Alert - TRTC Executives Enrichment Scheme !! As S
Post# of 98045
As Seeking Alpha Correct Confirmed !
Terra Tech Corp. - USA . ( Ticker : TRTC )
They don‘t take or need Salaries, because have Company‘s
Credit Cards for the monthly Cash- Burning of $ 0,5 Mn
and for weekly home- foods- shopping if any they have
Personal Cards connected to its private bank-accounts !!
They keep the Company‘s expenses very low by only 2- 3
Employees to take phone- calls at sales- department and
any Phones for any of its Empty Shell Companies running
on the modern Phone- Systems by at any calls just having
as answer the Usual Excuse and „Please leave your Name
and Phone- Number to call you back as soon as possible.“
and additionally all Executives as the main employees have
its private Mobile- Phones.
Anything else to keep company‘s expenses at lowest to save
money for themselves privately only, is either rented or just
leased to have no Assets and Dependences, to be free to
leave when may heat- related, but Bahamas, Tortola or
Cayman Islands, Etc. are also very nice places to live
when desired.
The only declared Company‘s Head Office in Irvine, CA is
at a Virtual Business Center for monthly $ 99 to have an
address for the Company as any Company to provide the
Impression of such need an official address and Mail- Box.
Beside all the Mansions declared as Company‘s Offices to
save money for not additionally spending for Office Spaces
which would be even more expensive at any good locations.
All the Eating at Restaurants or Hotels declared as Business
Activities & Meetings with Clients, or any Cars and Gasoline
or Cars maintenances and services, Insurances, Air- Tickets,
Etc. ( May Company‘s Air- Plane Leasing ) is all as Company
Related Matters declared and therefore by the Company‘s
Credit Cards paid ; means by all the Investors really !
See SEC 10-K TRTC Properties & Equipments $ 21 K Only !!
Just To Wonder, Where Is TRTC As A Real Company With All
Promised Assets & Properties As Any Normal Companies Usually
Have And Not Only As TRTC With Operational Loss of $ 6,2 Mn
( 2012 $ 5,8 Mn ) And Accumulated Deficits of Over $ 19 Mn !
At SEC 10-Q for Q1 even Losses of $ 4,9 Mn Per Quarter and
proved Gross Earning Margin of 0,37 % Only For Bankruptcy !!
All Without Any Properties As Assets & Equipments Available,
Because Everything By Leasings & Renting Only.
Happy Investing, If Possible
.