Also, Peterson and his buddies from the industry made huge amounts on money off of the toxic discounted equity convertible debt financing. With "free money" flowing from retail, management had ZERO incentive to try to operate the business efficiently. It was too good of an opportunity to pass up for an ex-junk bond salesman (Peterson) to not engage in self enrichment at retail investor and vendors expense.
Many of us rode the pump and bailed before the dump. I was so incredibly hated by the $TRTC pumpers it was rewarding to have called $TRTC demise.
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