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You know who else was reachable? Bill Chabaan.
Todd is too, but that is not necessarily a saving grace, bro.
OMG. Really. Wow. 1vman. Is this CEO reachable like Stephen is?
I will be sure to show my face and continue to give you my honest opinion... if ERBB miraculously hits 0.03 without a significant restructuring and time - lots of time - I will most likely be screaming SELL IT NOW from the rooftops.
I am not saying that it isn't possible. But I will give it a probability of 1 in 100.
tbh, man I am only trying to make you see what I do here, nothing more; given the thickness of the glaze over your eyes - I am compelled to be more aggressive. I want everyone here who is long to make money but I doubt that will be the end-result.
I'd much rather see honest - albeit overly-optimistic investors - hold onto their hard earned money, which they deserve, before I see it end up in the hands of some guys who came up with a story and sold it to naive investors who are desperately trying to make a living.
Do you know who else had a lot of media attention before it went completely bust? FITX. Maybe some of this dilution is paying for this last bit of exposure before ERBB permanently goes below 0.01 and stays there.
Can you please tell me how ERBB is (realistically) worth over $40M market cap (and rising) as it dilutes shares at a cost-basis (for the outstanding debenture holders) of 0.0005 per share??
I really, really would love to know. I am going to hate to see you lose your money just because you have such strong hands and closed eyes.
Please answer my question.. why can't anyone here answer a simple question?
Please help me find a reason to buy after reading this (other than a temporary pop.. off of company-developments which ignore the facts herein):
No, zero position. In fact, I have never directly "sold short" anything. I have bought short ETFs though.. but that is besides the point.
I pretty much spend 80% of my life reading articles about the economy, searching for new investments, and positioning myself to make money off of any events - I almost impossibly have both ears to the ground -- so a few hours spent learning about ERBB and posting about it is literally nothing.
Anyway, I never give investment advice I would not myself take. Check my post history, I rarely do this but I am morally opposed to the pumping done by some of the posters here who I believe are trying to find a bigger fool than themselves to dump their inevitably worthless shares on and run.
I highly doubt you could literally give ERBB to any of the sharks. The products may have some value but they wouldn't want to take on the endless dilution and liabilities that plague ERBB for the foreseeable future.
ERBB has spent more on PRs within the past month than their entire quarterly profit will be.
Now add the costs of operations, debt, and debt-based interest accrual and you have a real loser.
ERBB is a great place to be if you absolutely loathe money.
I think you are misusing the term "pipe dream" -- what you are suggesting is a "bear pipe dream" happens every single day here and on countless other POS stocks.
Diluted pigs like this are a "dime a dozen" on the OTC markets. Soon enough this one will join them in the "dime a dozen-million shares" club, IMHO.
I already know that you cannot even begin to provide a reasonable foundation to stand on as an ERBB bull from a fact-based perspective. In fact, I challenge you to try. Remember to base it on facts!
Here refute any part of this post about ERBB: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111512152
I dare you to try knowing you will fail.
Buy the shares back!? That is a pipe dream my friend. They are operating at a multi-million dollar annual loss..
In fact, most of the $3M in Outstanding Debentures is newly issued debt.
Meanwhile, the company has been making acquistions for well over their fair value - cosnidering that they have almost zero revenues - and especially when you factor in the fact that ERBB is taking on each of these acquistion's liabilities AND PAYING TO DO SO.
ERBB
Any shares sold "short" are already covered on the back-end by the future conversion of outstanding debentures (at 0.00055/share).
This is a simple tactic to side-step a restriction on holding in excess of 9.9% of the O/S by any one Debenture "Holder's" conversion.
So any "holder" can be selling short and instantly "covering" via conversions on the same day for what is currently 1/20th of the market price.
New DD on one of EDXC's competitors
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111512152
Meh, someone stepped out. No big deal. Low volume -- they are probably JUST missing the PGM acquisition
GCEI
We need the management to give us an update as was promised in February..
RXMD
Lol, very exacting (and exciting) launch date there. Nice find and thanks for sharing (as always), bro.
EDXC
Very nice news last night guys. Feels just like last year with the revenue growth, except this time the revenues don't require financing/factoring and are being pulled in from 15 different states (out of the 28 currently licensed)
Only a matter of time until business is up and running in all of the states and massive revenues are pouring in.
PXYN
The question regarding the reaction by MMs and big money on how they will react to a rescheduling is not: "why would they run the MJ stocks after the news drops" but is rather: "why wouldn't they run these stocks to capitalize on the rush of new money?" that will surely come looking for the best places to be.
We will all have to thank the copious amounts of media coverage that the industry is certain to receive if rescheduling happens.
Much like last time, they have had plenty of time to load up and may require several large legs to unload all of their cheaply-acquired shares for major profits.
EDXC
Gotta agree with you there, Neo. This looks too much like December 2013 - before the massive MJ sector run began in January 2014 - for me to avoid getting excited.
The MMs are lowering the prices and doing a final shake to load up before the possible rescheduling of MJ on or before March 11th. We are only a week away now!
EDXC
That sounds like a good thing for all the longs here.
GCEI
Cool and the gang are coming up with a liquidity plan so they can all unload their shares.
EDXC is a legit company, doesn't dilute.
no prob. I changed the image to a less-detailed one. You are likely the only person to see the original. If the competition's shareholders come over here they will be opening Pandora's box.
EDXC
Those are commas with 4 digits before the M
Same units across the chart to make it easier to see the difference.
EDXC
Yep, it is clear as a plane of glass to anyone who can read a filing.
EDXC
If anything, his short-oriented article may indicate a turning point which will make the bulls happy.
EDXC
I read the article.. it was packed with very poor advice.
For example: "[In any of these stocks, you should] buy 43K shares at a time at 0.045"
Much of it makes little sense to anyone who knows anything about the OTC market - heck, to any market.
EDXC
INQD officially has liftoff today.
Thanks for the update. Seemingly he had to say March since it's a bit late to say February. :-p That does not bother me.
I presume you spoke with Armen. He is the controlling shareholder of the company (due to the issuance of Series A preferred shares) and holds a position on the board of directors.
On July 11, 2014, the board of directors approved the issuance of 51 shares of the Company’s Series A Preferred Stock to Armen Karapetyan, which is equal to 50.99% of the total voting power of all issued and outstanding voting capital of the company in satisfaction of $20,000 in past due debt. As of September 30, 2014 the Series A Preferred shares have been granted but not issued.
Duly noted, bro, will do.
Looks like we are going to have a good month ahead of us here.
EDXC
Indeed, lol.
Good way of putting that.
RXMD
When I spoke to him in early-February, he was chipper about the ongoing business growth and developments. He also suggested there were catalysts coming in late-February that would make shareholders happy.
RXMD
Yes, I distinctly remember that as well; who could possibly forget the resulting movement of all the MJ tickers starting in January of 2014 and persisting through the end of the first quarter.
Once something monumental happens in the MJ industry - sufficiently momentous to garner the attention of the mainstream media (MSM) for protracted periods of time - then we are going to fly. The court ruling to reschedule MJ could very well be precisely what the doctor ordered.
EDXC
Of course ARCA, VNDM, and VFIN are not retail, however, it does not mean that they are naked shorting - they are selling the share issued to Tarpon to settle the companies liabilities once and for all; do you know anything about that?
On the contrary, I guarantee there are zero retail shorts. For someone with no position here, who apparently took a few minutes at work to check out this ticker, you have devoted a tremendous amount of time and effort to the forum here.
Not sure what you're up to (I'd guess that you or someone you work for are trying to get a cheap entry) but I don't disagree with everything you are saying... of course stagnation + speculation = slaughter on an level of exchange, OTC/AMEX/NYSE/NASDAQ (you name it). Generally but not always, especially in today's terribly decoupled and delirious markets, speculation decreases as you move up.
The price of this stock is largely dependent on the patience of it's shareholders. However, no one really wants to sell at prices they know are vastly below the value of their equity and, so long as there is at least one person who knows the details of the company and is semi-actively watching the price action, is will recover any damage done by weak/impatient hands.
RXMD