InvestorsHub Logo

Mic ll

11/20/18 8:55 PM

#271818 RE: TASBES0101 #271817

Looking for entry points I believe. Like tomorrow morning is my entry point. I hope I picked the low. Someone just dropped 50 g so I'm not alone.

JimofRidge

11/20/18 10:15 PM

#271821 RE: TASBES0101 #271817

This management team does not have the proper backround to run this business. In all the years they have been in business they have never produced a profit.Their expertise is finance not business management. The industry is experiencing growing revenue while TRTC is not. Its asset management is poor. At this stage in the company's history you refer to substantial operations are coming online. Why now and not two years ago. New and better locations and licenses. So much time has been wasted and opportunities have been missed to make TRTC a good merger candidate. I have only touched on a few of the issues that are troublesome. On the shareholder side your problems were in full decline prior to the announcement of a merger. Since June 2018 SP had gone from $3 to $1.80 which was the price at the time the merger was announced. Prior to that a RS 15-1. Now a further decline due to poor 3rd Qt 10Q , share dilution due to Dominion NOTE Payable being paid back not from profits but by shareholders. It in not out of the question more dilution and further SP declines are going to continue. I do not sense a good or a fair deal here for the shareholders of GLDFF. I also can't rule out if dilution continues either another RS or possible bankruptcy. Time is not in your favor which is why I have a very narrow window of a few months. Losing $7 million a qt. is pushing the company in the wrong direction. I know you have a line of credit still available but at this point it should not have been necessary.