Why does everyone gang up on Magnum....and btw -->Lose lol
He just reads the financials and brings up financial facts about the company. Everyone on here gets so threatened by him, because the truth about TRTC bothers us all as investors.
I think everyone gets upset, because they can't dispute the facts.
There is only so far you can go -> calling someone names in response to his informative posts based off company history and financial filings, until you yourself look like the fool!
You should be concerned about all of your investments, and most of all-> learn to break down the financials line by line, and read about the companies industry, operations, and future business.
No One on this tiny board makes the slightest impact on the Price Per Share lol Be serious now lolI
This is just one of a few places to discuss or vent about a stock.
I mean lets face it.. March 2018 after Nevada going recreational for almost a year, and California going recreational into its third month. A Price Per Share of .25 is pretty pathetic.
So now add on to that a maxed out 1 billion Outstanding Share count and Active Toxic Financing ---> Along with expenses > revenue
It doesn't matter if they have open dispensaries. What matters is the financials. If they are good and show progress--> the Price Per Share goes up.
I think the expenses can be taken down easy by the company. I believe the expense number is padded to be high because of what they would have to pay in taxes in the current climate. None of my MJ stocks that are growing companies show a good expense number..period.
Now the big question on the board...is how will Derek Peterson move forward with funding the current growth phase of TRTC, when there are no shares left to dilute or use in toxic financing ?
I think we would all like for him to be able to use revenue.
But i do not see them doing that , because dilution has served them well and is what brought them to the big dance. It is free money for them.
It has also destroyed shareholders worth in the company.
Will he consolidate? Maybe 5 to 1 -Which i think is great for longs. It allows them to still hold a decent amount of share, clean up the books, and grow the PPS with the revenue/financials which will start to look better quarter by quarter.
As we all know from his previous dealings. Derek Peterson can be very creative. So it will be very interesting to see what he will say during his state of the union address in a few weeks. He is either going to rally the troops and answer real questions or just ignore everything and have a cheerleading call.
He has done both in the past...
Should be interesting
