JB, I don't disagree with you. I have been following weed stocks since 2012 at one time TRTC was my great hope of it being a real company - it is a real company.
But, Peterson keeps the shareholders from enjoying the profits by the compensation and bonuses to the insiders.
Bonuses should not be awarded while the company isn't profitable.
And Peterson needs to operate the company more efficiently.
In the last 10-Q filed TRTC had a loss of $4,686,560 just from Operations - that is stunningly bad.
Here is why it is so poorly run - the revenue was $6,950,365 but the Cost of Sales was $5,630,979.
From the financials: "However, we incurred net losses for the nine months ended September 30, 2016, and have an accumulated deficit of $60,600,170 at September 30, 2016. We have not been able to generate sufficient cash from operating activities to fund its ongoing operations."
The question is - can Peterson control costs so they can be profitable - so they are operating from financing activities.
I really don't understand shareholders not being outraged with Peterson and his appetite for uncontrolled spending.
Peterson is funding his lifestyle off of the backs of investors.
If TRTC was on the big boards - shareholders would be demanding Peterson step down as CEO.
Unless there is a shareholder revolt - Peterson will continue to use TRTC as his personal ATM. There seems to be no accountability to shareholders.
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