Dragni Dragnev

Terra Tech Corp. (OTCMKTS:TRTC) Comes Crashing Down

by Dragni Dragnev July 9, 2014

Terra Tech Corp. (OTCMKTS:TRTC, TRTC message board) had a nice little run up immediately before and after Independence Day, but unfortunately the rise didn't last long. Now the ticker is going down hard again – yesterday's trading session wiped two jumps wort of gains, and it looks like TRTC is just gathering downward momentum. 

Lately TRTC seems to rise on cyclical surges of hype and hope, then head back down to the bottom. But is it any wonder that it is failing to maintain any of its growth?

Despite what marijuana stock enthusiasts fervently believe, TRTC currently has scant few achievements to write home about. It is presently traded as a pot stock company, despite the fact that the only thing it has produced so far are pot herbs and fluff PR. Shareholders have been cheering the company on for months now – but so far its results are unimpressive. 

Admittedly, steps were made in the right direction since the green rush began. However, obtaining permits for cultivation and production for Clark County, Nevada is just one of the first important moves that the company must undertake to be able to begin marijuana cultivation. The process will be complete with the State Licensing Procedure in August, which means that even if TRTC starts sowing immediately after that, the first crop is not likely to roll out before the final quarter of 2014. And that's assuming that TRTC is given a state license – which may or may not happen. Despite the investor's enthusiasm, at this point, it's impossible to be sure that it will.

TRTC's revenue projections estimated $7 million worth of sales would be made by the end of 2014. If the company's most recent financial reports are any indicator of TRTC's pace, the company will probably generate something between $1.5 million to $2.1 million before Q4. Does management really believe that it will be able to generate upwards of $5 million in the span of just one quarter? Or was this "estimation" just another publicity trick?

In light of this flood of fluff declarations and boastful announcements, combined with the company's lack of results to date, it should be obvious why TRTC is having trouble retaining its gains once the hype fever stops gripping its supporters. The company is certainly moving forward - but once some research is done, it turns out that its pace is far from what marijuana enthusiasts and TRTC management would have investors believe.

For instance, providing individuals with mental or physical disabilities with the opportunity to work in the greenhouse industry, as TRTC's latest piece of PR declared that the company will be doing, is certainly commendable. But that does not change the fact that, TRTC has not produced results that would warrant its current market cap, which is, by any standard, ridiculously overblown, even after yesterday's crash.

Another pot stock that's currently crashing after its rise around July 4 is United Cannabis Corp. f/k/a MySkin Inc. (OTCBB:CNAB), who wiped out more than a quarter of its market cap in yesterday's session alone.

Comments 29

1. Guest
September 10, 2015, 02:15PM

Quotes Is InvestorsHub , iHub, advfn.uk , et., al in direct violation of EU anti-defamation laws?

2. Guest
August 12, 2015, 01:31PM

Quotes Fraud Alert: "MONESTHIND" on "iHub" is a known front for short and distort crowd. Yep, that MONESTHIND who always, 100% of the time claims to be accurate. Heck, with that sort of trading record he should be a trillionair by now.

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3. Guest
January 14, 2015, 04:30PM

Quotes Looks like the MonestHind guy turned out to be right. He called out PHOT too. Should have listened.

4. Guest
August 14, 2014, 11:16AM

Quotes It's a little obvious..the previous Guest has been posting this same old b/s across every board. I smell Norman Gates - I wish someone would just scrape this guy off the bottom of their boot. Try sticking to the facts instead of making up libelous comments on a daily basis. You must be a HotStocked employee..


Terra Tech Releases Corporate Update and 2014 Q2 Financials; Reports Over 450% Increase in Revenue:

http://finance.yahoo.com/news/terra-tech-releases-corporate-2014-020053044.html

5. Guest
August 06, 2014, 02:29PM

Quotes The former Guest of July 25th is only trying
to protect the Enrichment Scheme Criminals !

As famous Member of TRTC Pump & Cheat Co.

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6. Guest
July 25, 2014, 06:01AM

Quotes The Guest Users on this forum are all associated with (a)Norman Gates, (b)Monesthind ,and (c)The Emperor Has No Clothes who all coincidentally have vested interests in Medical Marijuana Inc. (MJNA)(HempMeds). They have been conducting a smear campaign against TRTC, based off of false accusations and false claims. This campaign is rumored to be responsible for the denied application in Clark County which in turn was the root cause of TRTC’s dip in stock price. Now whether or not TRTC is the chosen one out of the droves of penny stocks that will make it to dollar land - I don't know. What I do know is that there are leagues of legitimate investors on InvestorsHub.com and other forums that are tired of these user's spams, misinformation, and complete lack of knowledge.

7. Guest
July 19, 2014, 04:23PM

Quotes Alert - Terra Tech Corp. - U.S.A. !
( Ticker : TRTC )
http://de.advfn.com/forum/advfn/15261280/1

For The Fair Investing
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8. Guest
July 15, 2014, 09:50AM

Quotes The Former Guest Just From Pump & Cheat Co. !
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9. Guest
July 14, 2014, 01:16PM

Quotes The negative claims I keep seeing on TRTC all seemed to be linked to the same archaic sources (more than half of which have been discredited and are largely viewed as simply an attempt to short the stock). I am in on TRTC because I think there is definitely potential, however - people must do their own due diligence instead of blindly following the the questionable research of others.

Barron’s Article that calls out Seeking Alpha for allowing/condoning amateur analysts to conduct mass stock manipulation via libelous statements (i.e. “Terra Tech: A Natural-Born Capital Killer” article):

http://online.barrons.com/news/articles/SB50001424053111903601104579453152373741292)

10. Guest
July 14, 2014, 12:17PM

Quotes The claims I keep seeing on TRTC all seemed to be linked to the same archaic sources (more than half of which have been discredited and are largely viewed as simply an attempt to short the stock). I am in on TRTC because I think there is definitely potential, however - people must do their own due diligence instead of blindly following the the questionable research of others.

http://online.barrons.com/news/articles/SB50001424053111903601104579453152373741292

http://smallcapvoice.com/blog/wp-content/uploads/trtc-6-11-14.mp3

11. Guest
July 13, 2014, 11:03AM

Quotes Alert - Here TRTC Derek LIAR Facts !!

http://de.advfn.com/forum/advfn/15236873/1

For The Fair Investing
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12. Guest
July 12, 2014, 02:02PM

Quotes Alert - TRTC Executives Enrichment Scheme !!
As Seeking Alpha Correct Confirmed !
http://de.advfn.com/forum/advfn/15236282/1
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13. Guest
July 12, 2014, 01:43PM

Quotes What Did We Get From TRTC ?!

What did change our Views lately was when did find-out very
simple things as Faked Merger, Faked Revenues, Faked Margins,
Pro- Forma Contracts, for $ 5 Mn Investment of New 5- Acre
Plant got a Common Stock increase from 82,4 Mn to 266 Mn
and that‘s just the starting need to expect about 100 Mn more
for R/S to after increase the O/S again to be repeated same
and what for „Just A Piggy- Bank“ and Leased Land & Plant
as without any Property or Assets, poorest Gross Earning Margin
of 0,37 % only now, Quarterly Net Loss of even $ 4,9 Mn where
the 2013 Annual Net Loss of $ 6,1 Mn was already too much
and Bribery- Sales, we finally got this only for more Fakes and
the SEC to follow.

But as Investors we need to be Reality Big Picture oriented if
like to get rich or remain as such and if the Reality changes,
may have to let it fall just like a „Hot Potato“ and never fall
in love with any Stock !
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14. Guest
July 12, 2014, 01:04PM

Quotes Investor Alert - The Insane US MJ Market !!
http://de.advfn.com/forum/advfn/15236229/1
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15. Guest
July 11, 2014, 07:50AM

Quotes You have impeccable grammar - where did you study at, South Harmon Institute of Technology? This Guest poster might be over the top, but if you look into the links he/she provided, Monesthind, BusProfHarvardU, and Norman Gates have all, but posted themselves into isolation (especially on InvestorsHub) because of their relentless unjustified use of falsified information. I say let the company speak for itself, put your chips down, and let’s see what happens!!

-Maria

16. Guest
July 10, 2014, 02:59PM

Quotes The TRTC Blah-Blah about SEC & FBI just about the Seeking Alpha
Article only telling The Truth of SEC & Court Documents without
Pink- Sunglasses, where they themselves have to be carefully for
getting there where They Wishing The Truth Telling Persons to go!

17. Guest
July 10, 2014, 02:54PM

Quotes The TRTC Blah-Blah about SEC & FBI just about the Seeking Alpha
Article only telling The Truth of SEC & Court Documents without
Pink- Sunglasses, where they themselves have to be carefully for
getting there where They Wishing The Truth Telling Persons to go!

18. Guest
July 10, 2014, 02:50PM

Quotes The TRTC Blah-Blah about SEC & FBI just about the Seeking Alpha
Article only telling The Truth of SEC & Court Documents without
Pink- Sunglasses, where they themselves have to be carefully for
getting there where They Wishing The Truth Telling Persons to go!

19. Guest
July 10, 2014, 10:45AM

Quotes BE AWARE Of All INVESTORS BEWARE Posts
of The Well Known Members of PUMP & CHEAT CO.!

For The Fair Investing Only And Contra Abuses

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20. Guest
July 10, 2014, 08:58AM

Quotes INVESTORS BEWARE (continued)

(c)The Emperor Has No Clothes: This user is suspected to be the person who purchased the false-based article from Norman Gates that was published on Seeking Alpha – this said article and its contributors are currently being investigated by Terra Tech legal counsel and the SEC. The Emperor Has No Clothes (user) is simply what the metaphor of his name implies: a member of the collective ignorance.

PLEASE BE AWARE AND REPORT ANY AND ALL SUSPICIOUS ACTIVITY
– HELP STOP STOCK FRAUD -

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