How will they have money to make those permits operational? It takes trtc a long time to make a permit operational. It will take even longer with more permits. One project is easier then two.
Agreed, unfortunately thus far, TRTC has only been able garner capital on terms toxic to equity shareholders. And the latest capital raises using discounted equity convertible debt are simply to continue operations, NOT to expand them. Much more capital will be needed for that. It's the access to "affordable" capital that has always been one of the major keys in this developing market. At this stage to continue to rely on toxic debt is a RED FLAG.
However, as long as there are shares of stock available to be issued into the market and volume, TRTC has access to capital. So, who pays the real price and risks for that capital... shareholders. Who are the majority shareholders? The retail public.
But, but, but the insiders have shares, why yes they do, but they are not bearing any real financial risk with stock option adjustments and stock grants, retail shareholders shoulder all the risks.
Since the reverse split the price has dropped from $4 to $1 and retail shareholders have taken a beating. ONLY 300% upside needed to BREAK EVEN with the R/S level.
But it's on sale the fanboys tell us... LOL...OK great and I hope for TRTC equity holders, TRTC can build enough value to get past toxic terms in capital raises. I have a $2 placeholder position and would love to be proven wrong and that wasn't a mistake.
Q3 2018 financials were such an unexpected disaster with TRTC reporting NEGATIVE revenue growth with excuses that should have been mitigated if management actually cared or had had "skin in the game".
On a side note, I'm PRO-merger with GLDFF if the "Tahoe" deal is completed. IMO this is a synergistic move for both companies longer term viability, but doubtful this action helps the share price.