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Unintentional (or Intentional) Blessing in Disguise
Elections are here but alas the Mach 2 Zazzz is not. I've been pretty critical of American Green over the past few weeks but the eternal optimist is fighting it's way back.
I'm starting to think the sheer luck of the Zazzz delay timing may actually work in American Green's favor. With the recent election hype maybe American Green can capture a little of that interest announcing some Zazzz progress over the next few weeks. As the laws change so will the media interest in new MMJ or RMJ states and AG could gain further exposure.
Riddle Me This
Legalization WILL help MJNA because it raises cannabis awareness as a whole. 90% of the American public has no idea what CBDs are and about half those people still think cannabis is a dangerous drug. Anyone who says legalization could "hurt" MJNA has a myopic view of the industry.
When someone discusses that MJNA would be "hurt" by marijuana legalization, how is it off-topic to say that that "opinion" is flawed by using an analogy qualified by on-topic evidence?
Patience is Certainly Necessary
I'm pretty patient. I've held @APL for over a decade through thick and thin because I was completely certain about the company's products and abilities would create enormous value. In ERBB's case I'm equally as sure of their products being exciting and dynamic offerings but what worries me is their ability to bring them to market in a way that creates value to the company.
The Zazzz rollout has been pretty disastrous. The Mach 2 really needs to be flawlessly brought to market, not delivered, then taken back, then updated, the delayed again until finally nobody even knows if it's operational. If I were a dispensary owner, I wouldn't even think of ordering a machine until it was 100% completely operational. I've seen standard vending machines (with refrigeration) in dispensaries across CA and right now, there is no compelling to lease a Zazzz machine over one of those. This isn't like adopting the latest iPhone, it's not a cool factor thing, it's a business decision and in its current state, the Zazzz has not proved to offer any competitive advantage.
My big fear with this consistently bobbled Zazzz launch is that American Green will be operating with limited capital and can only sustain all the supposed R&D for so long before money runs out. Additionally, the excellent media reception has been completely squandered due to the horrible execution. Time and patience are depreciating assets and companies can only use up so much without replenishing the stockpiles.
I do think ERBB could be batted around in the next few weeks due to election hype and annual cycles but I really want this company to break away from the MJ industry hype plays. American Green has vast potential to become a dominant force in the industry.Hopeful, you bet. Patient, yes. But I'm also realistic and know my threshold. Fortunately, despite my caution, my threshold is no where near being reached just yet so I'll be holding ERBB until I feel otherwise.
Alan, Were You Once Supposed to Promote MJNA?
Please clarify
A Note From Perry Coleman
Perry M. Coleman
11:04 AM (36 minutes ago)
I’m pretty sure Alan is lying. He was suppose to write about the company to promote them. The interview with Charles that was canceled was a separate matter. That’s how I remember it. Why don’t you ask him and see if he fesses up… ask if he ever offered to write for the company and would he be surprised if information came out that he had.
Perry M. Coleman
Investor Relations
Medical Marijuana, Inc.
(443) 453-5088
perry@medicalmarijuanainc.com
Johnny I Respectfully Disagree
Of course the display comes preloaded with other products but the fact that those products have not been changed only says to me that further significant delays are inevitable. It will take time to produce images of cannabis related products, ESPECIALLY if they are brand specific.
And AG is not "developing" a "new" product, they are repurposing an existing product. This isn't rocket science. The company is not developing "all new" software as that would cost a fortune. Its not like they are writing code here.
And missing "self imposed" deadlines have a huge negative impact not only on the product but the company as a whole. The Boy Who Cried Wolf comes to mind. All the excitement, all the media attention, all that is squandered when it reaches a pitch but there is nothing there to meet the demand.
Look, Im all in on ERBB. Shearin is a dynamic company officer but we need traction because all the videos, all the webcasts, all the PRs are just spinning tires and we're running out of rubber.
The Infamous Video
First of all, thanks to whom ever shot the video. I could not care less about the "quality" of the video and I think sharing it was a generous move.
Having said that, the content of the video only serves to reinforce my worries that the Zazzz machine is FAAAAAAAR from ready to hit the market. The Mach 2 was supposed to be released in the last weeks of October. No shocker there but it probably won't be hitting stores in the next 2 days although I wouldn't be surprised to see a PR by then. By now, I'm not terribly concerned with the delays.
Here is what really concerns me. The screen showed Lays potato chips! Basically that means there are no graphics for MJ products. And that is the kicker, or the likely "software" delays. American Green will either need to source or produce images of the items in the machines such as specific strains, types of MJ products and the like. Essentially, the Zazzz screens need to show what is inside the machine. So while the screen is pretty and eye-catching, it is actually an impedance to seeing the actual product. There is a reason why glass windows have been commonplace for machines for decades.
My final gripe is that I'm over seeing Stephen standing in front of the machines giving watered down presentations of Zazzz. I want to see customers making actual purchases, NOT beta testing and other nonsense.
Sorry to be so critical, but American Green has really floundered here and as someone who considers himself an "investor" my patience is worn thin.
At Least MJNA Isn't on The Gray Sheets
Stocks there are total losers that only fools would trade. It's especially bad when OTC and pink sheet stocks get in trouble and get demoted to the gray because that place is a graveyard.
Boy I'd hate to own a gray sheet stock and am happy with my MJNA pinkies!
JJJ Gaps Ain't Always Good
Sure gapping up is a bulls friend but it really only serves short term traders well and gaps can be an investors worst enemy. Although the share price is rebounding, the recent gaps from the past 2 weeks do not make me happy as an investor. I'm also a little apprehensive because those gaps are sitting on the 50 day SMA.
Regardless of my caution, the beast wants to hunt. ERBB is on a tear and the only thing holding it back are the MMs keeping a lid on it. The only way to go parabolic now would be a Blue Sky Breakout. ERBB is pushing the boundaries of most bullish technical indicators but it's trending nicely.
Fundamentally American Green is full steam ahead. Hopefully, the Mach 2 placements will bring some serious credibility to AG and ERBB. If the company can get a few dozen placed, that will drastically change the game, not so much in revenue but as an attractive suitor for venture capital.
I hope this election momentum keeps going because I'm enjoying the show.
Yes .50 is Possible
If some of the revenue projections are even close on Zazzz and other parts of American Green's business, ERBB could easily hit .50 but that doesn't mean it will happen any time soon.
The biggest catalyst that could send ERBB "to the moon" is legal reform that would allow institutional investment. American Green has a niche product that could seriously benefit enormously from proper funding to bring it to market. The lack of capital has lead to a lack of well compensated engineers to oversee the software and hardware design, leading to delays and a cumbersome vending unit. If Silicon Valley venture capital came in with even just $25m, I'm sure the Zazzz Mach 3 would be a mean looking piece.
Along the same lines, another catalyst would be if the Zazzz numbers were released and blew people away. This is pretty highly unlikely with only 2 machines and at this point, we don't really know if the Zazzz machine at Herbal Elements or Doctor's Orders are fully operational. However, if American Green releases the Zazzz numbers, we would be able to better understand the revenues per machine and could project future earnings. Should those numbers be decent, I'd say .50 is a definite possibility.
I don't think the November elections will cause the hype from Colorado's legaliazation earlier this year, certainty not enough to get to .50 but stranger things have happened. If Washington, D.C. passes Initiative 71 that could be the start of good things to come but it took 2 years for the MJ market to observe the effects of Colorado and Washington voting yes in 2012, sending the market into a fury by 2014.
Good times man. I really think American Green has carved out a niche in the crowded MJ market. I wouldn't be tripping over yourself to get shares but the crowd moves fast. If you want to invest and have some disposable funds, historically now is the time to buy MJ stocks.
Vman, Zazzz Machines Will Happen
"If" is only a matter of "when". I don't think there is much of a question that the Zazzz will get to market despite all these bumps in the road. The pick and shovel analogy predates Shearin, Gwyther and all of us but I'm sure it was passed around in the early days of MJ equites because it was a way describe the business in a way not to violate the Controlled Substances Act.
I share in your frustration over the repeated stumbles in releasing the Zazzz machines and some of the substance free banter here but I stand by my statements that ERBB has a great shot at becoming a serious investment, much more than some of the other companies/stocks in the secotr
Don't Underestimate Initiative 71 in Washington, D.C.
I'm not banking on the Nov 14 elections being boom time for the MJ market but I'm not going to dismiss it just yet. Once again, the 2012 passing of Amendment 64 and Washington state's passing of similar recreational legalization measures only provided a small bump for MJ equities. Obviously it wasn't until Jan 1, 2014 that the effects were seen in the Publicly traded MJ market. The undeniable evidence of the enormous demand for cannabis was visualized by long lines outside Colorado's new recreational shop, in turn creating a frenzy amongst MJ stocks.
Will it happen again if the pro-cannabis measures pass throught the many new states voting on the issue?
There's no guarantee. I'm not nearly as confident as I was about the Jan 1, 2014 Colorado "canna-volution". Despite the uncertainty, there is one single measure that speaks volumes, whether it passes or not.
INITIATIVE 71
This measure would allow for recreational legalization for private use in Washington, D.C.
I think people are drastically underestimating the significance of this measure in large part because of the seemingly daily announcements of Florida, Oregon or Alaska's similar initiative.
Easing prohibition in the Nation's Captial has a signicant social and legal symbolism. California, Oregon, Washington state, Alaska.....they're all pretty unsurprising candidates for cannabis reform. But when Washington, D.C. is greeting in the game, you know it's on.
Again, I'm not saying ERBB will blast off. I do have a price target if .22 because I believe this company could be making serious money if they can get the Zazzz machine operating. Right now American Green is selling auxiliary, cannabis related goods and services or as Shearin has stated AG is selling the "picks and shovels" to the prospectors of the green rush. When laws change, such as rescheduling, and mainstream institutional money comes to the MJ equity party, ERBB will be a top pick for investment.
Mistake? Like Recommending a Halted Stock?
More unsubstantiated claims against MJNA.
Isn't there some saying about throwing stones and glass houses.....?
Major Techincal Setup
http://stockcharts.com/h-sc/ui?s=VAPE&p=D&yr=0&mn=4&dy=0&id=p03393843696
I would not consider today's candlestick a bearish hanging man. Despite the large percentage gain VAPE has experienced in such a short time, the bounce does not a downtrend break. What does break a bearish downtrend is a bullish hammer and there is a fat one on today's chart.
Obviously there is a lot of fundamental action at play here; elections, massive selloff in the overall MJ market in which VAPE was butchered worst than most.
I Said the Same Thing Myself
We haven't even seen or heard of sales figures, projection or anything about the Mach 1 so wtf is the company doing with the Mach 2? And the "software checks" at the "lab" don't make me any more comfortable about a timely release. On the positive side, at least from the pics there appears to be a possible biometric device/camera on top of the screen.
But that's part of being an investor in a ground floor business like American Green
.
Hammer or Hanging Man?
http://stockcharts.com/h-sc/ui?s=ERBB&p=D&yr=0&mn=4&dy=0&id=p84514984508
Today's price action brought ERBB a mixed signal.
Either it's a hanging man (bearish) or it's a hammer (bullish). The technical outlook is dependent upon interpretation especially whether you think ERBB is in a downtrend or uptrend. Personally, I'm not convinced ERBB is in an uptrend just yet because the rise over the past few days has been somewhat parabolic. Therefore, I'd say today's candlestick is a bullish hammer that may be signaling an end to the overall bearishness of the past few months. There are obvious fundamental factors that are providing some activity in the MJ sector (elections) and for ERBB (new Zazzz/Zazzz placements due soon).
To the contrary, today's candlestick could be a hanging man, signaling a quick end to the recent rally. ERBB doubled from the recent lows and plenty of flippers would be happy to get out.
Unfortunately we have to wait until Monday but if I wouldn't want to be fighting the recent momentum with a short position on MJ stocks right now. Along with today's black candlestick comes a likely double bottom flashed when the October low failed to drop below the August low. I posted about that a while back and that's what had me buying at .015.
Next few weeks should be fun. I got my popcorn and Zazzz pen ready for the show
Mind the Gap - Unclosed by Most Means
http://stockcharts.com/h-sc/ui?s=MJNA&p=D&yr=0&mn=4&dy=0&id=p20980696311
No gap? Most serious technical traders DO NOT consider a gap "closed" until the price literally closes (or opens) below the gapped up open (or close, as it goes both ways). This is especially the for intraday gaps. See there's no support in those gapped spaces just thin trading.
The chart above has 2 major unclosed gaps. From the past two days.
Yeesh!
And Doc K, yes.
Here's My .02 on ERBB
Today was a technical pullback for ERBB and most of the broader MJ market. Of all my banned posts, hopefully at least one stuck where I go into detail about the pullback because I don't want to go further into it.
Going forward here is what I see and more or less hope for.
Here is the chart for reference:
http://stockcharts.com/h-sc/ui?s=ERBB&p=D&yr=0&mn=4&dy=0&id=p59005789179
The volume has come back in the past few days. On the chart above, notice the volume spikes in August and September. Both small pops started with high volume at the lows followed by gradual sell offs. Notice the August low was met with some pretty heavy volume, possibly a pump that made some good money for flippers. The September low was not met with much volume but the high was so my guess is when ERBB spiked, swing traders who bought the August lows were taking profits during that September spike.
But the recent mid October lows were not met with much volume. The volume didn't come in until recently, yesterday really, when ERBB was around .017
I interpret this as good news. With substantial volume coming above that means there are a lot of new positions being established that should provide a base or support. Remember this time last year ERBB was around .002 so I'll take .015 as support any day.
Now we did get a peek at the newest Zazzz machine that is supposed to be placed at several, maybe dozens of dispensaries over the next few weeks. The Mach 2 has a forward facing "3-D" flat screen (?) display. I don't agree with American Green tweeting out pics again as it has not served well in the past and at this point really only raises more questions. So the machine is at the "labs"? I assume that means it still has "testing" to go through so it's still not ready for market? And like the other releases, the supposed "beta" testing took months.
Who knows? I trust Stephen will have some developments soon and I trust him to make things happen. As much as I'm being pulled to the darkside with several critical posts, I'm confident that Shearin will whip up something exciting, maybe even masterful.
And Doc K, if you are reading this, Yes.
TECHNICAL PULLBACK Plain and Simple
I posted this on another board but switched it to be MJNA specific. Either way, this is why you're seeing the same pattern across the MJ markets.
This quick downturn is purely a technical pullback. Nothing more.
I said this in another post but I'll repeat it here because the other one will probably get deleted.
http://stockcharts.com/h-sc/ui?s=MJNA&p=D&yr=0&mn=4&dy=0&id=p89234603428
This chart shows that yesterday MJNA blasted through the upper bollinger band. That means MJNA was more than 2 standard deviations away from the mean. Any statistician or chartist like Clay will tell you that such aberrant price action is not sustainable. I'm not one to call for Market Maker manipulation but when the price action gets frenzied as it did yesterday, the MMs have their work cut out for the suppressing potential panic buying.
Yesterday's bounce may have been a perfect storm of short covering and buying prior to the November elections. I'm not going to get too worked up for these elections despite several excellent measures being voted on in multiple states. Keep in mind Colorado and Washington's 2012 voting for recreational legalization was a minor blip for cannabis equities in November 2012 and it was until 2014 when Colorado's laws were in place before the MJ market took off.
I'll Get Excited When It's In Stores
Good stuff. But not great news yet.
I don't think American Green is doing anyone any good by tweeting these pre-released machines. I'll get excited when I see a customer standing in front of that Zazzz machine, or ANY Zazzz machine.
Partial Solar Eclipse Today
Don't forget to look up today. North Americans should see the partial eclipse starting at 5pmish ET. Next one is in three years. Maybe by then ERBB will be on the moon!!!
TECHNICAL PULLBACK Plain and Simple
This quick downturn is purely a technical pullback. Nothing more.
I said this in another post but I'll repeat it here because the other one will probably get deleted.
http://stockcharts.com/h-sc/ui?s=ERBB&p=D&yr=0&mn=4&dy=0&id=p84514984508
This chart shows that yesterday ERBB blasted through the upper bollinger band. That means ERBB was more than 2 standard deviations away from the mean. Any statistician or chartist like Clay will tell you that such aberrant price action is not sustainable. I'm not one to call for Market Maker manipulation but when the price action gets frenzied as it did yesterday, the MMs have their work cut out for the suppressing potential panic buying.
Yesterday's bounce may have been a perfect storm of short covering and buying prior to the November elections. I'm not going to get too worked up for these elections despite several excellent measures being voted on in multiple states. Keep in mind Colorado and Washington's 2012 voting for recreational legalization was a minor blip for cannabis equities in November 2012 and it was until 2014 when Colorado's laws were in place before the MJ market took off.
Only Thanks Is If You Like Losing Money
Let's get this straight here stockwizard, Alan has absolutely nothing to do with today's drop. Zip. Zilch. So far I have not ONCE seen an actionable call from that clown and the 420Investor portfolio is all the evidence anyone needs to see he is clueless. The 420I "mavens" and leading cannabis "analysts" own portfolio is down -60%!?!? Are you kidding me? Even after the MJ market downturn of recent months, I'm still up over 300% in my cannabis portfolio and that doesn't include the profits taken in Jan-April, profits that bought cars, a Tiffany engagement ring, Tiffany wedding bands, first class tickets around the world for the honeymoon.....and so much more.
ERBB's drop today is PURELY TECHNICAL. Period.
You won't hear me talking about market makers very often, but breakouts like yesterday force them to get manipulative. The price action was out of statistical norms and in order to maintain control of the trading, the MMs must reign it in otherwise a complete panic buying frenzy could ensue. I'm not one to cry MM manipulation on day to day stuff but there is certainly a need for their involvement.
Look at the ERBB chart, yesterday's action sent the price well over the upper bollinger band. That's 2 standard deviations from the norm which any statistician will tell you is not sustainable without a mathematical aberration.
Refresh: UptickNewswire Has .50 Price Target for ERBB
http://upticknewswire.com/seed-to-sell-total-vertical-integration-of-american-green/
Per the article from 9/17/2014 (linked above), UptickNewswire, a small and obscure online publication issued a .50 price target on ERBB following an interview with Stephen Shearin.
Take it for what it's worth.
My price target is .20-.25 based on comps (MD8X) and potential Zazzz/Jurassic/OGTea/Truth Lighting/Green Universe revenues.
Perspective from a Year Ago
Gee, today those 15,000,000 shares at a cost basis around .0017 would be worth about $300,000 from a $25,000 investment. At ERBB's 52 week high, that investment was worth $1,500,000
Wow!
Great Response from Perry
For anyone who has read this board for some time, I'd say that Perry's response was poignant, factual and appropriate.
Wish that AM Gap was Closed
It's not much. Intraday ERBB dropped to a low of .0153 and yesterday's close was .0152 so the gap is minor. I prefer gaps to be fully closed as in not just by the candlestick tail but the full body close.
Everyone's Been Talking Elections for Weeks
I know I have.
Florida is pretty big but who knows how they roll it out. Florida already has a devastating prescription pill epidemic that could help or hinder MJ in that state. Florida actually prescribes more OxyContin than any other state. Not long ago there was an article about how MJ helped some patients overcome their prescription drug addiction. Unfortunately, on the flip side of that is Big Pharma companies that will lose money. It's all fine and dandy to take business away from Mexican drug cartels but when Merck and Pfizer start losing revenue, the government lobbyists start working overtime. And remember, Florida is only medical NOT recreational.
I think the far more significant vote will be Initiative 71 in Washington, D.C. That measure has our nation's capitol voting to legalize MJ for personal use. Let me say that a little louder, WASHINGTON, D.C. MAY LEGALIZE CANNABIS FOR RECREATIONAL USE. I think that puts the cannabis issue on center stage at a federal level. This is the straw that will break the back of prohibition. There will be no way to justify the outdated, misguided and harmful prohibition of cannabis. Rescheduling will follow shortly. And even if Initiative 71 doesn't pass, the measure is a major steps towards the inevitable progression of full scale legalization.
Let's just hope this helps VAPE because it may increase the market for concentrates that can be consumed via Hive/Vape products.
Sinkholes? Landmines? Maybe Lions, Tiger and Bears Too?
VAPE has been decimated and aside from the possible Death Blow is about the only thing that could keep this one from soldiering on. This broad MJ market move is sector wide but VAPE is a coiled spring after the beatdown it has received. I mean PH0T got killed from .80 to .04 and MD8X was crushed from 190 to 8 but VAPE probably takes the cake, being sliced at 41 and diced at .83
What a difference a day makes tho. My last post on this board I mentioned buying at .83 to average down. VAPE is near my cost basis but oddly I'm not ready to dump just yet despite my less than "sunny" disposition for the stock.
Vanita Gupta's Possible Appointment to the DOJ
Vanita is a 420 friendly lawmaker. Most important, Gupta approaches cannabis from a civil rights angle. Current prohibition laws are extremely biased resulting in a disproportionate number of young black men being jailed for absurdly innocuous infractions. Vanita will hopefully bring change but she has an uphill battle fighting enormous lobbies like the private prison industry, law enforcement, Big Pharma, Big Tobacco, liquor industry, and every brainwashed fool that still thinks cannabis is "dangerous."
And even today, Eric Holder stated in a CNN interview that he is "cautiously optimistic" about cannabis legalization efforts in Colodrado and Washington.
Maybe we're through the darkness and unto a new dawn.
Let's hope American Green gets their act together and starts making waves instead of ripples. It's time to break away from the pack of disheveled MJ equities and establish ERBB as an investment quality stock.
V Shaped Bottom, Double Bottom, Dead Cat Bounce?
Let's hope it's the former 2!
ERBB is setting up nice technically. If it breaks .019, the next leg up puts ERBB in the .03-4 range. A blue sky breakout could carry ERBB to .20-.22 and it will happen quickly.
Fundamentally, ERBB is looking at Nov 4 elections and a possible PR about new, 2nd generation Zazzz machine placements that were supposed to occur in October but are now rumored to be placed in November due to "delays." Unfortunately these delays are all to common with Zazzz but Shearin seemed confident that shareholders will be surprised by the numbers in upcoming earnings which could be another fundamental factor if the reports are released in November as expected.
ERBB's recent plunge coincided with the biggest broad market drop in year, reversing the YTD gains for most big indexes. Typically, the markets are positive on election years so let hope the bulls are set loose in the next few months.
Possible Double Bottom Setting Up
And it could be a dead cat bounce.
How's that for lack of commitment?
The recent .0115 low did not sink below the previous .0113 low, flashing a potential Double Bottom forming on the chart. If it is a true double bottom, the breakout area will be .019 and could send ERBB into the .03 range.
Fundamentally, the November 4 elections will be driving any hype in the short term. American Green is "due" a PR considering the last disclosure announced Zazzz machines placements in late October, updated to maybe early November due to "delays".
I really don't care much about share price anymore. I made my profits here already so I'm coasting. What has me upset is the poor operational execution. American Green has so much going for it and Shearin is a dynamic leader but he needs to remember that winners execute. Repeated stumbles have deflated most of the excitement here. ERBB and American Green need to start pulling away from the herd of losers who have no business in the cannabis market.
Bottom? Not Yet. Capitulating? Maybe.
I wouldn't start calling bottoms just yet. There is something very wrong at play here. As a VAPE shareholder (bagholder), I'm hoping its a major error causing the undue downwards pressure but I'm also worried the maladies are far more malicious; insolvency, share selling scam, potential SEC action? I didn't think the aforementioned issues were in play with VAPE but the recent beatdown is perplexing. At these lows, selling should be over so it's extremely discouraging to see the unrelenting downwards price action.
Maybe VAPE is capitulating. The volume has picked up so much over the past few weeks that the average daily volume is up about 40%.
I bought some more today at .83, had to to bring the cost basis down. Unfortunately, most buyers here will be itching to dump, giving VAPE a lot of resistance if it gets back above $1. I'm thinking this boat could be sunk
No the Problem is Alan Brochstein
He's a joke. The guy spouts off about how "shady" the industry is because so many companies involved are just cashing in on the hype which is EXACTLY what he is doing. Prior to 2013, Alan's only experience with cannabis was that it made him giggly, hungry and sleepy in college. He is a teenage church group leader in Houston, TX (creepy!).
And now all of the sudden the guy is the "premiere" cannabis market analyst. He failed his was out of NYC, blew over $500k of mommy Brochstein's foundation capital and now he is rapidly decreasing the money in his followers portfolio with horrible picks like VAPE.
At least my moronic VAPE position is of my doing. I'd be really P.O.'ed if I was trapped here because some "expert" recommended this junk
I'd Be Pretty Shocked to See.0001
That would probably mean the company is insolvent.
Bottom line here is VAPE as a stock suuuuuuucks and as a company with an idiot like Kyle Tracy at the helm, Vape Holdijgs is a joke. So the idiot Kyle got lucky with PH0T during the MJ market hype then bailed before things got ugly with the SEC only to start up this VAPE nonsense?
GreenMomo, I agree that .50 is in the cards but when you call out .0001 it seems a lot more like bashing. Can you substantiate that claim in any way?
People who bought because of his recco
That's who cares that Brochstein recco'ed this at 8
That guys a rat, couldn't cut it in the mainstream sector, lost tons of money for his mommy's foundation and has now moved on to wrecking it for the pinkys
SEC should investigate Brochstein
People should also contact legal counsel about their loss or at least about getting 420i subscription money back
3 words - Alan Brochstein pick
Maybe Normal but I Wouldn't Be Too Cavalier
And I'm not talking about the awesome Chevy from the 90s.
Obviously ERBB is not dependent on the overall markets but the S&P may not be finished dropping.
Today the S&P closed the 1840 gap from August but there is another fat gap at the 1775 level.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p21665288475
"First Rodeo". Ha!
Not even. I've been through the MJ market for 3 years and the broad market for 2 decades successfully navigating through the dotcom bubble and the 2008/09 recession. And I've played this recent downturn pretty well.
I'm behind AG 100% in their concepts but about 25% (and waning) in their execution. Every opportunity has he washed out by over promises and sloppy project management. A major part of company "management" is not only managing projects but also managing expectations. Pre-announcing something that is not even close to ready is just idiotic. Then claiming AG wouldn't release the machine unless it was 100% satisfactory is even more ridiculous considering the have released and re-released the 2 existing machines multiple times despite "glitches".
Should we just have blind faith that things are going to get done? I don't think so and I'm over all these silly "ERBB on", god bless posts. As a shareholder, these types of discussion are essential in holding management accountable.
Hey, I've long said that one of the only ways MJ companies can raise capital is via OTC markets and I'm not here complaining about warrants, share structure or the like, nor would I ever claim AG is a scam cause it's not. Where I am frustrated is in the poor business operation and management. These screw ups are fundamental revenue generators that are not being executed in a manner that would create value. Shearin is acting like he's playing pepper with little leaguers when we need him to step up to the plate and get on base.