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Facts About American Green and Zazzz
There have been numerous lies allowed to be posted about American Green. In an effort to combat those lies here are some links. Zazzz is up and running despite what has been lied about for over a year, especially the past few days since the first machine started sales at Herbal Elements. American Green themselves posted several sales videos and even an ID verification video on YouTube. The videos can be viewed via this link.
http://t.co/G51oZ89MoY
6/23 PR that machines have shipped.
http://ih.advfn.com/p.php?pid=nmona&article=62659582&symbol=ERBB
Folks dawn is rising from the darkness and those that fear the light will say anything to keep you from seeing it.
Once more, AMERICAN GREEN'S ZAZZZ VENDING MACHINES ARE OPERATIONAL, GENERATING SALES AND MORE UNITS ARE COMING ONLINE EACH DAY. I'm sorry for yelling but this needs to be heard over all the noise.
Herbal Elements Zazzz machine is currently making sales. Doctor's Orders Zazzz machine will be online this week with more to follow.
Now here is where the speculation begins:
ERBB's "competitor" MD8X has a market cap over $500m. That's about 5x the value of ERBB. Currently the other company has an estimate 4-5 machine sales at $20k per for a total of $100k max. That other company also sells the unit without residual revenues. The Zazzz machines are leased and share a portion of residual revenues for each transaction per unit.
At $500m ERBB's share price would be about .10-.15
I have done some revenue estimates in a previous post and with 1000 machines placed drawing 10% cut of daily machine sales could easily bring $100m in revenue. Now with the Cannabox deal going these numbers could be pretty bonkers.
1.25 Happened Despite the Denial
Would it be bad if I called your $12-15pps on $1m sales prediction "laughable?"
I'd love to see it since I'm fully loaded in VAPE but........
Naw No, SKTO has $50m in Revenues
But the just can't seem to collect it!
Guess what, I have $245,224,133,967,021,489,492,553.72 in revenues but I'll collect them when I am ready.
Wanna buy my stock? Ticker symbol FAKE
Yes, People REALLY BELIEVE THAT!
Seriously, are you really acting like .15 is such a long shot? When I bought a massive position at .0017 would you have believed 2 months later I would be selling some at .105 for a multi-10 bagger? Sounds like the clowns who bashed me for buying @APL at 28 on 2004 yet today i have nearly 15x the shares after a 2-1, then 7-1 split giving me a cost basis of about 2pps. I'm so happy I don't listen to the clowns.
This place is infected and infested which is a good sign. When the "saintly" folks appear on message boards giving sage advice to sell or not buy or not believe in realistic, then you know the company/stock are on the right track.
Some of Us Saw 1.25 Coming Months Ago
Sure makes it easier to digest the current VAPE share price when it was "predicted" several weeks ago. I thought that 1.25 was "laughable" now it seems that it's miserable.
So the largest VAPE gap is now covered. Like you said, the warrant holders are selling non-stop, that's what is causing the incessant daily selloffs. Smart short players should have covered and anyone still holding an open short position is risking a serious whipsaw. Unfortunately most longs have been scared off after the big plunge from 40 to 1 and also due to the SEC raping the MJ markets in an unprecedented manner. The SEC allows far more significant OTC violators operate and the SEC completely missed Lehman, Madoff and the mortgage crisis that caused the crash of 2008, so I'm pretty angry about how they have crippled the MJ markets. To me, it seems like they are doing this on behalf of big pharma, tobacco and alcohol because the DEA and DOJ have utterly failed to stop the legal MJ movements.
Regardless VAPE is in the doghouse. Nobody is buying. Supposedly sales are good. From the DD I have done, I pretty unimpressed that some of the major shops were unaware of VAPE and Hive. I don't think the lack of info from Kyle is the issue but VAPE needs something because sub-1 is coming fast.
I've been buying VAPE recently. You'll see my bids coming across in 1123 share lots. So far I'm up to 12,500 or so shares with a CB of 1.6
Shhhh, It's About to Get Real
I don't want to steal any thunder from our AG friends but things are happening that make me very happy as an investor in ERBB. I don't have PM and this is my only post for the day after being hobbled (I think by now I could probably get off iHub lockdown but who cares).
As for the comments about Stephen's appearance........give it up. Do you know how much John Scully hated that Steve Jobs often came to work barefoot and refused to wear a suit? The man who created the most valuable company/brand on the planet dressed in a black turtleneck, New Balance sneakers and jeans. Corporate clown suits don't impress me. I work in a business where the most successful tend to be the most disheveled so be careful judging a man by his threads.
I never do this but I think the next PR will be a bombshell. I would be buying more ERBB but I am strict in trading principles and said I would not unless it dipped below .02
Maybe I get lucky, either way I'm pretty excited.
Crossrip, Social Media Isn't the Key
American Green needs to get these machines up and running. Shearin is working hard at that and from my last communique he stated his "order queue is getting pretty ridiculous." Unfortunately, AG and Shearin's credibility is no longer at the point where a simple PR or Tweet with breath life back into ERBB.
Three major factors that will cause a bull stampede of epic proportions are earnings, institutional investment or even positive government actions. Placement of Zazzz machines will bring some solace and a solid earnings report would be welcome and would likely provide a boost but that may be a while off.
Posting on message boards, Tweets and FaceBook updates are not going to cut it. If you're buying a stock or holding a stock in anticipation of Tweets that's not sound investing. Stephen is very accessible but the dude needs to take a break from answering shareholder emails or Tweeting and focus on clients/business operations. It would appear he is doing so if he is not answering emails. Also during my last dialogue with Shearin he was receiving some very disturbing messages from all sorts, shareholders included. I think this stresses the need for an IR contact because it is a waste of Stephens time in dealing with this clownery.
Hmmm Price Drop Doesn't Indicate a Scam
I believe you have been on other boards calling other MJ stock the "biggest POT scam"
Price action has little to do with a scam and with VAPE at a multi-month low, calling it a scam seems to be poor timing. I would think at 40+, that would be when it appears to be a scam, although it is NOT. At 40 it may be overvalued, but a scam, NO
VAPE's market cap is really low. If sales figures are anywhere near many of the projections, VAPE should be worth at least 10pps.
Curious, How Do You Know "Sales are Phenomenal"?
I use cannabis daily. Since I work in a "creative" industry in LA, I'm around other daily users. We all have our vaporizers and atomizers and clearomizers....but never once have I seen or heard of Hive products.
Aside from PRs where is proof of all these sales? Back I the day when I got into @APL it was pretty easy to see the iPod sales were gonna be good by looking around at all the white headphone but I'm just not seeing it with VAPE.
I'm not doubting but I've asked about VAPE and Hive at several paraphernalia shops and dispensaries around LA but none of the retailers have heard of them
I Calls Em as I Sees Em
The past few weeks since I have been tracking VAPE it has been pure selling. All day. Everyday. It's pretty insane. There have been some big holders here dumping and obviously those large volume players didn't buy positions in the double digits. Therefore my guess is the selling comes from debenture holders. At some point it has to stop but watching VAPE crash 10% on a daily basis is as I said insane.
When VAPE was at 5, I was the one being called insane for saying it could go to 1.25. Then when VAPE went to 4 I was called an idiot. By the time VAPE hit 3 I became a basher and at 2, it's pretty much fair game.
Unfortunately, not once was I called objective, smart or correct.
Less Than a Quarter Away from 1.25
That once "laughable" target of 1.25 is no just barely 2 dimes from happening. I'd say it does and will be waiting until VAPE drops to 1.25 before I even think of buying. At this point sub $1 wouldn't surprise me.
The selling here is insane. Let's hope it's debenture payments because otherwise the incessant selling pressure could very likely be insider sales. The constant volume come from a big holder(s) and if it was some insider sales without a Form 144, VAPE could face some SEC scrutiny.
Give the Man a Break Already
"Shearin a disaster"
That is preposterous. Stephen is busting behind to bring value to ERBB through operations and business execution. He has also been incredibly cautious to proactively combat SEC issues by releasing disclaimers and not making false statements about future prospects. There have been some missteps along the way, some of his doing, others not of his doing but the man is earnestly working to develop brand and corporate value to American Green. He is not trying to pump up the stock by projecting speculative numbers or wild-eyed predictions of where ERBB will be in 12 months.
On a personal level, Stephen is just plain good people. He is honest. Thoughtful.
On a professional level he is very well spoken and calculated. He may suffer a little from the "stoner" excitement many of us have, such as announcing the live streaming events without realizing the difficulty of such undertakings but that shows his passion and vision for what he is doing even if the delivery falls short.
He is also practically a one man show. Stephen and American Green need a group to spearhead the numerous projects. It is extremely hard to recruit talent when there is little access to capital for payroll. The conference introduced us to new players over at American Green and I am impressed. Greg comes off as a well groomed, business savvy additional while Michael is the yang to that polished counterpart.
What ERBB really needs is an angel investment or bank loans. Unfortunately right now the MJ market has hit the skids as it usually does for the last 3/4 or the year. This year is different with Washington legalization coming online soon and November midterm elections but the pattern is the same as the past 3 years.
If I Had a Million Shares of SKTO
It depends on your risk. If you can afford to lose it all, hold it for a few days or at least hours to gauge the panic. Slowly unwind the position 200k at a time at prices you see fit. There won't be any level II or bid/ask spreads on the greys so you're firing blind.
If you just need to get out, put in an order at .0075 and hope it gets filled. If it doesn't fill you may have to lower your ask.
SKTO will probably be pretty liquid when it reopens because there will be bottom feeders and short covering. My guess is those players will be small and the real volume comes from massive dumping, quickly destroying the share price with small covering/degenerate gamblers playing games.
I'm going to start with option 1 from above; I don't care about my position. If I even bother to play the reopen after the suspension, I'll probably put in a GTC order at .0075-.008 and let it sit for 30 minutes. If shares get executed I'd keep the position open indefinitely. If shares did not execute In the first 30 minutes, I may lower the price to .005.
SKTO is the first and only MJ stock so far I actually called a fraud and warned if an SEC suspension.
100% DEAD SERIOUS
If you are planning to buy SKTO when it reopens, I am absolutely not kidding but you'd have better chances and probably get a better ROI buying lotto tickets.
This stock, this company and it's officers have perpetrated fraud. If I had any substantial money in this company, I would be contacting legal counsel and hammering them with subpoenas for POs and other financial records. The $50 uncollected revenues are almost laughable and their "business model" is complete hogwash.
Get out, stay out and never look back.
Yeah and OJ is An Victim of Racism
Bill I have a background in personal finance, although I now work in a different industry, a lot of people I work with ask me for financial advice. Over the years, I have advised family, friend and co-workers to buy @APL, QC0M, NFeLX, DDDee and a few other big winners. Even with equities/companies I do not like such as FBee, I still would not tell people to avoid it like a plague.
Only twice have I ever told people to stay clear of a stock, once with KKDee in early 2000 when I was shorting the heck out of it....
And now with SKTO. In the pervious case with KKDee, at least the company had a real product. SKTO's fraud is on an epic scale, akin to Enron or WorldCom. SKTO is nothing short of a complete fraud. I can say this with absolute certainty and anyone still playing this stock is a degenerate gambler.
I have a little over 300,000 SKTO shares and for the first time in 20 plus years of market participation I may likely dump those with a market order on the day SKTO reopens. Dumping an entire position with a market order is the worst possible move anyone can do, but I've made my money here so any price would be a profit.
SKTO IS NOT AN INVESTMENT OR EVEN A TRADE.
Baomike I Agree, but SKTO is a SCAM
Two of the four "alphabet gangs" have failed to takedown hue recent cannabis movement so they are changing the game and rigging it for the real American criminals, global corporations. The DEA just got taken out at the knees with the new house measure preventing any funding from being used against legal medical marijuana. The DOJ has thrown in the towel, conceding that they will allow states to deal with their own cannabis legal positions.
So where does that leave the other 2 alphabet gangs, the SEC and FDA? Well the SEC is unjustly going after MJ companies. There are so many other penny and big board stocks that are being grossly manipulated yet the SEC is hammering the MJ market. Why? To clear the path for the big players who lobby the crap out of our government; alcohol, tobacco, pharmaceuticals, and private prisons.
The next alphabet player to get involved will be the FDA who will impose ridiculous regualations. The FDA is the same company that allows Monsanto to use insane GMOs that are drastically changing not only plant grow but human growth patterns. But god forbid the FDA allows cannabis to regulate itself because it is such a "dangerous" drug with a fatality record of absolute zero in 4,000 years of recorded use.
BUT ALL THAT HAS NOTHING, ABSOLUTELY NOTHING TO DO WITH SKTO.
SKTO IS A SCAM.
SKTO is claiming $50m in revenue yet they cannot collect a dime..BULLSH!T.
I can guarantee if the SKTO officers cannot collect that money, there would be a long line of lawyers who would love to help on a contingency basis. But the problem is SKTO cannot approach a lawyer to help recover those $50m revenue because in order to do so, you need purchase orders and other backup paperwork as records of real revenue. But those revenues are NOT real.
Do not be fooled by the lies being posted here. This company is absolutely dead in the water. They don't provide a tangible, unique or even real service. Weed delivery on the Internet? Puhhhhhlese, local dealers have been doing that via Craigslist and email for nearly 2 decades now and that space is already incredibly crowded in California. Dispensary consulting? Yeaaaaah riiiiight. Not a single dispensary I have visited across SoCal has ever heard of SKTO, SK3, Medical Greens and only a few had heard of PharmaJanes but not because their dispensary participates in that fraud network, but because they had seen stuff on Getting Doug with High
SKTO is a complete and utter scam. I don't say that often and only twice have I ever suggested the SEC will halt a stock and SKTO was one of the times almost exactly a month before it actually happened.
Cross rip the PR Was NOT "Misleading"
Over promise, under deliver....yes.
Jumping the gun...hell yes.
Upsetting.....oh yeah.
But misleading, it was not.
The PR was clearly released way too early. It shows the tremendous pressure AG and Shearin are feeling to bring the Zazzz machines to market. The company definitely should have held off until the machines are literally 99.9% ready. My fear is that Stephen has not done his due diligence at Vending Design Works by doing multiple site visits himself and doing QA testing personally. I wouldn't dare issue a PR that the machines are ready until I had poked and kicked each piece of the unit.
What has happened here is common. How many times have major tech companies delayed the release of new machinery? In a reply to my previous post, someone stated that the Zazzz machine is just a "rechipped" snack machine and that is a gross oversimplification. Last I checked most states have very strict vending laws and then there is the whole cannabis aspect, which has its own set of legal and social regulations. Theoretically it sound simple, just tweak a snack machine and you got a product but there are so many hurdles; finding a manufacturer that will build units for an a typical pay structure, fighting outdated state laws.....
Your anger is righteous and as a shareholder you are right to be upset. This is a difficult time for ERBB and the MJ sector as a whole. The failure to deliver on several recent PRs has left us high and dry but Shearin is not trying to mislead anyone. He is trying to use his media knowledge to create interest and recently it has backfired.
If you want to stay long here, keep this in mind:
There is a major demand for cannabis and the legal outlets that sell it will be looking for a way to most effectively sell to customers. Ideally, the Zazzz machines will service both buyer and seller, making for a unique experience.
Bummer of a Week
I'm not going to sugarcoat it but the failure to deliver on promised events of this week just plain sucks. I don't care a bit about the streaming failure on Tuesday. I think Stephen recovered just fine and lead an informative intro to American Green's new hires as well as disclosing important company info.
But my heart sank on Tuesday from the sheepish and vague partial disclosure that the Zazzz machine was further delayed which became fact when there was nothing produced on Thursday other than another "Zazzz is shipping" PR. The excitement has once again worn thin and an opportunity to capitalize was squandered.
Now don't get me wrong, I think American Green and ERBB have massive potential. After several dialogues with CEO Shearin, I am confident in the strength of AG management and it is unfortunate to hear of the harassment he has suffered, especially recently. Stephen is NOT responsible for shareholder's capacity for risk. If you can't stomach large swings, typical to penny and big board stocks, sell and move on. Harassing him or blaming him for losses is akin to yelling at a 7-11 cashier for selling you a losing lotto ticket or yelling at a casino blackjack dealer for dealing you a bad hand. I've seen idiots blame trading losses on spectacular CEOs like Steve Jobs, Bill Gates, Larry Ellison, Jeff Bezos, Reed Hastings and other company chieftains. Stocks move up and down, if you get caught in a losing position, take some responsibility for your actions instead of blaming others. I don't evangelize dynamic CEOs but I understand the importance of good leadership. Stephen is working to create value through partnerships, products and realized potential, not trying to inflate ERBB with hot air via PRs.
Bringing new products into a nascent market is no easy feat. Just think of the delays Apple has to develop, market and sell their goods (http://www.folklore.org/StoryView.py?story=Real_Artists_Ship.txt). Apple also puts products to market before they are ready, leading to numerous bugs and scrambling for fixes.
Unfortunately, the PR from a few weeks ago got many shareholders excited. Not only did we get a date for the operational launch of Zazzz (Thursday, June 12), but there was disclosure that the machines may be up and running prior to the actual date. Not only were they not ready before the date, they still are not ready AFTER with little promise of even being ready in the next 7-10 days.
Instead we got a wet sock of videos, including the Zazzz demo video that looked like a 1970s internal corporate video. It was nice of Don at Vending Design to do the little demo but that bit lacked a much needed intensity after the months of Zazzz delays. Stephen's video was totally unnecessary considering much of that info was discussed Tuesday.
We were fed crumbs when we are starving for a meal.
I haven't sold my shares and my last sale was at .105.
I will not sell again until .20 and if ERBB dips below .02, I'm a buyer.
Once again, I will mention the typical cycle of MJ stocks. Over the past 3 years, MJ stocks are high fliers in Q1 and they sell off the rest of the year. This year both the pop and drop have been exacerbated by Colorado legalizations and the SEC shenanigans. And YES I am calling shenanigans on the SEC because there have been so many other penny stocks allowed to break rules without consequence, not to forget the insanity of Enrons, Madoffs and the too big to fail (jail) banks that the SEC completely "overlooked."
This industry is under attack by the alphabet guys; SEC, DEA, DOJ and by liquor, tobacco, and big pharma industries. Fight back. Support American Green. Support the movement. Don't just sit back and bitch on message boards.
Another Day, Another Event
Tomorrow shall be interesting. There is a lot riding on the operational launch of Zazzz. Shearin and company know this. I can only assume any lack of response from Stephen is due to his preoccupation with Thursday's happenings.
Regarding the disclosure on the AG website, I think it is a pretty shrewd maneuver. The note will protect AG against civil lawsuits and also sends a message to the SEC that the company is not trying to bait shareholders.
Admittedly, I am a little concerned about tomorrow. During Tuesday's conference Stephen did say he has confirmation of 2 machine deliveries which is good. But then he did seem a little nonchalant about further delays, should they occur. To quote Steve Jobs, "real artists ship." It is imperative that one or more Zazzz machines are operational by Friday. Preferably, Zazzz would have been operational shortly after the Montana's release in order to capitalize on the global media exposure. But alas, tomorrow will be the make or break point.
I'm not anticipating a major jump in the share price of ERBB unless the event is spectacular. While the streaming video would be cool, it is a big endeavor for a small company. Heck even Apple taped their events all the way up until this past June WWDC when they streamed it for the first time (prior to this year, live blogging was the only way to get real time info of the events). Prerecording these types of events is often preferable because it gives the company a better chance to control the exposure. As for Tuesday's streaming troubles, who cares? I don't.
Cross fingers, pray, rub Buddha's belly......do what you gotta because ERBB need some good ju-ju.
I Bought ERBB During the Darkest Times
Check out the post I am replying to. This was back in November 2013 when ERBB was at its lowest point in the 2 years I had tracked it. Back then the board was infested with negativity as it is today.
Don't get me wrong I sold a lot of that position at .06 and .105 but I have more than half of it riding for free.
Back then Zazzz was unknown. Shearin was not part of the company. And bashers told everyone to sell.
So much has changed for the positive. After readjusting my outlook in Q2 2014, I will now push back my time horizon until Q2 2015.
I'll sell some at my target of .20 and if it dips below .02 I'll buy back all the shares I sold.
Delusion, Denial and Outright Lies
That's what I'm seeing from SKTO shareholders.
I, myself, am a shareholder with just over 300,000 shares of SKTO. Fortunately, those shares are paid for several times over as the position was originally twice as large but I sold 50% at .04, having bought at well below a penny. I couldn't care less about that remaining 300k share position and that has helped me retain clarity during this suspension. Obviously others are not so forthcoming.
For lack of a better word SKTO is a turd in a punchbowl. Before people get upset, please check my history and note not only what I said above is well accounted for, but I was suggesting SKTO would be halted a month before it happened.
The SEC did not suspend SKTO becuase they are trying to stop the company from growing or being successful. SKTO was halted because they are releasing completely false information. SKTO has lied about $50,000,000 of "uncollected" revenue. That alone warrants suspension and if the SEC determines those numbers are completely fabricated, I certainly would expect SKTO to be completely shutdown and the company officers to face formal securities fraud charges as well as civil class action lawsuits.
The $50m question is not the only issue but is the most significant.
DO NOT LISTEN TO ALL THIS BULLSH!T SPIN ABOUT HOW SKTO WILL BE FINE AFTER THE SUSPENSION. It won't. Who in their right mind would seriously buy this stock. Who wants to have ownership in a company that cannot even collect on $50m in revenues? JFC people, if the company cannot collect the $50m, there would be a massive line of lawyers who would love to help. But that would mean the revenues had to be real. And that are not. Period.
Anyone telling you this stock or company will be okay is either completely in denial or they are hoping to offload shares on you.
I would not be surprised by triple zeros on the day SKTO resumes trading.
Not Sure What People Expected
But if you expected ERBB to soar, then clearly you have been disappointed.
Let's be realistic here, the live stream was a total face plant. Let's also be honest, this is not the first time something like this happened. Now matter how much preparation was done, this sort of technical glitch is something that occurs to the biggest and smallest of companies. American Green is not the one at fault.
I am part of the camp that believes the overwhelming interest in watching the event is the likely cause of the glitch. Regardless, like Apples past keynotes and conferences, I'm just fine watching the event after it happened. There really was not much info for me to learn considering Stephen has personally answered my questions via email.
I think the June 12 Zazzz machine launch is a far more significant event. At this point the only catalyst that will move ERBB is confirmation of operational Zazzz machines. Once those machines are in use, revenues should follow and provide guidance on future income.
American Green is undertaking serious measures to become operational. They are miles ahead of other companies just entering the cannabis space. Setting up the Zazzz machine has gone from being a long promised piece of possible vaporware to a real, operating machine being placed in several dispensaries.
For those flipping ERBB, I don't have any advice other than buy the dips and sell the rips.
For those investing in ERBB, have some patience. These are great entry points. Don't expect riches overnight, but in a year or so, ERBB could be a major player in the MMJ realm
Really? That's a Gross Misinterpretation
So when @APL grant options to employees and consultants at strike prices vastly below current share prices, do that mean the company is really worth that strike price? I know some folks who were granted options at 50 yet @APL is worth 650? By your logic, that stock should only be worth $50.
What a silly, simplistic way to lie about how a growing company pays for operational expenses.
ERBB is valued at whatever the market participants will pay for it. Read my post stickied above. Even low estimates of Zazzz revenues could be in multiple-$10s of millions.
Great Stuff Coming
This is my single post for the day but I'd like to say that big things are in the works. The Zazzz vapor pens are here. Stephen shipped me some the other day as a wonderful personal gesture. I'll defer to him on announcing the hardware but it is an excellent choice in vapor pens.
As for the Zazzz delays, the main reason is due to some faceplate mounting and software issues that have all been worked out. Shearin stated that once these issues are resolved, mass production of the hardware and software can begin. Guess what, the issues are resolved......production is happening.
I can't say much more as I don't want to divulge any sensitive information or steal the upcoming thunder from American Green's beautifully orchestrated events. Stephen is playing this with all the craft of Steve Jobs. In due time I can disclose why he sent me the Zazzz branded vapor pens but his doing so was such a kind personal gesture, I'm truly at a loss of words to explain how much I appreciate what he has done.
The videos and interviews were taken down due to that person's updated professional entry into the cannabis space. That same person also has quite a spotted past which I was truly shocked to learn. I can't disclose details because the post will be removed but you could probably PM some users here for more specifics. Basically, that person is not the kind of associate most people would befriend.
And that's my one post. I'll be going radio silent over the next few weeks due to some major personal and professional events. Just know that American Green is docking soon and Captain Shearin has an amazing voyage planned for all those willing to board.
That's Irrational Rationale - SKTO IS A FRAUD
The SEC suspended SKTO because the company is reporting $50m in revenues via PRs but the income doesn't show up on the books. THAT IS FRAUD.
I'm amazed that shareholders here are unable to grasp that simple concept. Here's another bombshell:
OJ Simpson killed Nicole Brown.
Aside from the financial fraud, the company is lying about operations as well. I have spoken with numerous LA based dispensary owners and managers yet not a single one has even heard of SK3 or AEGY. How can SKTO be "managing" all these collectives but nobody has a clue who they are?
I guess we'll just have to wait for that Larry King interview.
None of the companies officers have any experience in the cannabis market. They used SKTO to cash in on the MJ hype and are now paying the price. My first clue of fraud was the endless PRs about Getting Doug with High but when I dug deeper, looking into the revenue discrepancies and the lack of dispensary presence, the signs of fraud we to obvious.
Look, I own several 100k shares here. Thankfully they are paid for already and if I sell, either way I'm good, but I'm pissed, mostly at myself because starting in May I began posting my concerns, including a post "Is SKTO Next to Get Halted?"
Man That Fat Chick Sure Can Wail!
The fat lady will hold the note for 10 days and then shows over folks. SKTO got the sheep hook. Bub-by
Hey Nero Wanna Buy a Fiddle
Some think they are looking at the big picture but don't realize while they are distracted, their pockets are being picked and the mouse's neck gets broken by the trap.
Boy it's gonna hurt in 10 days for those who cannot accept the reality that SKTO is dead in the water.
Keep fiddling while Rome burns. The music is pretty but the result will not be
ITS NOT THE SEC'S FAULT SKTO IS A SCAM
Blame lies only with the company and it's officers. I think the SEC is a joke. They were completely ghost when Madoff, Enron, WorldCom, Citi, Goldman, Merrill, Lehman were ripping folks off. FINRA is even worse.
I am still furious that the SEC and FINRA made a blanket statement about the MJ industry.
But SKTO is nothing short of a complete sham company.
I have done my DD here in LA by asking numerous dispensaries if they have even been approached by SK3 group for management services and out of 15 of the city's top dispensaries, NOT A SINGLE DISPENSARY MANAGER OR OWNER HAS EVEN HEARD OF SK3, SKTO or AEGY. Only 2 had even heard of PharmaJanes.
Aside from that, reporting $50m in revenue but not being able to collect a dime is just outrageous.
I have never claimed a single MJ stock would get halted until a few weeks ago when I posted "Is SKTO Next to Get Halted?"
Bill LET IT GO ALREADY
Please stop trying to drag others down. SKTO is absolutely toast. Buying after the suspension is throwing good money after bad money.
This company has repeatedly lied, provide false financial information and misled investors.
Several here called SKTO a scam from the start and they were right.
The whole time there has been several pumpers claiming SKTO was legit. You were wrong. Period. Stop trying to drag others down
STAY AWAY FROM SKTO!
Are There Though?
If one of the premiere shops in LA, the very city where VAPE has company HQs, has never heard of Hive, what does that say? That is like a major liquor store not knowing what Budweiser is.
Interesting Chat at LA Vaporizer Shop
I stopped into a LA paraphernalia shop the other day called Happy Endings. I need to pickup a part for my new vapor pen. The shop is full of every type of smoking utensil and device known to man. They have vaporizers and even Hive like ceramic parts.
Oddly enough I asked the shop owner if she had ever heard of Hive but she had not..this sends up a red flag for me. Happy Endings is one of the most popular paraphernalia shops in LA and yet they have not heard of Hive nor do they carry their products?
BILL SKTO MAY NEVER TRADE AGAIN
That is completely wrong that SKTO will definitely trade again.
During the next 10 days the SEC could find gross misconduct, securities fraud and malpractice leading them to completely shut down the equity.
1. SKTO's product is federally illegal
2. SKTO has lied about completely bogus revenue
I'm not as concerned about issue #1 but #2 is the most obvious sign that SKTO is a complete scam.
Forget the failure to deliver on the long touted "Larry King interview." Forget the AEGY merger that supposed to happen a month after being announced yet 4 months later, nada.
What made me realize this is a scam is $50m in "uncollected" revenue. If those revenues were legit, any lawyer in the world would jump at the opportunity to help collect those revenues as the legal assistance could bring in seven figures worth of legal fees. The fact that there has been zero legal effort to collect those supposed revenues shows that the revenues ARE JUST NOT THERE. PERIOD.
That's a Big Ol YESSSSSSSS
Gee what a shock!
SKTO is D-E-A-D
Do not listen to those claiming this will be okay in 10 days. Do not get false hopes of recovering your money.
Just get out if you can.
At least PH0T has a legitimate business, selling legitimate goods. SKTO sells federally illegal goods and lies about BS revenues.
Get out, get out, get out
Bill SKTO is DEAD IN THE WATER
I will put in a sell order the day SKTO resumes trading and dump 375,000 shares ASAP. Not a big volume but I can guarantee I won't be the only one.
My plan is to wait out the first wave of selling, hoping for a small pop due to short covering before dumping the position. If the covering doesn't happen, I use a market order to just unwind the position quickly.
SK3 is a complete scam.
I live in Los Angeles and have been a MMJ patient since 2003. I have been to countless dispensaries in the city and have friends who have opened shops (both shut down but not after they made lots of money). Not once, not even once has any dispensary staff member, manager or owner ever heard of SK3, SKTO, AEGY or PharmaJanes. Nobody has even been approached, contacted, visited or otherwise by SKTO, SK3 or AEGY.
ONCE MORE THE ABSOLUTE BOTTOM LONE IS THIS:
$50,000,000 in legitimate, uncollected revenue would have lawyers salivating. Typical commission based legal fees are about 33-45% and any lawyer in the world would jump through hoops of fire to get a piece of those uncollected revenues, from Johnny Ambulance Chaser, to Big Cheese Jim at a high-power Manhattan firm. That says it all for me
"Shorts" Don't Make Squat
On a single penny. Even with a 1,000,000 share short position the maximum return is just under $10k because if SKTO goes to 0, the short can't cover since the stock won't be trading. So maybe that 1m position could be covered at .005 but even then, that is just an absurdly stupid risk. Anyone who shorts 100,000 shares or 500,000 of a stock at .01 is a fool or a degenerate gambler.
Nobody's making good money past this point. SKTO is dead in the water until the inevitable flush. Many of us saw it coming. I'm just pissed because I realized SKTO was a scam at about the same time PH0T was halted but I stupidly never sold. Check my post history on this board, I just did and it makes me cringe.
Buuuuuullsh!t, They are Scam Artists
They are complete liars who made up outrageous revenue numbers and then claimed they couldn't collect the dough. ABSOLUTE GROUND ZERO BOTTOM LINE:
If SK3 didn't have a team of lawyers working to recover the $50m of so called revenues, THOSE REVENUES DO NOT, DID NOT AND WILL NOT EVER EXIST. PERIOD
SK3 knows nothing about marijuana except that it is an incredibly hot topic these days and they scrambled to pick pockets of people who were interested.
I have been to numerous dispensaries in Los Angeles and not a single one has ever heard of nor been approached by SK3 for "management" services.
This Scam Was Too Obvious
Hey, I'm going to lose about $3k on this one. I got in at about half a penny and sold at .04 so that money is just play money. I don't mind losing money on trades that go south but it sucks to lose it when I knew this was a scam. I should have sold out months ago when I first started posting about SKTO being a scam, as I did in the post I am replying to.
This dog needs to be taken behind the barn and set "free".
I Think .05 Would Be the Low Estimate
1500 machines at a lease fee of $100/month is $150k/month and $1.8m per annum.
But that's just the leasing fees.
In my stickied post I discuss a dispensary that has 2 customer accessible, traditional vending machines that have been in use for several years. From what I have seen with those machines and my discussions with dispensary staff, I have estimated they take in about $1000/day.
If ERBB takes 10% of those sales, that's about $3000/month. Average that out over 1500 machines for a total of $4.5m/month and a whopping $54m per annum! And that's only at a 10% estimate which is low because a typical markup for services would be closer to 20-30% bumping those estimates up to over $100m per year.
Even the $1000/day estimate is low considering some of the top dispensaries in California make as much as $2m per month and over $20m per year.
AND this is only speculation on Zazzz machines void of Jurassic Water System sales, upcoming Zazzz vapor pens, OneBode......
Folks, if these plans come to fruition, American Green could see a billion dollar market cap in due time.
ERBB: Speculating on Spectacular Potential of Zazzz
In just a few days American Green will be hosting several events that should provide clarity and direction regarding recent operational developments. The company is establishing itself as a premiere cannabis enterprise with a seed to sale to smoke approach. American Green has firmly positioned its business from cultivation to distribution and on to consumption of cannabis.
NEVER BEFORE HAS A COMPANY BEEN SO INTEGRATED IN A SINGLE MARKET. In the previous black market of cannabis cultivation, distribution and consumption were all divided into separate sectors; cultivators were rarely involved in the street level distribution. Distributors did not sell products like pipes or other smoking utensils used to consume cannabis.
American Green sells all that;
Cultivation - Jurassic Water Systems (JWS), AG has a joint venture in Colorado to open a growop
Distribution - Along with the growop, AG plans to open an adjoining dispensary, and then there is the Zazzz machine which could be a juggernaut of distribution
Consumption - Zazzz vapor pens. LET ME BE THE FIRST TO TELL YOU THAT THE ZAZZZ BRAND VAPOR PENS ARE HERE!!!!! I don't want to steal any thunder from Stephen, but I can 100%, without hesitation say that a line of Zazzz vapor pens are soon to it the market. How do I know? I had one in my hand a second ago and took a morning rip. I could give the model type and specs but thats for Stephen and the ERBB crew to disclose.
I will repeat it again NEVER BEFORE HAS A COMPANY BEEN SO VERTICALLY INTEGRATED WITHIN AN INDUSTRY. This is equivalent to Coca Cola owning the sugar plantations (more like corn for high fructose corn syrup) as well as owning the bottling, trucking, vending machines and even straw/cup makers.
And now the fun begins. With all this development in place, we can start speculating about numbers. Obviously since this is such a nascent industry, the revenue figures are pure speculation.
Lets start with the big picture, the overall cannabis market. While everyone complains about "transparency" in the MJ OTC and pink stocks, American Green is an open book compared to the cannabis black market. It is difficult to truly measure the size of the cannabis industry because previously illegal activity of moving the products were not reported but here is what we do know;
In the last 80 years of cannabis prohibition the demand has been so great people are willing kill and die in search of profit. The demand for cannabis is so great that 80 years later the US Government is bowing to the will of the citizen's cries for legalization. Think about that for a moment, think about the significance of the last 2 sentences.
It is estimated in the United States alone the cannabis markets generate between $20-100 billion annually. Again, those figures are hard to fully realize due to the nature of the blackened market but here is a telling fact; for the past 20 years California's number one cash crop is cannabis. Even before CA legalized medical marijuana, the state's largest crop was an ILLEGAL product.
So where does ERBB, American Green and Zazzz fit into that market?
Zazzz
Right now there will be 4 machines placed at dispensaries in 3 different states. For those who do not know, California already has basic vending machines in place. Check Leafly or Weedmaps for Zen Healing in West Hollywood to see pictures of the 2 simple, coil release, alphanumeric keypad machines at the shop and scroll down to read comments about how much customers like the machines, which were so popular the shop got a second machine.
Shearin has stated the goal is to have 1000 machines operating so I'm going to use that number for breaking down a revenue structure. He has also stated the lease will be priced at $100/month or so which will also be factored in.
So with 1000 machines at $100/month that brings in $1.2m per annum.
But the numbers get real fun when you estimate revenue sharing with dispensaries. At the Zen Healing dispensary mentioned above, the machines are filled with $30-100 items and the shop's one machine was so popular, they added a second machine. I would estimated each machine pulls in about $1000/per day.
Based on $1000/per day per machine, if ERBB could command only 10% of the sales, the revenues from Zazzz could be ENORMOUS. A single Zazzz machine could bring in as much as $3000/month for a total of $36000 annually per machine. At 1000 machines x $36000 that could bring in $36m per year. Keep in mind that is ONLY 10%. Most service markups are around 20% so it is possible Zazzz could be a $100m revenue generator.
And lets not forget the potential to push OneBode products through Zazzz machines, exposing the OneBode goods to a whole new market. There is also potential to sell the Zazzz vapor pens mentioned above, as well as other Zazzz branded products via the Zazzz machine, possibly increasing revenues.
Intangibles
Jurassic Water System - This could be enormous. With a $1.17m order already, JWS could very easily become a massive revenue generator because the application is not limited to the cannabis industry. Any crop using irrigation, WHICH IS EVERY PLANT ON OUR PLANET, could benefit from oxygenated water. If you have ever grown hydroponics, oxygen regulation in the water is essential to strong root growth.
American Green Websites - Ad revenues, product sales, and other revenues could be a big part of ERBB's earnings.
OneBode - The health supplements market is massive. MASSIVE. I spend about $100 per month on supplements and vitamins.
Seriously folks, I could go on for days but I have things to do. If you've read this far, I've saved the best for last.
ERBB COULD EASILY COMMAND A ONE BILLION DOLLAR PLUS MARKET CAP. If competitors like MD8X were at one point valued at $900m with their whack setups, ERBB could be twice that considering American Green's operations vastly exceed just the Zazzz vending machines.
That "Analysis" is Waaaaaaay Off
Those estimates only factored in the leasing fees for the Zazzz machine, not licensing fees or revenue sharing from sales via Zazzz. Completely absent are the Jurassic Water Systems which already have a $1.17m preorder. Also forgotten are OneBode, USE! and ERBB partnership to establish a growop/dispensary in Colorado. There is also a complete lack of future revenue from Zazzz vapor pens or newly expanding product offerings on the website. I'm not saying T-shirts are going to bring ERBBs market cap into the billions but the company is rapidly offering new products.
But most important, that financial breakdown of of Zazzz revenues is flawed.
Stephen stated the Zazzz lease is relatively inexpensive. I think the $100/month was what Shearin stated so the $1200/year leasing fee is correct but you didn't include the yet to be disclosed revenues from products sold in a Zazzz machine. Those revenues could be a significant percentage of sales at dispensaries via Zazzz machines. A popular dispensary in California can make over $1m in a single month with the largest making around $2m a month. Just 1% of that $2m from a dispensary is $20k per month on a single machine.
ERBBs goal is 1000 machines. While that may not happen in a single year, even with a conservative estimate of $5,000/month per 1000 Zazzz machines, that's nearly $5,000,000 a month and $60,000,000 per year. With as many as 35 states with MMJ legality by November 2014 elections and nearly 1500 dispensaries in CA alone that $60m estimate could be vastly understated.
And once again, the Zazzz machines are merely just a single facet of ERBB/American Green's business. OneBode products may be offered in Zazzz machines giving sales a boost. Jurassic H2O products may transcend the MJ industry and could be applied to other agricultural products. The American Green vapor pens are another source of interest as are the partnerships in Colorado.
But then there are the intangibles.....a partnership with Dixie Elixirs considering they had a recent break up with another MJ company?
$400-800/month is almost laughable for future revenue forecasts