You're entitled to believe what you like. There are some minor flaws in the post but the gist of it is right on. If you're not a convertible note holder OR a preferred share holder you're upside is severely limited. I have rarely seen a worse financial statement than the one recently released as part of the 10-Q. As for "up listing," pie in the sky. It will never happen. The reasons are so numerous it would take me all morning to explain. For starters, MJ is illegal under federal law. We can't even find a decent bank to accept MMJ/MJ business deposits, what makes you think NASDAQ will tread where even the lowliest of banks won't. Most importantly, NASDAQ has listing requirements that TRTC isn't remotely close to meeting, including but not limited to pre-tax earnings, i.e, 5315(e), 5315(F)(3)(A), market cap, with revenue i.e, 5315(e), 5315(F)(3)(C), Income from continuing operations before income taxes (in latest fiscal year or in two of last three fiscal years), i.e, 5405(a), and
5405(b)(2), Net Income from Continuing Operations (in the latest fiscal year or in two of the last three fiscal years) 5505(a), 5505(b)(2),and because there are preferred shares, warrants AND convertible debt with imbedded derivatives they must comply with SEC rule 5410, 5415,5225,5455, 5460, 5510, 5515,5225,5555,5560, 5711 and entry fee rules 5910(a), 5930(a), 5940(a) NONE of which TRTC is remotely close to qualification, not to mention initial fees and annual fee rules 5910(c) or IM-5910-1,5920(c) or
IM-5920-1.
Anyone who believes this company will up list to NASDAQ or any other SEC policed stock exchange is deluded.
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