Replies to post #266482 on Blum Holdings Inc (BLMH)

[BriarPatch]

Shareholders Enrichment Scheme

I hope that trtc is an "insider enrichment scheme" like so many have erroneously claimed. Since the insiders are all in the same boat as shareholders that would make trtc a "Shareholders Enrichment Scheme". After all if A = B and B = C then A = C (according to the transitive property of equality). Wouldn’t everyone agree? Oh wait a minute, facts don't care if anybody agree's or not, they just are...

Share lock up agreements

Derek Peterson - CEO and Chairman
https://www.sec.gov/Archives/edgar/data/1451512/000147793217006160/trtc_8k.htm

Alan Gladstone - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000223/trtc_8k.htm

Michael James - CFO
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000297/trtc_8k.htm

Michael Nahass - President, COO, Director, Secretary and Treasurer
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000486/trtc_8k.htm

Steven Ross - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000541/trtc_8k.htm

DP on lock-up agreements

"Yeah, we signed lockups. Everybody signed them at a little bit of a different time. So I think I signed mine in December. Some signed in January, and that type of thing. So it was a 12-month lockup. Just promising to our shareholders we wouldn’t liquidate any of our Terra Tech stock in that timeframe. And so, yeah, we’re committed to that. That won’t be something that we alleviate from because we think this is a big year for growth for us.

So I’m looking at it from selfish standpoint. I’m looking at it from the perspective of I see what’s happening with Kronos. I see what’s happening with these other Canadian companies that are trading with these multibillion dollar market caps with a revenue base and an asset base that’s nowhere near what we have. And I think a lot of that overhang is due to the federal issues, and the dichotomy between state and federal law.

And so, you know, you’ve seen sales from insiders over the history, and we’ve done that for all different purposes. You know, what I hope our shareholders understand in the past when we’ve had to sell, whether it’s for phantom income taxes, other taxes, or just general security, we work in an environment where we’re personally affected by the job that we do.

I’ve lost my personal bank accounts. I’ve lost my ability to get insurance. I’ve lost – you know, we’ve lost our kids’ college savings plans. We’ve been kicked out. Our retirement plans have been kicked out. I mean, I’ve had credit cards shut down on me, banking institutions shut down on me, personally. Forget the company for a standpoint. And I can tell you most of our officers and directors have experienced the same thing.

So the operation in this space comes at a personal cost. You know, that and scrubbing it against the reality of we could wake up one morning – I don’t think it’s gonna happen, but we certainly could wake up one morning, and the federal government could change its stance on the industry, get far more aggressive. We’ve seen some shots across the bow, and for all practical purposes, they could make an attempt to shut the industry down.

So we’ve all got children, and we’re all human beings at the same time. And we all need to make sure we’ve got some money in the bank so we can feed our family in the case that something like that happens. It’s outside the scope of anything that we could have gauged for, and certainly not something that we brought on. So for all practical purposes, we could be executing with perfection, but the opportunity could be stripped away from us. And we’ve seen it happen in gaming, you know, online gaming, you know, from a legislative or regulatory change.

But our commitment was we want to make sure we don’t sell any stock over the next 12 months. Our commitment to the shareholders on a lot of different things that we’ve done in the past is to align ourselves from that same standpoint. We experienced the reverse just the same as every other shareholder experiences the reverse. But I’m in this for the potential up listing downstream.

And, you know, having worked in Wall Street for ten years, and Mike had worked there for 15-17 years, you know, I know it’s a matter of time before that opportunity is available to us. And I know that opportunity should come with a significant opportunity for market cap expansion over where we are now in this illegal federal environment on the OTC. And so that just put us in the position to kind of save this opportunity for downstream.

I don’t know if it’s gonna happen in 12 months, but we are certainly positioning ourselves for that. And like I said before, the analogy is I want to make sure we’re standing on the front door with our tuxedo when the door opens for the party. I don’t want to be at home still getting ready, which was the catalyst for the reverse along with some other things, and it was the catalyst for the lockup."

https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm


meanwhile...

business is blümming!!!

[Magnum7419]

All shareholders get is "crickets "

Hard questions ? deserve answers IMHO


Lets help investors clearly understand what is the closest date TRTC will receive revenue from their cultivation site under contruction in Southern California....

TRTC's CEO " in quotes " taken from most recent Quarterly CC.


Regarding Southern California expansion $TRTC did acquire two locations in Southern Ca, one of which will be a large cultivation site that is projected to generate millions of dollars in revenue.......so when will that revenue arrive ?

CEO states (in May of this year)that the facility itself will NOT be completed till Q2 2019 imho

I see great potential but no reason to enter $TRTC now.

"On the cultivation side of the equation, we think the potential revenue at full capacity under current market conditions we can achieve approximately $10 million to $15 million in revenue from a cultivation of flour standpoint at that facility and we could have that likely completed by Q2 2019.

thats 12 months away ?

Some experts say it will be completed sooner ?

Okay when ? then add months for cultivation, trim packagings and testing and shelf time to sell........then when will we see revenue ?

Simply fill in a date that TRTC will see revenue from cultivation site in Southern California.

I will even give one a 90 day grace period either way plus or minus..

___/___/2019