{"id":5736,"date":"2015-05-23T13:14:31","date_gmt":"2015-05-23T13:14:31","guid":{"rendered":"\/?p=5736"},"modified":"2015-05-23T13:39:30","modified_gmt":"2015-05-23T13:39:30","slug":"terra-tech-corp-otcmktstrtc-still-retreating","status":"publish","type":"post","link":"\/articles\/terra-tech-corp-otcmktstrtc-still-retreating\/","title":{"rendered":"Terra Tech Corp. (OTCMKTS:TRTC) Still Retreating"},"content":{"rendered":"\n

The slow share price decline that had gripped TerraTech Corp. (OTCMKTS:TRTC<\/a>) stock for a while seems to still be here. In yesterday’s session TRTC<\/a> slipped 4.8% to stop at $0.16 per share as 1.47 million shares changed hands. The company has yet to log a green close after putting up its quarterly report late last Friday.<\/p>\n

Over the last couple of days the most exciting things happening with TRTC<\/a> were a bit of insider trading, as well as some mostly fluff PR. There are four new Form 4 filings that came over the last two days. Company director Michael Nahass purchased some 300,000 TRTC<\/a> common shares on the open market. On the other hand, directors Ken and Steve VandeVrede of Edible Gardens sold a total of 145,000 shares, once again into the open market.<\/p>\n

Even though the insider buying outweighed the selling, this did not seem to inspire much confidence in investors. The Form 4 filings coincided with a couple of new press releases from TRTC<\/a>. The company announced that its IVXX (pronounced four-twenty) cannabis and cannabis-derivatives product line is now available at two new locations in California.<\/p>\n

While it’s true that the Q1 report highlighted the onset of IVXX sales as the main driving factor behind the year-over-year growth in quarterly revenues, it’s also true that the reason why TRTC<\/a> was trading at over $0.60 was certainly not IVXX or the March 2014 announcement that the company was expanding into ‘botanical extraction’. Instead, the reason was that TRTC<\/a> was making big plans about becoming a stock that grows, cultivates and sells the plant.<\/p>\n

It has been a couple of months since TRTC<\/a> briefed investors on what’s going on with the dispensary locations that are expected to open doors in ‘summer 2015’. The promise of a fully integrated, seed-to-sale business within the structure of the public company is largely why TRTC<\/a> attracted so much attention, even before it turned into a proper ‘pot stock’ after it started selling IVXX products. Until major news concerning the company’s proposed Nevada locations arrive, the stock might keep oscillating in its recent ranges.<\/p>\n","protected":false},"excerpt":{"rendered":"

The slow share price decline that had gripped TerraTech Corp. (OTCMKTS:TRTC) stock for a while seems to still be here. In yesterday’s session TRTC slipped 4.8% to stop at $0.16 per share as 1.47...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[259],"class_list":["post-5736","post","type-post","status-publish","format-standard","hentry","category-news","tag-trtc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=5736"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5736\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}