TRTC Working For Bankruptcy !! Terra Tech Corp.
Post# of 99333
Posted On: 04/22/2014 9:51:15 PM
TRTC Working For Bankruptcy !!
Terra Tech Corp. - USA . ( Ticker : TRTC )
1. According Proof of SEC Filings as by below Link of latest 10-K :
http://www.sec.gov/Archives/edgar/data/145151...tc_10k.htm
As Following :
- Record Revenue of only $ 2,1 Mn by NB Plants $ 2,6 Mn as unaccounted !
- Record Net Losses of $ 6,15 Mn from 2012 $ 5,8 Mn !
- Operation Losses of $ 3,48 Mn from Record 2012 $ 5,8 Mn !
- Record Accumulated Dept or Deficit of $ 14,8 Mn by 2012 $ 8,7 Mn !
- Record Stock Count of 233,8 Mn from January 2013 86,2 Mn !
- Record Executives Owned Stocks Count 136 Mn ( 2012 of 50 Mn ! )
- Vande Vrede‘s Stocks 39,34 Mn + 41,2 Mn for Faked Edible Garden Corp.
Executives Owned Stocks Counts :
Common Stock Derek Peterson 2,036,181
Common Stock Amy Almsteier 51,674,654
Common Stock Michael A. Nahass 540,000 ( Now plus 2 Mn )
Common Stock Michael James 300,000
Common Stock Steven Ross 150,000
Common Stock Ken VandeVrede 9,861,220
Common Stock Mike VandeVrede 9,861,220
Common Stock Steve VandeVrede 9,861,220
Common Stock Dan VandeVrede 9,761,220
2. TRTC Cash Burning Rate & Revenues For Break- Even !
Burning cash was always a problem, but it got even worse.
2012 Operation Loss $ 5,8 Mn by about $ 0,5 Mn Monthly.
2013 Loss got even $ 6,15 Mn, just see the SEC 10-K Proof !
Monthly Necessary Revenues For Break- Even to
compensate the Cash Burning of $ 0,5 Mn Monthly :
At Commissions of 10 % need monthly $ 5 Mn Revenues.
At Commissions of 15 % need monthly $ 3,3 Mn Revenues.
Conclusive any monthly Revenues less $ 3,3 Mn is for Bankruptcy
assuming TRTC if really works could have Av. Commissions of 15 % !
Conditions presently not possible to expect by TRTC Blah-Blah only.
Just everything’s on credits or leasings to maintain is expensive !
Without the Vande Vrede Escape, they already in Bankruptcy.
They have a Madoff Snow-Ball Scheme in the Heads.
3. Present SEC Investigation For Cure or Die !
Under SEC observation all the Derek & Ken gimmicks will
immediately need to stop. Means also just feeding Investors
by Fluffy Faked PRs to Fool Investors for its own private
Fortunes only, instead for the Company first, will need
to stop, for not by further proofs getting criminalized !
TRTC Management seems to Learn only The Hard Way.
.
Terra Tech Corp. - USA . ( Ticker : TRTC )
1. According Proof of SEC Filings as by below Link of latest 10-K :
http://www.sec.gov/Archives/edgar/data/145151...tc_10k.htm
As Following :
- Record Revenue of only $ 2,1 Mn by NB Plants $ 2,6 Mn as unaccounted !
- Record Net Losses of $ 6,15 Mn from 2012 $ 5,8 Mn !
- Operation Losses of $ 3,48 Mn from Record 2012 $ 5,8 Mn !
- Record Accumulated Dept or Deficit of $ 14,8 Mn by 2012 $ 8,7 Mn !
- Record Stock Count of 233,8 Mn from January 2013 86,2 Mn !
- Record Executives Owned Stocks Count 136 Mn ( 2012 of 50 Mn ! )
- Vande Vrede‘s Stocks 39,34 Mn + 41,2 Mn for Faked Edible Garden Corp.
Executives Owned Stocks Counts :
Common Stock Derek Peterson 2,036,181
Common Stock Amy Almsteier 51,674,654
Common Stock Michael A. Nahass 540,000 ( Now plus 2 Mn )
Common Stock Michael James 300,000
Common Stock Steven Ross 150,000
Common Stock Ken VandeVrede 9,861,220
Common Stock Mike VandeVrede 9,861,220
Common Stock Steve VandeVrede 9,861,220
Common Stock Dan VandeVrede 9,761,220
2. TRTC Cash Burning Rate & Revenues For Break- Even !
Burning cash was always a problem, but it got even worse.
2012 Operation Loss $ 5,8 Mn by about $ 0,5 Mn Monthly.
2013 Loss got even $ 6,15 Mn, just see the SEC 10-K Proof !
Monthly Necessary Revenues For Break- Even to
compensate the Cash Burning of $ 0,5 Mn Monthly :
At Commissions of 10 % need monthly $ 5 Mn Revenues.
At Commissions of 15 % need monthly $ 3,3 Mn Revenues.
Conclusive any monthly Revenues less $ 3,3 Mn is for Bankruptcy
assuming TRTC if really works could have Av. Commissions of 15 % !
Conditions presently not possible to expect by TRTC Blah-Blah only.
Just everything’s on credits or leasings to maintain is expensive !
Without the Vande Vrede Escape, they already in Bankruptcy.
They have a Madoff Snow-Ball Scheme in the Heads.
3. Present SEC Investigation For Cure or Die !
Under SEC observation all the Derek & Ken gimmicks will
immediately need to stop. Means also just feeding Investors
by Fluffy Faked PRs to Fool Investors for its own private
Fortunes only, instead for the Company first, will need
to stop, for not by further proofs getting criminalized !
TRTC Management seems to Learn only The Hard Way.
.
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