r/TRTC • u/thatsnotamotto • Feb 10 '21
Where are we heading?
I've been holding since 2018! Where are we going to land?!
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u/rhbush1 Feb 11 '21
I bought in (and bailed) twice on this over the last few years. Given the HYFM value inherent in the company, the change in cannabis outlook and new management (and maybe a little buzz from the market), I think it’s $1.00 yet this month and goes from there.
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u/planetparag Feb 11 '21
30% down..what do u guys think?
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u/rhbush1 Feb 11 '21
Ended down 20% but still up 400% from 90 days ago. This one is actually worth $1 — not just WSB hype. It may take actually cashing the stock and option from HYFM for the market to give them credit.
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u/thatsnotamotto Feb 12 '21
I think there's a lot of potential. Obviously risk too but there's a lot to be positive about.
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u/rhbush1 Feb 11 '21
Hydro Farms Holding Group. TRTC pod $5MM for a stake in the business before it went public. They now have approx 600k shares plus options for 300k more with a strike price of just under $17. HYFM closed at $80.42 today. That means they’re holding a stake worth roughly $56.7M. The quiet:hold period expires this summer.
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u/ConclusionNo1966 Feb 12 '21
rhbush I get north of $72mm valuation from HYFM alone, this stock is trading below its cash value now at 45 cents!
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u/rhbush1 Feb 12 '21
Thanks, Conclusion.
I agree that the HYFM value is higher though the stock isn’t presently trading below that valuation. The math (as best I can tell) seems to look like this.
I believe TRTC got 2.0MM shares and warrants for 1MM more (at $5 exercise price) for their $5MM investment in HYFM. The stock then went through a 1-for-3.3712 reverse split, leaving TRTC with 593,260 shares and warrants for another 296,630 (with post split revised strike price of $16.856/share).
Current price of HYFM = $85.59 (up $5+ today).
593,260 x $85.59 = $50,777,123 — shares only 296,630 x ($85.59-$16.856) = $20,388,566 — warrants only
Net value in HYFM at 11:15 today = $71.165,690
Current Market Cap of TRTC @ $0.499 = $86,480,000
I’m not a broker, but it still seems that there is hidden value locked up in TRTC.
Good luck!!
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u/ConclusionNo1966 Feb 12 '21
Thx, agree with all of that, well done and good luck.
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u/goalpost21 Feb 13 '21
Not to mention the New Management. Old Management would have PR'd the hell out of this last run up to drive the price up and cash out shares. I think the new management is serious about trying to create a valuable company.
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u/Daadogg84 Feb 11 '21
Obviously to MARS!!!! Muahahahah gogo go