Deficit as a result of Financing with Dominion
Last post of the day
Fortunately, toxic financing is over and deficit is not debt.
Current financing is a line of credit that has been in operation for three months and the share price at initial time was .13 and now its .10. So the share price has lost a .01 each month in return for funding Nevada buildout. WE wont know till next filing how much funding was received, but luckily we a source within Nevada that stated there was sufficient funding NOW to build out the Dispensary in the City and the two other dispensaries in Clark County.
We also know three PP investors gave 2 million dollars in funding recently. We also know that if necessary TRTC could sell one or two of its licenses that have a tremendous value. We know that California is going "for Profit" in 88 days which will cause the share price to spike upward and then reduce the need of using the Magna line of credit.
IN conclusion , it is very common for start ups to develop a large deficit within the first five years of operation which is a risk investors have to deal with. Currently the company has more assets than liabilites and is in stable financial condition IMHO.
No one should invest in a penny stock unless they can personally accept full responsibility if the company should fail. The burden is upon the investor to choose the right company.