GREY:CHALF - Post by User
Post by
unclebobieon Nov 05, 2018 10:48am
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Post# 28924146
Negative stuff on Terra Tech
Negative stuff on Terra Tech Summary
We uncovered lawsuits against TRTC from alleged unpaid suppliers.
Toxic Convertible Debt provides significant potential for shareholder dilution.
The company paid $51.5m for a dispensary in a related-party transaction; first dispensary license was received via bribery.
The auditor has an adverse opinion on financial controls, and financials show a declining business that burns cash.
All of the management team has past personal bankruptcies or a shareholder wipeout. CEO and Treasurer filed personal bankruptcy. CEO was allegedly involved in Mazzuto Scam and paid a settlement.