{"id":6441,"date":"2015-08-01T14:12:51","date_gmt":"2015-08-01T14:12:51","guid":{"rendered":"\/?p=6441"},"modified":"2015-08-01T14:39:26","modified_gmt":"2015-08-01T14:39:26","slug":"terra-tech-corp-otcmktstrtc-pauses-after-much-needed-recovery","status":"publish","type":"post","link":"\/articles\/terra-tech-corp-otcmktstrtc-pauses-after-much-needed-recovery\/","title":{"rendered":"Terra Tech Corp (OTCMKTS:TRTC) Pauses After Much-Needed Recovery"},"content":{"rendered":"\n

After an abysmal streak that pushed Terra Tech Corp (OTCMKTS:TRTC<\/a>) to some unsettling new lows, the stock managed to bounce back and doubled in price over the course of two weeks. The green streak was cut off by a red close yesterday. TRTC<\/a> ended up 3.8% down by the closing bell on its heaviest volume for the year so far.<\/p>\n

The company went back to a more aggressive PR approach, pushing out a steady stream of news releases. The first day of the bounce coincided with one of those, informing that even more LA dispensaries now sell TRTC<\/a>‘s IVXX line of products. This was hardly the trigger for the reversal as this sort of announcement was met with indifference in the past.<\/p>\n

The news was followed by a release informing Edible Garden – the entity making virtually all of TRTC<\/a>‘s revenues before the IVXX and lab launch – will now be selling its fresh leafy veggies in over 120 new retail stores. This is indeed good news and no doubt helped the price. The recovery was a nice breath of fresh air and the percentile move was significant. It remains to be seen whether TRTC<\/a> can hold its gains or will shamble back down.<\/p>\n

The company’s filings feed recently filled up with a batch of Form 4 submissions. It’s the time of year when TRTC<\/a> is paying directors and officers their stock-based compensation. While the Van de Vrede family who run the business of Edible Garden as well as director Michael Nahass received far humbler sums, CFO Michael C James was awarded a delectable $404 thousand in stock for services rendered, with a bonus added in the sum. James received 450,000 common shares and 800,000 Series B preferred shares that convert in 5.3 shares of common stock each.<\/p>\n

Curiously, all the stock-based compensation transactions took place on the day when TRTC<\/a> hit its 52-week low.<\/p>\n","protected":false},"excerpt":{"rendered":"

After an abysmal streak that pushed Terra Tech Corp (OTCMKTS:TRTC) to some unsettling new lows, the stock managed to bounce back and doubled in price over the course of two weeks. The green streak...<\/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-6441","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\/6441","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=6441"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6441\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}