Here are 15 questions never addressed on the CC even many sent them in IMHO
Here are some ideas that were produced from an array of shareholders over the past several weeks. Feel free to edit , change or use your own questions.....
Hopefully the CEO can clear up the following issues on Monday !
"However, the Company incurred net losses for the quarter ended March 31, 2016, and has an accumulated deficit of approximately $50.1 million at March 31, 2016. The Company has not been able to generate sufficient cash from operating activities to fund its ongoing operations. There is no guarantee that the Company will be able to generate enough revenue and/or raise capital to support its operations. These factors raise substantial doubt about the Company's ability to continue as a going concern."
As of April 7, 2016, there were 349,739,408 shares of our Common Stock issued and outstanding. We are obligated to issue up to an additional 386,971,104 shares of our Common Stock to contemplate the conversion or exercise of all of our currently outstanding Preferred Stock, warrants, options, and convertible debt; however, as of April 7, 2016 we had an insufficient number of authorized shares of our Common Stock to satisfy such obligations."
On March 31, 2016, the Company issued a demand promissory note in favor of Dominion Capital LLC ("Dominion") in the amount of $750,000. The principal and interest under the demand note is due and payable on demand, but in no case later than June 30, 2016. Payment may be made in either cash or shares of the Company's common stock, at Dominion's option. Dominion may also, at its option, convert the demand note into a subsequent securities offering that is undertaken by the Company. Interest accrues at the simple rate of one percent (1%). The Company received the $750,000 on April 1, 2016.
April 1st 2016 Shares of Terra Tech common stock issued to Black Oak shareholders at closing 36,960,989
On April 29, 2016, the Company issued a demand promissory note in favor of Dominion in the amount of $500,000. The demand note matures on the earlier of July 31, 2016, or on demand. Payment may be made in either cash or shares of the Company's common stock, at Dominion's option. Dominion may also, at its option, convert the demand note into a subsequent securities offering that is undertaken by the Company. Interest accrues at the simple rate of one percent (1%). The Company received the $500,000 on May 3, 2016.
We incurred a net loss of approximately $4.1 million, or $0.01 per share, for the quarter ended March 31, 2016,
We anticipate requiring additional capital for the commercial development of our subsidiaries. We anticipate we will need an additional $13.5 million in capital for the commercial development of MediFarm, MediFarm I, and MediFarm II. In April 2016, MediFarm commenced operations at its dispensary located in Las Vegas
potential questions for the CEO . HE will take a limited number of questions on August 15th so I suggest if any of the following 15 questions are important to one as a shareholder , please copy paste or revise to meet your needs and send it in. I am sure whoever receives these will ask those questions that have been sent in the most !!!!
an email to TRTC@kcsa.com with TRTC Question in the subject line.
1)How can shareholders of a publicly traded company benefit by investing in not for profit companies?
As background for this question, In 2014 the company advised it needed 11 million for the Nevada build out. Since then the company and partners purchased 1.2 million building on Virginia Street and 340,000 in land in Washoe County and have completed the Western Ave location. Yet now in 2016 the company states in their filings they need 13.5 million for Nevada. As these costs apparently increased in March of 2015 the company agreed to give Salwa Ibrahim 500,000 in start up funds and a line of credit for 5 million dollars. This 5.5 million was to be used for a "not for profit" dispensary named Blum Boutique in Berkeley Ca. Then last month Salwa Ibrahim again went before the city of San Leandro with a proposal to start up Blum San Leandro where TRTC agreed to loan 4 million dollars. During the San Leandro process Salwa agreed to self fund the project after speaking with the City Attorney (IMHO) so she has other resources IMHO. She also pointed out in her application that her company had NO OBLIGATIONS to TRTC.
Both of these applications failed but the question remains the same.... if they had been approved the shareholders would have an additional burden of close to ten million dollars where the return at best was 5% loan .(TRTC past financing was at a cost of 12%) Please explain !
2) Can you please explain why you agreed as part of the merger of BlumOak to pay an operator of BlumOak 500,000 the first year and then 550,000 the second and 600,000 the third ?.
Salwa Ibrahim stated in her San Leandro presentation that the cultivation site only produced 20% of BlumOak's sales. A google search revealed the average yearly salary for a cultivator is 125,00 a year and only 1% of all earners make 500,000 or better a year.
3) Transparency is very important. One name keeps coming up as it relates to TRTC yet he is not considered an insider. Could you explain the complete roll of Martin Kaufman as it relates to TRTC' finances.
Reasons for this are as follows:
It is believed he is the master land lord of BlumOak and if so , does he have ownership of the building and or receive any portion of the 30,000 a month rent?
In the filings it shows he has a builders license and as paid in 2014 and 2015 for services to ? BlumOak ? If so I understand BlumOak just went thru another remodel that cost 800,000 dollars. Where did that funding come from and did Martin Kaufman benefit in any way?
In the filings Martin Kaufman owns or has controlling interest in a Security Firm that Blum Oak has hired and pays 340,000 a year. Is this true and if so will Martin Kaufman be involved in security in Nevada as the filings state he is in charge of Quality assurance.
In the filings Martin Kaufman received shares of TRTC has part of the Merger agreement. Can you explain why?
5) There is much controversy and confusion over the Proxy vote on the Reverse Split. If a Reverse Split occurs will the common shares be treated equally to the Preferred shares, especially the "B" preferred ?
6) On Feb 9th 2016 Washoe County Commission directed staff to draft an ordinance that would not allow recreation marijuana to be sold in Medical Marijuana dispensaries in Washoe County. TRTC just spent 1.2 million dollars on your Blum Reno dispensary and millions more are planned to be spent on Blum Dispensaries in Las Vegas. How will TRTC respond to such proposed limitations?
7) What is the current status of the investigation and/or litigation of Anson Funds and Norman Gates for alleged manipulation in the Clark County voting process and share price? In August of 2015 you stated
"Thanks, Stuart. One, we're rolling out is the lawsuit is completely ready and drafted. We've finalized jurisdiction being New Jersey, and we're narrowing down two corporate council there. Again, going back to the last question of negotiating fees and those types of things, we've narrowed it down to two different law firms to step up and carry the case for us in New Jersey. And we should have resolution there, I would imagine in the next three or four weeks or so."
8) In the Proxy proposal is two issues that conflict with each other in the opinion of some shareholders. Why does the company want to increase the share count to 990 million and then do a Reverse split later to shrink the number of shares ?
9) Can you break down the improvements done to BlumOak that costs 800,000 dollars ?
10) In reading the new NEvada Laws pertaining to recreational Marijuana they talk about an 18 month period to issue retail licenses. I understand current Medical Marijuana Licenses like Blum will get priority. What do you feel would be a realistic date to start retail sales and do you feel Washoe and Clark County will allow those sales from Blum Stores or will you have to create retail stores.
11) Can you go into detail about the first 90 days that Blum on Western Ave has been open? What is the number of patients registered? What was the revenue versus product costs and expenses. What was the final construction costs for Western?
12) Blum on Decatur will open on Aug 20th. Can you give a ballpark figure what was the construction costs to open the door?
13) Do you feel by the end of 2016 revenue from Blum stores and IVXX sales in NEvada will cover construction costs and daily expenses and costs of product?
14) Is there an IVXX Production site currently in operation in the state of Nevada?
15) What are the sales from products purchased via Theraputic Medical LLC and when and how will the company pay the 1.2 million for same?
News 
Market Data 
Discover 
