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dmcc2087

02/09/14 1:57 PM

#25765 RE: mike_usa #25764

Butterfly can explain this better than I. Again read the SEC filings.

Demar

02/09/14 2:15 PM

#25771 RE: mike_usa #25764

"Authorized and Outstanding Securities

Our authorized share capital consists of 375,000,000 shares of common stock, par value $0.001 per share, of which 350,000,00 are shares of common stock and 25,000,000 shares have been designated as “blank check” preferred stock. Of the 25,000,000 shares designated as blank check Preferred Stock, 100 shares have been designated as “Series A Preferred Stock” and 24,999,900 have been designated as “Series B preferred Stock.” As of December 18, 2013, there were 233,802,141 shares of our common stock (assuming the conversion and exercise of all of our currently outstanding preferred stock, and warrants into shares of our common stock) issued and outstanding."

From page 28 of must recent (2014/01/21) S-1 amendment.
http://www.sec.gov/Archives/edgar/data/1451512/000147793214000286/trtc_s1a.htm

Some info on shares outstanding vs shares authorized.

http://onswipe.investopedia.com/investopedia/#!/entry/the-basics-of-outstanding-shares-and-the-float,52e298b1025312186cc0a923

http://en.wikipedia.org/wiki/Shares_outstanding

http://wiki.fool.com/Shares_Outstanding_Vs._Shares_Authorized