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You are assuming the machines even work. As far as I know the only operational machine is at Hempful Farms and I know that one does not do any age verification. Until I see an operational machine in a store being used by customers (not some staged crap like we saw in Seattle) I am going to think the whole concept is a farce.
Institutional buying? You think that is really going to happen? One look at the share structure will scare away any large investor, not to mention the debenture situation.......
Until I see a video of an operational Zazzz machine doing facial recognition in an actual store being used by actual consumers, I am not going to believe this thing works.
Why can't they demonstrate the machine and how it functions? And don't point me to the video from Seattle as those machines were never operational in the store.
I think they have literally released this exact same news like 5 times already. The machines are ready, the machines are being deployed, the machines will be operational in January, the Zazzz network is now online.
It is all the same.
How many times are they going to release the same news? The machines are ready, I mean now they are really ready, I mean really ready now.
Too funny.
The net loss for Q4 was $2.3 million up from $573K in Q3. If it follows suit then the net loss could be up to like $6million.
What happens when they run out of shares to fund operations?
Think they will delay their filing again?
Remember there are supposed to be two facilities, one in Hemet Ca and the other in Sparks, Nv, I agree with you in that I think they are both just smoke and mirrors and have had no progress.
great post. nice job. you are missing a few pieces but overall well done. i think it is worth mentioning the debentures and the A/S situation as well.
There still only one machine in operation or are there more now?
what about the ballooning net loss and lack of A/S
Maybe they will tell us 18 zazzz machines shipping to 12 locations?
4x increase in rev but like a 8x increase in net loss.....
Do we still just have the one Zazzz machine in operation?
comparing ERBB to Tesla (or any company that actually reports financials) is an absolute joke and you know it. Imagine if Tesla announce 4x they were shipping a new car and never did. What would happen to their stock?
I disagree, if each state has its own regulations and requirements that are delaying Zazzz then why doesn;t AG tell us that? They have had two years to understand the different state requirements.
They are being completely disrespectful to shareholders while they make the debenture holders wealthy.
Is there still only one Zazzz operational? Has anyone seen one that can do the facial recognition that is actually in operation?
I have some questions:
1) how come we only have one working zazzz when they said we would have 18?
2) what is the status of the facility in sparks?
3) what is the status of the facility in hemet?
4) what is the status of the partnerships with USEI or DBMM or Endx?
5) are they going to jack up the A/s? when?
this looks like a scam
Meq it is all in the last filing. In Q4 they burned through more shares then they have left in the A/S which means unless they cut their spending in Q1 signficantly then they are going to have to increase the A/S yet again.
I actually don't think they will R/S yet because that would destroy the PPS. I think they will jack up the A/S by another billion and try to get by on forward looking statements for another year while they cash out. IMO
Signs of scam are everywhere with AG and it is foolish not to admit it. While it might not be a scam you can't ignore these tell tale signs from all pump and dumps.
1) Multiple name changes and course of direction over time. How many times have they changed names and strategies?
2) Forward looking press releases that never come to fruition. How many Zazzz launches have we seen? How many Zazzzz are in operation? 1?
3) Continued dilution and huge A/S. Watch for the A/S to go up soon as they run out of cash.
4) Failure to deliver on any operational promises. Zazzz? Hemet? Sparks?
5) Multiple partnerships with other pennines. USEI? DBMM? ENDX?
The list goes on. But anyone on here that suggests there are no warning signs is just plain wrong.
I am on probation for another week so this one post is all you will get.
Night,
The only working machine in the market from AG does not check ID. The one at Hempful Farms operates like a traditional vending machine, so they already have that.
I completely agree with you here. At the last financials expenses was growing at a far faster rate then revenue and there is view into when this company might be profitable. I can't image they are going to have a 10x increase in revenue from OGtea and lighting. Zazzz is a huge failure to date and there can't be much if any revenue coming from there.
So in the absence of profitability this company has to use shares to fund operations. They are close to or at their A/S so an increase in A/S is highly likely in my opinion or they will go bankrupt.
There are certainly not enough people asking questions here if you ask me. Such as:
1) Where are the 18 Zazzz machines? Why are they not operational?
2) What is the plan for funding future operational expenses? Increase A/S?
3) What is the status of the Sparks and Hemet facility?
There are tons more.
Been a month since the old zazzznetwork fired up.......still only one machine working and it does not do age verification.......where are the others?
Dec they said 18 machines were shipping and due to be operational in early January. Now there is only one machine in operation. What happened? Will more come online? What was the problem? Does the facial recognition not work? Are the machines not legal in CO or CA?
why would you think this would go up? they can't deliver.
Here are some facts about AG that everyone should be aware of:
1) They have now announced at least 3 launches of their flagship product Zazzz. All three have been colossal failures including the most recent which was supposed to be 18 machines operational in early Jan and now we only have one and that one does not do age verification. FACT.
2) The company is losing money at an alarming pace. Their latest filings showed a net loss that increased 7x to 2.2 million in the last quarter. The same time revenue went up 3X.
3) The company, since it is not profitable (see point #2) is using debentures to fund operations. They do this by offering heavily discounted shares in exchange for goods/services/cash. FACT.
4) They are near the top of their A/S. If you note point #3 you will see they need shares to operate. What will they do when they fun out of shares, likely very soon?
5) The company has not provided any updates on numerous partnerships and projects. Sparks? Hemet? USEI? DBMM?
6) The chairman of AG bought 600 million shares of DBMM in Aug/Sept of 2014. Then the company announced a partnership with them. Fishy?
Has anyone seen a Zazzz? Is there still only one operational?
boy you are misinformed....there are many different things in the bill being considered. one is changing the classification to schedule two, this has nothing to do with banking and will have zero impact on AG.
there is a separate component of the bill that does loosen banking laws for MJ companies, this will have a positive impact for AG.
re-classification has nothing to do with banking
who cares.......having MJ classified the same as cocaine is helpful why?
great MJ is going to be in the same class as cocaine, that should help
there is zero reason to buy more now, wait until they deliver some results
that is the task that Zazzz can't accomplish.........sorry for the mistake
only one is actually working though and it does not have facial recogniation
Yes, people posting here is what is affecting the PPS. The company has accomplished nothing but creating huge empty promises.
Where is Zazzz?
the debenture holders will certainly appreciate that......so you think it is going down more?
Huh? That post makes zero sense......look for results that is what will drive this company, not perception and not promises
and 2.2 million in losses last quarter too and the machines are still not operational........fact
Crickets are you beginning to grasp what is going on here? The company can't deliver on its many many promises. Pink sheet partnerships, impending A/S increase (likely IMO), 300% sales increases over what baseline?
Come on, you know what is going on here. Where are the machines?