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Yeah, you definitely have a point. I remember that's what got me to that initial run with ERBB anyway - the fact they don't really trade fundamentally. I still will probably be keeping my money where it is since there are catalysts coming, but congratulations on sticking to your guns. Good call. I do believe this is a round of consolidation for MIN* as shares move into stronger hands of those who actually attended the conference call, but there's no denying the floor was nicely called here by some of you folks and ERBB would've been a profitable play.
Any thoughts on the next test of .05 or so?
0% chance the pull back was due to the content. I was watching the chart while I was logging into the call. They didn't finish one sentence before we were down 20%.
My guess is there were people who never intended on listening to the CC who sold, shorters (smartly) knowing there were people who would sell off, and the combined effect of those two leading to weak hands panic selling. We were at these levels just over a week ago and I was happy.. hopefully we bounce soon.
The conference call was nothing short of spectacular. I now believe I own a piece of a legitimate billion-dollar beverage. Not even remotely concerned about the pullback. The sell off happened before the call even started. Bad trading day, but as high as ever on the prospects.
Thanks for asking though... best of luck with ERBB. Good company and I hope you prosper.
This is something I didn't consider. Very interesting, thanks for sharing!
"incorrect i'm not trying to get anybody to buy...i wish people who buy and sell this stock and make a profit all the best...i don't appreciate posters like yourself with nothing invested making bogus claims...sell, sell it's going way down...it's going to tank...my other stocks are doing so well why isn't this one...etc. etc. go back and read your posts and you will see why myself and most longs simply don't believe you"
I know you haven't read or understood my posts in their entirety for the following reasons:
1) because I never once claimed that longs should sell, or that this stock is going to tank. I said I believe it will go down. I believe it will test the 200 day average in the .02s. If you believe in this company, then hold it. I am not here to tell anyone what to do but I feel like commenting on a stock I used to own. Everything I say could be wrong, everything I say could be right, this is the stock market... I have no idea what will happen. But everyone has an opinion of what will happen. I am sharing that opinion. I am sorry if you do not agree or do not like it enough to have to continuously PM me instead of making my life easier by publicly replying to me.
2) You continue to private message me despite me saying that I can't PM you back. Please keep it public. When I have to respond publicly to a private message you send me that doesn't have to be private, I think you either need to have the last word in an argument, you like making things difficult for people you are debating and do not agree with, or you just don't read the entirety of my posts (which request you keep it public... which would play into me thinking you don't actually read my posts). It's also not that I can't afford PM, it's just not worth spending the money for it.
3) You don't simply recognize that though you disagree with me, what I am saying could conceivably be true. Clearly this is a situation where we will have to agree to disagree, and I am fine with that. I know people won't agree with me if they have a lot invested here. I am not going to encourage anyone to sell if they don't think they should. I sold because I found other plays that have given me better immediate ROI. There is nothing incorrect or shady about that statement.
4) You have failed to provide me a rebuttal of the current market cap of this company as vastly overvalued. If you don't believe it is, please give me reason to change my opinion. You have done nothing but send me private messages that accuse me of being here to cause people to sell, that I'm making bogus claims, etc... yet I am the one who is publicly posting and getting privately berated by you. It makes zero sense.
I wish you the best of luck. I am not here to convince you otherwise, it is your money, not mine. Let's keep this civil and public. Thank you.
Well if the PPS is going to be a dollar, the company needs to be worth $2.5 billion (hype can push it there without valuation, but financials matter more than ever now for ERBB).
Look, I like the company as a whole and I think they'll do good things. I also have talked to the company when I was investigating it before the ride to .10-.11 ... I just don't think it's that shareholder friendly in its current form, and there are better plays out there.
Not the ones I'm in. And the ones I'm in are up big.
What mass panic? Other stocks are doing just fine.
it's down because it's overvalued. If you want to explain to me how the current market cap justifies itself, then bring your case. I think you'll find it very difficult.
There was a time when this could trade on hype. It can't anymore now that the unveil has happened. Buy the rumor, sell the news. That's what this stock is stuck with right now until the company fixes its share structure.
Ha ok, I rode ERBB from .017 to .092 and knew the hype train left the second it started going down.
Do you want to justify a $50 million market cap for me? How about a $75 million for this company?
This stock can't hold gains. I'm sorry if you are married to it but I learned how to trade without emotion and it's been the single most profitable thing I could have done for myself.
Watch what happens, and don't say I didn't warn you. There was a time I liked this company, then I became educated about how diluted it is and got out when I realized what I had made here was probably as much as I could be satisfied with. ERBB will have its day - but it won't be for at least another 6 months. It has to go red to black first, and that's a long way off.
Anyway, as far as the other stocks are concerned, there are some serious catalysts coming tomorrow. I'm not promoting them here because this isn't their board, but I wholeheartedly disagree with your statement about them.
Don't try explaining this. I've tried to say that the hype train has left the station and that even at .02 this is considerably overvalued still.
Sales and financial figures matter now. That's it. If you don't understand that the share structure and the 2.5 billion O/S means that if the company has even a .02 PPS, then it's valued at $50 million. That's way high for what this company's financial health is.
Promising future? Sure... but it has a lot to fix before it re-tests .11
Everyone is getting out of this to ride the SPL*/VPO* and MIN* trains. Because even those who lost a lot of money here can recoup those losses quickly elsewhere. Just the way it goes.
Yes, but the company needs to do something about the share structure first. Look, I love this company. I think it is going to be a very profitable one for years to come, and I don't think your money is misplaced.
I look for the best ROI possible for the short-term, that's just my trading style, so ERBB in the short-term doesn't play into my strategy. If you are a true long, then yes, wait it out and it should go up down the road.
The issue is that many day traders know that ERBB will not hold gains because the float is far too diluted. Even at a .02 PPS.. with the current share structure, that values the company at $50 million. Even for the promise the company shows, it's still overvalued. a $1 million+ order for its Jurassic watering system would normally bump the stock... but the company has to bring in a lot more revenue to even begin to justify the market cap right now. Since the hype train has left the station, people will now focus on the financial health of the company.
Let me re-emphasize that I do like this company. I think their revenue streams are solid and the business model is as good as any. If they bought back some shares or found a way to reduce the shares in the float, you would see better trends.
The pattern since the unveil has been to sell any news within the first 15 minutes. So far it's been a good day for ERBB, but the spike and drop off that followed was predictable. The only flaw I see in this company is the share structure... and luckily, it's something that the company can fix.
I don't disagree with taking a long position on ERBB, but for my personal strategy, there are better plays out there for the next month or so. Just my opinion.
THIS IS NOT A BASH OF ERBB.
I agree with you. All the hype is gone - people don't understand that the share structure leaves the float far too diluted for this stock to hold gains. It's a flipper's paradise. Sell on the news. It's the most predictable pattern since the unveiling.
If you believe that the company will be worth less than $275 million...maybe?
I definitely, definitely believe the company itself can do very big things. I worry about the share structure being a burden on shareholders.
I think to expect anything short-term would be a little naive. All I'm saying is that if you are on here calling yourself a long, hopefully 6 months from now you're still here, and by then things should look better. But I think ERBB is due for some downtrending and sideways trading for a few weeks, with a green day here and there.
Or I could be completely wrong - I don't know. But my instinct is telling me otherwise.
The stock is overvalued, and hype can't save it anymore. That too. I think the fun has been had on this stock for at least a few months.
Not every MJ stock is still trading in a downtrend like ERBB is.
You are married to the stock. I can tell because I've been there once too.
My position on this is not based off people attacking MJ. It's a concern derived from the company itself.
There are other plays out there right now that have much more hype driving them with a number of short-term catalysts. Part of the bleeding here is also attributed to people liquidating ERBB positions to take others.
Well, I've been watching ERBB since late January and enjoyed that first run, but want to warn people that I think it's going further south... especially with other plays that will give much better short term ROI.
Look, it's up to all of you, and I could certainly be wrong, but please be sure that the share structure is investor-friendly and that the resulting market cap for the PPS is appropriate. Since this stock is no longer trading on hype now that the machine is out, financials are going to matter more.
This is the prevailing psychology around how the stock has been trading, IMO. There will be a future loading zone, but it's my opinion that the bottom has not been hit yet.
You don't have to agree with me obviously, but I think people would be keen to open their eyes a little more. Don't marry any stock.
lol, I was here back in February enjoying every moment of this run.
You're not getting my point. I've mentioned this so many times. Back in February/early March this was trading purely on hype. Since then we have had the unveiling, the partnerships, the media coverage...
The issue now? It's the share structure... do you think a $100 million valuation is appropriate? How about a $50 million? Even if this price sinks to .02, it is still not reflective of an appropriate market cap for this company.
I like ERBB and I like where it's going. I don't like it in the short term, though.
And yes, I have plenty of plays that are finishing green and they have debt.
You realize at .04 this company is valued at $100 million right? Do you really think that's reasonable for a company in debt?
The hype train is over - this stock will not trade on it anymore. Financial figures and no debt is king for the stage that this company is entering.
The only thing that will stop ERBB is ERBB itself.
The share structure is not favorable. They need to reduce the count, buy some back, do something about it... because even with a .02 PPS this company is valued at $50 million.
For all of you holding onto free shares... that is still money you have. You can do what you want with it, I don't care. But I am about 80% confident that there will be another huge buying opportunity between .015 and .02 because those PPS levels STILL overvalue the company tremendously.
Do not marry a stock. It will burn you.
If you've been in since .00s then obviously you have a large buffer and made a great investment.
I like this company, but I think turning a blind eye to its financial situation is a grave mistake.
I don't know where it's going, but my gut instinct (as someone who also got into this and rode the dip to a peak the first time around) is that the psychology on this stock is not as favorable as it was before the earlier ride. People are down on this, so there is an entire round of profit taking to be endured as well. There are also other short term plays that people are wanting in on, and this position is ripe for liquidation to get into other positive short term trends.
I like ERBB as a company and I like its products - but not short term. The hype card has been played. Financials are now front and center for this company - and even a .02 PPS overvalues the company enormously.
This company is still in debt. Don't forget that. Now that the machine is out there, there is no more hype. It's time to bring in sales figures... red to black doesn't happen for at least another 10 months I would say.
If you cut me, I would bleed money. And lots of THC.
Anyway, if you want to discuss this stock in a serious manner, we can do so. Poking jokes at my handle won't keep this stock afloat.
This is not manipulation. This stock is not trading on hype anymore. A market cap of $100 million+ is not justifiable. Even if it dips to .02 it's still not justifiable.
This company needs to now show revenues and go red to black. The hype train has left the station.
It's because the hype train is over. Now that the machine has been confirmed and unveiled, the only thing that will push this higher is revenue. The company is in debt with a share structure that cannot justify even a .02 PPS right now.
What makes you think that? So the floor of an appropriate market valuation for this company is about $112 million?
It will go down (I think it will at least), but not because it's a pump and dump. It's because now that so much attention has been brought to it... the hype stage is over. Now it has to produce revenues and churn a profit...and the share structure makes it difficult to justify the current valuation. Red to black is probably a year away.
It does if you take the share structure into account. I was big on ERBB but I think it has seen its highs until it really starts taking in revenue.
Even at this level, the market cap is approximately $130 million. Even for the bright future this company has - in its present state, after all has been unveiled - it is still considerably overvalued. It is not out of debt. It has not reported any sales figures or projections based on a pool of finalized deals.
I don't doubt that some day Tranzbyte will be worth a lot - but in the interim, after riding the wave up to .11 and then a brief bounce following the unveiling... I think this stock is going to cool off.
Some will disagree, but you can't marry stocks in this game. I will probably re-enter if the price comes down enough.
But don't forget that even if the PPS falls to .02, that still means this company is valued at around $50 million. Do you think that's a reasonable valuation? I think this is going to bleed out for a little bit. Could obviously be wrong... but short-term, I think its best days are behind it.
If someone feels strongly the other way, by all means I will listen, but keep it civil.
I gotta say, as much as I hated your point of view over the past few weeks, I do think you're a smart guy, and am glad you're on our side now. Cheers.
lol, this guy.
Do you think this company is going to be worth $3.475 billion by December?
Definitely not.
I'm waiting for my damn SA bullish article to post. Been submitted since yesterday.
In at the ask (.012) for 150K shares ... happy to be here. Been chatting with beamin, I'm a believer.
I would bet that this is happening tomorrow.
Agree.
I'm not forgetting this! I smoke as much pot as any other recreational user. As long as law enforcement agencies don't believe that legalizing is a good idea, there will always be an argument. I do believe this will spread across the states, but it's going to be YEARS before you see legalization or medicalized marijuana across a majority of the American landscape.
I grew up in Massachusetts. We decriminalized back in 2008 (NOT THE SAME AS LEGALIZATION). Medicalized in 2012. Baby steps take years, my friend.
Just because it's legal doesn't mean it makes business sense for a chain to just put a vending machine in its store. Especially when they have to acquire licenses. If we are looking through this lens, it makes more sense for Starbucks to be doing something with MIN* in this area - THC-infused coffee mixers are more likely than placing a ZaZZZ machine in the store. Starbucks doesn't need something like that - it's entire operating model is based off baristas and ordering at the register.
I think it's a good idea, just don't see it happening because it doesn't make economic sense for Starbucks... I don't disagree that the legal barriers will probably come down.
It has been submitted. Pending review ... soon
I'm not thinking small at all. It's a great idea, I hope it happens.
The legal environment will never allow it to. Not soon at least. Your expectations are far too high, unless you're talking 10-20 years out.
Don't forget that Republicans could very well take a majority later this year and potentially the presidency in 2016. That will set it back a little, even though I believe conservatives would do well to let the popular movement go on its own. I personally am a slightly right-leaning independent, liberal on social issues but fiscally conservative - from a business perspective, Republicans would be smart to let the economy capitalize on these emerging industries.
The medical is here to stay. The recreational.... we will see how Colorado and Washington state handle it. America is not going to turn into a stoner country, man. There are many, many hurdles ahead, though I agree that the trend is positive for us.
Starbucks isn't going to be selling weed in a ZaZZZ machine anytime soon. That's all I was saying. Believe me, I'm huge on the emerging market.