Investor Alert - This Sounds Bad For TRTC & Derek !!
Post# of 99131
Posted On: 11/14/2014 1:00:07 AM
Alert - This Sounds Bad For TRTC & Derek !!
Terra Tech Corp. - USA , Ticker : TRTC
Found this on the WEB !
1.
As long as you know what the risk is Terra Tech Corp. investors should not be worried at all, but it is imperative that you reduce downside risk instead of just hoping and praying that Derek Peterson can talk Terra Tech Corp. out of federal forfeiture. Good Luck To All, but I’m prefer to not gamble!
Although cultivating and distributing marijuana for medical use is permitted in Nevada, provided compliance with applicable state and local laws, rules and regulations, marijuana is illegal under federal law. Strict enforcement of federal law regarding marijuana would likely result in the inability to proceed with the business plans of MediFarm, MediFarm I and MediFarm II, even if they successfully procure one or more licenses for the cultivation and/or distribution of medical
marijuana in Nevada, and could expose MediFarm, MediFarm I, and MediFarm II to potential
criminal liability and subject their properties to civil forfeiture. - SOURCE: SEC Documents
2.
Washoe County (Reno) played by the State rules by submitting the applications to the State by 18th of August. A three minute presentation is not enough to due diligence on these companies. Clark County was to wait until the State decided, they went first, causing this mess. The State indicated that they decision is final and if they did not provide the applicant with a provisional license, that applicant cannot operate in the State of Nevada, regardless. The State cannot be sued since this was in the application in May, BUT Clark County can be sued since they award zoning permits without the State's approval of what applicants was to obtain a license.
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Terra Tech Corp. - USA , Ticker : TRTC
Found this on the WEB !
1.
As long as you know what the risk is Terra Tech Corp. investors should not be worried at all, but it is imperative that you reduce downside risk instead of just hoping and praying that Derek Peterson can talk Terra Tech Corp. out of federal forfeiture. Good Luck To All, but I’m prefer to not gamble!
Although cultivating and distributing marijuana for medical use is permitted in Nevada, provided compliance with applicable state and local laws, rules and regulations, marijuana is illegal under federal law. Strict enforcement of federal law regarding marijuana would likely result in the inability to proceed with the business plans of MediFarm, MediFarm I and MediFarm II, even if they successfully procure one or more licenses for the cultivation and/or distribution of medical
marijuana in Nevada, and could expose MediFarm, MediFarm I, and MediFarm II to potential
criminal liability and subject their properties to civil forfeiture. - SOURCE: SEC Documents
2.
Washoe County (Reno) played by the State rules by submitting the applications to the State by 18th of August. A three minute presentation is not enough to due diligence on these companies. Clark County was to wait until the State decided, they went first, causing this mess. The State indicated that they decision is final and if they did not provide the applicant with a provisional license, that applicant cannot operate in the State of Nevada, regardless. The State cannot be sued since this was in the application in May, BUT Clark County can be sued since they award zoning permits without the State's approval of what applicants was to obtain a license.
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