Sunday, March 15, 2015 2:06:25 AM
Blaming MMs for ERBB being near a penny?
First, let's not act like it hasn't been here before, many times. A year and a half ago, a penny would have been a 500% gain. When I bought my first 100k shares, ERBB was .01 in about 2012 before crashing to triple zeros. Also, ERBB is a pink sheet, penny stock after all.
But seriously, do people here really think MMs are the end all be all price setters, discounting every other market force? There are so many reasons stocks trade the way they do, only one small part of which is the specialist handling the trade.
This has been a spirited discussion with many different perspectives but it also distracts real investors from focusing on operational mishaps and achievements of AG. The Zazzz engine chugs ahead but there is just so little known here at this point. The Zazzz website, the video snippets, the PRs, cold-calling and channel checking dispensaries....none of it really provides a clear picture of the Zazzz progress.
Machines have been placed but there has been zero customer feedback, or even shareholder reports from dispensaries with Zazzz machines. The ExhaleMedCenter in LA has yet to receive theirs. You'd think with the 57k shareholders and 1800+ followers here, at least 1 or 2 of us could visit a Zazzz location to get some verifiable feedback. It would be great to get some real world feedback for Zazzz site visits.
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