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The COO is paid $10k month in common shares and factoring that into the current revenue landscape I would say yes it's highly likely
Management has disclosed exactly how they are raising capital and that is through the ongoing issuing of common shares. If shareholders don't want to believe or even read the company's financial correspondence that's on them.
The stock need more buying pressure to counter the dilution if shareholders want to see more green; Or management could cut the dilution and find a better way to fund the company's daily burn rate.
Shareholders need an exit strategy but every month the shares are worth less both technically and fundamentally
Professional experience but don't take my word for it go ask a paharmacist. Not to mention the subsidies pharmacies get from companies to utilize this valuable space.
In a pharmacy it's all about the availability space
I'm inclined to agree with you pack that there might be another drop in oil. However WTI Crude's weekly chart looks like a bounce may be underway (Dead Cat?) but I'm still sidelined at the moment.
Its like navigating a pooh infested yard blindfolded waiting to step in it.
Pharmacies won't use something that provides no additional value and takes up precious space. MJ dispensaries will have a plethora of machines to choose from and I assure you there will be something on the market other than a refurbished chip machine.
I'm sure there's a place for it but head to head against a stand alone unit "unmanned" unit designed to alleviate lines the Zazzz is an inferior product.
But hey the CEO is a champ at selling shares at least he's getting paid ;)
An ERBB shareholder
It's not safe enough to hold marijuana as a stand alone unit.
Big Parma is not going to use a refurbished chip machine to sell a controlled product. Using something that is not regulatory approved would only add liability to an industry that is riddled with Corporate Integrity Agreements with the OIG.
Federal approval is required and the machine is not secure enough as a stand alone unit.
Management reads these boards and they understand what they are doing to their Shareholder Equity. Its a reflection on their inability to raise capital that aligns with shareholder interests.
Why don't they factor their receivables and give shareholders a break on the dilution? Yes there is dilution because it states in their own OTC releases that the COO will be paid in common shares.
I wasn't here 3 years ago to mention them but these "issues" are only issues if they are impeding managements ability to raise investment capital through equity. As of today management raises capital through debt to Shareholder Equity so as long as shareholders are ok with the current financial landscape then it's not an issue with management and likely not to change anytime soon.
Management gets paid shareholders get to speculate on a future payday unless they are trading out of the stock
It's not a carrot its called hard work that needs to be done to get their administrative house in order. Management can make all the revenue and profitability claims they want but until their books are GAAP compliant and fully audited by an independent auditor financiers will have to take management at their word. We all know that's not how capital is raised and how business is done.
Management also needs to go get caught up on their SEC filings. This is a long and laborious process that doesn't happen overnight as constant revision will be made. If ERBB management does all of this and apply's for a bid to uplist to the QB then maybe some real capital will find its way to this security.
Without it shareholders can expect a lot of the same frustrations
Sirius was a reporting company and cornered a niche market. Paradoxes like this are not the financial norm but its worth a shot to see if ERBB can follow the same sort of one off success.
But management must announce that they have retained an auditor as being a pinksheets security ain't gonna fly
The NYSE Listing Standards illustrate there's a lot of work to be done before management can even be considered for a bid on a national exchange and even then there's no guarantees. If this is the expectation of shareholders then management should give clear guidance and set the proper expectation
The announcement of an auditor is the first step of the process. FYI
http://nysemanual.nyse.com/LCMTools/PlatformViewer.asp?selectednode=chp_1_4_3_3&manual=%2Flcm%2Fsections%2Flcm-sections%2F
Do the NYC free ID's backed by a gym pass from the getaway driver count as a "Real ID" ????
ERBB has an extremely weak capital position how do you come up with "AG is structured better than every other US cannabis focused company"
How many other securities should I reference to disprove this post? Two three four...how about five?
That's awesome "we get it we know its warm in Florida".
There's no place to go if things get that bad imo but just the same I sleep better at night knowing I made the effort anyway. The ultra rich are looking for a Panacea and most average folks are merely looking for a chance. Those labeled "preppers" anyway.
I don't know what tomorrow brings but when governments are forcing citizens to stay inside due to snow or face fines there's something wrong. Forget the roads just walking around NYC last week was a crime during the "blizzard". Something is terribly wrong in this country and to be without supplies in this day of age is risky. Everyone has their own opinions but this one is mine
The US Govt (FEMA) and most of the 50 states are telling its citizens to buy this "crap" minus the bullion on each of their websites. Do you think they get a cut from the sale of "crap" or maybe there is a reason to be cautious?
The cost of capital is everything in business. Shareholders are already on the other-side of profitability from day one and it takes that much longer to get back in the black.
It's called the Time Value of Money
Like ERBB much of the fundamentals of the sector have yet to come to together. It's actually a good question because EPS and market multipliers will play a role both at the security and sector level (for listed companies). A few more qtrs with additional markets coming on line should shore up the fundamentals enough imo to begin running financial comparisons etc.
We will have to wait and see how these companies are being valued and the overall market response to the brands as this will help calculate the much needed growth analysis for 2016 and beyond.
It's a bold new world to explore so be sure your on the right starship when you do it
Add that number to the tally of duckets management already owes Shareholders due to years of unscrupulous toxic debt financing. When management took control of the ticker ERBB they assumed the debt obligations as well.
"I challenge you to show me another position that has openly structured itself the way ERBB has."
Every other non reporting pink with billions of shares outstanding and a weak capital position. It's the same ongoing dilution model and ERBB is par for the course with the rest of the pinks that don't report
That is quite the propaganda piece isn't it?
One competitor is leasing their machine out for $50/month lol. Another is running an authorized pilot program that has been pushed back by the CO MED as I understand. Seems the sector is idle at the moment irrespective of anything being launched out of this ticker
Folks need to fire some politicians and clean up this crony regulation
My bad I was referencing this statement "London, our numbers are growing in London :o) "
It appears I took it out of context and I stand corrected. Thanks
Did someone not just acknowledge there were sales in London? If I misread the post I apologize but international sales do roll up in the company financials and currency risk is part of the game
No London sales?
How is management hedging its losses on the USD/GBP currency trade? Will these transactions roll up profitable when they are reported in USD's?
What are managements 2015 projected Earnings Per Share that's going to make this "pop" again? "Substantial growth" doesn't quantify or articulate anything for the investment community
That's nice but nobody here has the faintest idea what your talking about. So why don't you tee it up nice and tall and who knows maybe you get a couple converted shareholders
So what's the security your using to draw a comparison to PMXO. What's the financial criteria being used to draw that comparison?
TIA
No it's true shareholder equity is negative in the 10s of millions. It's in management's own stated financials
Did any shareholders read them?
Shareholder Equity
ERBB Shareholders get the equity sucked out of their security and then some and management gets a commendation for outstanding work. At $50/month per machine it should take about 4 thousand years to break even
The Time Value of Money has no place in the Twilight Zone
If it's a pharmaceutical it has to be approved by the FDA
They will never get a SWAT team to enforce this "law" imo. The crony justice department can't even get a civil rights violation to stick in MO. It's another tactic being thrown out there to see if it sticks. Should tell us something about Washington since they capitulate to firearm regulations so maybe its possible.
Roger that
January update beginning of the week #teamPMX
10:24pm - 16 Jan 15
https://mobile.twitter.com/pmxgold
Was waiting for him to backhand Biden right there on national TV. He must have a tanning machine at the casa