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capt_smith77 3 posts  |  Last Activity: Aug 25, 2015 1:03 PM Member since: Jun 4, 2008
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  • Reply to

    10Q out

    by lu24baltimoron Aug 19, 2015 4:29 PM
    capt_smith77 capt_smith77 Aug 25, 2015 1:03 PM Flag

    Well, they've managed to more than triple the share count in just three months time, despite no cash being added to the balance sheet, and still needing toxic financiers to fund their daily operations. Revenues are pathetic, and that's saying it lightly. How many products do they have in how many stores again? The numbers simply don't add up, especially when you factor in that Walgreens dropped MSE around the summer of last year. I didn't even find this out until I visited a local store where I was told it was recalled.

    The company still owes Martha Stewart a substantial amount, can't pay it's preferred holders, and doesn't even have the money to back purchase orders without having to take another toxic loan. The company's last chance was their CBD product lineup, but the company was either too afraid to launch it due to FDA or legal regulations, or the product never existed in the first place. Either way it matters little as the CBD products were their last chance to turn things around both financially as well as from an investors sentiment standpoint. Sorry, but a lousy 200K in revenues won't cut it with their expenses and history of toxic debt. If this company isn't close to bankruptcy, then what company is?

    Sure, they can always reverse split the stock, but even then you still need liquidity in the stock to attract new toxic financing that typically want to dump their shares into the market as soon as possible. Even worse, the main guy that finances them (Sason) has a "Right of First Refusal" agreement with the company last I checked.

  • Reply to

    About to increase 8 Nevada Dispenseriers

    by troymontana13 Aug 18, 2015 12:36 PM
    capt_smith77 capt_smith77 Aug 25, 2015 12:48 PM Flag

    Terra Tech dispensaries mean absolutely nothing if you don't even have a CBD product to sell in them. Look for any mention of Nulief, CBD products, Terra Tech, etc in their filings with the SEC and you'll find nothing. Unless these new dispensaries plan on adding vitamin products to their lineup, then don't expect any news revolving around POS Inergetics.

  • Reply to

    In love with this

    by meatndtatters Aug 19, 2015 11:23 AM
    capt_smith77 capt_smith77 Aug 25, 2015 10:23 AM Flag

    They shouldn't have to if their distributors push their products every year...... And they'll have to in order to keep any licensing deals in place.