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LOL MDBX 14.8mil O/S ERBB nearly 2bil. Its not eve going to move like that, EVER!!!!!!!!
TIMBER!!!!!!!!!
Typical. With most of the MJ stocks in the green up between 1%-14%, we as usual are in the red down 2%. SHOCKER!!!!!!
Very true. My biggest problem bar none is the share structure and the history of continuous dilution with this company regardless of what they were calling themselves at the time. Not even pumps can help in the end with this share structure. The few things that would, Huge revenues and earnings, I mean huge. The company buying back and retiring about a billion shares would also help. I wont say a reverse split since history has shown what this company does after a R/S and that's start the dilution over again. You cant argue with history. It wouldn't be the first time these guys pulled off that dog and pony show. Granted if MJ goes legal in all aspects this company may have a chance with its current S/S. I wouldn't count on it though.
Amen John. I couldn't agree with you more.
WOW, before anyone starts arguing the legal aspects of the situation here it would help to know your acronyms. LEA stands for Law Enforcement Agency. That would consist of the DEA, FBI, Local & State police, ATF, etc.
Here is some further info
http://en.wikipedia.org/wiki/Law_enforcement_agency
Just for the record ERBB is more than just MMJ. Its fertilizer, RFID & other sellable goods. Is it against the law to report those sales as well. What a joke. They have not sold one penny from the litany of companies in its portfolio it alleges to be doing business with. Zero, Zilch, Nada!!!! Is it all an Urban Legend like the stock dividend that was supposed to be rolled out to shareholders last year. LMAO. Dividend farming or whatever they call it. Also as mentioned in my previous post other MMJ companies have released financials. The excuse of "they will be raided" is part of the perpetual smoke & mirror show that goes on here daily. More transparency, more facts, & end the dilution. Maybe just maybe we may move. I think I am starting to need a MRI and perhaps a TAXI ride.
Really? Then why haven't MJNA or HEMP been raided. Both have released revenues. Don't tell me its due to which states they are located. It is not local LEA that is going to do the raiding, it's the FEDERAL LEA's. Federal if my memory serves me right means every state is under its jurisdiction. That argument fails to hold water. Until they do report revenues of any kind, this will continue to be a back room boiler operation with only pumps & touts causing the stock to move up. When the pump is over it goes down much further than it was when the pump started. None of the fairytale wishes and storybook fantasies or constant cheerleading is going to change the fact this company has not reported one penny in revenues and continues to weaken shareholder value through dilution. Hear me now believe me later. Unfortunately Im stuck here for now. Come on Pump & Dump!!!!
Business as usual here. Depressed stock price, dilution, no REAL news to speak of, no revenues and a gagged T/A. Still stuck in this POS waiting for the next pump & dump so I can get out, maybe even. This stock is sucking so bad that if it fell out of a boat, it couldn't even hit water. FMCC is where I should of put ALL of my ERBB money when it was .30's. At least I did get a good position. FMCC had record earning last reported quarter. Going back to $1's before ERBB hits a penny. Lets get yet another pump and dump here. I need out!!!! I also see the number of post here are dwindling. Hmmmm I wonder why?
You have a point. If all that happens, revenues are reported, revenue numbers are insane, profits are huge & they reverse split and or retire shares we would have a "BIG" winner here. Like I keep telling myself. "These are some cheap lottery tickets that could actually make me some money". Its what keeps me sane here. GLTY
I do believe you are right. I hate to say it but I think I may cost down yet again if we hit .004 Lets see how it goes down. GLTY
I cant believe Im still stuck in this pos. Dilution, dilution, dilution. 2 bil or more outstanding. What happened to their "Game Changer" they announced on 4/10/13. Nothing but fluff to push the last pump & dump. I myself am praying for another P&D so I can get out even, I hope. 100% of all pennies with this S/S reverse & start the dilution all over again or go under and come out with a new name with the same shell. End the dilution NOW and there may be a chance. Retire shares would be the best for the shareholders. Although I don't believe mgmt. gives a shite about the shareholders at this point. Good luck to us all.
7 minutes without a trade. WOW!!!!!
Not everyone just the company!! Well at least they are holding out for .006 instead of dumping at .0058. For the time being anyway. Turn of the printing presses FFS!!!!
Riddle: What is the fastest way to stop a run? Show 8.5 mil shares on the ask for sale!!!!! The dilution has got to stop and soon!!!!!!
Start the DILUTION. It never fails. The mgmt. of this company is the worst!!! Stop selling into any rally you farking morons!!! Back to .005's we shall go.
We actually seemed poised for a little break out, that is if the dilution has stopped. Please. At least for the day.
1.89 billion that we know of??? I hold a nice position here. Anything is possible. Its a cheap lottery ticket in my eyes. If this company is legit with its dispensaries and franchises. As well as its other MJ oriented businesses, who knows what will happen if MJ is legalized for both MMJ & RecMJ. I spend 20$ a week playing lottery and this is as fun & may pay off to a degree. May come a day that 2bil shares is average for a company in this industry. Only time will tell that. If it is a scam, then we all got had.
MDBX O/S is a fraction of what ERBB's is. Very low floater. ERBB has so much float it could of saved the Titanic.
Well looks like they are gonna take us down the crapper right out of the gate. Maybe that means we will close green. One thing for sure is the printing presses will be running as usual.
End the day like they started the day.... by diluting more shares!!!!!
Be careful the ink is still wet on them there shares. Thanks mgmt.!!!
Told you I wasn't selling until .0095 and ONLY too you. LOL. I do have a sell in at .015 on half my position. If it comes fast I will pull it and reconsider.
Forecast. We are set for a little run to .0058 maybe .006 with just a little buying pressure. When we get to .0058-.006 who want to bet the dilution starts again. ATDF ETRF NITE VNDM will all lead the pack. If we get no buying pressure .0049 is right around the corner.
Shay. Charting pennies is fruitless. That's is the first point I would like to make. Next bashers and shorts will never drive a stock down like a P&D does. Simply to many complex rules in place. Especially for retail traders. Last point I want to make is that a gagged TA is your proof of dilution. Do you really believe they are gagged because they have good news? Do you think they are secretly keeping a reduced SS due to the company buying back and retiring shares? Absolutely not!!! Learn a lesson here. When the next Q comes out and you see the O/S you will know. My bet is we are almost at the A/S level. The next decision will be to we raise the A/S or do a reverse. Check the history of the stock and you will derive your own outcome.
Heres the facts
June 14, 2007: the Company consolidated (R/S) its authorized and outstanding common shares at a 1 for 1,000 ratio. After the stock consolidation the Company had authorized 870,000 common shares and 677,416 common shares outstanding. May 22, 2008: the Company increased is authorized common shares to 125,000,000. June 9, 2010: the Company increased is authorized common shares to 750,000,000. May 29, 2012: the Company increased is authorized common shares to 1,350,000,000. December 14, 2012: the Company increased is authorized common shares to 1,995,000,000, a 229,300% increase in 5 1/2 years, with nothing to show for it. Want to bet that all the authorized shares get issued?
I would say in the .004's its a good buy if you like lottery tickets that have a higher probability of paying off than the actual lottery. Also do some serious DD. Im in higher. I may cost down yet AGAIN in the .004's. It will more than likely happen today or tomorrow.
Text book dilution at its best!!! Those who don't learn from the past are destined to repeat it. Im guilty as charged. This is the history of AMNG / ERBB / what ever we change our name to after the next reverse split.
When the company stops diluting. They are using ATDF & NITE as well. Watch. Anytime there is a rally those three step up to sell. Usually lowering the ask in the process. See it just happened. they bumped in front of ATDF and dropped the ask while I was talking about it. LOL
Volume is gone. Back to the .004's!!! Thanks ERBB mgmt. By "game changer" I think they meant for the mgmt. team & insiders who just made some mad money on the P&D. Guess im stuck here until the end or the next P&D. This company will have to report revenues for anything meaningful to happen to the share price. Until then the P&D's will be the only "game changers".
Don't get me wrong. If the world of MJ goes the way I believe it will and if ERBB is legitimate, we will make mad bank. However this mgmt. team seems to constantly make bad decisions as far as the shareholder and SS goes. If that is any indicator of the decisions that they will make in a legitimate MJ world, Im worried. Stop selling shares. We are not expanding this rapidly. Also why the heck is the TA gagged? Anyone with a reasonable & logical answer please reply. In 25 years in the market I have never ever seen a TA gagged that was hiding GOOD news.
Dilution continues. So predictable its comical. Any time we rally the printing presses start!!!!!. Oh yeah... To the moon. Blast off. Game changing company & products. Revenues to come
Today = Huge Breakout. Hold on its gonna be a rocket ride.
Monday is the day!! Bang goes the dynamite.
Monday big pop. Then run to pennies. Hope you didn't miss the fire sale today. I bought 5 million more at LOD. Who dares to be a millionaire?
Bammm Loaded up. Light the rockets. We going no where but up!!!!
Who dares to be a millionaire.
By .007's falling you mean back to .0066, .0064, LOD .0062? At .0095 im selling my position to you. Your still buying right?
You said the same thing ALL day yesterday and all it did was go down. Looks like more of the same today. Although I hate to say it, mgmt seems to be in it for the pump and dumps. Plain and simple. You still going to buy me out at .0095?
Oh yeah. Its dilution Friday. The company is unloading as usual. Nearly 2mil at the ask and no movement up. Look out below its a dilution avalanche. Good luck to us all. Its going to be a rough day. 2.2 mil and the bid is drying up. Put your hard hats on. Its raining newly printed stock. Like I said .0063 printed. Here comes the bounce. LOL This is just sad. The mgmt team is horrible. If you can even call them that. .009 Wednesday - .0063 this morning. Great job everyone at ERBB.
Legitimate question.
Why do you believe that the SS here is no cause for concern?
In 5 years the stock O/S has increased by over 200,000%.
2007 870,000 A/S
2012 1,995,000,000 A/S
Why do you believe there is no further dilution?
Why do you believe that they wont increase A/S?
Simple questions. I didn't do enough DD back when I first bought. I have averaged down and we keep going down. I was long and strong. Not so much now. Sell me???
Not one time, not two times, but every time in 24 years of investing these situations reverse split and start all over again. EVERY TIME!!!
.0091, better yet why don't you just keep on buying until we get to .0091 if your so positive and bullish here. They want people like that it keeps the presses running. The A/S will be reached by the next Q jmo
My sentiment changes when I read facts.
June 14, 2007: the Company consolidated its authorized and outstanding common shares at a 1 for 1,000 ratio. After the stock consolidation the Company had authorized 870,000 common shares and 677,416 common shares outstanding. May 22, 2008: the Company increased is authorized common shares to 125,000,000. June 9, 2010: the Company increased is authorized common shares to 750,000,000. May 29, 2012: the Company increased is authorized common shares to 1,350,000,000. December 14, 2012: the Company increased is authorized common shares to 1,995,000,000, a 229,300% increase in 5 1/2 years, with nothing to show for it. Want to bet that all the authorized shares get issued?
If you think that's a good recipe for anything besides a reverse split that would make you the TYPICAL I hubber.