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Friday, February 06, 2015 1:48:42 PM
Yes, they have a lot of shares out and authorized. There is no disputing that. But if you have watched how ERBB has traded for over the last 6-months, you would know that the market has given it a floor value in the .012-.0127 range.
While it's frustrating that ERBB can't break out of this channel, the floor certainly seems to be in. And at this point in time, it appears that when this ticker starts moving again, the movement will be up.
While ERBB is less than perfect, they have made significant progress in the last year. Management has been late on things, but that happens in business. Just look at the press surrounding Zazzz, it has been crazy good!
IMO ERBB will break this wall and close at or above .013 today. Even if it doesn't, green Fridays are always nice.
GLTY! Hopefully you do well in your plays!
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