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of course it is an issue....you put in 20 bucks to buy something for 10 and you have to go to a counter to get your change......and it appears some places wont give you the change.....disaster.
Looks like the guy in the video expected it to fail as well. He seemed a little surprised it worked.
Having a vending machine that does not give change is a terrible idea.
Age verification and certainly any sort of biometric scanning is not working on this machine. How were the tomassi patents incorporated? just a bunch of lies
ha ha...conveniently starts after the age verification portion.........a scam, a joke......
that is what I meant, does not work like they said it would.........I have known about the lack of giving change issue for a while now and it has never made sense to me......if you want your change you have to wait in a line to get it, which is precisely why you used the zazzz in the first place
zazzz is nothing but a machine built for hype....
Zazzz is a million dollar company. Total revenues will likely be around $1 million this year in the absence of some big turn of events, which does not seem likely.
So if they do a million in revenue and the cost of goods is roughly 40% that leaves them with about $600K in gross profit.
Interest expense alone will eat up $360K leaving $240K. $140K goes to rent and utilities, leaving $100K for salaries, marketing, travel, consultants etc if they were to be profitable.
What I am getting at is that they are long long long way from profitability so the future is bleak.
You are assuming the machine actually works, which has not yet been proven.
It should unless it gets propped up.....there is no reason for this to maintain share price.....the fundamentals suck, debentures are everywhere and the Zazzz a total failure.
where is the information statement? why did they post two sets of financials.....my guess is they are hiding something really bad in there.
Where is the information statement, what are they hiding? another scam......
they have completely failed
how about all those new debentures........nothing but a disaster which is why they waited
I am expecting another huge net loss coupled with flat/declining revenue.
I don't expect any meaningful updates relative to any projects.
Bingo, he is there to keep mgmt out of jail as they continue to fleece investors and make the debenture holders rich. All IMO of course.
I think the lawyers are there to keep them within the legality of the forward looking statements. I don't believe they have broken any laws but I do believe they are scamming investors out of money.
If the report is good, they are making a huge mistake not releasing it. A long weekend will minimize any news positive or negative.
It must be terrible.
Sorry hit reply instead of new post.
Any company that releases financials after the bell on a Friday is trying to hide bad news. If it was good news they already would have released them. And I don't for a second believe they are not ready. They are just trying to hide the bad news.
How about a demo of the supposed biometric scanning capabilities....we have never seen that. I don't think it works.
Rat Fink , HH is not a dispensary, get your facts straight, the place is a cafe and the items in the Zazzz are not age restricted. Using Zazzz in this location is actually much worse then using a traditional vending machine. A normal vending machine would do much better in this location as it does not require an account and can actually provide change.
yes this is the only working zazzz machine, has been for a while now....it definitely does not do biometric screening, what a joke
Even the longs are not that stupid. Financials on Friday are going to be very telling. My guess is they are awful.
Let me count the ways:
1) Huge A/S which is likely to be increased again in the very near future.
2) Huge net loss of $2.3 million last quarter on only 250K in revenue.
3) Failure to get their flagship product working over two years since they announced it.
4) A OneBode sale that is not actually a sale.
5) Numerous joint ventures with other penny stocks which are highly likely not to produce anything.
6) Announced grow facilities in two locations that have had no progress.
7) Using discounted shares as a way to obtain operating capital.
The list is huge.
and it has been down hill ever since......
Well I think we have a ton of bagholders underwater that are afraid to unload. Perhaps the debenture dumpers are done for the moment as well.
You don't need to be 21 to buy hemp products, they are OTC. So this means age verification is a useless step and only creates a barrier to new sales. Way to go AG.
do you need to be 21 to buy hemp products in Michigan?
They made Zazzz the centerpiece........everything else has been a failure too....Hemet grow facility- non existant, OG Tea acquisition (is it really a acquisition?), Sparks facility - joke, One Bode sale - a lie...........
Payment method is an issue. How many vending machines do you use that don't actually give you change? In a Tattoo parlor really? Joke, scam whatever.
The making change issue has been known a long time. You can either keep the money in your account or go wait in line and get your money from an employee. This is yet another reason why the Zazzz is stupid. You use the machine to avoid a line but if you put in a 50 for a 5 dollar item you have to wait in line to get your change.
They have done two I believe but none under the current name. They tend to switch names every couple of years.
It seems like they will need to do it very soon. Not sure how they are funding operations without it. I bet this quarter and Q1 were very expensive ones.
I think AG is all done. I think the upcoming delayed financials are going to be a complete mess with a huge net loss associated with it as well as our first look into the expansion of the A/S count.
The two year failure to get Zazzz launched will add to it. I think they will release the financials after close on Friday and hope that the news gets dissolved over the weekend, but I think next Monday the PPS is going to tank.
All IMO
Bottom line: Zazzz announced two years ago, one working machine in place. You can say I just repeat myself, but I am not the one that has announced over and over again the Zazzz machines are going to be in place by this date or that date.
Two years, one machine. Failure.
What we are witnessing is the debenture holders dumping onto idiot individual investors. There is not one bit of information that makes this a buy right now. They lost 2.3 million last quarter on only 250K in revenues, this is simply not sustainable.
Lets face it, if the machine was live AG would have tweeted or something that it was live. Lets also face it this is just one more failure on their behalf. Two years have passed since the initial announcement of Zazzz and they have one machine in place and that one does not do age verification.
For those of you who keep saying patience, please recognize they announced Zazzz over two years ago and still have only brought one machine to market. How much patience should one have? The company has failed to deliver a vending machine to the market for two years. What a failure that is.
The touch screen is a complete waste. People want to see MJ products they purchase, not pictures.
Two years they have had since the first announcement and they have 1, I repeat 1 working machine. They have burned through millions of shareholder dollars and all they have done is get one touch screen vending machine place which does not do age verification.
2 years, millions of money down the drain.
and there it is the late filing notification......because 45 days was not enough time to pull together financials......a classic joke this thing has become
now we have to wait until market close next friday to make fun of them......if it were good news in the report do you think they would delay?
What I find astonishing is the people are still believing this crap after two years of misses.....two years......imagine that they have announced Zazzz two years ago and only have one working machine and people still give them the benefit of the doubt