{"id":4690,"date":"2014-06-02T12:11:16","date_gmt":"2014-06-02T12:11:16","guid":{"rendered":"\/?p=4690"},"modified":"2014-06-02T12:11:17","modified_gmt":"2014-06-02T12:11:17","slug":"terra-tech-corp-otcmktstrtc-headed-up-again","status":"publish","type":"post","link":"\/articles\/terra-tech-corp-otcmktstrtc-headed-up-again\/","title":{"rendered":"Terra Tech Corp. (OTCMKTS:TRTC) Headed Up Again"},"content":{"rendered":"\n

Terra Tech Corp. (OTCMKTS:TRTC<\/a>)’s last hiccup cost it 8% of its market value last Thursday. The company more than recovered on the next day, climbing all the way up to $0.555 on news on the latest marijuana developments.<\/p>\n

On first glance it is obvious why news on the initiative to restricting DEA access to funds for busting state sanctioned medical marijuana providers would send TRTC<\/a> stock soaring. After all TRTC<\/a> is traded as a pot-stock, and many investors consider it one of the most prominent companies in the sector. However, the fact remains that, to date, the company is yet to make a single dollar out of marijuana. <\/p>\n

TRTC<\/a> doesn’t even have a license to grow pot, so logic dictates that legalization developments should not have had such an immediate and dramatic impact on its stock prices. Once more, investors are given a clear example how hype and hope can turn any news into volatility while logic and facts are pushed to the background.<\/p>\n

Still, the fact remains that TRTC<\/a> has been growing pot herbs and making some revenues out of it, but produce is hardly the product that pushed the company’s market cap all the way up to a ridiculous $100 million.<\/p>\n

Such a high market value is unrealistic for a number of reasons, the first and foremost of which can be found in the company’s latest 10-Q:<\/p>\n