In an 8-K filed with the SEC on January 18th, Terra Tech Corp. (OTC:TRTC) disclosed that the company entered into a Lock-Up Agreement with Michael James, the company’s Chief Financial Officer, under which Mr. James agreed not to sell any shares of TRTC for a period of one year from the date of the Lock-Up Agreement.
Based on a Form-4 filed with the SEC on the same day, James Michael beneficially owns 11,000,517 common shares of TRTC. At a last trade price of $0.32 per share, Mr. Michael's ownership is valued at approximately $3,520,165.44. This represents roughly 1186% of the 927,278,392 shares outstanding as of December 31st, 2017.
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