasons.
Michael James CFO of TRTC formerly CEO of NRTI
$TRTC CFO Michael James exposed for blatant fraud with his fake Nulief launch while also CEO of $NRTI. He does a partnership deal w/Derek Peterson and runs $NRTI into the ground and ends up selling all $NRTI assets to $TRTC thru a LLC company that was created 4 weeks prior to selling the assets via this backdoor deal, leaving $NRTI shareholders with absolutely nothing, as he quietly exits back to TRTC without a peep. Then he is handsomely rewarded with tons of TRTC shares as bonus shortly thereafter for his debauchery tactics to quietly steal NRTI's assets out from under shareholders and secretly selling them to TRTC at a huge discount before anyone was aware of it. They buried the whole transaction in a 10K without saying a word. During a Q&A session, Peterson was asked about it, but glazed over it without addressing what actually took place regarding this deal.
NRTI CEO & TRTC CFO, Michael James screwed over every NRTI shareholder with his BLATANT FRAUD behind the Nulief CBD launch, where they never manufactured any real product or ever sold it in any dispensary, despite saying so in Press releases and interviews. Ever since then, he has been selling his TRTC bonus shares, that Derek rewarded him for this great deed to enrich TRTC, at the expense of the NRTI shareholders.
ANYONE dumb enough to invest a single cent into this company that is run by a management team with these kinds of principles, needs to have their heads examined! Right now they are once again selling insider shares by the groves, driving the share price into the ground, without any regard for shareholders! These gutter rats are making millions and millions of dollars every year by screwing over shareholders! The worst part is, despite all the SEC complaints filed, the SEC does nothing! All they reply with is an article explaining the dangers of investing in MJ companies. So in other words, if you are an otc company in the MJ business, as the CEO you are free to launch a FAKE Nulief CBD product and get away with it and steal all the assets away from one mj company and sell them to another one where you also hold a CFO position!
Michael James left a paper trail a mile wide on his blatant fraud, but yet the SEC looks the other way and does nothing to investigate the matter.
Should i even Get into Amy Almsteier ,Michael Nahass, and Salwa Ibrahim ? OR the recent board member they had to fire because of his SEC violations?
They are laughing all the way to the bank.
