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Re: BriarPatch post# 266477

Sunday, 08/19/2018 1:09:21 PM

Sunday, August 19, 2018 1:09:21 PM

Post# of 290029
$TRTC needs to reduce expenses not increase them IMHO

"Selling, general and administrative expenses for the first quarter ended March 31 of 2018 were $8.4 million compared to $6.4 million for the first quarter ended March 31st of 2017, an increase of approximately $2 million or 31.9% percent. The increase is partially due to an increase in the salaries and related payroll tax expenses due to new hires."


"Long-term debt increased from approximately $6.6 million to approximately $13.2 million during the three months ended March 31 of 2018."

IMHO the company has accepted 10 more million in debt since that report IMHO see tranches from 40 million loan .

https://seekingalpha.com/article/4172650-terra-techs-trtc-ceo-derek-peterson-q1-2018-results-earnings-call-transcript?page=6