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Wednesday, May 23, 2018 12:47:07 PM
Then Derek quickly gifted himself $40 million in toxic finance!!!
Wheres the Merger?
Wheres the up listing?
I know "wait for this day" lol its been 4 years ........
New investors should also take into consideration the current financials and past history of this company and its insiders.
Have you guys noticed the only reply to posts pointing out financial facts, shady business deals, and professional moral issues we bring up about TRTC. Is that there is some kind of a alien conspiracy lol
No one cares enough outside this forum or even knows this company lol I just want to share knowledge so new investors do not get their money held ransom for 2 years or possibly taken right out from under them.
THE NUMBERS DO NOT LIE, NOR DOES THE PAST HISTORY OF THIS COMPANY. IT IS ALL PUBLIC KNOWLEDGE.
NEWBIES PLEASE READ...DO NOT INVEST IN THIS COMPANY UNTIL ITS CONSOLIDATES AND CLEANS UP ITS ACT....HERES WHY....
It is true they diluted 500 million shares in the last year
They had close to 1 billion shares outstanding? and only 88 million left before they consolidated and reset the whole insider enrichment scheme that they all created when working together at the brokerage company?
Look at the financials and it all points to enrich insiders only the 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 pre reverse split of 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.
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