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Tuesday, July 16, 2019 8:46:35 PM
Most MJ companies have had bad quarters this year. Look at almost any MJ stock US or Canadian from March until today and what you will see is not good. I liked Curaleaf, Hexo, Cresco Labs and more but all have disappointed their share holders with dilution or poor quarters or just missing their self imposed targets.
The winners will be the ones that make progress on the next quarters. TRTC may or may not make it. I'll bet on the guy who performed fantastic during the growth phase of 2016-2017.
The only reason TRTC and all the other MJ companies with assets have fared so poorly is the government. Why is every company effected if TRTC is one that is so so bad? Because it is industry wide. We have an elected government that does not do what their constituents want any more. If you look up every one of the MJ companies as I have over 75 percent have disgruntled investors blaming management. It's not all management's fault.
If anyone was looking for a blue chip in the MJ penny stocks that is a problem. TRTC like most of the other MJ stocks in the pennies is no more than a chance at a spectacular return for a risk.
Some here criticizing our choice have picked stocks like LIBE or ONCI or all manner of sub penny stocks that are close to be halted for non filing and yet they continue to hold those stocks. Even pump those stocks to others.
I will continue to wait for the next two quarters because I don't put money in this market that is a worry to me. TRTC started the year at .56 and their loss compares well with all the other MJ stocks and in many cases TRTC's losses this year are lower than most companies even at .46 .
I hope others do the same and only bet what they can lose - easily.
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