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BUY 1,000,000 FROZ .0041
Mark it :)
I expect revenues to be 1M to 2M and growing quickly. I estimate $ spli current value at .12. If we see confirmation of growing revenues, then .50 to $1.
Vapor. I don't read his posts that way. He said he is long and posted forecast of strong pps growth. A forcasted triple within a month makes him a basher...? Come on. I also bring some reality in my posts. Doesn't mean I am trying to hurt the stock. We don't have to jerk each other here. We are brothers that can share our opinions and insight. You have an idea of how many efforts are being made behind the scenes to ensure this venture is a success. It's ok to have a conservative opinion.
Love. I don't think so. Excess of seven figures is over 1 million. This stock is gonna crush it but I don't want people disappointed when the revenues are not that high for 2013. However 2014 is a different matter so I hear :)
Thanks for sharing. I love seeing product on retail shelves.
Just to make sure, I want to say thanks to Wolf also. I am of course not he. Go $ spli!!!
Let's get something clear. Wolf has done more than anyone to champion this stock. And I don't mean pump. He met with ceo twice. Visited the business twice. Wrote up all of his insight and took pictures. Created 2 instablogs on Seeking alpha. He did all your dd for you. He tweets about spli daily. He is everywhere, keeping people informed. Show some appreciation.
A couple of things. The original announcement said "in excess of 7 figures". Someone on this board stated they interpreted that as in the number of digits is in excess of 7 figures, meaning 8 figures or 10M. I read it the other way as well. Its greater than $1,000,000 in revenue. Still good though.
2nd: This price/volume actions is disappointing but somewhat expected. The PR today was a wet noodle....limp. Hence, low volume selling. This is NOT what we wanted to see. The bounce off the 10 day is weak, very weak. Those that bought the stock below .03 maybe no worries, but i don't like holding stocks i am under water in. In any event I am not selling.
Just my honest assessment. GLTA.
The volume on any upward movement will be telling. PR is good.
Beam,
I think earnings guidance would be really good here if there is something positive to say. Wolf says he saw boxes and boxes of product shipping, as well as multiple distribution partners coming in as he was visiting. All of this absolutely stellar positive info will be much harder to sell if the company doesn't have substantial revenues when they report. Have you seen any financial statements showing the previous substantial revenues that were announced in the merger statement?
Product news would need to be really strong (additional major market) to constitute more than minimal importance. Sales, expenses, and margin numbers are the most important thing. I am holding a fair amount of stock. I expect things to look promising quickly, but willing to show some patience for now.
This thing trades so thin, would make a good condom. Tiny amounts move and shake this, almost scary.
A perfect jumping pad for another run maybe? Bounce off 10 day .... you never know, or do we....
Wolf has reported first hand on spli many times. His observations lend credence to a very promising future. If it is true that vapor already has in excess of 10 M in revenue, and based on all of the other info, this stock is already worth 0.50. It is still a risk. If you want a 10 bagger I think this is a good play. Or you could flip it for a double. I plan on holding out as long as I can stand. The stock will really fly when we see profits then accelerating profits. It may not be far away. I have 25% of my taxable portfolio in spli at .061 so I sincerely hope I am correct. These penny stocks are subject to a lot of manipulation hence the great reward if it pans out.
Vree,
Here is my guess. We open at .05, head up to .055, drops, tests .046, closes at .051.
Hopefully, news between now and next Monday. I will be watching closely :)
This industry is set to explode. Look at the positioning. Your kidding yourself.
A couple other things came to mind.
First hand information, i also have seen several other shareholders provide corroborating feedback from a visit:
http://seekingalpha.com/instablog/22369991-wolfofweedstreet/2685041-otcqb-spli-a-wolf-in-sheeps-clothing-i-visited-on-a-little-field-trip
Also, I forgot to mention, I know of another shareholder, all in, 4,000,000 shares at $.055. He SAYS HE IS NOT WORRIED AT ALL. He is completely confident this is going to shoot the moon.
Coach. A couple things. First. I know it's hard but take a deep breath. I have been in your shoes. Don't panic. This is a very low float stock that can move a ton very fast. Second. In these penny stocks most don't commit more than 20% of portfolio to a single stock unless you have nerves of steel. Remember that. SPLI will almost surely rise in the next month. Just wait it out. I have 300,000 shares myself at .061.
The problem is people with .005 cost basis are dumping 500k blocks at 5.50 or so. We will consolidate until news. Now is probably an ok time to Load up before then.
Gdsm and ttdz blowing up. Looks like Stbv taking a hit.
Very few buying. Sellers are sharks waiting to pounce. It's a waiting game without PR. I hate waiting. But I'll hold this anyway.
Beware of bashing! There is a group attempting to fleece low PPS shares. This is not a company waiting to see what might happen. This is an already successful, apparently growing concern. Nothing in life is free, and nothing is for sure, but I think the medium term on this stock looks good.
None of us know where this leads but it's all highly speculative. Don't bank your retirement on micro caps unless your willing to lose it is my thought. Since I bought my shares at .18 I'm willing to see if this thing has more legs. The PR is fine but I want to see revenues growing within 2 quarters.
It is painfully obvious that someone sold their shares yesterday. now they want to get back in or they shorted. What else explains an overnight Change from this is the "best ever" to this is the worst ever??? Ridiculous. LONG ERBB.
UNLEASH MY EPICNESS!!!!!!!!!!!!!!!!!!!!!!!
http://www.komonews.com/news/local/Wash-state-shops-for-a-bank-to-handle-pot-money-224785712.html
Washington State 502 Sale Tax Consultant Projections - $1.4 billion and $3.2 billion over a decade.
And that is for recreational only I believe. So the recreational industry in WA alone, is 10-23 Billion $ over 10 years. If Tranzbyte can simply get a portion of year ONE, this puny 25M market cap will get blown away. More states? Look at the news on medical MJ regulatory and legal activity.
http://en.wikipedia.org/wiki/Places_that_have_decriminalized_non-medical_cannabis_in_the_United_States
They have a kick ass website at least :) Search for Tranzbyte Corp.
My fellow ERBB shareholders, rise up, in your numbers, and demand a ZAAAAZZZ box in every window, in every dispensary!!!!! We should also ALL write our congressman, and make our feelings heard about legalization in our own districts. I believe they have some stock language to use on the NORML website.
It sounds too good to be true honestly. I saw that blurb about it. Picked up another 200k at .0328, got 1.2M now. I'm holding my shares to .10 and beyond. Close today at 25M market cap??? Its a hell of a lot better deal than a lot of the hysteria around. I think this one can be held a while, its going up. Although a few more days of consolidation are likely without PR.
I think you have a months at a minimum for those levels, just my opinion. .05 to .10 might come in days or weeks though. Any solid news from this company would likely do so.
I have 33% of my taxable portfolio in ERBB so I hope its much sooner. I feel that ERBB is one of the most reasonably valued companies, considering all of the stocks are basically hysteria. I don't expect the stock to go straight up without any news obviously.
Good points made. Worth the risk. IMHO.
Irrational exuberance? This is simply one more SIGNIFICANT step on the road to nationwide legalization and the legitimization of the marijuana industry.
I still think this is close to the ground floor. The main danger in the sector is not holding your shares, or investing in a company that has a business model that will never produce revenues.
Another thought for ERBB. Today, there are already apps allowing you to use your cellphone as a credit card. The dispensary boxes could also allow that type of payment, in addition to bitcoin, credit card etc...
I don't know, or I wouldn't have asked.
Chess, Thank you so very much for the information. I put 33% of my taxable portfolio into ERBB last week. I have a very good feeling about next week and the future.
I think you made a good call there. Look at the potential news I posted below....I hope its true and significant.
Can anyone confirm this news, and if so, how important is this?
HEADLINE: EXCLUSIVE.....Officials In Olympia, Wa To Corroborate And Certify Tranzbyte Corporation (ERBB) New Contract With The State Of Washington, Official Press Release Coming Monday, February 24th Predicts Sierra World Equity Review.
You heard this here first, Sierra and her team believe that on Monday, February 24th the official word will come that Tranzbyte Corporation (ERBB) has indeed landed a momentous and significant contract for the companies ZaZZZ™ machine. Sierra and her team are following other breaking developments involving Tranzbyte Corporation and Sierra plans to release breaking updates as warranted.
Fed gov just gave green light for banking. See my last post.